Fortune called Apple the most admired company in the world for the fourth year in a row, topping the likes of Google, Berkshire Hathaway, Amazon.com and Microsoft.
“The company’s blistering pace of new product releases has continued to set the bar high for tech companies across the board,” the Fortune team said.
Apple: Fortune’s most admired company. Again.
Fortune pointed out that in addition to strong product releases the company is in a healthy financial position with continued profits each quarter. Apple’s most recent quarterly earnings report showed profits doubled year over year.
The launch of the iPad 2 on Wednesday will likely help boost profits for the current quarter, and seeing company CEO Steve Jobs on stage for media event introducing the multimedia tablet didn’t go unnoticed, too. Mr. Jobs is on medical leave from Apple, which raised questions as to whether or not he would make an appearance at the iPad 2 unveiling.
The remaining top five slots in Fortune’s annual most admired companies list included Google, Berkshire Hathaway, Southwest Airlines and Procter & Gamble.