The World’s Wealthiest Corporations
The world’s biggest companies by market cap operate within a range of different market sectors, including technology, communication services, energy, consumer cyclical, and financial services. A company’s market cap is calculated by multiplying the total number of its shares outstanding by the current market price of a single share. The majority of the companies making up the top-10 list generate hundreds of billions of dollars in annual revenue. However, there are a few that generate less than $100 billion in annual revenue, suggesting that investors are optimistic about the potential growth of these companies compared to the others on the list.
The world’s biggest companies by revenue represent relatively new, faster-growth industries and mature, slower-growth ones ranging from e-commerce and tech devices to oil and retailing. No matter what, each company is a dominant force in its industry. While each of these companies has seen its business shift as a result of the COVID-19 pandemic, some companies continue to thrive due to their unique advantages as millions of consumers shelter in place.
Since the COVID-19 crash, global equity markets have seen a strong recovery. The 100 biggest companies in the world were worth a record-breaking $31.7 trillion as of March 31, 2021, up 48% year-over-year. As a point of comparison, the combined GDP of the U.S. and China was $35.7 trillion in 2020.
- Apple Inc
Industry: Electronics, Information Technology
Product: Mobile, iPod, Personal computers, and tablets
Apple designs manufacture and market a broad range of consumer technology products, including smartphones, personal computers, tablets, wearable devices, home entertainment devices, and more. Some of its most popular products include its iPhone smartphones and Mac computers. Apple also has dramatically expanded its sales from services. It operates digital content stores, provides cloud and payment services, and recently launched Apple TV+, a streaming service for on-demand entertainment content.
Industry: Retail business, E-Commerce, Artificial Intelligence.
Products: Software, Kindle, Fire TV, Echo
Amazon.com is an e-commerce retailer that sells a broad range of products and services globally and is the world’s biggest provider of cloud computing services. Its e-commerce business includes merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. Amazon offers various subscription services and web services as well, including its cloud computing service and fast-growing streaming entertainment business. Additionally, the company manufactures and sells electronic devices, such as Kindle e-readers, Fire tablets, Fire TV, and Echo and Alexa. Amazon sells groceries through its subsidiary, Whole Foods Market Inc.
Industry: Automobiles, Energy
Products: Cars, Trucks, Solar roofs, Battery, etc
Tesla is an American automotive and energy company that is also the world’s largest electric vehicle manufacturer. The company commands a market cap of 872.9 billion dollars.
The company also makes solar panels, solar roof tiles, and batteries to provide green energy. Tesla along with 27 other companies have formed ZETA (Zero Emission Transport Association (ZETA) in the year 2020 to move all internal combustion vehicles to electric.
Palo-Alto-based Tesla Inc was founded by Martin Eberhard and Marc Tarpenning in 2003. However present CEO Elon Musk is the face of the company and a major shareholder with a 22% stake in Tesla. In the year 2009, Tesla produced its debut car model, the Roadster. Tesla has 70,700 employees and 598 retail stores spread across different parts of the world.
Industry: Oil and gas production, refining.
Products: Crude Oil, Natural Gas, and petrochemical derivatives.
Saudi Arabian Oil, better known as Saudi Aramco, is a Saudi Arabia-based integrated oil and gas company. The company operates both an upstream and downstream segment. Its upstream segment engages in the exploration and production of crude oil, condensate, natural gas, and natural gas liquids (NGL). The downstream segment is engaged in refining and petrochemical manufacturing, distribution, and power generation. Saudi Aramco also operates a chemicals business that makes products such as aromatics and olefins and complex products such as synthetic rubber.
Industry: Software Development, Information technology, Consumer electronics.
Products: Windows Operating System, Microsoft Office, Xbox, Search engine.
Microsoft is a global developer and licensor of software, devices, solutions, and services. The company is well known for its Windows and Office Suite software. The company is getting a growing share of its profit and revenue from cloud computing services, for which it is one of the market leaders. Microsoft’s main cloud platform is called Azure. Microsoft also owns and operates LinkedIn, the popular social networking site for job seekers.
The most valuable yet biggest tech companies based in the US have flown in the global financial market, powering via a global pandemic and broad-spectrum economic crisis, followed by Saudi Arabia, China, Taiwan, and South Korea.
Sustaining in the market over iPhone sales, Microsoft’s expanding Team collaboration product, Amazon’s blooming e-commerce platform, and Google and Facebook rule the international market with the online ad duopoly. All the biggest tech companies dominated the financial pool by market capitalization and never slowed down in COVID-19, their exponential growth climbed manifold stocks abundantly.