In this article, we are going to list the 5 Companies That Benefited The Most From The Pandemic. To read our detailed analysis and a more comprehensive list, please go to the 15 Companies That Benefited The Most From The Pandemic.
5. Tencent Holdings Ltd (OTC: TCEHY)
Market cap on Dec 31, 2019: $458.62 billion
Market cap on Dec 31, 2020: $689.05 billion
Market cap added: $230.43 billion
China’s largest internet company Tencent ranks 5th on our list of the 15 companies that benefited the most from the pandemic. By the end of December 2020, Tencent had a market cap of $689 billion, an increase of 50% from the previous year.
Tencent is the largest provider of Internet value-added services in China. The Chinese app developer is globally known for its instant messaging app WeChat and video game hits such as “League of Legends and “Clash of Clans.” Based on the company’s third-quarter report in 2020, Tencent’s value-added service sector increased 38% ($10 billion) and the online games sector grew by 45% ($6 billion) while revenues from online advertising increased by 16% ($3 billion) over the year. Tencent Holdings bagged a total revenue of $18.4 billion in the third quarter mainly due to the growth of smartphone games.
As of March 2021, Tencent has an investment of approximately $259 billion in Chinese and overseas startups in fast-growing industries such as electric vehicles, gaming, entertainment, and social media.
4. Alphabet Inc (NASDAQ: GOOGL)
Market cap on Dec 31, 2019: $920.32 billion
Market cap on Dec 31, 2020: $1.183 trillion
Market cap added: $262 billion
California-based tech giant Alphabet ranks 4th on our list of the 15 companies that benefited the most during the pandemic. By December 31, 2020, Alphabet read the trillion mark for the market cap with $1.183 trillion, a 28.54% increase from the previous year. Alphabet Inc bagged total revenue of $182.5 billion by the end of the fiscal year 2020.
Alphabet played a significant role in connecting people and increasing their productivity during the crisis. From developing a contact tracing app to battling fake news spread on search and YouTube, the company’s tools and online services have never been more helpful. Google benefited from the pandemic through its Google Services ($52 billion) and Google Cloud ($3 billion) sales which increased 23% and 46% compared to the previous year as reported in the fourth quarter of 2020 respectively.
Pixabay/Public Domain
3. Tesla Inc. (NASDAQ: TSLA)
Market cap on Dec 31, 2019: $75.74 billion
Market cap on Dec 31, 2020: $677.4 billion
Market cap added: $601.66 billion
Electric vehicle (EV) maker Tesla ranks 4th on our list of the companies that benefited the most from the pandemic. At the end of December 2020, Tesla Inc had a market cap of $677.4 billion, an increase of 784% from the previous year. According to the company’s 2020 full-year revenue report, Tesla’s total revenue came in at $31.5 billion.
Tesla also made a comeback with its strong EV sales. According to the full-year 2020 revenue report, Tesla produced and delivered half a million electric vehicles, compared to 600 cars per year five years ago. In 2020, Tesla held 80% of the EV market share in the US. According to an analysis by Morgan Stanley reported by CNN, the company’s market share fell to 69% in February as Ford steps into the scene with the new all-electric Ford Mustang Mach-E.
In February 2021, Tesla purchased $1.5 billion worth of Bitcoin. The EV company also announced its plans to accept Bitcoin as payment. If this becomes implemented soon, it would make Tesla the first major automaker to do so.
2. Amazon.com Inc. (NASDAQ: AMZN)
Market cap on Dec 31, 2019: $920.22 billion
Market cap on Dec 31, 2020: $1.639 trillion
Market cap added: $717.78 billion
Ranking second on our list of the 15 companies that benefited the most from the pandemic is e-commerce giant Amazon.com Inc. By the end of December 2020, the company had a market cap of $1.6 trillion, a 78% increase from its value in 2019. Amazon bagged a full-year net sales of $386 billion as reported in the fourth quarter of 2020, a jump of 38% from the same period in 2019.
Online retail grew massively during the coronavirus crisis. As physical stores were shut down Amazon offered low-priced products that you can “Add to Cart” and it will be delivered to your doorstep coronavirus-free. In return, the online retailing giant helped over 71,000 small to medium-sized enterprises to reach approximately $4.8 billion in worldwide sales.
Pixabay/ Public Domain
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.
