Despite the recent struggles, corporate executives still admire Apple

Despite the recent struggles, corporate executives still admire Apple
Apple might be having problems getting consumers to buy the 2018 iPhones, and AirPower is so late that it has set a company record for tardiness. The company is embroiled in multiple loud, public nasty court battles with Qualcomm, and the stock has taken a nose dive. But still, Apple is the Most Admired Company in the world, according to Fortune Magazine.

This is the 12th consecutive year that Apple has topped the list, even surpassing the 11 straight years that President Barack Obama has been the Most Admired Man. Checking out the rest of the list, Amazon is second with famed investor Warren Buffet's holding company Berkshire Hathaway in third place; while not really a technology company, the firm owns 5% of Apple.

Other tech names in the top 50 of Fortune's Most Admired Companies include Microsoft (#6), Google parent Alphabet (#7), Netflix (#8), Facebook (#44) and Samsung (#50-Tied). 3,750 executives were polled for the survey.

In a separate survey, those taking part were asked whether Apple CEO Tim Cook is overrated or underrated. 79 said that Cook does not get enough credit for the job he has done at Apple, while 183 said that he gets too much praise. Cook took over Apple in August 2011 following the sudden resignation of co-founder Steve Jobs due to health issues.

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13 Comments

1. osterrich21

Posts: 186; Member since: Apr 14, 2017

Admire before it goes bankrupt

3. Finalflash

Posts: 4063; Member since: Jul 23, 2013

It will be a while before any money issues. The company itself has done amazing things. Just the recent management being derivative and malicious that have sunk the company

8. domfonusr

Posts: 1083; Member since: Jan 17, 2014

They may have sold less iPhones this year, but just wait for the earnings report... chances are they will be laughing all the way to the bank. Besides, last I checked, Apple had over $200 billion in cash just sitting around in various places all over the world... I am sure they will be fine even with the market corrections and the decline of their stock these past few months. They are super shrewd over there in Cupertino...

11. mootu

Posts: 1495; Member since: Mar 16, 2017

"Besides, last I checked, Apple had over $200 billion in cash" Thats a fallicy, Tim Cook himself stated only a few weeks ago that they have $128 billion in cash. They may have over $200 billion in the bank but Apple has over $90 billion in debt. The reason for this is that companies in the US who retain a large debt pay lower taxes, so suprise suprise Apple has a large debt to keep it's taxes lower.

12. domfonusr

Posts: 1083; Member since: Jan 17, 2014

Even if that is true, and even if that is how they compute the official figures, $128 billion is still a ton of cash.

13. lyndon420

Posts: 6713; Member since: Jul 11, 2012

The shareholders will come knocking for that money by next year if things keep going the way they are for apple. 128 billion split amongst them won't look like much in the end.

10. cncrim

Posts: 1586; Member since: Aug 15, 2011

with that much ca$$$$$$$h in the bank, you will be very very old to care before it happen.

2. apple-rulz

Posts: 2002; Member since: Dec 27, 2016

Apple is an amazing (amazing, not perfect) company, and Tim Cook is a fantastic CEO.

4. darkkjedii

Posts: 30959; Member since: Feb 05, 2011

Apple just needs a shakeup. They are good company, but stop stiffing the customers. Give us more for our money.

7. maherk

Posts: 6767; Member since: Feb 10, 2012

They need a new CEO. Jobs was greedy, but he also made sure Apple give the costumers the best hardware out there. It was his vision that changed the industry, the iPhone during his final years had the best screen, best camera, and best design and build quality, and it wasn't even close. Now Tim Cook is considered only about how he can only milk his costumers, Steve would've never allowed Apple to release an iPhone with a 6 years old charging brick.

9. darkkjedii

Posts: 30959; Member since: Feb 05, 2011

Yep, Cook is a money man. He’s let stuff go, that Jobs would never have.

5. kennybenny

Posts: 212; Member since: Apr 10, 2017

To stop the decline, they must include a Fast charger in the box...... Even the low end Motorola phones have fast chargers in their packages. It's 2019 and a $1000 phone still doesn't come with a fast charger. Ridiculous!!!!

6. osterrich21

Posts: 186; Member since: Apr 14, 2017

Maybe they admire apple due the "revolutionaries inovations" what the enterprise brought. Or maybe solidarity. ..

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