In a surprising move, Apple has now taken the number one spot in being considered the most valuable brand over Coca-Cola. Coke has for 13 years been able to maintain the number one spot due to the company’s ability to advertise anywhere and everywhere. Coke is a staple in the soda industry due to its global allegiance and recognition. Coca-Cola has been able to not only market their products with television and radio commercials, but also by special labeling through sponsorships. Being one of the most successful and profitable brands, it is surprising to see that Apple has been able to surpass Cokes brand value. This brings about several questions. Is Apple’s innovation what makes them now the leader? Is Coke somehow losing consumers? Or is Apple simply taking the lead due to recent releases of products?
Many of these questions have various answers, but the most important thing to note is that Coca-Cola is not losing value or recognition. On the contrary, being already a large company with global recognition, Coca-Cola still has plans to market to consumers whom they have never marketed to before. For instance, due to Pepsi being the leader in the market of soda in Russia, Coca-Cola plans on heavily advertising during the Olympics in Russia. Coke plans on taking over the market through local advertisement and large exposure brought by the Olympics. Coca-Cola has been successful in dipping its hand in a variety of different markets by sponsoring athletes, products, and businesses. Through market strategy, Coca-Cola has remained relevant.
Apple tends to market its products the same way through different forms of media. It has been considered number one in brand value partially due to the cult following have with its products. Most recently, the iPhone 5s was released and although it is essentially the iPhone 5 with some tweaks here and there, it was still able to produce a groundbreaking release. Last year when the iPhone 5 was released, five million units where sold, while this year the iPhone 5s produced a whopping nine million unit release. Thus, through globalization and advertising, Apple has been able to continue being successful.
Both Apple and Coca-Cola have a tremendous brand value. However, I believe that because of how relevant Apple is in society and how it markets to its consumers it has been able to create more brand value. Coca-Cola has been a household name for many households for a very long time, and now Apple is becoming a staple in people’s lives. Through offering a large range of products, Apple has been able to become leader in brand value.
Gross, D. (2013, September 30). Apple passes coke as world’s “top brand”. Retrieved from http://www.cnn.com/2013/09/30/tech/innovation/apple-coke-top-brands/index.html?hpt=hp_bn5
Barr, A. (2013, September 23). iblockbuster weekend for apple’s new iphones. Retrieved from http://www.usatoday.com/story/tech/2013/09/23/apple-iphone-nine-million/2853755/