The top consumer electronics and telecom product manufacturers are those who have managed to evolve their products in line with consumer expectations and desires. In this highly competitive market, innovation and consumer loyalty are key. From creators of semiconductors to engineers of mobile phones, here is BizVibe’s list of the top 5 companies leading the electronics and telecom market today:
- Apple, Inc.: Founded in 1976 by Steve Jobs, Steve Wozniak, and Ronald Wayne, Apple has grown into a worldwide consumer electronics and telecom giant. At the end of FY2016, the company’s revenue totaled USD 215 billion, with almost 500 retail store locations around the world. Apple offers a range of laptop and desktop computers (Macbooks and iMacs) mobile phones (iPhones), tablets (iPads), and portable media players (iPods). In 2015, it released the Apple Watch, the first in its line of smartwatches. Its Apple Music, iTunes, iBooks, iMovies, and related services have contributed substantially to its revenue and success. North America is a key market for Apple, as is China.
- Foxconn: Headquartered in New Taipei City, Taiwan, FoxConn manufactures components for consumer electronics products from Apple, Blackberry, Nintendo, and Sony, amongst other tech giants. Foxconn has 12 factories in nine Chinese cities, and also has operations in Brazil, India, Japan, Malaysia, Mexico, South Korea, the United States, and Europe. It employs roughly 1.3 million people and generated revenue of more than USD 136 billion in 2015.
- Samsung Electronics: Samsung entered the electronics industry in the late 1960s, having initially been established as a trading company in the 1930s. Its electronics arm, Samsung Electronics, has grown to be the world’s second-largest information technologies company, with revenues for Q2 2017 expected to reach more than USD 12 billion. Its phone business has concreted its success in the consumer electronics and telecom industry. Samsung Electronics is the world’s largest manufacturer of mobile phones and smartphones, thanks to the popularity of its range of Samsung Galaxy devices. It is also the world’s largest manufacturer of memory chips and televisions.
- Intel Corp.: The company supplies processors for computer system manufacturers, including Apple and Dell. It also makes motherboard chipsets, flash memory, graphics chips, embedded processors, and other devices and consumer electronics related to telecommunications and computing. Intel generated revenue of more than USD 59 billion in FY2016, and employed more than 100,000 people.
- Microsoft: In addition to its other technological ventures, Microsoft offers consumer electronics including notebooks, PCs, video gaming systems, Windows and other software suites, tablets, and mobile phones (though it recently ended support for the Windows phone and gutted its phone business). Microsoft had over 114,000 employees at the end of FY2016, and generated over USD 85 billion in revenue. Its line of Surface devices and its X-box business has contributed significantly to the company’s success in the realm of consumer electronics.
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