Google pips Apple to top spot of world's 'most valuable' brands
GOOGLE has taken over from Apple as the world's most valuable brand in an annual ranking amid signs the technology giant has "reached saturation point".
Google has taken over from Apple as the world's most valuable brand in an annual ranking
Apple's fall in the Brand Finance Global 500 ranking after five years at the top comes as the study claims its brand value dropped 27 per cent to $107.1 billion over 2016, while Google's rose by 24 per cent to $109.5 billion.
Lego has replaced Disney as the most powerful brand in the world, according to the ranking.
The report said Google remained "largely unchallenged" in its core search business, with its advertising revenues up 20 per cent in 2016.
Google's Daydream VR headset works with its phones
Brand Finance chief executive David Haigh said: "Apple has struggled to maintain its technological advantage.
"New iterations of the iPhone have delivered diminishing returns and there are signs that the company has reached a saturation point for its brand."
Lego's success followed licensing deals with Star Wars, Harry Potter and the Batman franchise, which would also reinforce the company's brand strength among both children and adults "for years to come", the report said.
Google's search business remains largely 'unchallenged' by competitors
Apple has struggled to maintain its technological advantage.
Meanwhile, Visa and MasterCard's brand value grew by 81 per cent and 58 per cent respectively in 2016 as their core markets continued to move towards a cashless society, Brand Finance said.
Coca-Cola and Pepsi both fell in the ranking, by 13 and 12 places respectively, as scrutiny around the marketing of sugary drinks to children gained pace.
Fast food outlets McDonald's, KFC and Domino's Pizza continued to drop down the ranking, with their brand value falling by 9 per cent, 27 per cent and 16 per cent respectively.
Fast food outlets dropped down the ranking, with McDonald's losing 9 per cent of brand value
The Global 500 five most valuable brands are:
1. Google
2. Apple
3. Amazon.com
4. AT&T
5. Microsoft
Lego took the top spot as the world's most powerful brand in the Brand Finance Global 500
The top five most powerful brands are:
1. Lego
2. Google
3. Nike
4. Ferrari
5. Visa