Top Business Trends||Latest Business News Headline Today

Apple and Google’s corporate reputations have plunged

Apple and Google’s corporate reputations have plunged

Apple and Alphabet’s Google corporate brands dropped in an annual survey while Amazon maintained the top spot for the third successive year, and electric carmaker Tesla rocketed higher after sending a red Roadster into space.

IPhone maker Apple dropped to 29th from its previous position of No. 5, and Google dropped from 8th to No. 28. Apple had ranked No. 2 as newly as 2016, according to the annual Harris Poll Reputation Quotient poll released Tuesday.

The poll, conducted since 1999, surveyed 25,800 US adults from Dec. 11 to Jan. 12 on the reputations of the “most visible” corporate brands.

John Gerzema, CEO of the Harris Poll, told Reuters in an interview that the likely reason Apple and Google fell was that they have not introduced as many attention-grabbing products as they did in past years, such as when Google rolled out free offerings like its Google Docs word processor or Google Maps and Apple’s then-CEO Steve Jobs introduced the iPod, iPhone and iPad.

“Google and Apple, at this moment, are sort of in valleys,” Gerzema said. “We’re not quite to self-driving cars yet. We’re not yet seeing all the things in artificial intelligence they’re going to do.”

Meanwhile, Amazon held on to the No. 1 spot, which it has held for five years with the exception of 2015, when it slipped to No. 2. Gerzema attributed Amazon’s ranking to its expanding footprint in consumers’ lives into areas like groceries via its Whole Foods acquisition.

Elon Musk’s Tesla climbed from No. 9 to No. 3 on the strength of sending a Tesla Roadster into space aboard a SpaceX rocket — despite fleeting success delivering cars on time on Earth, Gerzema said.

“He’s a modern-day carnival barker — it’s incredible,” Gerzema said of Musk. “This ‘The Right Stuff’ attitude is able to capture the public’s imagination when every news headline is incredibly negative. They’re filling a void of optimism.”

For its part, Facebook’s reputation improved in the 2018 study, despite being the target of questions from US lawmakers about the role of social media in Russia’s efforts to influence the US presidential election in 2016. Facebook ranked 51st, its best showing since 2014, when it ranked 38th, the highest the firm ever ranked in the poll.

This year, film production company The Weinstein Co. made its debut at 99th out of 100 on the list after more than 70 women accused co-founder Harvey Weinstein of sexual misconduct, including rape. Weinstein has denied having non-consensual sex with anyone.

Last place went to Japanese auto parts supplier Takata Corp., whose airbags can explode with too much force and have been linked to at least 22 deaths and hundreds of injuries, prompting the largest recall in automotive history and forcing Takata and its US unit, TK Holdings Inc., into bankruptcy.

Here’s the Top Ten list from Harris:

  1. Amazon
  2. Wegmans Food Markets
  3. Tesla Motors
  4. Chick-fil-A
  5. The Walt Disney Co.
  6. HEB Grocery
  7. United Parcel Service
  8. Publix Super Markets
  9. Patagonia
  10. Aldi

Related posts

U.S. economy added 178,000 jobs in November; unemployment rate dropped to 4.6 percent

VA

Stores Gear Up for Returns—And More Shopping

VA

SEC reportedly subpoenas Tesla over Musk’s tweets

VA

Leave a Comment