Apple Tops Fortune's List of World's Most Admired Companies for 11th Consecutive Year

[EdT]

Yep, the executives of Apple are to be admired for giving bonuses to their accountants and lawyers for figuring out ways not to pay taxes in the country they are based in. They receive all the massive benefits of living in the United States but they don't want to pay taxes that fund those benefits and services. And of course those executives report that will increase corporate profits and then expect bonuses for themselves.

If that’s your complaint then every
Fortune 500 company and every bank, credit, and financial institution with more than 2-3000 customers should also be on your hate list.

 

[s15119]

And maybe for the last time.

DOOM! DOOM! DOOM!

Ridiculous nonsense.
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Admired for what? Their throttling? Or their broken iOS 11 or root password bugs in Sierra? Or is it the $500 back glass repair?

For pissing you off.

 

[Naraxus]

Nope. Only to the people who've made their life's mission to rag on Apple everyday. And, certainly not many of the 217 million people who bought phones from Apple last year!

It's great watching the few that get frothed up with a case of the shakes attempting to deflect every time Apple receives even a tiny bit of good news. Something you can count on, like the Earth turning into the Sun's rays every morning.

Not frothy one bit. Just pointing out the lack of integrity & outright hypocrisy people such as yourself have making excuses for Apple's shady and illegal business practices.

 

[s15119]

sounds almost as if you really believed that!

It's a provable fact.

 

[deanthedev]

My example came from 2007, not 200 years ago, and wasn't adjusted for eleven years so I guess if it was adjusted it would be more than a trillion dollars is worth now. I'm not unhappy Apple were in the running to be the first trillion dollar company I'm unhappy that people think that they still could be.

Wait, you're actually unhappy about what other people think?

 

[ani4ani]

I keep hearing "world's first trillion dollar company" here but

http://fortune.com/2017/11/08/apple-stock-amazon-trillion-aapl-iphone-x/

says that race was won in 2007 by oil and gas producer PetroChina; granted they didn't stay there but don't be fast and loose with "world's first".

When Saudi Aramco float [likely in 2018], that is expected to be floated is thought to be valued at $1.5-2.0Tn

EDIT - sorry saw that it was in your article [I think they are only floating 10% also?]

 

[citysnaps]

Not frothy one bit. Just pointing out the lack of integrity & outright hypocrisy people such as yourself have making excuses for Apple's shady and illegal business practices.

Just pointing out lack of integrity and hypocrisy and making excuses? Really. No excuses made here. Stop deflecting because others are not in total lockstep with your views. It's clear you're not happy with Apple and it's your life's mission to rag on the company. Every single day.

 

[Chupa Chupa]

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I am free to believe what I like, all I did was report on something that actually happened, yet it seems some people are all worked-up wanting to believe something that may or may not come to pass. Why I don't know, what it justifies in their believes and purchase decisions who knows. I hope they're happy when they finally get the only news they want to hear.

I don't know who is getting worked up about it. Certainly not me. My mention of it in this thread was tongue and cheek. I don't recall noting it elsewhere before.

But if it comes to pass it is a remarkable story about a company once on the verge of Chapter 7 bankruptcy, and doubted many times by noted industry leaders during its resurgence, to becoming the biggest market cap company in history. It says if you have great ideas that some don't understand forget the doubters and forge on. They'll understand soon enough. A modern day The Tortoise and the Hare of sorts.

 

[macsforever]

"3,900 executives, directors, and securities analysts"...that explains it. They wish their company could make money hand-over-fist by selling mediocre product at profit margins most companies can only dream of.

Don’t buy it... it’s that easy! But then there’s 10 who will fill that gap!
Just like ants... you may kill the ones you see but it’s the ones you can’t you’ll never have any effect on ha ha...

 

[Baymowe335]

And maybe for the last time.

You and the other pitchforkers would just love that, wouldn't yet? Guess what? Not going to happen because of a silly class action.
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My point is it doesn't matter how it happened or what slight of hand was at play to make it happen it happened. Like it or not, moan why it wasn't, and present arguments against the case, it happened. Now, people may be looking for a legitimate case of the first sustainable world's first trillion dollar company and good for them but let's not pretend something that happened didn't happen because, well I guess we can't gloat about that.

