Samsung Electronics obtained 22nd position in the world’s market capitalization!

Samsung Electronics a leading tech firm of South Korea is ranked 22nd among the top listed 100 companies on the stocks around the world in terms of market capitalization. Though the company has secured the 22nd rank in the market cap among the top 100. If we compare its rank from the previous year it has fallen to the seven ranks below.

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PricewaterhouseCoopers (PWC) has prepared this list and has recently released a list of the world’s top 100 companies in market capitalization. It has sourced all its report data from the research and analysis firm, Bloomberg.

Samsung Electronics is the one and only Korean company to be included in the list of fortune 100. Its market cap stood at $342 Billion, which is down by 21 percent from 2021 to $431 Billion.

Previously it was the top 10 major companies that have suffered a heavy drop in the one year. Looking at the global scenario Samsung is very much concerned about the global inflation in raw materials and the product pricing.

However, Apple has taken the top spot in the market capitalization with $2.85 trillion. Which is followed by Microsoft in the second place, and Saudi Aramco in the third place. The other companies like Alphabet came in fourth place.

This time Amazon was spotted in the fifth position, and Tesla, Berkshire Hathway, and Nvidia have to satisfy with 6th, 7th, and 8th positions respectively.