In today’s world, no one can separate themselves from electronic devices. They believe that the electronic device that they are handling can help them finish their work and this is true though as the electronic devices help one to complete his job more easily and efficiently.
With the same, the electronics also plays a major part in the nation’s development process and in enhancing the production and productivity of the economy. Thus the electronic products can be called as a fundamental component of modern technology. Based on their sales, the list of top ten richest multinational electronic companies in the world 2020 are as follows:
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The American multinational company, Intel, has its headquarters in Santa Clara, California. With a sale of $ 55.9 B, it earned its name as one among the top brands of mobile microprocessors and personal computers. This technology company was founded in the year 1968 by Gordon Moore and Robert Noyce. The company designs and manufactures chipsets, microprocessors, motherboards, wired and wireless connectivity components and accessories and sells them across the world.
They supply processors for Apple, Dell, HP and Lenovo. The company has six major business segments- Data Centre Group, PC Client group, Internet of Things Group, Intel Security Group, Programmable Solutions Group and the Non-Volatile Memory Solutions Group. Some of its major products include mobile processor, Classmate PC, 22nm processors, server chips, Personal Office Energy Monitor, Car security system and IT Manager 3. Its recent innovation is the smart wearable earbuds which provide fitness information.
9. LG Electronics
LG Electronics is a multinational electronics company which was founded in 1958 by Hwoi Koo in South Korea. Its Headquarters is based in Yeouido-dong, Seoul, South Korea. With a global sale of $56.84 billion, LG has reached to number nine on the list of the top richest electronics company in the world.
The company comprises of five major business units, i.e., TV and Home Entertainment, Air conditioning and Energy solution, Home appliances, mobile communication and computer products, and vehicle components. Its chronology of products ranges from TV sets, refrigerators, Home theater systems, washing machines, smartphones and computer monitors. Its recent innovation is the smart home appliances, Android-based smartwatches, HomeChat and G series Tablets.
The Chinese multinational company, Toshiba Corporation has its headquarters in Tokyo, Japan. The company was founded in the year 1938 in the name of as Tokyo Shibaura Electric K.K. It manufactures and sells diversified business domains including consumer electronics, information technology and communications equipment, power systems, electronic components and materials, household appliances, industrial and social infrastructure systems, medical as well as office equipment and also lighting and logistics products.
In the terms of revenues, the company was the fifth largest PC vendor and fourth largest semiconductor vendor in the world. With the total global sales of $ 63.2 Billion, Toshiba is considered as the eighth richest electronics company in the world. Its five major business groups are the Electronic Devices group, Digital products group, Home appliances group, Social infrastructure group and others. Some of its widely supplied products include TV sets, air conditioners, washing machines, refrigerators, control systems, Office and medical equipment, its IS12T smartphone, and SCiB rechargeable battery. 2. 3D flash memory and Chromebook version1 is its recent innovation.
Panasonic Corporation is a Japanese multinational company with international sales of 73.5 billion dollars. It was founded in 1918 by Konosuke. Its headquarters is based in Osaka, Japan. The company has raised to be the largest producer of electronics in Japan and has established itself in Indonesia, North America, India, and Europe. It operates through many segments like the Eco solutions, Appliances, Audiovisual computer network, Industrial systems, and Automotive.
Panasonic supplies a wide range of products in the global market and they are TV sets, conditioners, projectors, washing machines, camcorders, automotive communication, bicycles, headphones and many mobile devices such as Eluga smartphones and GSM cell phones and numerous other products. With the same, it also offers non-electronic products such as home renovation. Its recent development is the smart TV’s that are powered by Firefox OS.
Sony Corporation is a Japanese multinational company that was founded some 70 years ago in the year 1946 in Tokyo, Japan. The founders of the company are Masaru Ibuka and Akio Morita. It was formerly known by the name of Tokyo Tsushin Kogyo KK. The company comprises of four major business units, i.e., the motion pictures, music, electronics, and financial services. It has largely dominated the international market in the field of home entertainment products and video games. Sony’s major part of business comes from the Sony music Entertainment, Sony pictures Entertainment, Sony computer Entertainment, Sony Financial and Sony mobile communications.
