Apple Named 'World's Most Admired Company' for 12th Year in a Row

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Despite its recent financial stumble, Apple has topped Fortune's annual ranking of the World's Most Admired Companies for the 12th consecutive year.


Apple finished ahead of Amazon, the runner-up for a third consecutive year, while Warren Buffett's holding company Berkshire Hathaway, The Walt Disney Company, and coffee chain Starbucks rounded off the top five. Apple rivals Microsoft, Google, and Samsung ranked 6th, 7th, and 50th respectively.

Apple topped the list in every category, such as innovation, quality of management, social responsibility, use of corporate assets, financial soundness, quality of products and services, and global competitiveness.

The rankings were determined by "some 3,750 executives, analysts, directors, and experts" who selected the 10 companies they admired most:

As we have in the past, Fortune collaborated with our partner Korn Ferry on this survey of corporate reputations. […]

To select our 50 All-Stars, Korn Ferry asked 3,750 executives, directors, and securities analysts who had responded to the industry surveys to select the 10 companies they admired most. They chose from a list made up of the companies that ranked in the top 25% in last year’s surveys, plus those that finished in the top 20% of their industry. Anyone could vote for any company in any industry.

Fortune also asked its respondents to weigh in on the reputations of the executives who lead these top companies, with 79 respondents calling Apple CEO Tim Cook "underrated" and 183 calling him "overrated."


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iPhone Assembler Foxconn Looks to India to Diversify Supply Chain Away From China

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A larger portion of the world's iPhones could one day be manufactured in India, if a new report by the Wall Street Journal proves accurate.

According to Tuesday's report, Apple's main iPhone assembler Foxconn is considering building production plants in India as a way to diversify its supply chain away from China, where most of the Taiwan-based firm's facilities currently reside.

Executives at Foxconn, a contract manufacturer that assembles a large portion of the world’s iPhones in China, are studying whether to include an India project in budget plans, one of the people said. Senior executives, possibly including Chairman Terry Gou, plan to visit India after next month’s Lunar New Year to discuss plans, the people familiar said.

Apple currently manufactures most of its iPhones through Foxconn, but the latter's potential new project in India smacks of Apple's vulnerability to rising U.S.-China tensions over trade and technology. Both Apple and Foxconn declined to comment on today's report, but it is thought that manufacturing iPhones in India could help Apple lower prices by allowing it to avoid a tariff that adds 20 percent to devices imported from China.

Foxconn already has plants in India, and late last year it was reported that the firm would invest around $356 million to expand its facilities there to begin assembling Apple's high-end iPhones. Wistron assembles iPhone SE and iPhone 6s models in India exclusively for the Indian market, but the report didn't say whether the high-end iPhones assembled by Foxconn would be sold in the country or elsewhere in the world.

Earlier this year, Apple revamped its India strategy in order to stay afloat in the country's smartphone market. This revamped strategy includes better and longer-lasting retail deals with higher sales targets, the debut of official Apple retail stores in India, an overhaul of the company's relationship with independent retailers.

Just one in four Indians own a smartphone, providing Apple with an opportunity to sell iPhones to millions of new customers in the country. However, Apple is said to have seen little success so far, with Apple's market share in the country dropping to about one percent in 2018, from about two percent the previous year.

Tags: Foxconn, India

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Pixelmator Pro Gains Clipping Masks, Layer Improvements and More

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Popular photo editing and art creation software Pixelmator Pro received a major update today, adding a number of new and improved features.

Pixelmator Pro 1.3 "Prism" introduces layer color tags, layer filtering and search, support for clipping masks, and quick opacity and blending controls located in the Layers side bar.


With the color tags feature, Pixelmator Pro users can better organize their layers, while the filtering features make it possible to filter out layers based on layer type or color tag.

Finding objects is easy in layer-heavy creations with the new search feature, and with clipping masks, you can clip the contents of one layer to the outline of another. Clipping masks are designed to let digital artists create better masks with the existing objects in a design.

Clipping masks can be created from any layer, including text, images, layer groups, and nested shapes. The update also includes additional bug fixes and improvements, such as better support for exporting Photoshop documents and an improved nondestructive editing workflow.

Pixelmator Pro can be downloaded from the Mac App Store for $39.99. The update is free for existing users. [Direct Link]

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