The company is gearing up to launch its next generation of iPads

Mar 2, 2012 09:28 GMT  ·  By

Five years straight, Apple is still Fortune’s “most admired company,” with a market cap of $500 billion (which makes it the most valuable company by far), and a record past quarter with tens of billions in profit.

The magazine commented on the company’s impressive performance: “To say it was another big year for Apple would be a gross understatement. With the passing of Steve Jobs, questions swirled around the company’s future. But under new CEO Tim Cook’s guidance, Apple continues to prosper.”

Following Apple in the top-10 were Google, Amazon, Coca-Cola, IBM, FedEx, Berkshire Hathaway, Starbucks, Procter & Gamble and Southwest Airlines.

Apple is preparing to unveil the next generation of tablet computers at an event scheduled in San Francisco, March 7 (Wednesday).