Fortune Names Apple as the Most Admired Company for Tenth Year in a Row as Samsung Drops Out
Fortune announced its annual World’s Most Admired Companies list, as Cupertino-based tech firm, Apple Inc. emerged winner/topped for the tenth year in a row. Samsung, on other hand, has not made the list which seems to have been the result of the Galaxy Note 7 fiasco that rocked the company last year.
The new list from Fortune includes some of the big names from technology industry including Amazon that took the second spot this year following their third position last year, Google’s parent company Alphabet came sixth dropping for the second position last year, while Facebook and Microsoft came at eighth and ninth spots respectively. Both companies made a good change from last year where; Facebook was ranked in the 14th position and Microsoft in the 17th spot.
Samsung seen-no-where
Following its 35th position in the world’s most admired company, this year saw the South Korean based smartphone makers; Samsung Group no where on the list, as it is completely absent. The reason might be because of its Galaxy Note 7 flagship fires that forced the South Korean to stop the production of the phablet.
According to NDTV news, Fortune collected data from roughly 3,800 participants from executives, directors, analysts, and experts from the industry.
“We began with a universe of about 1,500 candidates: the 1,000 largest US companies ranked by revenue, along with non-US companies in Fortune’s Global 500 database that have revenues of USD 10 billion or more,” the publication said.
