Filed under:
Performance,
Europe,
Earnings/Financials,
Ferrari,
Luxury
Ferrari has nabbed the honor of becoming the world's most powerful brand from
Apple. According to Brand Finance, the Italian automaker earned the highest rating among all brands on the Global 500 list despite being worth considerably less than its competition. But the ranking takes into account more than just a company's bottom line. Brand Finance also looks at margins, average revenue per customer and less tangible notions like brand affection and loyalty.
There's no disputing those latter two categories, and this year saw Ferrari enjoy the best financial results in the automaker's history. In 2012, the company's revenue jumped by eight percent to 2.43 billion euro thanks in part to a 4.5 percent increase in deliveries worldwide.
Meanwhile, Apple squeaked out ahead of Samsung to earn the top spot as the most valuable brand at $400 billion. You can check out the Brand Finance
press release below for more information.
Continue reading Ferrari rated world's most powerful brand ahead of Apple
Ferrari rated world's most powerful brand ahead of Apple originally appeared on
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Report: Ferrari rated world's most powerful brand ahead of Apple
