Top 10 most valuable tech companies in the world
Gigabit takes a look at the world’s leading tech companies, based on their market value as rated by Forbes.
10 | Intel
Intel has been around since its incorporation in 1989 and currently employs 106,000 people.
It manufactures products and technology, and over its lifetime has worked across many segments which currently include: client computing, data centre, internet of thins (IoT), non-volatile memory solutions, Intel security, programmable solutions and “all other travel and new tech”.
The company offers platforms to integrate various components and technologies.
Based in Santa Clara, Intel reported a recent revenue of $61.7bn and its 2016 profits amounted to $10.6bn. Its market value stands at $170.4bn.
The company is now looking into self-driving cars, and recently acquired autonomous vehicle tech company MobilEye.
9 | Oracle
Oracle Corp provides products and services surrounding Corporate IT, from applications and platforms to infrastructure.
Its three main sectors include cloud and on-premise software, hardware, and services.
The company, based in Redwood City, San Francisco, was incorporated in 2005 and currently has 138,000 employees.
Its most recent reported revenue is $38.82bn and it has a market value of $182.2bn.
One of Oracle’s most recent acquisitions was Moat, the fast-growing digital measurement cloud company.
Moat has remained an independent platform within Oracle Digital Cloud and provided measurement and analytics to large brands.
8 | Samsung
Based in Suwon, South Korea, Samsung Electronics Co Ltd principally engages in the manufacture and distribution of electronic products.
The company operates through three segments including Consumer Electronics (televisions, monitors, printers, air conditioners and more), IT and Mobile Communication (computers, handheld phones, network systems and cameras) and Device Solutions (semiconductor and display parts).
The company was incorporated in 1969 and has stood the test of time, turning a profit of $19.3bn last year. Its assets come to $217.1bn and the company has a market value of $254.3bn.
It is also constantly neck-and-neck with Apple for various smartphone market shares around the world, with this fluctuating in Asia especially with other brands such as Huawei proving popular competitors.
7 | Alibaba
Alibaba Group Holding Limited is a holding company with subsidiaries involved in online and mobile commerce, offering products and services enabling merchants, brands and businesses to market, sell and operate across China as well as internationally.
The company was incorporated in 1999, has $26.5bn revenue at present and employs around 50,100 people.
It is involved in ecommerce, cloud computing, mobile media and entertainment and other initiatives.
Alibaba’s current market value stands at $264.9bn and it possesses $70.7bn in assets. Last year’s sales came to $21.5bn with a profit of $5.7bn.
Recently, Alibaba entered a partnership with the Mexican government to boost the country’s trade ties with China following restrictions in trade between Mexico and the US.
6 | Tencent
Tencent Holdings is a holding company based in Shenzhen, China.
Its subsidiaries are providers to media, entertainment, smartphones and payment systems.
The company is divided into three main segments including: Value Added Services (VAS), which includes online and mobile games and apps; Online Advertising Agency, which places display and performance based advertisements; and Others, which includes its pay-related and cloud services.
A popular application in China is Tencent’s WeChat, which is particularly successful since potential rival Facebook Messenger is unavailable in the country.
With a market value standing at $277.1bn, the company currently employs 39,260 people and made a profit last year of $6.2bn.
Its most recent revenue was $28.63bn.
5 | Facebook
Incorporated in 2004, Facebook Inc currently holds assets of $65bn.
The company is based in California and employs 20,660 people.
Currently, Facebook’s revenue stands at $33.17bn, and in addition to the enormous social media platform Facebook, the company also owns Instagram, WhatsApp and Oculus.
Facebook focuses on products that enable people to share and connect via computer and mobile devices.
It has a market value of $407.3bn, and some of Facebook’s recent acquisitions relate to AI such as US company Oslo, and Virtual Reality as carried out by Irish company InfiniLED.
4 | Amazon
Amazon.com Inc is a US-based ecommerce website and offers a range of products and services.
The company was incorporated in 1996 and currently employs 341,000 people.
Its most recent revenue has been reported as $150.12bn.
It holds an impressive $86bn in assets and boasts a market value of $427bn, turning a profit of $2.4bn last year.
The corporation operates across three segments: North America, International and Amazon Web Services. Its products include merchandise which it purchases for resale, as well as items from third party sellers on the Amazon site.
Its subsidiary, Whole Foods Market Inc, offers healthy and organic food items.
Amazon acquired Whole Foods for $13.7bn in 2017, prompting grocery chain shares to plunge.
3 | Microsoft
The Washington-based Microsoft corporation currently boasts a market value of $507.5bn.
Since its incorporation in 1993, the company now employs over 124,000 people and has built up assets of $224.6bn.
Microsoft works across three segments including “Productivity and Business processes,” “Intelligent Cloud” and “More Personal Computing”.
Its products range across operating systems, cross-device productivity applications, server applications, desktop and server management tools, video games and training and certification of computer system integrators and developers.
Microsoft also makes and sells devices including PCs, tablets, phones and more. It also offers cloud-based solutions.
Last year it made $18.6bn in profits and CEO, Bill Gates, consistently tops Forbes’ billionaires list.
He has been number one for four years in a row, and for 18 of the past 23 years, with a current fortune of $86bn.
2 | Alphabet
Alphabet Inc is the holding company behind Google and its products such as Access, Calico and Waymo.
The Google sector of the company engages in advertising, sale of digital content, applications and cloud products, as well as sale of hardware.
Alphabet is also involved in what it simply calls “other bets” including the sale of internet and TV services though Google Fiber, Nest products and services, and licensing and R&D services through Verily.
Google’s founders stated from the outset they wanted to “make smaller bets in areas that might seem very speculative…” and Alphabet recognises the need to “be a bit uncomfortable to stay relevant”.
As a whole, Alphabet employs 72,050 people and its most recent revenue is $99.3bn according to the Financial Times. It became incorporated in 2015 and bases itself in California, with an impressive $167.5bn worth of assets.
It comes just behind tech rival Apple with a market value of $579.5bn.
1 | Apple
With a market value of $725bn, Apple tops Forbes’ list of the most valuable tech companies in the world.
Founded by Steve Jobs in 1976 and headquartered in California, the company currently has 498 retail stores across the globe and employs a total of 116,000 people.
Involved in the design, manufacture and marketing of mobiles, media devices, computers and music players as well as related software, services, accessories and networking solutions, across the Americas, Europe, Greater China, Japan and “Rest of Asia Pacific”.
Last year it made sales of $217bn with a profit of $45.2bn with assets of $331.1bn.
Recently, Apple acquired artificial intelligence related businesses such as Regaind, Lattice Data and init.ai.