The company has used the modern digital technology to acquire excellence in their operations. Some of its products include Sony tablets, Sony Xperia smartphones, Sony Cyber-Shot, Sony VAIO laptops, Sony BRAVIA, DVD players Sony Blu-ray Disc, and Sony Playstations like the PS3, PS4, etc. Apart from these electronic products, it also supplies financial and medical services to its consumers. It has a global sale of 76.9 billion dollars which makes it the world’s number sixth richest electronic company.
The Japanese multinational conglomerate company, Hitachi Ltd. was founded in the year 1910 in Ibaraki, Japan by Namihei. It has its headquarters in Tokyo, Japan. It has a large number of business segments including Power systems, Information, and telecommunication system, electronic systems and equipment, Social infrastructure and Industrial systems, Digital media and consumer products, construction machinery, and financial services.
The major industries that are targeted by this company are Rail systems, Power systems, Home appliances and Infocomm technology. It has a global sale of 91.26 billion dollars with its wide range of products including home appliances, interactive whiteboard, air conditioners, and LCD projectors.
The world’s largest software producer, the Microsoft Corporation MS was founded in the year 1975 in Albuquerque, New Mexico, U.S by Bill Gates and Paul Allen. Its headquarters is based in Redmond, Washington, U.S. The company supplies new products for every industry domain and is engaged in manufacturing and selling new software, computer accessories and consumer electronic goods. Their products include servers, computer operating systems, video games, mobiles, software development tools, and online advertising.
Apart from software products, the company has also supplied a wide range of hardware products as well. They include Microsoft tablet, XBOX gaming consoles, etc. From time to time the company has rebranded their products portfolio. In the year 2011, they have acquired their largest acquisition,i.e., Skype technologies for 8.5 billion dollars. With the international sales of 93.3 billion dollars, Microsoft has peaked to the fourth richest electronic companies in the world.
3. Hewlett Packard, HP
The third richest electronic company of the world is the HP or Hewlett Packard. The company was founded in the year 1939 by William Hewlett and his friend David Packard. It is headquartered in Palo Alto, California. They provide a wide range of software, hardware, and other computer accessories to their consumers as well as Small and medium Enterprises (SMEs).
Their product lines include a wide range of Imaging and Printing Group such as Inkjet and Laser printers etc, personal system groups such as Business and Consumer PC etc, HP Software Division, HP Enterprise Business, HP financial services and corporate investments. The major products offered by them are Ink and toner, Printers and scanners, Digital cameras, Tablets, calculators, monitors, PDAs, PCs, servers, workstations, care packs, and accessories. They have a global sale of 109.8 billion dollars and also provides their customers with their personal online store which opens convenient ways to order their products online.
2. Samsung Electronics
The South Korean multinational company, Samsung Electronics is the world’s second richest electronic company which was founded in 1969. It has its headquarters in Suwon, South Korea. The company has three major business segments- Consumer Electronics, Device solutions, and Information technology and mobile communication. They are major vendors of smartphones and a large range of tablets which is also giving rise to “Phablets engineering”.
Their electronic products range covers digital cameras, Laser printers, home appliances, DVD and MP3 players, etc. Their semiconductor devices include Smart cards, flash memory, RAMs, mobile TV receivers, and other storage devices. Samsung also provides OLED panels for laptops and other cellular devices. With a global sale of 195.9 billion dollars, Samsung has now become the number one mobile phone maker in America and is in a hard competition with Apple in the US.
Apple is the world’s richest electronic company. It was founded in the year 1976 by Steven Paul Jobs in California, United States. It also has its headquarters in Cupertino, California. The company designs and manufactures the world’s best PCs and mobile devices and supplies it worldwide. They also market varieties of related software, networking solutions, peripherals, and 3rd party digital content. Some of their most famous products include iPad, iPhone, iPod, Apple TV, Mac, Apple Watch, iCloud Services, electric vehicles etc.
The company has also dominated their online presence through App store, iBook store, iTunes store etc. It has also been stated by some sources that the Lufthansa airlines along with Singapore, Delta, and United airlines will recently launch an Apple Watch App. Apple has a near about 470 stores across the geographies and had contributed its best in every field of consumer electronics. Their global sales have reached to an impressive amount of 199.4 Billion dollars.
Hence these are the list of top 10 richest electronic companies in the world in 2020. They not only marketed their wide range of products within their mere territories but has supplied all over the world and has earned their name among the top tens.