is no longer the world's most valuable brand. According to the latest edition of Millward Brown Optimor's annual Brandz ranking
, the long-reigning champion has been dethroned by Google
, one of its biggest rivals in the tech world. Apple's brand value decline 20% to $148 billion year-over-year, while Google's surged 40% to nearly $159 billion.
According to Millward Brown, the recent lack of innovation is what ultimately cost Apple the number 1 spot in the popular ranking. Google on the other hand is seen as "making-dreams-come-true-type company", which helped its brand value to thrive.
Ranked third and fourth are IBM and Microsoft, followed by the first non-tech brands McDonald's
. Surprisingly, tobacco company Marlboro still made the Top 10, despite smoking being on the decline in many parts of the world.