Let’s face it, tech companies are the rave these days — they’re driven by innovation, unique business models and disruptive business strategies, thus, the purpose of this article is to enlighten you on the most valuable tech companies in the world as of 2020.
When talking about the ‘value‘ of a company, it means the ‘market cap‘ of such company.
What is market cap?
A company’s market cap is its total number of shares multiplied by the price of each share. For example, if WealthOnPoint has 10,000,000 shares and the price of each share is $1000, this means WealthOnPoint has a market cap of $10 billion. Thus, WealthOnPoint has a valuation of $10 billion.
Having understood what a company’s valuation means, I shall now enumerate the world’s top 10 most valuable tech companies of 2020.
Note: All the data in this article were curated from Yahoo! Finance. Also, all the data & figures are as of August, 4th. 2020
10. Intel Corp
Intel corporation is a US-based technology company which deals in the manufacturing of semiconductors chips, microprocessors amongst others, the company also provides computing, networking, data storage and communications services worldwide. The company was founded in 1968.
It’s top 3 customers as of 2017 are:
- Dell, which accounts for 16% of its total revenue
- Lenovo, which accounts for 13% of its total revenue
- Hp Inc, which accounts for 11% of its total revenue.
According to IDC, Intel had the biggest market share in both the global PC microprocessor market (73.3%) and the global mobile microprocessor market (80.4%) in the first quarter of 2011.
Revenue(ttm): $78.96 billion
Market cap: $207.29 billion
TSM manufactures, sells, packages, tests, and makes computer-aided designs of integrated circuits and various semiconductor devices. The company was founded in 1987 and is headquartered in HsinChu, Taiwan
The company currently also serves customers across computer, communications, customer, industrial/standard sectors in North America, Africa, South Korea, Japan, China, Europe, Asia pacific and the Middle East.
Revenue(FY2018): $35 billion
Market cap: $371.37 billion
Samsung is quite a house-hold name, well known for its consumer electronics products, the company also engages in information technology, mobile communications and device solutions businesses worldwide. The company was founded in 1938 and is headquartered in Suwon, South Korea.
Revenue(ttm): $233.34 billion
Market cap: $382.379 billion
Tencent, is a Chinese conglomerate with interests in advertising, gaming, social media, eCommerce, music and online video.
Tencent’s social media, payment processor and instant messaging platform, WeChat, currently has a stunning 1 billion daily active users. Its music streaming platform, Tencent Music Entertainment, has over 700 active million users, of which 120 million are paying subscribers. This goes a long way to show Tencent has a firm stance in the world’s most valuable tech companies
Furthermore, Tencent’s Games division is currently the world’s largest gaming company.
Tencent is the second most valuable company in Asia as of the time of writing.
Revenue(ttm): CNY379.777 billion
Market cap: $676.44 billion
Don't be left out!
Every member of our newsletter enjoys;
Free insights, guides and tips on business, marketing, investments, finance and wealth creation.
Alibaba is a Chinese multinational technology company with interests in e-commerce, cloud computing, web portals and payment processing services.
The company operates C2C, B2C & B2B eCommerce through its 3 main websites Taobao, Tmall & Alibaba.com, respectively.
It’s payment platform, Alipay, is the largest in the world with over 1 billion users. Furthermore, Alibaba has the highest profits of all eCommerce companies in the world.
It is noteworthy to point out that Alibaba is the world’s largest eCommerce company in terms of Gross Merchandise Volume(GMV), and also the most valuable company in Asia.
Form more information on Alibaba, read 10 shocking facts you didn’t know about Alibaba Group
Revenue(FY2020): $72 billion
Market cap: $695.07 billion
Facebook really needs no introduction. Founded in 2004 by Mark Zuckerberg, the social media giant is the biggest social media company in the world, boasting over 2.6 billion monthly active users.
The social media behemoth acquired WhatsApp for a whopping $19 billion—WhatsApp today has over 2 billion monthly active users— thus making it the biggest instant messaging service in the world.
Other services owned by Facebook include Instagram, Messenger and Oculus.
Revenue(ttm): $75.16 billion
Market cap: $711.72 billion
Alphabet was formed in 2015 as Google’s parent company.
The company is headquartered in Mountain view, California and has various subsidiaries under its belt, such as X, Calico, Waymo and Google alongside its services.
Currently, Google is the world’s largest advertiser and the largest search engine. YouTube is the second largest search engine. Waymo is the leader of self-driving cars. Also, Google is also pivoting into eCommerce with Google Shopping.
Revenue(ttm): $166.03 billion
Market cap: $999.33 billion
Amazon was founded by Jeff Bezos in 1994 and is currently the world’s largest eCommerce company in terms of revenue.
Amazon currently operates in internet retail, consumer electronics, cloud computing, AI and digital media/streaming services.
The company boasts over 150 million members on its Amazon Prime membership platform which offers streaming services of digital media and free shipping.
Its cloud computing platform, Amazon Web Services, is the largest in the world and is currently bigger than its next four competitors (the likes of Google Cloud and Microsoft Azure) combined.
This, and it’s many other accomplishments makes it easily one of the most valuable tech companies in the world
Revenue(ttm): $321.78 billion
Market cap: $1.57 trillion
Apple was the first tech company to cross the trillion dollar valuation mark.
Apple designs, manufactures and sells smartphones, PCs, tablets, accessories and wearables globally.
The company which was on the verge of folding up at one point is now one of the most valuable tech companies in the world, suffice to say, it is also the second most profitable company in the world, just behind Saudi Aramco.
Its closed system philosophy pioneered by its late cofounder Steve Jobs, makes the company manufacture its own software and hardware. Thanks to this, the company has amassed millions of loyal followers with its hit product; the iPhone, and other products such as Macs, Apple watches, iPads and services such as Apple news, Apple pay and iCloud.
Revenue(ttm): $321.78 billion
Market cap: $1.57 trillion
Microsoft retains the top spot on the world’s most valuable tech companies, thanks to its leadership under its remarkable CEOs thus far— most notably, Satya Nadella.
The tech titan offers a suite of products and services such as the operating system, Windows OS; search engine, Bing; Cloud computing platform, Azure; Cloud platform, OneDrive; Professional social networking site, LinkedIn; gaming platform, Xbox; telephony service, Skype; a social platform for developers, Github… and a host of others.
Revenue(ttm): $143.02 billion
Market cap: $1.61 trillion
Of the world’s top 10 most valuable tech companies, 6 are from the United States, 2 from China, 1 from Taiwan and 1 from South Korea.
This list is a must-read and should be a source of inspiration for aspiring tech founders.
Question: Of all the companies listed, which is your favorite?
I’m the cofounder of WealthOnPoint, and business is akin to me just as blood is to humans. Being an advocate of business literacy, I’m the go-to guy for matters concerning business, marketing & investments. My mission: I wanna take your business to higher heights, the question is; are you willing to let me?