What are some of the most successful companies in the tech world?
The tech sector is one of the largest and fastest-growing segments of the global economy. It’s not hard to see why given the tremendous value we derive from technology every day.
And although there are hundreds of thousands of tech companies across the world, the sector is dominated by just a handful of big names. They’ve grown thanks to their technical innovation, successful scaling, world-class supply chain management, and great marketing.
Many of these companies have created powerful, truly transformative products – the world as we know it would not be the same without them.
Let’s take a deeper look at a few of these companies:
US-based Apple, one of the most recognizable brands in the world, is also one of the world’s largest tech companies– In 2021 alone, the company recorded $94.7 Billion in net income.
Apple was founded in 1976 by Steve Jobs, Steve Wozniak, and Ronald Wayne. Initially focused on developing personal computers, Apple would go on to become famous for producing products such as iPods, iPhones, iPads, iWatches, and other accessories.
Apple has been a huge force in shaping the tech market for the past two decades, and today, there are hundreds of millions of Apple devices all over the world.
Samsung, based in South Korea, is an electronics behemoth and is one of Apple’s greatest competitors. Their flagship brands, including their Note series and their Galaxy Z and S phones, are popular around the world.
In addition to competing in the mobile electronics space, Samsung also produces aircraft engines, image sensors, batteries, turbines, and more. The company took in over $43 billion in net revenues last year.
Employing over 1.29 million people, Foxconn is a Taiwanese tech manufacturing giant. They produce many of the parts for other tech companies’ iconic products, including Google Pixels, iPhones, Nintendo Switches, Redmi phones, Blackberry phones, and PlayStations.
In 2019, Foxconn pulled in $5 billion in net revenues.
Alphabet is the holding company that owns Google. Founded by Sergey Brin and Larry Page in 1998, Google is today one of the most iconic tech companies on the planet.
Besides providing Google Search, Google also operates Gmail, Google Maps, Google Drive, the Chrome web browser, the Android operating system, and YouTube.
Google’s innovative research extends from self-driving cars and smart-home products to the “life-extension” sciences. In 2021, Alphabet made $18.9 billion in net revenues.
Microsoft is the second-largest tech company in the world by market cap, sitting just behind Apple. Like Apple, the company is also incredibly profitable – in 2021, it took in $61 billion in net income.
Founded by Bill Gates and Paul Allen in 1975, Microsoft has become a global leader in the software market; though cloud computing, AI, machine learning, and blockchain technologies are also all becoming more important segments within the company.
Founded in 1987 by Ren Zhengfei, Huawei is a Chinese electronics and technology manufacturer and one of the most recognizable brands in China.
Huawei provides telecommunications equipment to large telecom companies around the world, including Motorola, Vodafone, British Telecom, and Bell Canada. It also manufactures a wide range of devices and accessories, including tablets, mobile phones, smart TVs, computers, and smartwatches.
Although 2021 was not a particularly strong year for them, Huawei still pulled in nearly $10 billion in net revenue.
Founded by Michael Dell in 1984, US-based Dell Technologies is perhaps most famous for being a personal computer manufacturer.
But today, the company also produces smartphones, TVs, servers, software, and more. In 2021, Dell made just over $3.5 billion in net revenues.
Hitachi, a multinational conglomerate headquartered in Tokyo, Japan, is by far the oldest company on this list – it was founded in 1910!
Though Hitachi began its early days manufacturing motors that were used in the mining industry, it is today a giant within the tech industry, producing everything from servers, telecom equipment, data storage devices, and software.
In 2021, the company made over $4.7 billion in net revenue, though much of this came from non-tech segments (including defense, construction, and automotive).
IBM is a US-based company that has a presence in over 170 countries around the world. They are a manufacturer of computer hardware, software, computer accessories, and many other products – such as ATMs and UPC barcodes – that most of us use in our daily lives. In 2021, IBM made $3.4 billion in net revenue.
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