It doesn't matter either way. A trillion is just a number and I don't care if Apple stays the same size forever. If they keep buying back shares, EPS keeps going up and valuation can remain flat.

 

[Defthand]

The rankings were determined by some 3,900 executives, directors, and securities analysts who selected the 10 companies they admired most.

I’m more impressed by a company’s reputation with its customers.

Secondly, business leaders and investors don’t admire a company’s ethos. They envy a company’s financial success.

 

[DEMinSoCAL]

Yes. Apple products are all mediocre. I can think of no explanation for Apple’s runaway success other than that their millions and millions of customers must all be deluded.

"millions and millions of customers"? Is that all it takes to make for the runaway success of a company. That's just about every big company. The point is, modern day Apple products are mediocre. What's affordable isn't bleeding edge (Macbook) and what is bleeding edge isn't affordable (iMac Pro). Many products sit idle with no real improvements or just never get updated again and disappear (Mac Mini/ Mac Pro). Their cash cow, iPhone, really hasn't had any substantial innovation in years (more glass isn't innovation and a new way to unlock my phone doesn't rank high on my productivity list). iOS 11 is terribly buggy. The list goes on.

So, is it popular? Yes. Is it mediocre? I think so. As much as I want to, I find no reason to want to wander into an Apple Store to look at anything (maybe the iMac Pro, except for I could never pay for one). It didn't used to be that way.

 

[santaliqueur]

I'd admire them a lot more if they narrowed their profit margin, made their Macs upgradeable, bundled premium accessories with their premium products and used decent batteries in their phones.

But unfortunately it's not about admiration, it's about $$$$$$

Yeah imagine where they would be on the list if they had YOUR vote!

 

[Naraxus]

Just pointing out lack of integrity and hypocrisy and making excuses? Really. No excuses made here. Stop deflecting because others are not in total lockstep with your views. It's clear you're not happy with Apple and it's your life's mission to rag on the company. Every single day.

It's hardly deflecting. I give credit when Apple deserves it and not blindly praise them like many here do. Apple is guilty of a laundry list of things that I (and others) could and have listed that you and others have summarily dismissed. Planned obsolescence, tax evasion, poor labor conditions, buggy software, and in this most recent episode, lying to customers about their phones slowing down. Apple deserves scorn, not praise currently.

 

[Kabeyun]

"millions and millions of customers"? Is that all it takes to make for the runaway success of a company. That's just about every big company. The point is, modern day Apple products are mediocre. What's affordable isn't bleeding edge (Macbook) and what is bleeding edge isn't affordable (iMac Pro). Many products sit idle with no real improvements or just never get updated again and disappear (Mac Mini/ Mac Pro). Their cash cow, iPhone, really hasn't had any substantial innovation in years (more glass isn't innovation and a new way to unlock my phone doesn't rank high on my productivity list). iOS 11 is terribly buggy. The list goes on.

So, is it popular? Yes. Is it mediocre? I think so. As much as I want to, I find no reason to want to wander into an Apple Store to look at anything (maybe the iMac Pro, except for I could never pay for one). It didn't used to be that way.

So a gizmo is either “bleeding edge” or mediocre. Interesting opinion. Just don’t confuse it for fact.

 

[simonmet]

Only thing I have to say is why should I care about what those magazine editors think.

Yeah exactly!

 

[ackmondual]

It's like watching a game show and seeing someone win $10K to $78K in cash and/or prizes. There's nothing in it for me no matter how much a company makes, or what their Fortune list rankings are.

 

[patent10021]

Move along people. Nothing to see but coat-tails.

 

[I7guy]

It's like watching a game show and seeing someone win $10K to $78K in cash and/or prizes. There's nothing in it for me no matter how much a company makes, or what their Fortune list rankings are.

Quoted for truth. It’s like that for every single award that comes out for products or services, especially after you’ve already bought it and then found out it won an award.

Doesn’t change my life one iota, except for a feeling of validation.