Abu Zar Mishwani
Technology is the most influential industry in today’s modern world, influencing the global economy by establishing new trends and pushing revolutionary changes across all fields. It’s almost impossible to envision a world without technology.
We’ve prepared a list of the top 10 revenue-generating companies in the world, with a focus on software, hardware, electronics manufacturing, artificial intelligence, semiconductors, internet and related services, and e-commerce.
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Top 10 Biggest Technology Companies in The World in 2023
Most people think that the majority of these large tech companies are based in the United States. However, there has been a dramatic shift in recent years, with several Asian companies appearing in the top 10 tech companies, giving their American competitors a challenge.
Here is are the world’s 10 most prominent tech companies in 2023;
1. Apple
With revenues of $260 billion in 2020, Apple Inc., a Cupertino-based American Technology company, is the world’s most successful multinational company and most lucrative brand. It was established in 1976 by Steve Wozniak, Ronald Wayne, and Steve Jobs, three tech gurus.
Apple began in the personal computer segment, which grew tremendously following its massive success when it expanded into the mobile phone market. Apple Inc., which began with laptops and iPhones, has now expanded to include various products like smartwatches, iPod tablets, televisions, and accessories.
Apple has a large fan following who wait longer at Apple stores to get their hands on unique products as they are released. Apple is one of the most admired brands in corporate America’s history.
- Founders; Steve Jobs, Steve Wozniak, Ronald Wayne
- Founded In; April 01, 1976
- Net Worth; $2,430 Billion
- CEO; Tim Cook
- Number of Employees; 36,786
- Headquarters; Cupertino, California, United States
2. Samsung
Samsung is a global electronics company located in Seoul, South Korea, and the world’s largest mobile phone manufacturer.
It is a large company that manufactures not just electronics such as batteries, IC chips, disk drives, image sensors, cameras, and other similar products, but also ships, aeroplane engines, turbines, and life insurance.
Samsung is Apple Inc.’s biggest competitor in the mobile phone market, with flagship brands such as the Galaxy S, Z, and Note Series, contributing 40% to the company’s top line.
- Founders; Lee Byung-Chul
- Founded In; March 01, 1938
- Net Worth; $300 billion
- CEOs; Kim Hyun, Koh Dong-Jin, and Kim Ki Nam
- Number of Employees; 287,439
- Headquarters; Suwon-si, South Korea
3. Foxconn
Foxconn, based in New Taipei City, is a Taiwanese electronics contract manufacturing company. Foxconn is one of the world’s most significant companies, employing 1.29 million people around the globe and being China’s largest private-sector employer.
Foxconn, founded in 1974, works with virtually all major brands and produces customized electronic products according to the vendor’s specifications.
iPad, iPhone, Kindle, Nintendo, BlackBerry, Google Pixel, Redmi phones, PlayStation, and others are some of the company’s famous products.
- Founder; Terry Gou
- Founded In; February 20, 1974
- Net Worth; $132.19 Billion (2019)
- CEO; Terry Gou
- Number of Employees; 1,290,000
- Headquarters; Tucheng District, Taipei, Taiwan
4. Alphabet
People who use the internet are almost sure to be familiar with Google.
Google LLC and numerous other subsidiary businesses are owned by Alphabet Inc, an American multinational corporation. Google Inc., located in California, is the uncontested global leader in the search engine business, with a market share of 92.47% as of June 2021.
Alphabet invests in fascinating and creative initiatives, including self-driving vehicles, Calico, a life-extension R&D company, and Nest, an innovative home project. Larry Page and Sergey Brin, two Stanford University students, created Google, one of the most trusted technology companies, in 1998.
- Founders; Larry Page, Sergey Brin
- Founded In; October 2, 2015
- Net Worth; $182.5 billion (2020)
- CEO; Sundar Pichai
- Number of Employees; 135,301 in (2020)
- Headquarters; Mountain View, California, United States
5. Microsoft
Microsoft is the second-largest company globally and one of the most expensive brands in the IT sector. Microsoft is the world leader in the personal computer software business, founded in 1975 by Bill Gates and Paul Allen.
