Apple named ‘World’s Most Admired Company’

Fortune on Thursday published its list of the “World’s Most Admired Companies” and as expected, Apple came in on top. “To say it was another big year for Apple would be a gross understatement,” the publication stated. “With the passing of Steve Jobs, questions swirled around the company’s future. But under new CEO Tim Cook’s guidance, Apple continues to prosper.” The Cupertino-based company is coming off its best quarter of all time, which boosted its market cap to over $500 billion, making it the most valuable company in the world. Rounding out the top-10 were Google, Amazon, Coca-Cola, IBM, FedEx, Berkshire Hathaway, Starbucks, Procter & Gamble and Southwest Airlines. Apple’s 2012 ranking marked the fifth consecutive year that the company has topped Fortune’s list.

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