Since the demand for tech products is ever increasing, tech companies develop and produce more and more every day. The purpose of tech companies is to engage in research, development, and production of goods and services. With this goal, tech companies have taken over the stock market with more than 7 companies in the top 10. With the pandemic in effect, the demand for tech services has been on the rise hence some companies have seen their best Quarters so far.
In Forbes 2019 ranking for the largest companies in the world, around 154 tech companies have claimed a spot. The majority of these companies are situated in the USA while a number of them are in China, Taiwan, Japan, and other countries. As mentioned before some tech companies have seen their best quarters while others are going through the worst. Because of the economic crisis, the demand for smartphones has fallen drastically, but that has not stopped Apple from being the largest tech company in the world for quite some time. That might be because Apple produces a variety of other products as well.
Also Read: 9 Innovative Startups to Watch in 2020
Following is the list of top 10 tech companies based on their Trailing Twelve Month (TTM) revenue. These companies are publicly traded and owned and a majority of these companies are based in the US.
Apple is leading the tech industry for quite a while now, even though the smartphone market has seen a dip. Apple has stayed on top with its wide variety of products ranging from smartphones, smartwatches, personal computers, tablets, and home entertainment options. The most famous Apple products include iPhones, MacBooks, iPads, Apple TV, Apple Watch, Apple Music, and its streaming service Apple+. Apple’s revenue TTM for 2019 was $268 billion while the net income TTM was $57.2 billion. The company’s market cap is $1.4 Trillion.
Also Read: FleetSmith acquired by Apple
Samsung is not far behind Apple, Samsung is also one of the leading smartphone manufacturers in the world. Both Apple and Samsung have been competing to get a hold of the smartphone market for quite some time, but smartphones are not the only thing Samsung is good at. The company offers a wide range of products, more than Apple, as Samsung has its claws in the consumer electronics industry. The company’s catalog includes wearable products, smartphones, TV, tablets, and a wide variety of home appliances. Samsung’s revenue TTM is at $ 197.5 billion while the net TTM is at $18.4 billion, its market cap is at $325.4 billion.
Hon Hai Precision
Hon Hai Precision is a Taiwanese based electronics manufacturing company that specializes in electronics and electronic components. The company also produces IT, communications, automobile, and precision modeling equipment. The company is famous by the name of Foxconn. It has also been a key supplier for Apple as it has manufactured most parts for the iPhone. The company first started dealing with Apple back in 2000 for the production of iMac. Foxconn’s revenue and net TTM are at $173.1 billion and $3.7 billion while its market cap is at $36 billion.
The company was founded by Bill Gates and Paul Allen in 1975 but it really took off in the 90s with the introduction of Windows. Since then the company has only grown and now offers a wide range of products like personal computers, mobile phones, and softwares. Their most popular products by far are Windows OS and Office suite along with Cloud services like Azure. The company also owns and operates Linkedin, as the company’s stock is at the highest it has ever been. Microsoft also produces the famous gaming console Xbox. Revenues and Net TTM are at $138.7 billion and $46.3 billion while its market cap is at $1.4 trillion.
Dell is a manufacturing giant that produces hardware components for IT products, it also has a variety of personal computers and storage options. There is a cloud-based storage service being offered by Dell as well, but the company is primarily known for its range of personal computers and laptops. Dell’s TTM is $92.2 billion $4.6 billion for revenue and net while the market cap is at $31.2 billion.
Sony has its roots in nearly every industry including but not limited to electronics, personal computers, video cameras, the video gaming industry, and motion picture studios. The famous PlayStation console lineup is owned and produced by Sony along with a number of famous movies, Sony also has the rights to Spiderman and 900 other Marvel characters. It has also been the manufacturer of the famous smartphone series Xperia and the laptop series Vaio. Sony’s market cap is at $80.0 billion while its revenue and net TTM is at $79.3 and $6.0 billion.
The International Business Machines Corporation is a conglomerate that provides services in the field of information technology and communications. IBM offers hardware and software solutions, along with cloud storage, security, financial, IoT, and weather-related services. As of now IBM’s trailing 12-month revenue and net income is at $76.5 billion and $9.0 billion while the market cap is 106.8 billion. IBM has recently been in the news for its AI-ready Watson Computing devices.
Intel is the current leader in Chipsets manufacturer as it holds most of the market share for processors and chips because of its powerful processors. Intel corp offers a variety of chipset for mobile devices, tablets, personal computers along with programmable semiconductors. The company also offers cloud-based services and flash memory for notebooks and mobile devices. Intel’s revenue and net TTM along with market cap is at $75.7 billion, $22.7 billion and $247.2 billion.
Panasonic has been around for quite sometimes and is best for its home appliances, broadcast, and professional AV equipment. The company also produces smartphones, tablets, computers, and projectors along with a wide range of television sets, air conditioners, and refrigerators. Panasonic is of Japanese origin and has a market cap of $17.4 billion while maintaining revenue and net income TTM of $70.4 billion and $2.6 billion.
The last company on our list is Hewlett Packard founded by David Packard and Bill Hewlett in 1939. HP is best known for its personal desktop computers and laptops, it also offers a wide range of other electronic devices as well. Some people might know HP for its printing and scanning devices as they produce some best products in the class.