Microsoft’s Windows operating system was a smash hit, bringing in massive earnings for the company.
Microsoft concentrates on emerging technologies such as blockchain, machine learning, artificial intelligence, and cloud computing, which Satya Nadella now leads.
- Founders; Bill Gates, Paul Allen
- Founded In; April 4, 1975
- Net Worth; $60.6 billion
- CEO; Satya Nadella
- Number of Employees; 182,268
- Headquarters; Redmond, Washington, United States
6. Huawei
Huawei Technologies is a Chinese technology company that specializes in consumer electronics and the telecommunications industry. Huawei develops, manufactures, and sells telecommunications equipment to organizations worldwide, including British Telecom, Motorola, Bell Canada, Vodafone, and others.
In its early years, Huawei, which was founded in 1987 by Ren Zhengfei, began reselling private branch exchange (PBX) systems.
Huawei has grown into a telecommunications powerhouse that produces mobile phones, fixed broadband networks, smart TV, tablet PCs, dongles, and smartwatches, among other things.
- Founder; Ren Zhengfei
- Founded In; September 15, 1987
- Net Worth; $136.23 billion
- CEO; Ren Zhengfei
- Number of Employees; 197,000 in (2020)
- Headquarters; Shenzhen, China
7. Dell
Dell Technology is a personal computer manufacturer based in the United States. Dell sells various products, including servers, data storage devices, network switches, computer accessories, SmartTVs, cameras, and printers, among other things.
Dell Technologies was founded in 1984 by Michael Dell and is recognized for its supply chain management and direct sales e-commerce strategy.
- Founder; Michael S. Dell
- Founded In; February 1, 1984
- Net Worth; $94 billion
- CEO; Michael S. Dell
- Number of Employees; 165,000
- Headquarters; Round Rock, Texas, United States
8. Hitachi
Hitachi, Ltd. is a Japanese global technology company focusing on information technology, artificial intelligence, the Internet of Things, and big data.
In 1910, Namihei Odaira launched Hitachi, which began manufacturing induction motors for the copper mining industry.
- Founder; Namihei Odaira
- Founded In; 1910
- Net Worth; ¥89.4 billion (2020)
- CEO; Toshiaki Higashihara
- Number of Employees; 295,941
- Headquarters; Chiyoda City, Tokyo, Japan
9. IBM
IBM (International Business Machines) is a global technology company with over 171 countries of operations. IBM’s foremost priority is Research and Development, with the company filing yearly record patents in the United States for almost 28 years.
IBM is a global company that manufactures and markets software and hardware and hosting and consulting services in a variety of fields, such as mainframe computers and nanotechnology.
Automated Teller Machines (ATMs), floppy disks, magnetic stripe cards, hard disk drives, relational databases, UPC barcodes, and dynamic random-access memory are just a few of IBM’s technological innovations.
- Founder; Charles Ranlett Flint
- Founded In; June 16, 1911
- Net Worth; $77.87 billion
- CEO; Arvind Krishna
- Number of Employees; 345,900
- Headquarters; Armonk, New York, United States
10. Sony
Sony Group Corporation, or just Sony, is a consumer electronics corporation based in Japan. It is one of the world’s foremost consumer electronics manufacturers and the world’s largest video game console manufacturer and publisher.
The image sensor industry is dominated by Sony, which holds a 55 percent share. Sony is the world’s largest image sensor producer and the world’s second-largest camera manufacturer. Sony TV is the market leader in premium television.
Sony is the third-largest television manufacturer in terms of yearly revenue. In 1946, Masaru Ibuka opened an electronics store with co-founder Akio Morita, forming Tokyo Tsushin Kogyo, Ltd, which subsequently changed its name to Sony.
- Founder; Akio Morita, Masaru Ibuka
- Founded In; May 7, 1946
- Net Worth; $81.38 billion
- CEO; Kenichiro Yoshida
- Number of Employees; 111,700
- Headquarters; Minato City, Tokyo, Japan