The tech market is found to have some of the most valuable brands on Earth in 2020
The Brand Finance Global 500 2020 report has found that the tech space has amassed a value of US$966.5 billion, beating banking, retail, telecomms and audio to the most valuable spot by sector. It represents a total of 46 (or 14%) of the brands studied in this publication. Of these, 5 also make up the top 10 most valuable.
They are Google (#2); Apple (#3); Microsoft (#4); Samsung (#5), and Huawei, which made it in at #10. It was found to have a value of US$65 billion. It is the only Chinese tech OEM in this shortlist, and was found to have shipped 44 million units of its Mate and P-series smartphones in 2019, or 50% more compared to 2018.
Huawei's place in this top 10 has also come despite a year marred by its ban from working with US corporations, which led in turn to its inability to officially provide Google Play Services on its phones. It has responded by developing its own app store, mobile services and so on, which it now reportedly intends to persevere with as an alternative to the conventional, Mountain View-dominated Android ecosystem.