Apple Inc, Alphabet Inc’s Google and Coca-Cola Co topped the list of the world’s 100 most valuable brands in 2016, while technology and automotive brands dominated the overall rankings, according to a new report from brand consultancy Interbrand.
Microsoft Corp, Toyota Motor Corp, IBM Corp, Samsung Electronics Co Ltd, Amazon.com Inc, Mercedes-Benz and General Electric Co were also on the Top 10 list, according to Interbrand’s 2016 Best Global Brands report, reports Aljazeera.
Social network Facebook Inc, e-commerce giant Amazon and toy company Lego were the top growing brands. This year, technology and automotive took 29 of 100 rankings on the annual list. The report ranks brands based on financial performance, its influence on customers and its power to command a premium price or drive company sales.
Apple staff are silhouetted through the glass front of Australia’s flagship store in the minutes leading up to the first sale of the iPhone 7 and Apple Watch Series 2 in Sydney
Apple’s brand value rose 5 percent from a year ago to $178 billion and Google’s brand value was up 11 percent from a year ago to $133 billion, according to the report.
Apple, Google, and Coca-Cola are the most valuable brands as “their finances are strong, their brand is a powerful driver of choice and they are very strong compared to competitors,” Jez Frampton, Interbrand’s global chief executive officer, said.
Hitting the Top 100 for the first time, French fashion brand Dior and Silicon Valley automaker Tesla Motors Inc at Nos. 89 and 100 respectively. Hugo Boss, Chevrolet, and Kleenex dropped off the list, the report said.