Top 5 Companies That Benefited The Most During The Pandemic
2020 has been a challenging year for businesses in a variety of industries. The coronavirus crisis has crushed the global economy; not only killed over 2.5 million people worldwide but also disrupted each nation’s economy. Food industry, airlines, cruises, media production, manufacturing, retail, oil, and gas have been directly impacted by the pandemic. But the industry keeps surviving to face the new normal. In this article, let’s take a look at the top 5 companies that benefited the most from the pandemic.
1. Amazon
As world leaders in e-commerce, Amazon became the emergency port of call for those desperate to stock up on vital household goods and products to protect them from Covid-19, like hand sanitizer, face masks and disinfectants. According to CNBC between February and March, toilet paper sales jumped 186% on Amazon from a year ago, while cough and cold medicine sales surged 862% year over year.
2. Microsoft
Microsoft’s profits soared during the first three months of 2021. According to ABC News, revenue from Microsoft’s productivity segment, which includes its Office suite of workplace products such as email, grew by 15% over the same time last year, to $13.6 billion. Its cloud computing business segment grew 23% to $15.1 billion.
3. Apple
Apple managed to release a new iPhone, iMac and MacBook Air during the pandemic, drawing more users into an ever-expanding ecosystem of wearables and services. Apple executives predicted sales of some items would even accelerate, as millions of consumers working from home would opt to upgrade their electronics.
4. Tesla
The clear technology leader for battery-powered cars, founded by billionaire Elon Musk is now worth more than the five top-selling global vehicle making groups combined. Tesla has recorded a fifth quarter in a row of profit, as sales of its electric cars accelerated to a new record despite the pandemic.
5. Facebook
Facebook usage has soared during the pandemic, more than 3.3 billion people use a facebook-owned app at least once a month. According to the verge, the company reported fourth quarter earnings on Wednesday of more than $28 billion in revenue with profit of $11.2 billion.
As the world continues to adapt to the COVID-19 pandemic and companies begin to make sense of a dramatically altered business landscape, innovative and talented leaders are needed more than ever.
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The three concentrations are:
- Digital Marketing
- Finance & Business Analytics
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About SGU
SWISS GERMAN UNIVERSITY (SGU) is an international university in Indonesia, was established in 2000 as a joint effort between Indonesia, Germany, Switzerland, and Austria. We are the pioneer in offering international curricula in Indonesia. Qualified students can graduate with a Double Degree from Indonesia and Germany, which SGU provides in cooperation with partner universities; surely a valuable tool for your future careers. Ever since its establishment, SGU has been dedicated to delivering quality education in line with international standards and aims to develop skilled professionals who meet the demands of the industry. In order to achieve its objectives, SGU offers quality-oriented learning through 12 Bachelor’s Degree Programs and 4 Master’s Degree Programs ranging from Engineering, Information Technology, and Business to Life Sciences and Social Sciences. Furthermore, with small class sizes, and with English as the medium of instruction, you can look forward to pursuing your tertiary education and degree with full confidence.
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