Technology companies are those organizations that primarily produce: computer hardware, internet, telecom equipment, software, semiconductors, e-commerce, and computer services. This article takes a look at some of the largest technology companies in the world by revenue according to the Fortune Global 500 list.
Apple was founded in April of 1976 by Steve Jobs, Ronald Wayne, and Steve Wozniak. Its headquarters are located in Cupertino, California in the US. Today, it has 115,000 employees and 478 retail stores in 17 countries. Apple is the largest technology company in the world with an annual revenue of approximately $233.7 billion. This revenue contributes 1.25% of the US national gross domestic product (GDP). This company develops computer software, consumer electronics, and online services. Some of its most well-known hardware products include: iPhone, iPad, Apple Watch, Apple TV, and the Mac personal computer. In 2014, Apple become the first US company valued at over $700 billion.
Samsung was founded in Suwon, South Korea in 1969, when it primarily produced electrical appliances and electronics. Today, it is the second largest technology company in the world with an annual revenue of $177.4 billion. Samsung has approximately 319,000 full time employees in 80 countries. Additionally, this company is the largest producer of mobile phones, smartphones, and televisions in the world. Some of its other products include: semiconductors, chips, flash memory, lithium-ion batteries, and hard drive devices. In 2005, Samsung defeated its major competitor, Sony, as the world’s most popular consumer brand.
Foxconn is the third largest technology company in the world with an average annual revenue of $141.2 billion. It was founded in 1974 by Terry Gou as Hon Hai Precision Industry; Foxconn was originally its trade name. Its headquarters are located in New Taipei City, Taiwan and it employees 1.3 million individuals on a full time basis. Foxconn is a contract manufacturer, meaning that it produces electronic components and products for other companies. Some of its biggest clients include: Nokia, Nintendo 3DS, iPad, iPod, iPhone, Blackberry, Playstation 3, Playstation 4, and Xbox One. This organization has been at the center of several scandals for its employee working conditions. In January of 2012, for example, 150 employees threatened to commit mass suicide as a form of protest. Foxconn already had a history of on-the-job suicides before this threat.
The fourth largest technology company, according to Forbes Global 500, is Amazon.com. This organization has an annual revenue of $107 billion and employs around 230,800 full time employees. Its headquarters are located in Seattle, Washington in the US. Amazon was founded in 1994 by Jeff Bezos as an online bookstore. It later incorporated DVD and CD sales, video and audiobook downloading and streaming, software, apparel, video games, jewelry, food, and toys. Today, it is considered a cloud computing and electronic commerce company. Amazon is the largest internet retailer by both sales and market capitalization.
HP Inc. + HPE
Headquartered in Palo Alto, California of the US, HP Inc. + HPE is the fifth largest technology company in the world. It has an annual revenue of $103.4 billion and employs 287,000 full time employees. These two organizations were once combined as one company: Hewlett-Packard. Hewlett-Packard split into HP Inc. and Hewlett Packard Enterprise on November 1, 2015. HPE became the new, publicly traded company. HP + HPE develop and sell hardware like computers and printers. Its target consumer are individuals who make frequent improvements to their computers and those that spend significant money on video games.
The chart published below has additional information about the largest technology companies in the world.
Which Are The World's Largest Technology Companies?
|Rank||Company||Industries||Revenue ( billions of dollars)||Employees||Headquarters|
|1||Apple Inc.||Mobile Devices, Personal Computing, Software||$233.7||115,000||Cupertino, CA, US|
|2||Samsung Electronics||Mobile Devices, Semiconductor, Electronics||$177.4||319,000||Suwon, South Korea|
|3||Foxconn||OEM Component Manufacturing||$141.2||1,300,000||New Taipei City, Taiwan|
|4||Amazon.com||Internet Retailer, Cloud Computing||$107.0||230,800||Seattle, WA, US|
|5||HP Inc. + HPE||PC, Printers, Enterprise solutions||$103.40||287,000||Palo Alto, CA, US|
|6||Microsoft||Software, Hardware, Cloud Computing||$93.58||118,584||Redmond, WA, US|
|7||IBM||Computing services, Hardware||$82.46||379,592||Armonk, NY, US|
|8||Alphabet Inc.||Internet, Software||$74.99||61,814||Mountain View, CA, US|
|9||Dell Technologies||Personal Computers, Enterprise solutions||$74.0||140,000||Austin, TX, US|
|10||Sony||Electronic Devices, Personal Computing||$67.51||131,700||Tokyo, Japan|
|11||Panasonic||Electronics Devices & Components||$62.92||254,084||Osaka, Japan|
|12||Huawei||Telecom & Networking equipment||$62.85||170,000||Shenzhen, China|
|13||Intel||Semiconductor||$55.35||106,700||Santa Clara, CA, US|
|14||LG Electronics||Electronics||$50.00||77,000||Seoul, South Korea|