Take that, Google: Apple now world’s most prized brand
Apple has overtaken Google as the world’s most-valuable brand, ending a four-year reign by the Internet search leader, according to a new study by global brands agency Millward Brown.
The iPhone- and iPad-maker’s brand is now worth $153 billion, almost half Apple’s market capitalization, says the annual BrandZ study of the world’s top 100 brands.
Apple’s portfolio of coveted consumer goods propelled it past Microsoft to become the world’s most valuable technology company last year.
Peter Walshe, global brands director of Millward Brown, says Apple’s meticulous attention to detail, along with an increasing presence of its gadgets in corporate environments, have allowed it to behave differently from other consumer-electronics makers.
“Apple is breaking the rules in terms of its pricing model,” he told Reuters. “It’s doing what luxury brands do, where the higher price the brand is, the more it seems to underpin and reinforce the desire.”
Facebook entered the top 100 at number 35 with a brand valued at $19.1 billion.