Thursday, March 20, 2014

Samsung Named World's 9th Most Valuable Brand

Samsung Electronics came ninth on a list of the world's most valuable brands compiled by the U.S. business magazine Forbes. It was the first time Samsung has joined the top 10. It ranked 12th last year.

Forbes estimated Samsung's brand value at US$29.5 billion, up 53 percent from $19.3 billion last year and the highest increase among the top 10.

The conglomerate's brand value increased a whopping 136 percent over the past three years, according to the magazine.

Six of the top 10 firms were IT companies. Apple topped the list for the third consecutive year with $104.3 billion. The others were Microsoft (second), IBM (fourth), Google (fifth), and Intel (eighth). 

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