As years pass by and population witnesses an all-time high, the demand for products are increasing, thereby putting the corporate sector under huge pressure. For the business to flourish immensely, efforts need to gush in like a gale. A blizzard of demand has to be offset by the production and supply. Every industry aims at taking the next step to improve productivity so that everything remains in perfect harmony. Profits are being made largely by the MNCs that have been in the game for a long time now. However, with the situation having been changed this year, the balance could be lost at some point to overturn the entire structure.
Since the pandemic has left the world in a turmoil, the companies are finding to salvage through the turbulent conditions. There are a few companies that run the race in the prime positions despite the uncertainties that linger on. Here is a list of the top companies in the world this year, and the data has been compiled based on the market capitalization of each company.
1. Saudi Aramco
Despite the crashing of the economy and the oil crisis in the Middle Eastern countries, Saudi Aramco stands on top of the list. The value of the company reached around 1.9 trillion dollars after it released the shares on the Tadawul stock exchange. Once these issues with the shares on the stock exchange were resolved, Saudi Aramco shot up to be the most expensive company in the world. With its issued shares exceeding all expectations and IPO being one of the most successful in the history of trade, there seems to be no powerful company in existence to supersede them. Almost all the profits are being used for purchases, expansion, and mergers. It is yet to unravel if the company can take the pressure of the current state of affairs and stay intact throughout.
This second most valuable company in the world is the internationally famous corporation which was founded by Bill Gates in 1975. What started off with the launch of packaged software for home computers with the Microsoft Windows operating system has grown to unprecedented heights. Microsoft is one of the leading companies in the PC software industry today with a market capitalization value of around 1,564 billion dollars.
3. Apple Inc.
A company that has been in the top three positions for a long time has been witnessing a dip due to the disappointing iPhone sales over the past few years. Apple has lost its primacy due to the lacklustre features on their phones that come at high price ranges. The company has managed to stick to this position despite its downfall in certain areas. Many advanced devices are being launched in the coming years to take back the company to its former glory. Apple is still the most expensive brand, and it holds onto this position due to the quality of the products they introduce. Several rating agencies have estimated the value of the company to be around $1,286 billion.