In 2022, the most profitable American companies will be those that have adapted to the changing landscape and found new ways to succeed. The pandemic has forced many businesses to change the way they operate, and those that have been able to do so quickly and effectively will be the ones that come out on top.
Technology companies are well positioned to take advantage of the new normal, as are companies that provide essential goods and services. Here are five of the most profitable American companies that you should keep an eye on in 2022:
Amazon is expected to be one of the most profitable American companies in 2022. The company has been growing rapidly in recent years, and its sales are expected to continue to increase. Amazon's main source of income is its online marketplace, which sells a variety of products. The company also has a cloud computing business, which is growing rapidly. Amazon is expected to continue to invest in new businesses, which should help it maintain its position as one of the most profitable companies in the United States.
Google is an American multinational technology company specializing in Internet-related services and products. These include online advertising technologies, search, cloud computing, software, and hardware. Google was founded in 1998 by Larry Page and Sergey Brin while they were Ph.D. students at Stanford University in California. Together they own about 14 percent of its shares and control 56 percent of the stockholder voting power through supervoting stock. They incorporated Google as a privately held company on September 4, 1998. An initial public offering (IPO) took place on August 19, 2004, and Google moved to its headquarters in Mountain View, California, nicknamed the Googleplex. In August 2015, Google announced plans to reorganize its various interests as a conglomerate called Alphabet Inc. Google is Alphabet's leading subsidiary and will continue to be the umbrella company for Alphabet's Internet interests. Sundar Pichai was appointed CEO of Google, replacing Larry Page who became the CEO of Alphabet.
Facebook is an American online social media and social networking service company based in Menlo Park, California. Its website was launched on February 4, 2004, by Mark Zuckerberg, along with fellow Harvard College students and roommates Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes. The founders initially limited the website's membership to Harvard students. Within a month, more than half of Harvard's undergraduate population had registered on the service. In March 2004, Facebook expanded to Columbia, Stanford, and Yale. It then opened to all Ivy League colleges, Boston University, New York University, MIT, and gradually most universities in the United States and Canada.
Apple is expected to be one of the most profitable American companies in 2022. The company has a strong brand and loyal customer base, and its products are in high demand. Apple is also well-positioned to benefit from the growing trend of people working from home and using mobile devices for work. The company is expected to generate revenue of $473 billion in 2022.
Walmart is an American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores. Headquartered in Bentonville, Arkansas, the company was founded by Sam Walton in 1962 and incorporated on October 31, 1969. As of January 31, 2020, Walmart has 11,484 stores and clubs in 27 countries, operating under 55 different names. The company operates under the name Walmart in the United States and Canada, as Walmart de México y Centroamerica in Mexico and Central America, as Asda in the United Kingdom, as the Seiyu Group in Japan, and as Best Price in India. It has wholly owned operations in Argentina, Chile, Canada, and South Africa. Since August 2018, Walmart only holds a minority stake in Walmart Brazil, with 20% of the company's shares, and private equity firm Advent International holding 80% ownership of the company.