“For the fourth straight year, Apple tops Fortune’s Most Admired list. The company’s blistering pace of new product releases has continued to set the bar high for tech companies across the board,” Shelley DuBois reports for Fortune.
“Apple took a stock hit when iconic CEO Steve Jobs announced in January that he’d be taking a second medical leave, two years after receiving a liver transplant during a six-month sabbatical,” DuBois reports. “But Jobs assured the market in the company’s recent earnings report that Apple was still ‘firing on all cylinders.'”
“It certainly appears to be. Apple nearly doubled its quarterly profits vs. a year ago,” DuBois reports. “The iPad 2 was introduced in March, marking the second generation of one of Apple’s milestone product successes. And Jobs made a surprise appearance at the launch.”
DuBois reports, “Another huge move by Apple was the announcement this January that the iPhone 4 would be available from Verizon, offering another option to consumers frustrated with dropped calls on AT&T.”
The Top 10:
3. Berkshire Hathaway
4. Southwest Airlines
5. Procter & Gamble
See the full list of 50 companies here.