5 Companies That Benefited The Most From The Pandemic

1. Apple Inc. (NASDAQ: AAPL)

Market cap on Dec 31, 2019: $1.288 trillion

Market cap on Dec 31, 2020: $2.32 trillion

Market cap added: $1.032 trillion

Topping our list of the 15 companies that benefited the most from the pandemic is Apple Inc. Apple had a market cap of whopping $2.23 trillion on the last day of 2020, an 80% jump from the same period in 2019. In the fourth quarter of 2020, AAPL announced total revenue of $64.7 billion wherein 59% accounted for international sales.

Apple Inc is the top company that benefited the most from the pandemic as work-from-home and distant learning boosted the sales of Macs ($9.03 billion) and iPads ($6.79 billion) last year. On top of that, the company sold over 200 million iPhones in the middle of the pandemic. In the December quarter, Apple’s service revenue including the App Store, iCloud, Apple TV+, Apple Pay, and Apple Music climbed up to $15.8 billion or a 24% increase. Reported in the same quarter, sales of Apple’s wearables and home and accessories, on the other hand, saw a surge of 30% to nearly $13 billion

Image by Michael Gaida from Pixabay

You can also take a peek at the 15 Most Powerful and Influential Companies and 20 Most Valuable Companies in the World in February 2021.

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