EVERY day, prices of company stocks go up and down.
It’s a free market, and people buy stocks to make bets on which company would do well in the near and far future. Normally, the company that has a bigger valuation is the company that will give the best returns in the years to come.
For the second quarter of 2018, in terms of market capitalization, seven out of the top 10 companies in the world are in technology. Hopefully, this indicates the promise of technology.
Apple remains at the top with an estimated value of $1.096 trillion. It is the first American company to reach the trillion-dollar mark. Apple’s profitability continues to rise due to its high quality and stylish products that entered the consciousness of the masses, thanks, in part, to Steve Jobs’ brilliant marketing scheme.
Amazon comes at a close second at an estimated value of $974.02 billion. It is the second American company to briefly reach the trillion-dollar mark just this August. From offering electronic books to sending packages, Amazon has been relentless in finding new ways to innovate the human experience.
Part of the top 10 companies involved in the technology sector also include Alphabet, Microsoft, Facebook, Tencent Holdings, and the Alibaba Group. The non- tech companies are Berkshire-Hathaway, a conglomerate headed by Warren Buffet, JP Morgan Chase and Exxon Mobil.
What is significant is the inclusion of Tencent and Alibaba, the only Chinese-owned companies on the list. Tencent is known for WeChat, a social media communication platform in Asia. On the other hand, Alibaba specializes in e-commerce and retail services, similar to Amazon.
China has been growing rapidly, and another list posted that among the top 20 tech companies in the world, nine are from China.
I can only hope that Filipino-owned companies can one day accomplish such a feat.