Below you can see our list of the 5 largest electronics companies in the world. For a more comprehensive list please see this article.
5. Panasonic
Total revenue in 2019 (in millions of dollars): 68,897
Total profit in 2019 (in millions of dollars): 2,076
Total assets in 2019 (in millions of dollars): 57,542
Total employees: 259,385
While founded over a century ago as a lightbulb manufacturer in Japan, the company grew to become an electronics giant and is known for its rechargeable batteries, avionic systems, and many other products including televisions, speakers and home theater systems.
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4. Sony (NYSE:SNE)
Total revenue in 2019 (in millions of dollars): 75,972
Total profit in 2019 (in millions of dollars): 5,355
Total assets in 2019 (in millions of dollars): 213,189
Total employees: 111,700
Sony has been a huge presence in the electronics scene, and is one of the few foreign electronics companies to be listed in the US as well. Not only is it one of the leading television manufacturers and a leader in the semiconductor industry, it is also a dominant leader in the gaming consoles industry with its PlayStation series, and the PlayStation 5 which has released recently, has seen some of the biggest hype regarding any product recently, showcasing the strength of the company and its products.
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3. Hitachi
Total revenue in 2019 (in millions of dollars): 80,639
Total profit in 2019 (in millions of dollars): 806
Total assets in 2019 (in millions of dollars): 91,886
Total employees: 301,056
Hitachi is one of the many Japanese companies among the largest electronics companies in the world, and is headquartered in Tokyo. It is one of the oldest companies in this list because as we mentioned earlier, the electronics industry is quite recent. Hitachi was founded 110 years ago in 1910 and operates 10 major business segments.
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2. Hon Hai Precision Industry
Total revenue in 2019 (in millions of dollars): 172,689
Total profit in 2019 (in millions of dollars): 3,731
Total assets in 2019 (in millions of dollars): 110,790
Total employees: 757,404
One of the largest employers in the world, Hon Hai was founded 46 years ago in 1974 and has the highest number of employees of any electronics company. The Taiwanese company is the manufacturer of many international giants and their products including iPhones, iPads, Kindle, Blackberry, PS3, Wii U and the Xbox gaming console. It has been accused of paying extremely low wages, resulting in a series of employee suicides.
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2. Samsung Electronics
Total revenue in 2019 (in millions of dollars): 197,705
Total profit in 2019 (in millions of dollars): 18,543
Total assets in 2019 (in millions of dollars): 304,908
Total employees: 287,439
Missing out on the top position is Samsung, which is one of the biggest success stories from South Korea. It is the biggest part of the Samsung Group conglomerate, and contributed around 70% of the group’s revenue in 2012. With nearly 290,000 employees, the company has production facilities and marketing networks in 70 countries across the globe. It is competitive in the mobile phone industry and has engaged in healthy competition with Apple with its flagship phones while also being a lead in television production, among many other products.
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1. Apple (NASDAQ:AAPL)
Total revenue in 2019 (in millions of dollars): 260,174
Total profit in 2019 (in millions of dollars): 55,256
Total assets in 2019 (in millions of dollars): 338,516
Total employees: 137,000
Easily topping the list of the 5 largest electronics companies in the world is Apple, which is also the only company here which has crossed $200 billion in revenue and by quite a margin as well. It also has the highest profits by far, which more than cover up the fact that revenues have actually dropped 2% as compared to the previous year. The biggest products Apple offers includes its iPhone, iPads and iMac computers and laptops, all of which are extremely expensive and hence, have resulted in the high margins that you can see here. It is also considered one of the more controversial companies in the world right now, and just recently was in the news for paying out a settlement for deliberately slowing down its older models to entire, or rather force, buyers to buy the newer versions. The settlement was worth $113 million. It is also the only company in the world apart from Aramco to cross $2 trillion in market cap.
See also 10 Best Electrical Engineering Companies to Work for and 25 Countries Where Samsung’s Galaxy Smartphones Have The Largest Market Share
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