April 23, 2007 6:48 AM PDT
Google beats Microsoft, Coke in brand stakes
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It's the second year in a row a tech brand has beaten household names such as Coca-Cola, Marlboro and Toyota.
In the ranking, which factored in financial performance and consumer sentiment, Google ranked first with a brand value of more than $66 billion, nearly double its value in the 2006 ranking, according to market researcher Millward Brown Optimor.
Microsoft came in third this year with a brand value of $55 billion. Fellow tech companies in the top 10 are China Mobile, in fifth place, and IBM, in ninth.
According to Millward Brown Optimor, here are the 10 most powerful global brands of 2007, plus brand value:
1. Google--$66.4 billion
2. General Electric--$61.9 billion
3. Microsoft--$55 billion
4. Coca-Cola--$44.1 billion
5. China Mobile--$41.2 billion
6. Marlboro--$39.2 billion
7. Wal-Mart--$36.9 billion
8. Citigroup--$33.7 billion
9. IBM--$33.6 billion
10. Toyota Motor--$33.4 billion
Other technology companies featuring in the top 100 list include Nokia (12th), Hewlett-Packard (15th) and Apple (16th).
"Google is an absolutely phenomenal brand in the sense that it is very clear what it stands for and it has perceived leadership and innovation," Peter Walshe, global brands director at Millward Brown Optimor, told Silicon.com.
Out of the complete top 100 listings, finance is the most dominant vertical with one in four listings coming from that sector. Technology is the second-most prolific, with one in five brands, and retail is the third-most popular sector.
Walshe said one of the key drivers to improve a company's brand is innovation, and that's where technology brands tend to score very well. "People are rating technology brands as exciting, as brands they like and as brands they admire," he added.
The aim of the ranking is to calculate the value a brand is expected to generate for its owner in the future.
Gemma Simpson of Silicon.com reported from London.
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- what does google stand for?
- The article says it is very clear what google stands for but I'm not sure how true this will be for long. Google obviously stands for search but as it expands its business into online office products, image and publising solutions, functionality as a portal etc it is less clear what drives this company. It seems possible that it has lost its focus on search with what might be a one hit wonder search technique and become involved in the morass of other highly competative technology solutions which google does not really hold an edge in. Google documents or orkut are not google inventions. Instead they are what a rich company buys when it has money. Other search engines based on better algorithms in the future have the potential to beat google although the search and database power of the google network would be hard for any startup to match. A shift in advertising revenue and stock capitalization could undermine the cash pile google depends on and unless it really stands for a superior search engine for the future what is it really worth. All these things lead me to wonder what really is the value of google, what is its future and what does google stand for today and what will it stand for in the future.
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- For now....
- I may win a Nobel Peace Prize for the brand I created by myself, with no formal degree!! I don't expect you to believe this lunacy, just pay attention, because soon, everyone is going to get blipd!
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