News

Leading tech companies wealthier than most countries, research reveals

Research from MacKeeper suggests that some of the world’s biggest tech companies control a hefty portion of the world’s economy. Analysis of the current valuation of Apple, Microsoft, Amazon, and others, and its comparison to the GDP of different countries on a map, reveals some interesting results.

For instance, Apple, one of the tech giants that has been nearly unaffected by the COVID-19 pandemic, is richer than 96% of the world, with a valuation of $2.2 trillion. Only seven countries currently outrank the maker of the iPhone financially. The report suggests that, given Apple’s current growth trajectory, it could one day overtake the USA’s $21 trillion to become the world’s wealthiest entity.

Microsoft‘s significantly lesser valuation of $1.8 trillion still is enough money to put it on a par with all of Canada. Overall, only nine countries are worth more money than the developer of Windows.

Whilst Facebook does not cut it, when it comes to the companies with the highest value, a market cap of $763 billion still makes it a huge global player on the world stage. Facebook is wealthier than Switzerland, Sweden, and the UAE combined and would rank as the 26th wealthiest country in the world.

Despite providing a service that we all likely use nearly every day, Amazon is valued at “only” $1.6 trillion. This means that the company makes more money than 92% of the world. MacKeeper went a little further and revealed that Amazon makes $351,531 per employee annually, which is more than the world’s highest GDP per capita.

Source: Mackeeper

Read More: Big Tech CEOs release opening statements ahead of Antitrust hearing.

Sponsored
Ahsan Zafeer

A digital marketing professional specializing in content-based functional areas - Ahsan Zafeer is driven by a never-ending passion for developing, nurturing, and strategizing key content aspects. He writes extensively on tech, digital marketing, SEO, cybersecurity, and emerging technologies. He also serves as a digital marketing strategist and freelance consultant for globally oriented organizations. He tweets @AhsanZafeer

Share
Published by
Ahsan Zafeer

Recent Posts

Rumors Indicate iPhone 17 May Feature Unconventional Camera Design

Apple is reportedly preparing for a significant design overhaul with its iPhone 17 series, blending…

3 hours ago

First AI-Powered Teacher Launched in Pakistan’s Private School

Karachi: A private school in Karachi has unveiled Pakistan’s first AI-powered teacher, a groundbreaking move…

4 hours ago

Yahoo Surprises Users with Its Latest Android Launcher

Third-party apps have long been a staple of the Android ecosystem, but their appeal has…

5 hours ago

Phase-II Review of PTCL-Telenor Deal Finalized by CCP

ISLAMABAD: The Competition Commission of Pakistan (CCP) has completed its Phase-II review of Pakistan Telecommunication…

6 hours ago

Xiaomi’s SU7 Achieves New Production Record, Driving Q3 Growth

Xiaomi has shattered records by producing 100,000 vehicles in just 230 days. This is nearly…

7 hours ago

Teachers Can Now Access OpenAI’s Free AI Course

OpenAI, in collaboration with nonprofit organization Common Sense Media, announced on Wednesday the launch of…

8 hours ago