Very often Market Capitalization is used as an indicator of public opinion of a company’s net worth and can be very handy in ranking the size of the companies against the sales or total assets. The value is obtained by calculating number of shares multiplied by closing price per share. However, one has to note that Market capitalization only reflects the equity value of the company. Here we enlist the world’s largest companies by market cap for the current year. The list is quite much volatile and thus, an average value is taken to rank these companies with highest market cap in the world. Here is the list of top 10 largest companies by market capitalization in the world 2018 and the countdown follows.
10. AT&T- US$ 251.4 Billion:
It is an American multinational telecommunication corporation, headquartered in Dallas, Texas. This conglomerate is the second largest service provider of Mobile telephone and the spearhead in fixed telephone service in the United States of America. It employs about 281,000 people and its market value is estimated to be US$251.4 billion. It also provides television and broadband services. By taking into account of total revenues, profits, assets and market value, this company was named amongst the 25 largest companies in the world.
9. General electrics- US$279.9 billion:
This is an American global conglomerate headquartered in Boston, Massachusetts. It serves various areas including Power and water, oil and gas, transportation, capital, airlines and healthcare and the company caters the needs of financial services, medical devices, life sciences, Automobile and other Engineering industries. About 305,000 employees are working for the company that records a market capitalization of $279.7 billion.
8. Johnson & Johnson- US$ 324.8 billion:
It is an American multinational pharmaceutical, health-care conglomerate based in New Jersey, US. Its operations are carried out by about 250 subsidiary companies in over 57 countries and marketed in over 175 countries worldwide. Its health care, baby care products, Band-Aid bandages are very much popular. This leading pharmaceutical company employs over 127,000 people across the globe. The company’s total revenue is US$ 70.07 billion in the year 2015 and has market capitalization of $324.8 billion.
7. Facebook Inc.- US$ 354.9 billion:
This social networking site was launched on 4th February 2004, by Mark Zuckerburg and his fellow Harvard University students and roommates. It has more than 1.65 billion monthly active users around the globe. It has market capitalization of $354.59 billion. It became the fastest company to reach a market cap of $ 250 billion in the Standard& Poor’s 500 Index. Its subsidiaries include Messenger, Instagram, WhatsApp and Oculus VR.
6. Amazon.com, Inc. – US$358.99 billion:
It is an American E-Commerce company founded by Jeff Bezos in 1994. With a market capitalization of about US$ 358.99 billion, it is the world’s largest online based retailer. It has also surpassed Walmart for being the most valuable retailer in the United States by market capitalization. It employs about 268,900 people and its annual revenue for the year 2015 was estimated to be US$107 billion. The company operates in about 14 country- specific retail websites and serves the customers all over the world.
5. Exxon Mobil Corp-US$364.99:
It is a multinational oil and gas conglomerate founded in the year 1999. This company is the largest refiner in the world with about 37 oil refineries in 21 countries yielding 6.3 million barrels in a day. It is estimated to have a market capitalization of about $364.99 and is considered as a spearhead in its industry. It was named the second most profitable company in Fortune 500 in 2014.
4. Berkshire Hathaway-US$ 400 billion:
This American multinational conglomerate holding corporation founded in 1839 by Oliver Chase. The company owns GEICO, Lubrizol, BNSF, Fruit of the Loom, Helzberg Diamonds, Dairy Queen, NetJets and has minority holdings in American Express, Wells Fargo, IBM, The Coca-Cola Company and the Restaurant Brands International. Popular entrepreneur, businessman, philanthropist Warren Buffet is the CEO, Chairman and the President of the company. It employs about 331,000 people and its annual revenue for 2015 was about US$ 210.82 billion.
3. Microsoft- US$ 450 billion:
A name most commonly termed as “MS” is one of the largest manufacturers of desktop and laptop solutions. In the recent past, Microsoft has also taken over the “Nokia Lumia” line of mobile phones. The company’s operations include developing, licensing, supporting and selling computer services and customer electronics. Microsoft with its efficient work force stands to be the world’s largest software manufacturer. It has an estimated market capitalization of $450billion.
2. Alphabet Inc.- US$542.42 billion:
This conglomerate founded by Larry Page and Sergey Brin in 2015 is the parent company for Google and their other previously owned companies like Calico, GV, Verily, X, Google Fiber, Vevo, Wavii, Anvato, Jigsaw and many more. Its total workforce conists of 66,575 people and its annual revenue was estimated to be US$ 74.98 billion.
1. Apple Inc.- US$ 582.11 Billion:
With a market capitalization of around $590 billion, this popular company is known for its flagship products like Mac, iPod, iPad, Apple TV, OS X, iOS, iLife and others. It is the world’s largest information technology venture by revenue and total assets. It is also the first US Company to be valued over US$700 billion. It operates worldwide with about 478 flagship stores and about 115,000 employees.
These values give a clear cut idea about companies’ market value and consumer loyalty. To conclude, all these companies were founded with small funding and had to face a lot of struggles all along the way, but have succeeded in marking their success in the world stage now.