Tue, Jul 2, 2013 12:04 PM EDT 1:36
For three years running, Apple has been at the top of Barron's list of the world's most respected companies. As of 2013, though, Apple's run has come to an end. The coveted title now goes to?Warren Buffett's Berkshire Hathaway, and Disney jumped into the No.2 spot on the list. Apple has fallen from first to third-place, and Google and Coca-Cola round out the top-five. The rankings are determined by a Barron's poll of professional money managers that has been conducted each year since 2005. The saga of Edward Snowden and the NSA makes one thing clear: The United States' central role in developing the Internet and hosting its most powerful players has made it the global leader in the surveillance game. For a while now, we've heard about BlackBerry and Windows Phone vendors betting big on expanding their presence in emerging markets by releasing cheaper devices aimed at consumers who are buying smartphones for the first time. But as Business Insider's Jay Yarow points out, there's major obstacle standing in these platforms' paths: No-name Android vendors that are pumping out a flood of cheap phones that sell in the $100 range. Yarow points to new research from?Needham analyst Charlie Wolf showing that no-name Android vendors now account for roughly a quarter of all Android devices, or more than the combined Android market share of HTC, LG, Sony and Motorola. Wolf says that most of these no-name companies are "located in China"