Tech major Apple, which topped the list, “is a company that has faced setbacks before and bounced back to become the world’s most valuable brand — worth $ 57.4 billion,” Forbes noted. The magazine further said, “Apple shows just how a brand can survive and thrive even when a parent company stumbles. Apple’s sales in the late 1990s plummeted 46 per cent over a four-year stretch while the company lost money seven times over eight quarters.”
Interestingly, tech brands occupied four of the first five places in the rankings and claimed 30 per cent of the top 50 brands. Financial services and food and beverage firms each captured six spots.
Tech major Apple, which topped the list, was followed by software major Microsoft with a brand value of $56.6 billion.Beverages firm, Coca Cola was third at $55.4 billion, followed by technology giant IBM, now worth $43 billion. Search engine Google was fifth in the ranking with $39.7 billion.
Other companies featuring in the top 10 include US-based McDonald's, General Electric, Marlboro and Intel and Finnish handset maker Nokia at the tenth spot..
"The brands on our list fared a little better, with sales on average flat in 2009. Some brands were hit hard by the economic downturn as well as their own missteps," the Forbes noted.Toyota, Vodafone, Pepsi, Nescafe, Frito-Lay, ESPN and Gucci were the other brands in the top 50 list.
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