Apple is among the world’s top ten most-admired companies, according to Fortune Magazine.
Strong iPod sales means the company has qualified for the list for the first time, showing up in ninth place globally.
“Globally, innovation proved the key to success, with Apple’s iPod revenue launching the computer company straight into ninth place,” the report states.
Tesco is the highest ranking UK firm in Fortune’s World’s Most Admired Companies list for 2006, with J. Sainbury in third place. BP is the second most admired UK company.
Global management consultancy Hay Group has carried out the World’s Most Admired Companies research for Fortune magazine annually since 1997. This year’s survey was conducted among over 8,600 senior executives and business analysts in 23 countries.
“Apple Computer has never previously featured in the World’s Most Admired Companies list, but the spectacular performance of the iPod boosted revenue enough to meet the criteria for consideration - and catapulted the company into the top ten, at ninth place. Apple also topped the list of the World’s Most Admired Innovators,” Hays Group said.
Similarly, the Prius, the world’s best-selling hybrid car, elevated Toyota from fifth to second place. Matt Crosby, senior consultant, Hay Group, said: “Globally, Toyota and Apple are the success stories of 2006. Both have delivered strong sales performance in industries where competitors have struggled, thanks to innovative new products which have become world leaders.”