The information technology domain is where it’s all happening these days. The latest technological advances, recent inventions of devices and services that have changed our everyday routine, some of the greatest minds of the 20th and the 21st century all came from the IT sphere. But which company here is the biggest one?
It might come as a surprise that Intel and Google didn’t make the top 10, as they were ranked at No. 11 and No. 12 respectively. However, all other IT giants did find their place on out top 10 biggest IT companies list in terms of revenue. Check it out below.
10. Fujitsu – $54.46 billion revenue
IT titan from Japan, Fujitsu, gets to crack our top list with a $54.46 billion revenue. Founded back in 1935 as Fuji Tsushinki Seizi, it remains as one of the oldest IT companies in the world. Fujitsu proved itself as one of the computer pioneers with their production of Japan’s first computer, FACOM 100, in 1954.
Yet another pioneering act came in 1992 with the introduction of the world’s first 21-inch full-color plasma display, a technology considered futuristic at the time. The company’s name was officially shortened to Fujitsu in 1967, although the new name was used unofficially for a long set of years. Fujitsu is also a founder of Kawasaki Frontale football club, a member of the J. League Division 1 initially known as Fujitsu F.C. upon it’s foundation in 1955.
9. Amazon – $61.09 billion revenue
Possibly the world’s biggest Internet company and one of the biggest websites online, Amazon.com lands at our No. 9 with a $61.09 billion revenue. Founded in 1994 by Jeff Bezos as an online bookstore, the service quickly attracted a great number of users, eventually becoming the biggest online retailer in the world. Interestingly enough, Bezos used to work at McDonalds prior to founding the company.
He is now worth over $23 billion and was named The Person of the Year by the Times magazine in 1999. As for the Amazon, it quickly outgrew the book domain and is now selling products from virtually all industries, functioning worldwide with separate retail websites for the US, Canada, UK, France, Germany, Italy, Spain, Brazil, Japan and China.
8. Dell – $62.07 billion revenue
Our list is mostly dominated by US companies, and Dell is no exception. Founded in 1984, it is among the younger ones, but has still managed to find its place in the top 10 with a revenue of $62.07 billion. As the third biggest PC vendor, it employs over 100,000 people around the world. Despite the success, the company is also known for a series of bad decisions, especially when it comes to more modern technologies such as smartphones and tablets.
There is even a quote that company founder Michael Dell is very well known for. When Steve Jobs asked him what he would do with Apple back in 1997, Dell replied: “What would I do? I’d shut it down and give the money back to the shareholders.” Luckily, Jobs didn’t listen.
7. Microsoft – $73.72 billion revenue
This brings us to world’s biggest software manufacturer – Microsoft. Co-founded by Bill Gates, currently the second wealthiest man in the world and one of the most well-known individuals in the world of IT, Microsoft started off in 1975 in Albuquerqe. The second co-founder was Paul Allen, who actually came up with the name Microsoft as an abbreviation of words microcomputer and software. The company started gaining dominance with the MS-DOS operating system, just to completely solidify its OS domain rule with the launch of Windows in 1984.
Several other successful ventures include MSN, search engine Bing, XBox and XBox 360 gaming consoled and even mobile phones with the latest Windows Phone launch. Microsoft currently employs about 97,000 people and has an estimated revenue of $73.72 billion.
6. Panasonic – $99.65 billion revenue
Number 6 of our list brings us the biggest IT company in Japan – Panasonic. Founded in 1918 as a duplex lamp sockets vendor, Panasonic grew to a globally renowned global electronics manufacturer. The company is currently listed as the fifth biggest TV manufacturer and proved itself as a somewhat of a pioneer in the past. In 1965, through its Technics brand, Panasonic has officially introduced hi-fi audio speakers to Japan.
But things aren’t going too well for Panasonic these days. In November 2012, company’s shares fell to their lowest level since 1975, taking a total plunge of 41% in 2012. A cut of 10,000 jobs was subsequently announced.
