Apple surpasses Amazon as world's most valuable brand - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 51%

Canada News News

Apple now has the most valuable brand in the world at more than $260 billion, surpassing Amazon and Google

Five years ago, the iPhone accounted for two-thirds of Apple's sales, but in 2020 it accounted for just half. With regard to the Apple brand's growth and diversification, Brand Finance Chief Executive David High said, "We are witnessing it think different once again. From Mac to iPod, to iPhone, to iPad, to Apple Watch, to subscription services, to infinity and beyond."

The tech giant is slated to report its first quarter earnings Wednesday after the market close, and analysts are expecting revenues tofor the first time in its history, with strong iPhone 12 sales to thank. After the company passed a record $2 trillion market capitalization in August, analysts are predicting the $3 trillion mark is within reach in the next 12 months.

Amazon, which now ranks second according to the report, is now valued at $254.2 billion. The 15% increase came as the company largely benefited from sales boosted by the COVID-19 pandemic as consumers stayed at home and shopped online. Google is ranked third, as it faced its first-ever revenue decline during the pandemic.

Tesla, meanwhile, took the top spot as the fastest-growing brand in the world. As other automakers struggled last year, Tesla

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Apple and other big tech companies are making millions at the expense of our country. They provide the platform for criminals like Steve Bannon to incite violence, even attack the US Capitol. Bannon, who would likely be going to prison if not for a trump pardon, will not stop.

Just listened to a very disturbing news story. Apparently, Apple is giving Steve Bannon a platform to promote violence. His rhetoric was very clear to attack the Capitol. I recently purchased an iPhone. Rest assured, it's my last. I can't support violence.

wow

U forget about Saudi Aramco

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in CA

Canada Canada Latest News, Canada Canada Headlines