2019 was a tough year for tech companies when it came to privacy scandals, lawsuits and even the US and Europe’s antitrust probes into these companies. Some were even given heavy fines such as Alphabet Inc. Google being fined 1.49 billion Euros as a European Union antitrust penalty. However, despite the setbacks, these companies performed quite well during the year. Here we are looking at big tech companies performance in 2019.
The year 2019 is coming to an end and it’s time to look at how major tech giants did throughout the year. These companies definitely achieved a lot and brought us many new things this year. Analysts have looked into these companies and think that they did remarkably well despite the challenges faced. According to Forbes, all major tech giants including Google, Apple, Amazon, Microsoft and Facebook, all saw an increase in their market value.
Based on the Forbes report, Apple had the biggest growth in 2019 with the company market value increasing increased by $497 billion touching almost $1.25 trillion. Apple had a successful year in 2019 with the company even announcing and introducing new products like Apple TV+, its new streaming service.
Followed by Apple is Microsoft which has been doing pretty well under its CEO Satya Nadella and the company did very well in 2019. Microsoft market value rose by $408 billion bringing the company to a total of $1.19 trillion with Microsoft not far behind Apple with the title for the worlds most valuable company.
Google has had a tough year dealing with probes into the company over privacy concerns but despite all that the company’s market rose by $213 billion hitting almost a total of $934 billion bringing it really close to crossing that trillion dollar mark.
Amazon is not far behind with the company’s market value increasing by $150 billion bringing the company to a total of $887 billion. Amazon has its foothold in a lot of places from it’s online stores, cloud computing, advertising and even working on AI.
Lets all not forget about Facebook. The company has done very well this year despite facing privacy scandals like Google. Facebook’s market value rose by $213 billion with the total coming down to $587 billion.
As we can see, these tech companies performance was quite well during the year resulting in overall increase to their market value. 2020 is right around the corner and we’ll see how these companies continue to perform.