Introduction
The article consists of the world's most profitable companies and offers a glimpse of which country these companies originated from and wiled the most economic power and influence. Two of the world's largest economies as of 2021 are the United States of America and China, where the majority of the companies come from and are considered equal in terms of economic influence. The list comprises tech companies, banks, insurance, and e-commerce platforms
1. APPLE - an American company and the first trillion-dollar company and considered to be the pioneer of mobile phone technology. They revolutionized consumer electronic products by introducing the iPhone in 2007 which became a huge success and started to revolutionize technological advancement. The company is known today for selling software, services, video streaming platforms, and electronic accessories. Its main products are its iPhones and Macbooks which have been very popular for tech enthusiasts since their product specifications can be seen as the most powerful and most advanced in the tech world.
- Net Income - $58.4 Billion
- Revenue - $273.9 Billion
- Market Cap - $2.1 Trillion
2. Microsoft Corporation - is an American multinational technology company that develops, licenses, and supports a wide range of software products, the most notable would be the Windows operating system and the Microsoft Office products which are mainly used by the majority of consumers around the world. The company also manufactures personal computers/desktops, tablets, gaming, and entertainment consoles such as the famous Xbox and other electric consumer products. Microsoft also offers cloud-based solutions which are called the Azure cloud computing platform.
- Net Income - $44.3 Billion
- Revenue - $143 Billion
- Market Cap - $1.6 Trillion
3. Industrial and Commercial Bank of China - a company from China that provides banking and financial services. It includes corporate and personal loans, trading, financing, deposit taking, corporate and wealth management, and custodial services. The company also engages in investment transactions for its own account or on behalf of the client this includes money transactions, investment securities, foreign exchange, and the holding of derivative positions.
- Net Income - $41.7 Billion
- Revenue - $122.2 Billion
- Market Cap - $195 Billion
4. China Construction Bank - a Chinese company that provides a wide range range of financial services to corporate and individual customers which includes corporate and personal loans, deposit taking, wealth management, trade financing, financial consulting, and advisory and remittance services. The bank also engages in investment activities like interbank money market transactions, investments in debt securities, and equities, and trading of derivatives and foreign currency.
- Net Income - $35.6 Billion
- Revenue - $104.3 Billion
- Market Cap - $173.8 Billion
5. Alphabet Incorporated - an American company and parent of Google Incorporated. Its primary business Google offers a range of Internet products, including Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome, and Google Play. Its primary engagement is in advertising, sales, and distribution of digital content, applications, cloud computing services, and the sale of hardware products. Alphabet also offers smart home products with artificial intelligence software, online video gaming through Google Stadia, and it's developing autonomous driving technology through its Waymo project.
- Net Income - $31.5 Billion
- Revenue - $166 Billion
- Market Cap - $1.1 Trillion
6. Agricultural Bank of China - a company and bank from China that provides international commercial banking and financial services. its financial services cater to individuals, corporations, government agencies, and other financial institutions, It also engages in money market or repurchases transactions, debt instrument investments, and holding derivative positions.
- Net Income - $25.4 Billion
- Revenue - $91.5 Billion
- Market Cap - $112.3 Billion
7. JP Morgan Chase - is an American and global financial holding company that provides banking and financial services. The bank is involved in a broad range of businesses such as corporate lending assistance, investment banking, market-making, prime brokerage, treasury, and securities products, and services to corporations. It also offers consumer banking and asset management services.
- Net Income - $25.2 Billion
- Revenue - $118.9 Billion
- Market Cap - $315.5 Billion
8. Alibaba - a holding company founded in China. It conducts various types of e-commerce business through its Chinese subsidiaries and variable interest entities. Its primary source of revenue is from its giant digital marketplace that connects the consumer and merchants which allows them to buy and sell from one another. Its businesses consist of core commerce, cloud computing, mobile media, and entertainment.
- Net Income - $24.9 Billion
- Revenue - $77.9 Billion
- Market Cap - $761.3 Billion
9. Bank of China - a bank from China that offers a wide range of banking and financial services to individuals, corporations, government authorities, and other financial institutions. Its primary services include savings, deposits, lending, mortgages, credit and debit cards, trade-related products, and credit facilities. It also offers insurance, underwriting, stock brokerage, investment research, and asset management services.
- Net Income - $24.8 Billion
- Revenue - $79.3 Billion
- Market Cap - $94 Billion
10. Intel Corporation - is a multinational American company that specializes in manufacturing computer-related hardware products that consist of CPUs, microprocessors, chipsets, flash memory, networks, and communications. The company's clients consist of the original equipment manufacturers original design manufacturers, cloud and communications service providers, as well as industrial, communications, and automotive equipment manufacturers.
- Net Income - $23.7 Billion
- Revenue - $79 Billion
- Market Cap - $213 billion
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