According to recent survey conducted by Fortune, Apple was the world’s most admired company, as noted by their polling of businesspeople. This is the fifth year in a row Apple has topped the list:
Why it’s admired:
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.
The company’s annual revenues climbed to $108 billion, led by an 81% increase in iPhone sales — a jump that doesn’t factor in the runaway success of the iPhone 4S — and a 334% spike in iPad sales, due in no small part to the revamped iPad 2. Increased sales across the board explain why shares soared 75% during the company’s fiscal year to $495.
Rounding out the top 5 was Google, Amazon, Coco Cola, and IBM. Samsung ranked 34th. With the iPad 3 set to debut next week, there’s no limit to how much bigger Apple will grow.