Last Thursday, brand consulting firm Interbrand released its annual list of the world's most valuable brands, and for the second consecutive year, Apple topped it. The list valued the Apple brand at $118.9 billion, 21% more than it was valued last year. With a value of $107.4 billion, fellow tech giant Google was the only other brand to be valued over $100 billion. Coca Cola, IBM and Microsoft rounded out the top five.
Apple also received some noteworthy praise in the form of a letter from billionaire investor Carl Icahn to CEO Tim Cook. Titled "Sale: Apple Shares at Half Price," the note urges Apple to buy back more of its shares at a faster pace. Icahn believes Apple shares are currently trading at about half their value. By his estimates, Apple shares should currently be worth $203 a share.