updated 10:50 am EST, Thu March 1, 2012
Tremendous profits cited
Apple has claimed first place in the 2012 Fortune list of the World's Most Admired Companies. The achievement is a fifth in a row for Apple, with the company this year getting a score of 8.42. "To say it was another big year for Apple would be a gross understatement. With the passing of Steve Jobs, questions swirled around the company’s future. But under new CEO Tim Cook’s guidance, Apple continues to prosper," Fortune writes.
The magazine points to Apple revenue of $108 billion in the last fiscal year, fueled by a 334 percent leap in iPad sales, and an 81 percent rise in iPhone sales, even before the iPhone 4S launch. Company shares are noted to have climbed 75 percent to $495. Stocks are now valued at over $540 each, giving Apple a lock as the world's most valuable corporation.
Immediately behind Apple on the Most Admired list are Google, Amazon, Coca-Cola, and IBM. Google is noted to have had an extremely active year, for instance launching Google+ and buying Motorola for $12.5 billion. Amazon unveiled the Kindle Fire, its first tablet to be more than an e-reader.