A new survey on the value of brands has placed Apple as the world’s most valuable brand, ending Google’s four-year reign at the top of the list. The ‘Brandz’ survey, done by global brands agency Millward Brown, found that the Apple brand is worth an estimated $153 billion, which was an 84% increase from last years survey.
Global brands director of Millward Brown, Peter Walshe, said that Apple’s pointed to a number of factors that has led to Apple’s rapid rise in brand valuation. He said that their meticulous attention detail and presence in corporate environment were two of the reasons that they have behaved differently to other consumer electronics manufacturers and went on to say:
Apple is breaking the rules in terms of its pricing model. It’s doing what luxury brands do, where the higher price the brand is, the more it seems to underpin and reinforce the desire. Obviously, it has to be allied to great products and a great experience, and Apple has nurtured that.
Technology and telecommunications companies generally dominated the list, with Apple (1), Google (2), IBM (3), Microsoft (5), AT&T (7) and China Mobile (9) holding six of the top 10 spots, sharing it with the old-heavyweight brands of Coca-Cola (6) and McDonalds (4). Meanwhile Facebook entered the top 100 at number 35 this year, with a valuation of $19.1 billion.
The survey is done by Millward Brown essentially observing the value that the companies put on their own brands in their earnings reports and analysing it in conjunction with the results of a survey of more than 2 million consumers.