The Myeongdong Apple Store in Seoul, South Korea. Apple was able to thrive even during the pandemic, launching products and expanding its services portfolio. Bloomberg
The Myeongdong Apple Store in Seoul, South Korea. Apple was able to thrive even during the pandemic, launching products and expanding its services portfolio. Bloomberg
The Myeongdong Apple Store in Seoul, South Korea. Apple was able to thrive even during the pandemic, launching products and expanding its services portfolio. Bloomberg
The Myeongdong Apple Store in Seoul, South Korea. Apple was able to thrive even during the pandemic, launching products and expanding its services portfolio. Bloomberg

Apple tops list of world's best brands for 10th year in a row


Alvin R Cabral
  • English
  • Arabic

Apple has topped an index of the world's best brands for the 10th year in a row, leading a band of technology companies on top of a list that shows how dominant the sector has become over the past decade, according to consultancy Interbrand.

The iPhone maker is the world's most valuable company with a market capitalisation of about $2.2 trillion. Its brand value rose 18 per cent to $482.2 billion from $408.3bn a year ago, New York-based Interbrand said in its ranking of 100 companies.

The top five brands all belong to the technology industry. US software company Microsoft climbed one place to second as its brand value surged 32 per cent — the best in this year's rankings — to $278.3bn, overtaking Amazon, the world's biggest online marketplace, which slipped to third as its brand value increased 10 per cent to $274.8bn.

Internet company Google and Samsung Electronics, the world's biggest mobile phone manufacturer, retained their spots at fourth and fifth, respectively. California-based Google's brand value jumped 28 per cent year-on-year to $251.6bn, while Seoul-based Samsung posted a 17 per cent annual growth to $87.7bn.

“Humanity will advance more in the next 50 years than it has in all of history — a shift driven largely by technology. This acceleration will fundamentally shift how we engage with each other, with business and with the world at large,” Gonzalo Brujó, global chief executive of Interbrand, said in the report.

Toyota, Coca-Cola, Mercedes-Benz, Disney and Nike rounded out the top 10, all maintaining their same ranks from 2021 and with a combined brand value of about $274bn — which is still short of the value of each of the top three.

However, the top 10 can be considered a “super league”, as their business models have been built on a “foundation of exceptional experiences and strong integrity”, Interbrand said.

“These companies can move in multiple directions, growing their share in customers’ lives, along with their brand value and market cap,” it said. The top five brands on the list have a combined market cap of almost $6.2tn as of Saturday, according to market data.

The technology sector has emerged as some of the best-performing stocks over the past years, as demand for consumer electronics and services has grown exponentially, especially with the introduction of products and smart technologies.

Cupertino-based Apple, in particular, has thrived, even during the coronavirus pandemic, being able to carry on with product launches — most notably its flagship iPhone, iPads and Mac computers — and expand the scope of its services — which has become a vital cog of its business — despite extremely tight market conditions as a result of the global health crisis.

That resulted in several quarterly earnings records for the company over the past couple of years, which helped the company hit the $3tn market cap level in January.

Brand Finance, a London-based consultancy, has also ranked Apple as the world's most valuable brand, with a value of $355.1bn.

Technology stocks, however, have underperformed in 2022, baffling analysts as to how companies that are supposed to be the pillars of a global economy that is increasingly being digitalised can quickly fall out of favour.

In late October, shares in megacaps Microsoft, Google parent Alphabet, Amazon and Facebook owner Meta Platforms tumbled after reporting their third-quarter earnings, wiping out $477bn in combined market value in the trading session after the results. Apple was the only stock to gain at the time.

The sector is battling a number of challenges, including supply issues, rising currencies, high inflation and an uncertain economic future. Lately, this has prompted technology companies to reconsider their strategies and even cut staff — Apple being no exception.

Humanity will advance more in the next 50 years than it has in all of history — a shift driven largely by technology. This acceleration will fundamentally shift how we engage with each other, with business and with the world at large
Gonzalo Brujó,
global chief executive of Interbrand

Nevertheless, the top brands are forecast to continue their upwards pace, as the leaders of these “super brands” understand how, where and when to deploy their brand as an asset against emerging customer needs in perpetually-changing landscape, Interbrand said.

“The brand is a vehicle through which the business is able to address a range of different customer needs, through an extended portfolio of differentiated products and services. These companies leverage the utility in their brand to drive exponential growth,” it said.

“Brands have never had as much power and responsibility, and on such a scale.”

The cumulative value of the top 10 brands on Interbrand's list is at $1.65tn, which is greater than the combined value of the next 90 companies, which is at $1.44tn. Overall, aggregate value of the 100 brands exceeded $3tn for the first time.

Microsoft's 32 per cent rise is tied with Tesla, the world's biggest electric vehicle maker, and French luxury fashion house Chanel. In terms of rankings, US payments company MasterCard climbed the most, rising nine spots to 41st.

