Apple Again Named Most Admired Company
Fortune has released its annual list of the most admired companies in the world and yet again, Apple (NASDAQ:AAPL) is on top, beating out its peers to be named the most admired company for the seventh year in a row.
Fortune compiles the list by taking 1,000 companies in the U.S. ranked by revenue along with foreign companies that make $10 billion or more per year. The survey then takes the 15 largest in each international industry plus the 10 largest in each U.S. industry and ranks them based on nine different characteristics, including investment value and social responsibility. Analysts, executives, and others in each industry rate the companies based on those nine criteria, and from those ratings Fortune created lists of the most admired companies within 57 different industries. Once the different industry lists are compiled, the survey’s 3,290 respondents picked their most admired companies overall from a list of the top 25 percent from last year’s results and the top 20 percent of each industry list.
Apple is followed by competitors Amazon (NASDAQ:AMZN) and Google (NASDAQ:GOOG) in the second and third spots, respectively. The top three entries are the only tech companies in the top 10. Warren Buffett’s Berkshire Hathaway (NYSE:BRKA) took the fourth spot, followed by beverage makers Starbucks (NASDAQ:SBUX) and Coca-Cola (NYSE:KO) in five and six. Walt Disney Co. (NYSE:DIS), FedEx (NYSE:FDX), Southwest Airlines (NYSE:LUV), and General Electric (NYSE:GE) round out the top 10.
Other tech companies that made the list include International Business Machines (NYSE:IBM) at No. 16, Apple’s South Korean arch-enemy Samsung Electronics (SSNLF.PK) at 21, Microsoft (NASDAQ:MSFT) at 24, and Facebook (NASDAQ:FB) at 38.