Most Valuable Brands 2020: Huawei Enters the Top 10 List for the First Time


Most Valuable Brands 2020 Huawei

Recently, Brand Finance finally published its latest 2020 edition of the Global 500 report. The report consists of the top 500 global companies on the basis of their brand value. Well, here is the list of the top 10 most valuable brands of the year 2020. For the third year in a row, Amazon has topped the chart with a valuation of $220.7 billion. The e-commerce giant has witnessed 17.5% of growth as compared to the last year. It is also worth mentioning that this is the very first time that a company has surpassed the $200 billion mark.

Google, this time, managed to bag the second place with a $159.7 billion valuation. This means that the search engine giant has seen an improvement of 11.9 percent. It seems like things are not looking good for the Cupertino-based company. In fact, Apple’s brand valuation has dropped from $153.6 billion to $140.5 billion – an 8.5% decline – leading to third place. You can find the entire list along with the brand valuation below.

Top 10 Most Valuable Brands in 2020

  1. Amazon – $220.7 billion (17.5% improvement)
  2. Google – $159.7 billion (11.9% improvement)
  3. Apple – $153.6 billion (8.5% decline)
  4. Microsoft – $117.0 billion (2.1% decline)
  5. Samsung – $94.4 billion (3.5% improvement)
  6. ICBC – $80.7 billion (1.2% improvement)
  7. Facebook – $79.8 billion (4.1% decline)
  8. Walmart – $77.5 billion (14.2% improvement)
  9. Ping An – $69.0 billion (19.8% improvement)
  10. Huawei – $62.2 billion (4.5% improvement)

Huawei Enters the List for the First Time

As you might have guessed from the list, Huawei has entered the top 10 most valuable brands chart for the very first time. Earlier, Huawei was at the 12th rank. With an improvement of 4.5%, the Chinese company’s valuation now worth $62.2 billion. With that said, we have seen the highest brand value in the tech sector with the combined valuation being a total of $986.5 billion from 46 companies. The telecom sector, on the other hand, has seen a significant decrease. This could be due to the growing presence of voice calling from various messaging services such as WhatsApp. Well, we might see the telecom sector getting back on its feet with the increasing demand for 5G connectivity.

Read Also:  TENAA confirms that the two Huawei P40 models will be 5G

 

Source :

GSMArena

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