Tag Archives: Amazon.com

Apple is the #1 Most Admired Company!

How do you know that Apple is the #1 Most Admired Company? Well, FORTUNE magazine runs a yearly survey by asking businesspeople to vote for the companies that they admire the most. They compile the votes and create a list called Top 50 Most Admired Companies. So what did FORTUNE magazine find this time? Apple is #1, for the fourth year in a row. There is good reason for why Apple was picked as #1. They make so many great products that are admired by many. The company introduced the iPad last year and opened the world to an entirely new idea. Google, the #2 most admired company, was also following closely behind Apple. The following are the Top Ten Most Admired Companies:

  1. Apple
  2. Google
  3. Berkshire Hathaway
  4. Southwest Airlines
  5. Procter & Gamble
  6. Coca-Cola
  7. Amazon.com
  8. FedEx
  9. Microsoft
  10. McDonald’s

As for my own opinion, I also admire Apple the most. What do you think? Leave a comment.

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Department of Justice to Investigate Apple iTunes Store

Department of Justice

San Jose, CA — According to many prominent news outlets, including the New York Times and CNET news, Apple is going under the microscope of the US Department of Justice regarding the pricing and promotion of digital music on Apple’s iTunes Stores.

Reports have indicated that DoJ investigators are looking into allegations that Apple used its superior market clout to pressure record labels into refusing Amazon.com exclusive access to pre-released music.

Sources told CNet that Apple threatened to pull promotion of any albums that were a part of Amazon’s “Daily Deal,” and at one point complained to Sony Music about an Amazon deal involving new music from Alicia Keys. CNet’s sources added that the the investigators are more interested in Apple’s overall place of dominance in the digital marketplace than just their issues with Amazon. CNET has more here.

According to an interview conducted by the New York Times, Daniel L. Brown, an antitrust lawyer at Sheppard Mullin Richter & Hampton was quoted as saying, “Certainly if the Justice Department is getting involved, it raises the possibility of potential serious problems down the road for Apple. Without knowing what acts or practices they are targeting, it’s difficult to say exactly how big a problem this is. But it’s probably something Apple is already concerned about.” The New York Times has more here.

According to FMQB radio news, sources noted that this inquiry is still in the very early stages, and that the DOJ often does such research before any formal investigation is launched. FMQB News has more here.