Apple has received yet another crown -- this one as the top billion-dollar brand in the United States.
In a report released Tuesday, UK consulting agency Brand Finance awarded Apple a brand value of $104.6 billion, up from $87.3 billion in 2013. This year's value far surpassed that of second place Google, which was valued at $68.6 billion. Other tech companies on the list included Microsoft, Verizon, AT&T, Amazon, and IBM, all of which made the top 10 out of 50 brands in total.
How does Brand Finance come up with the billion dollar value for each company? The agency said it calculates a royalty rate that would be charged to use the brand and adds that rate to estimates of future revenue.