Wednesday, May 25, 2022

Here’s a look at the Fortune Global 500 rankings for this year with Walmart ranking at the top and Amazon at 3rd

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Today “Fortune” magazine released the Fortune Global 500 rankings, and the report was overdue due to the crown epidemic, CORONAVIRUS. According to the listing, the total operating income of the Fortune Global 500 companies this year stands at about 31.7 trillion yuan.

As we know, the U.S. dollar is running 5% down from last year and the threshold to enter the rankings has also dropped from US$25.4 billion to US$24 billion. It’s not just that but the total net profit of all the companies on the list this year was US$1.6 trillion, which is 20% less year-on-year compared to last year and is also the biggest drop since 2009.

And as everyone has guessed, the major reason behind this sudden downfall is the impact of the crown pandemic. The COVID-19 has disrupted the global supply chain, and economic activities in Western Europe, North America, and East Asia as well as is responsible for the latest global chip shortage.

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This year Wal-Mart became the world’s largest company for the eighth consecutive year, and China’s State Grid Corporation has risen to second place, with Amazon entering the top three for the first time, and Apple reaching up to the sixth place.

In terms of profit, Apple tops the list. The company reported a profit of 57.4 billion U.S. dollars. It was closely followed by  Saudi Aramco with a profit of approximately US$49.3 billion. Coming in the third position is Japan’s SoftBank Group with a profit of 47 billion U.S. dollars.

Coming to the others in the profit list, Microsoft, Google’s parent Alphabet, and Facebook ranked fifth, seventh, and tenth respectively on the profit list. And this is not just that but Tesla and Netflix also made the list for the first time and ranked 392th and 484th respectively on the list. The IKEA franchisee Ingka Group also ranked first time on the list ranking 286th.

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Coming to the software field we have Google and Apple’s, Android and iOS operating systems that account for 81.5% and 18.4% of the market, respectively. Meaning that these OSs controls almost all of the entire smartphone operation in the world.

Looking at the profit margin list, the highest-ranking companies are from Japan, China and the United States is the SoftBank Group which has a profit margin of 83.7%, with TSMC ranking second, and finally  Facebook coming at third China. Coming out of the fourth rank we have Tencent with a profit margin of over 33%.

source

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Nivedita Bangari
Nivedita Bangari
I am a software engineer by profession and technology is my love, learning and playing with new technologies is my passion.

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