Samsung closing gap on Apple in brand stakes

Samsung is closing the gap on rival Apple, which despite being once again named the world’s most valuable brand, is “losing its competitive edge”, according to the BrandFinance Global Top 500 brands survey.

Samsung Galaxy

Apple, which topped the list for the second year running, is valued at $87bn (£56.2), a 24 per cent increase on its value a year ago, according to the annual study. Its brand rating, however, weakened from AAA+ to AAA as its “more nimble” rival Samsung catches up.

Samsung, increased its value by 54 per cent to $58.8bn (£37.5bn) adding more than $20bn (£13bn) to its value in 12 months, according to the brand valuation firm.

BrandFinance claims that only Apple’s size enabled it to maintain its lead over Samsung. Apple’s recent performance has disappointed analysts and shares slipped following its results in January when it reported flat profit.

While sales of iPhone 5 did not reach the 50 million mark expected by analysts, Samsung’s Galaxy S3, became the most pre-ordered smart phone of all time last year.

David Haigh, BrandFinance CEO, says: “Brand is one of many intangible assets which drive profitable growth. Technology, contractual, human capital and customer intangibles as well as general goodwill all drive overall corporate value. With revenues in the tens of billions, Apple and Samsung are slugging it out for global brand supremacy and are vying with each other to create strong ‘customer love’ for their brands.”

The study also named Ferrari as the world’s “most powerful” brand in terms of intangible measures such as brand affection and loyalty. It has the highest brand rating in the Top 500, despite not being able to compete with the likes of Apple in terms of revenue.

The BrandFinance Global 500 analyses the performance of leading brands across all major B2C and B2B sectors in terms of revenue. It uses data from a number of sources including Bloomberg, annual reports and proprietary research by BrandFinance to calculate a brand rating on a scale ranging from AAA to D.

Top 5 most valuable brands in the world
Brand value 2013
1 Apple $87.3bn (£56.4bn) +24%
2 Samsung $58.8bn (£38bn) +54%
3 Google $52.1bn (£33.7bn) +10%
4 Microsoft $45.5bn (£35.8bn) -1%
5 Walmart $42.3bn (£27.3bn) +10%
Source: BrandFinance Global 500 (2013)

 Top 5 strongest brands in the world according to brand rating
Brand value 2013 Brand value 2012
1 Ferrari $3.6bn (£2.3bn) $3.3bn
2 Google $52.1bn (£33.6bn) $47.5bn
3 Coca-Cola $34.2bn (£22.1bn) $31.1bn
4 PwC $16.4bn (£10.6bn) $14.3bn
5 Hermes $4.5bn (£2.9bn) $3.4bn
Source: BrandFinance Global 500 (2013)

Latest from Marketing Week

PLEASE SIGN IN OR REGISTER. IT'S FREE, QUICK AND EASY!

Access Marketing Week’s wealth of insight, analysis and inspiration that will help you develop as a marketer and leader.

Register and receive the best content from the only title 100% dedicated to serving marketers' needs.

We’ll ask you just a few questions about what you do and where you work, so we can make Marketing Week more relevant to you.

Register now

THE BEST CONTENT

Our award winning editorial team and columnists will ask the biggest questions about the biggest issues on everything from strategy through to execution to help you navigate the fast moving modern marketing landscape.

THE BIGGEST ISSUES

From the opportunities and challenges of emerging technology to the need for greater effectiveness, from the challenge of measurement to building a marketing team fit for the future, we will be your guide.

PERSONAL AND PROFESSIONAL DEVELOPMENT

Information, inspiration and advice from the marketing world and beyond that will help you develop as a marketer and as a leader.

Dedicated to developing your skills and helping you achieve marketing excellence. Find guidance on leadership, professional development and the latest industry jobs.

Having problems?

Contact us on +44 (0)20 7292 3711 or email subscriptions@marketingweek.com

If you are looking for our Jobs site, please click here