We all want a bite out of Apple, according to a report valuing global brands out Tuesday.
The maker of the popular iPhone, iPad2, music players and computers was one of the biggest gainers in an annual marketing industry report on the top 100 global brands, jumping to No. 8 from No. 17, despite news that Chief Executive Steve Jobs is stepping down.
“It isn’t just the fact they make pretty products,” said Jez Frampton, CEO of Interbrand. “They’ve created an entire lifestyle and way of living.”
Interbrand ranks companies by the amount of profit they make that is attributable to the strength of their brands. It uses a formula that combines the brand’s future strength and its role in creating demand, among other factors.
The value of Apple’s brand jumped this year due to the company’s success in establishing itself as the dominant player in the tablet market with its iPad, Frampton said.
“Looking at global intentions to purchase tablets, 85% of people considering a tablet say they want to buy an iPad,” Frampton said. “There isn’t a single other competitor above 5%.”
Coca-Cola took the top spot for the 12th year in a row. The soda maker’s branding strength lies in the way its brand image permeates everything from its advertising and communications to its organizational culture, Frampton said.
Overall, tech brands dominated the list. PC maker IBM was number two, mainly because of its business-to-business branding efforts. Microsoft, Google, Intel and Hewlett-Packard all also ranked in the top 10.
Two Canadian companies made Interbrand’s Top 100. Thompson Reuters gained two spots to reach No. 37 on the list. The report said the brand has done a good job aligning its business and brand strategies since rebranding in 2008, but the diversity of its product offerings “proves to be its greatest challenge, as consistent and compelling branding for such a global and complex company can be difficult.”
Blackberry maker Research In Motion fell two spots to No. 56. The report notes that its products are still “the corporate standard” in wireless, but that it is suffering after underestimating the “consumer explosion in smartphones,” a market in which it is now playing catch-up.
One of the biggest decliners was Nokia, which fell to 14th place from eighth. The Finnish cellphone maker, which once dominated the European cellphone market, has been cutting jobs and downsizing as it faces stiff smartphone competition from Apple, Research in Motion and others.
HTC, a Taiwanese cellphone maker, on the other hand, jumped onto the list at No. 98. It was the first time a Taiwanese company has made it into the top 100, Frampton said. The company makes smartphones including the HTC Evo that run on Google Inc.’s Android operating system.
Top Ten Brands in 2011
To see the full list, click here.