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Apple tops Fortune list of Most Admired companies

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.



By Electronista Staff
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  1. TomSawyer

    Fresh-Faced Recruit

    Joined: Jan 2008

    +5

    A Cinch

    They were a shoe-in for this list with the highest market-cap in the world. Especially significant for what the tech industry considers a "boutique" brand to garner this praise.

  1. climacs

    Forum Regular

    Joined: Sep 2001

    +4

    it's a little soon

    to heap praise upon Tim Cook because Apple had a blowout quarter in the first full quarter after Jobs died. Cook could have spent the entire quarter on a remote desert island and Apple still would have posted the same results.

    A year from now would be the minimum amount of time we would need to judge Cook's performance. This is not to say I have doubts about him, I don't. I'm just being rational about this.

  1. testudo

    Forum Regular

    Joined: Aug 2001

    -1

    Re: A Cinch

    Especially significant for what the tech industry considers a "boutique" brand to garner this praise.

    And how long since the tech industry has considered the company that? Can you please start referencing items from the last several years? Yes, I'm sure all the tech industry just sits around and mocks apple computer. That's what everyone does, isn't it. You might also need to adjust your foil hat, I think John Dvorak has moved some of his satellites and might be able to read your thoughts.

    Man, you people just won't let go the fact that, years and years ago, Apple was a laughing-stock company that was bleeding hundreds of millions a quarter, had no direction, and whose iCEO felt so strongly about its future that he sold every share of stock he gained in the buyout of his old company the first second he was able to.

  1. SockRolid

    Forum Regular

    Joined: Jan 2010

    +1

    Google on the way down

    Distorted search results for Google+, pay-for-placement ads, invasive "privacy policies," $12.5 billion wasted on Motorola Mobility, and increasing spamminess will all bring Google down a few notches next year. What other advertising companies are that high up in Fortune's Most Admired list? Not many, I'd guess.

  1. Bobfozz

    Fresh-Faced Recruit

    Joined: Jul 2008

    +2

    FORTUNE and others like them ...

    are a joke. Essentially THEY were the ones who were wondering how Apple would do... not the fans or users. And I disagree about Apple going to a desert isle and still raking it in. If they had elected to do that the Wall Street crowd would have flipped out, completely... no matter how the sales were. They (Wall Street) believe THEY tell the world what is what. Let's leave it at Apple has a done a great job, one which they are capable of. Cook is doing a great job but that didn't surprise me. Jobs PICKED him!

  1. testudo

    Forum Regular

    Joined: Aug 2001

    -1

    Re: Fortune and others...

    FORTUNE and others like them ...are a joke. Essentially THEY were the ones who were wondering how Apple would do... not the fans or users.

    But fans and users don't actually mean squat. Apple has had fans since the Mac was first released. That didn't seem to help them when they were bleeding money in the 90s, now did it? And every company has fans and believers. I'm sure the fans and believers of Google or Microsoft will have 'no doubts'. But that means nothing about them, right?

    And I disagree about Apple going to a desert isle and still raking it in. If they had elected to do that the Wall Street crowd would have flipped out, completely... no matter how the sales were.

    You missed the point. It wasn't apple going to a desert isle, it was tim cook going there. And Wall Street wouldn't have cared, because it isn't like they keep tabs on the location of CEOs or anything (otherwise we would have heard about Steve Jobs being 'missing' far sooner than we did).

  1. testudo

    Forum Regular

    Joined: Aug 2001

    -1

    Re: Google on the way down

    Distorted search results for Google+, pay-for-placement ads, invasive "privacy policies," $12.5 billion wasted on Motorola Mobility, and increasing spamminess will all bring Google down a few notches next year.

    No it won't, because you have no clue what this list is or means. Consider McDonalds is high on this list. As it Microsoft.

    This is all about profits and investing (the people 'admire' what the company is bringing in, not what the company is actually doing). Thus, as long as google rakes in cash, they'll be admired.

    What other advertising companies are that high up in Fortune's Most Admired list? Not many, I'd guess.

    Well, you could just look. Or you could also realize they aren't listed as an advertising company, but an internet services company (which is what they are), along with Amazon and eBay.

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