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Apple Tops Fortune's List of World's Most Admired Companies for 11th Consecutive Year

Apple has topped Fortune's annual list of the World's Most Admired Companies for the 11th consecutive year. Apple finished ahead of Amazon, the runner-up for a second consecutive year, while Google's parent Alphabet, Warren Buffett's holding company Berkshire Hathaway, and coffee chain Starbucks rounded off the top five. Apple topped the list in every category, such as innovation, quality of management, social responsibility, use of corporate assets, financial soundness, quality of products and services, and global competitiveness. The rankings were determined by some 3,900 executives, directors, and securities analysts who selected the 10 companies they admired most. More on Fortune's methodology:As we have in the past, Fortune collaborated with our partner Korn Ferry on this survey of corporate reputations. We began with a universe of about 1,500 candidates: the 1,000 largest U.S. companies ranked by revenue, along with non-U.S. companies in Fortune's Global 500 database that have revenues of $10 billion or more. We then winnowed the assortment to the highest-revenue companies in each industry, a total of 680 in 29 countries. The top-rated companies were picked from that pool of 680; the executives who voted work at the companies in that group.The complete list includes 50 companies, ranging from other tech giants like Microsoft at 7th and Facebook at 12th to iconic brands like Coca-Cola at 18th and McDonald's at 37th. On the upside, both Adidas and Lockheed Martin made it onto the list for the first time. Meanwhile, GE plummeted from 7th to 30th. In terms

Angela Ahrendts Climbs to Thirteenth Spot in Fortune's 'Most Powerful Women' List for 2017

Apple's senior vice president of retail stores, Angela Ahrendts, has climbed to grab the 13th spot on Fortune's "Most Powerful Women" list for 2017. In 2015 Ahrendts took the 16th spot, and in 2016 she rose to the 14th spot. The top 5 women on the list this year are Sheryl Sandberg (Facebook COO, #5), Abigail Johnson (Fidelity Investments CEO, #4), Marillyn Hewson (Lockheed Martin President and CEO, #3), Indra Nooyi (PepsiCo CEO, #2), and Mary Barra (General Motors CEO, #1). Fortune's list includes a brief summary of Ahrendts' latest accomplishments at Apple: Since being persuaded by Tim Cook to join Apple in 2014 (she previously led British fashion brand Burberry), Ahrendts has been heads down on the tech behemoth’s largest store redesign in 15 years. In May the company launched its long-awaited “Today at Apple” initiative, which seeks to supplement public education through free courses on everything from coding to music production to photography. Apple’s highest-ranking woman, she oversees 60,000 retail employees and is responsible for the in-store experiences of a more than a million daily customers. Research firm eMarketer estimates that the combined revenue from in-store and online sales is nearly $50 billion. Ahrendts was the second executive after Cook—and the only woman—to take the stage at September’s keynote, where she spoke at length about Apple’s “town squares”—the new moniker for its retail stores. Ahrendts joined Apple from Burberry in the spring of 2014, when she said she'd bring a personal touch to Apple's retail management. Three years later she

Apple Tops 'World's Most Admired Companies' List for Tenth Year in a Row

Apple has been awarded the number one spot on Fortune's annual list of the "World's Most Admired Companies." The 2017 list marks Apple's tenth consecutive win as the most admired company in the world according to Fortune, which collected the data from 3,800 executives, analysts, directors, and industry experts to end up with the final ranking. After Apple, the top five slots are rounded out by Amazon, Starbucks, Berkshire Hathaway, and Disney. Last year, Alphabet ranked in second place but the company has fallen down to sixth in 2017. One of Apple's direct rivals in the hardware and software space, Microsoft, has been placed in the ninth spot in a tie with Facebook. Fortune ranks companies through a collection of "key attributes of reputation," including areas like innovation, people management, social responsibility, and quality of products/services. This year, however, Apple's industry rank wasn't reported "due to an insufficient response rate in the computer industry." Like in previous iterations, Fortune started the list by looking at a collection of the 1,000 largest U.S. companies ranked by revenue, along with 500 non-U.S. companies with revenue of $10 billion or more. The list was then further whittled down to 680 companies in 28 countries, and Fortune survey collaborator Korn Ferry Hay Group began asking the 3,800 experts to rank companies on the nine

Apple Rises to #3 in Annual Fortune 500 Rankings

Apple rose to 3rd place in the annual Fortune 500 list of the top U.S. corporations based on gross revenue, trailing behind only Walmart and Exxon Mobil. Apple's previous rankings include 5th place in 2015 and 2014, 6th place in 2013, 17th place in 2012, 35th place in 2011 and 56th place in 2010. Other notable carriers, technology companies, and Apple suppliers on the list include AT&T (10th), Verizon (13th), Amazon.com (18th), HP (20th), Microsoft (25th), IBM (31st), Alphabet (36th), Intel (51st), Cisco Systems (54th), Oracle (77th), Qualcomm (110th), Facebook (157th), and Broadcom (331st). Apple's profile highlighted the company's recent slowdown in iPhone and iPad sales, push into India, and the much-rumored Apple Car.After more than a decade of solid growth fueled first by the iPod music player and then by the even more popular iPhone, Apple finally appeared to hit a wall. Still the most profitable publicly-traded company in the world, Apple’s iPhone 6S and 6S Plus upgrades barely outsold their predecessors after arriving on the market at the end of 2015, while sales of the iPad tablet computer continued to shrink throughout the year. In April 2015, the Apple Watch arrived to mixed reviews and modest sales. And though debate raged for a bit about the state of Apple’s sales in China amid a slowing economy there — including an unusual August 2015 email from CEO Tim Cook to CNBC host Jim Cramer claiming no summer slowdown — the year ended on a weak note for the company in Asia. Lately, hopes have turned to the next iPhone upgrade cycle and a push to focus on

Apple Again Places #5 in Annual Fortune 500 Rankings

Fortune has released its annual Fortune 500 list of the top U.S. corporations based on gross revenue, which together accounted for $12.5 trillion in revenues, $945 billion in profits and $17 trillion in market value. Apple maintained the 5th spot in the rankings for the second consecutive year after steadily rising from 6th place in 2013, 17th place in 2012, 35th place in 2011 and 56th place in 2010. "After a bumpy start to 2014, Apple's stock finished the year up 40%, adding nearly $200 billion to the company's market value. A product pipeline that's gotten Apple fanboys lining up all over again has certainly helped reenergize revenue growth: In addition to unveiling new categories like Apple Pay and Apple Watch, the company launched the iPhone 6, selling a record-breaking 10 million units in the first three days. As CEO Tim Cook recently told investors: "It's tough to find something in the numbers not to like." The normally low-profile Cook is breaking new ground in other ways too—in October, 2014 he came out as the first openly gay CEO of a Fortune 500 company."Fortune identified fast-growing iPhone and Mac sales and brand power as two of the company's key strengths, while citing declining iPad sales and high expectations from investors and consumers as weaknesses. The publication believes Apple's much-rumored streaming TV service presents an opportunity for the company, while Android and Chinese smartphone manufacturers remain threats. Apple recorded operating revenue of $182.79 billion during the 2014 fiscal year, a 7% year-over-year increase. Walmart, Exxon