Published January 17,2024
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Apple ranked first on Brand Finance‘s 25 Most Valuable Brands checklist, with its worth reaching $516.6 billion, retaking the throne from Amazon.
The main valuation group launched its Global 500 report on Wednesday, that includes Apple because the world’s most useful model in 2024, as its worth jumped 74% year-on-year.
The iPhone-maker was adopted by US tech large Microsoft with a model worth of $340.4 billion, and Google with $333.4 billion.
As for Amazon, the e-commerce large fell to fourth place with $308.9 billion.
The social media manufacturers of China-based TikTok and US-based Facebook ranked fifth and sixth, with $84.2 billion and $75.7 billion, respectively.
German-based telecom group Deutsche Telekom, referred to as “Europe’s most valuable brand” by the report, ranked ninth globally with a $73.3 billion model worth.
Chinese financial institution ICBC rounded out the highest 10 with $71.8 billion.
Muhterem Ilguner, Brand Finance’s managing director for Türkiye, advised Anadolu that the rise in Apple’s model worth was achieved by increasing its ecosystem by way of new wearables and advance within the iPhone line.
Ilguner highlighted US-based chipmaker Nvidia for its AI efforts and investments, as its model worth shot up 163% to $44.5 billion, making it the model with essentially the most progress.
He stated that with excessive inflation and the rising value of residing, informal spending is restricted, so the worth of cosmetics and private care manufacturers fell 9%, together with meals manufacturers 15%, restaurant manufacturers 3%, and alcoholic beverage manufacturers 6%.
Source: www.anews.com.tr