5. IBM – $104.5 billion revenue
As the oldest company on our list, IBM was founded way back in 1911 in the village of Endicott in New York, US. From the humble beginnings, it grew into a technology giant, employing a total of over 430,000 people, earning itself a title of the second biggest employer in the US.
As quite possibly the biggest innovator of all time, IBM was the company behind the invention of ATM, floppy disk, hard disk drive, UPC barcode, magnetic stripe card, relational database model, Sabre Global Distribution System (GDS) and DRAM memory. This won the company a record for most generated paterns for 20 years in a row, earning its employees a total of five Nobel Prizes, six Turing Awards, ten National Medals of Technology, and five National Medals of Science. Talk about success and inovation, right?
4. Foxconn – $119 billion revenue
Founded in 1974, this electronics giant is Taiwan’s sole representative on our list, as well as its biggest employer with a staggering number of 1,230,000 employees. Like many great companies, Foxconn had humble beginnings starting off in a rented shed in Taipei suburbs with founder Terry Gou using $7,500 of startup money to hire 10 workers and make plastic parts for television sets. Now, Foxconn has a revenue of $119 billion, rightfully landing at No. 4 of our list. Some of the notable products the company is manufacturing include the iPad, iPhone, iPod, Kindle, PlayStation 3 and Wii U.
3. HP – $120.3 billion revenue
Cracking the top 3 is the world’s biggest PC vendor and one of the biggest computer hardware and software manufacturers – Hewlett-Packard, or HP. Founded in 1939, HP’s rise to fame and success began in a garage in Palo Alto with co-founders William Bill Redington Hewlett and Dave Packard joining forces and venturing into the world of information technology. Interestingly enough, Packard even served as US Deputy Secretary of Defense during the Nixon administration from 1969 to 1971.
The company is now giving employment to a total of just over 350,000 people. Some of the products HP is very well known for include printers, digital cameras, scanners and calculators. Based on the so called “HP Way,” the company has supported innovation, flexibility and dedication from the very start. The HP Way is based on the following 5 tenets:
1. We have trust and respect for individuals.
2. We focus on a high level of achievement and contribution.
3. We conduct our business with uncompromising integrity.
4. We achieve our common objectives through teamwork.
5. We encourage flexibility and innovation.
2. Apple – $156.5 billion revenue
At that very top of IT innovation, along with the likes of Microsoft and IBM, Apple found its place with a series of revolutionary inventions. Co-founded by Steve Jobs, Steve Wozniak and Ronald Wayne in 1976, the story of Apple proved as an inspiration to entrepreneurs all over the world. You will definitely see the pattern here, as Apple was founded in a garage, but what makes it stand out even more is that it was founded on April Fools day, just proving that with proper knowledge and willpower there is no limit.
There’s a possibility that you never heard of Apple’s third co-founder Ronald Wayne. Wayne gave up on Apple soon after it was initially founded, selling his share of the company for $800. If he had just kept his share, he would now be richer for over $60 billion. Although he has stated that he doesn’t regret anything, Wayne’s decision is often considered as one of the biggest mistakes ever in the business world.
Macintosh, iPhone, iPad, iPod, MacBook, graphic user interface and computer mouse as we know them are just some of the inventions from Apple. What is also interesting is that Steve Jobs, just like Bill Gates from Microsoft, never finished college and has dropped out withing a year. A revenue of $156.5 billion dollars and the total value of the issued shares estimated at staggering $427.62 billion, Apple easily reaches the top of our list, but just not that No. 1 position.
1. Samsung – $188.1 billion revenue
In the 20th century, Samsung stood as one of the bigger company of the electronics industry. In the 21st century however, Samsung has taken smartphones to a new level, going head to head with Apple and ultimately becoming the world’s biggest mobile phone manufacturer, as well as the biggest maker of smartphone devices. As of 2006, the company is also the biggest TV manufacturer and the biggest maker of LCD panels. Other products include cameras, DVD players, MP3 players, laptops, printers and various home appliances such as microwave ovens, air conditioners and vacuum cleaners. Founded in 1969, Samsung has truly come a long way, ultimately becoming the biggest IT company in the world.