Bloomberg is reporting the most valuable brands in the world and Apple has jumped up from 17th in 2010 to number 8 in 2011.

Apple had a 58% year-over-year increase in value and had the second highest jump in rank (Amazon jumped 10 places and ranks 26th).

The top 5 are (in order) Coca-cola, IBM, Microsoft, Google and GE. One has to think that this time next year at the rate Apple is growing, they will be able to hit the top 5.

Check out the full list here.