The COVID-19 pandemic has severely impacted the economy around the world, causing many companies and industries to struggle, slow down, and even permanently grind to a halt. Small businesses such as restaurants, salons, and daycares have struggled immensely, with many shutting down for good. However, some major companies have thrived despite the weakened economy. Amazon has profited the most, making $401.1 billion during the period of January 1st, 2020 to June 17th, 2020. With people staying home and many shops closed down, people have turned to Amazon to fulfill their needs.
Microsoft comes in second with $269.9 billion, mostly due to cloud and video conference services. Apple comes in third with a net market cap gain of $219.1 billion, with services revenue increasing by 17%. Technology companies make up 60% of the top ten businesses that have experienced the most growth during the pandemic, which makes sense with employees and students shifting to virtual spaces to work and learn.