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

MATCH INFO

Champions League quarter-final, first leg

Tottenham Hotspur v Manchester City, Tuesday, 11pm (UAE)

Matches can be watched on BeIN Sports

Trump v Khan

2016: Feud begins after Khan criticised Trump’s proposed Muslim travel ban to US

2017: Trump criticises Khan’s ‘no reason to be alarmed’ response to London Bridge terror attacks

2019: Trump calls Khan a “stone cold loser” before first state visit

2019: Trump tweets about “Khan’s Londonistan”, calling him “a national disgrace”

2022:  Khan’s office attributes rise in Islamophobic abuse against the major to hostility stoked during Trump’s presidency

July 2025 During a golfing trip to Scotland, Trump calls Khan “a nasty person”

Sept 2025 Trump blames Khan for London’s “stabbings and the dirt and the filth”.

Dec 2025 Trump suggests migrants got Khan elected, calls him a “horrible, vicious, disgusting mayor”

Tax authority targets shisha levy evasion

The Federal Tax Authority will track shisha imports with electronic markers to protect customers and ensure levies have been paid.

Khalid Ali Al Bustani, director of the tax authority, on Sunday said the move is to "prevent tax evasion and support the authority’s tax collection efforts".

The scheme’s first phase, which came into effect on 1st January, 2019, covers all types of imported and domestically produced and distributed cigarettes. As of May 1, importing any type of cigarettes without the digital marks will be prohibited.

He said the latest phase will see imported and locally produced shisha tobacco tracked by the final quarter of this year.

"The FTA also maintains ongoing communication with concerned companies, to help them adapt their systems to meet our requirements and coordinate between all parties involved," he said.

As with cigarettes, shisha was hit with a 100 per cent tax in October 2017, though manufacturers and cafes absorbed some of the costs to prevent prices doubling.

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Classification of skills

A worker is categorised as skilled by the MOHRE based on nine levels given in the International Standard Classification of Occupations (ISCO) issued by the International Labour Organisation. 

A skilled worker would be someone at a professional level (levels 1 – 5) which includes managers, professionals, technicians and associate professionals, clerical support workers, and service and sales workers.

The worker must also have an attested educational certificate higher than secondary or an equivalent certification, and earn a monthly salary of at least Dh4,000. 

Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

UK’s AI plan
  • AI ambassadors such as MIT economist Simon Johnson, Monzo cofounder Tom Blomfield and Google DeepMind’s Raia Hadsell
  • £10bn AI growth zone in South Wales to create 5,000 jobs
  • £100m of government support for startups building AI hardware products
  • £250m to train new AI models
How it works

Booklava works on a subscription model. On signing up you receive a free book as part of a 30-day-trial period, after which you pay US$9.99 (Dh36.70) per month to gain access to a library of books and discounts of up to 30 per cent on selected titles. You can cancel your subscription at any time. For more details go to www.booklava.com

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COMPANY%20PROFILE
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The specs: 2018 Nissan 370Z Nismo

The specs: 2018 Nissan 370Z Nismo
Price, base / as tested: Dh182,178
Engine: 3.7-litre V6
Power: 350hp @ 7,400rpm
Torque: 374Nm @ 5,200rpm
Transmission: Seven-speed automatic
​​​​​​​Fuel consumption, combined: 10.5L / 100km

The specs

Engine: 4.0-litre, twin-turbocharged V8

Transmission: nine-speed automatic

Power: 630bhp

Torque: 900Nm

Price: Dh810,000

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Company: Instabug

Founded: 2013

Based: Egypt, Cairo

Sector: IT

Employees: 100

Stage: Series A

Investors: Flat6Labs, Accel, Y Combinator and angel investors

MATCH INFO

Chelsea 3 (Abraham 11', 17', 74')

Luton Town 1 (Clark 30')

Man of the match Abraham (Chelsea)

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2025 Fifa Club World Cup groups

Group A: Palmeiras, Porto, Al Ahly, Inter Miami.

Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.

Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.

Group D: Flamengo, ES Tunis, Chelsea, Leon.

Group E: River Plate, Urawa, Monterrey, Inter Milan.

Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.

Group G: Manchester City, Wydad, Al Ain, Juventus.

Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.

Brief scores:

Newcastle United 1

Perez 23'

Wolverhampton Rovers 2

Jota 17', Doherty 90' 4

Red cards: Yedlin 57'

Man of the Match: Diogo Jota (Wolves)

The biog:

From: Wimbledon, London, UK

Education: Medical doctor

Hobbies: Travelling, meeting new people and cultures 

Favourite animals: All of them 

The five pillars of Islam

1. Fasting

2. Prayer

3. Hajj

4. Shahada

5. Zakat 

if you go

The flights 

Etihad and Emirates fly direct to Kolkata from Dh1,504 and Dh1,450 return including taxes, respectively. The flight takes four hours 30 minutes outbound and 5 hours 30 minute returning. 

The trains

Numerous trains link Kolkata and Murshidabad but the daily early morning Hazarduari Express (3’ 52”) is the fastest and most convenient; this service also stops in Plassey. The return train departs Murshidabad late afternoon. Though just about feasible as a day trip, staying overnight is recommended.

The hotels

Mursidabad’s hotels are less than modest but Berhampore, 11km south, offers more accommodation and facilities (and the Hazarduari Express also pauses here). Try Hotel The Fame, with an array of rooms from doubles at Rs1,596/Dh90 to a ‘grand presidential suite’ at Rs7,854/Dh443.

UAE currency: the story behind the money in your pockets
Updated: May 15, 2023, 3:22 PM