Apple is the World’s Most Admired Company for Fifth Year in a Row

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Fortune, for the fifth year in the row, has ranked Apple as the world’s most admired company.

The report goes on to outline all that has happened in the past year: from the passing of Steve Jobs, to the rise of Tim Cook, to the 81% increase in iPhone sales (that’s without the very successful iPhone 4S being factored in), to the 334% increase in iPad sales spurred by the iPad 2. All of this lead to Apple shares jumping 75% in fiscal 2011 to $495 (now sitting at $544).

To me, this says a lot of things. Firstly, it shows that the people really do appreciate Apple’s way of thinking. That is, great design is paramount; don’t settle for less. Secondly, Tim Cook is more than capable of taking over the company after Jobs passed. Thirdly, it shows me that Jobs set up a culture within the company that will continue to make great things for years to come. Granted it’s only been a few months since Apple lost it’s visionary, but I think they’ll do just fine going forward, with his spirit still embedded in the DNA of the company.