One of the largest media conglomerates in the world is no longer the most valued brand in the world. Yep, that’s right, the search giant has now been taken over by…Amazon.
The 2018 Brand Financial report has been released and despite increasing its worth by more than US$ 11 billion, Google was billions of dollars behind the tech corporation Apple and retail company Amazon.
Apple has increased its brand value by US$ 40 billion whilst Amazon has rendered the brand financial world speechless jumping its value about 40 percentor US$ 60.5 billion. The ranking of the brands as seen below is determined by its net economic profit.
With this in mind, it seems as though Amazon is the brand cooperation that has not only stunned the financial market but also the public. Amazon is developing at a fast and high rate, and with the recent opening of its Australian market, it now makes complete sense that Amazon is the brand to look out for.
With the opening of even more international markets and its development of a UPS (delivery) service, Amazon is an unstoppable machine which is going nowhere and will very soon replace Google in our everyday communication.
Why don’t you Google it? No way! Just Amazon it.