Top Tech Companies and Their Net Worth

There’s no doubt that tech companies are on the top of their business game, especially with everyone’s dependence on gadgets and social media accounts for their day to day activities. In the Fortune 500 list, it’s no longer a surprise for Apple to emerge as no. 1. Social media giant, Facebook, is rising to the top, too, as Samsung follows Apple from a considerable distance.

Apple

Apple took the top spot with a net worth of $752 billion. The iPhone sales weren’t as impressive as the previous ones. Regardless of the weak sales in iPhone, Apple had $45 billion in profit, $217 billion in sales, and $331 billion in assets, for a total of $752 billion in net worth. The tech giant isn’t showing signs of slowing down, as it may reach a trillion-dollar net worth with their future iPhone and other releases.

Image source: forbes.com

Samsung

Samsung is the main competition of Apple. It follows Apple from a safe distance with a net worth of $254 billion. The South Korea-based tech company saw $174 billion in sales, $19 billion in profit, with $217 billion in assets, making the $254 billion net worth possible. Samsung did make Asia proud, being the only Asia-Pacific company to have broken into the top 10.

Along with the two tech giants is Facebook. The social media star soared 69 spots on the Global 2000 list. These companies have made their way to the top with their innovations and expertise. I’m looking forward to their net worth growth. These companies just keep getting heavier and heavier in the market.

Image source: info7.mx

Steve Sorensen here. A graduate of the Iowa State University with a business degree on business, I’ve become a business blogger and an investment strategist. The growth in net worth of successful companies has inspired me to look deeper into their strategies. Follow me on this blog as I discover their secrets.

South Korea’s Samsung: The Makings of a Tech Giant

Samsung is undeniably one of the world’s fastest rising companies. But its humble beginnings were somewhat different from how people know the company today.

Founded by Byung-chul Lee in 1938, Samsung started as a Korean trade export company based in Daegu, South Korea. They sold vegetables, fruits, fish, and flour to Beijing and Manchuria. As the company prospered in the 1950’s until the 1970’s, it expanded into different ventures: insurance, petrochemicals, textiles, shipping industries, and electronics. The company released its first ever black and white television set in the 70’s, which made it a household name for those living in the South Korean metro.

Image source: gsmarena.com

The company soon released other electronic products including VCRs, personal computers, and tape recorders. In the 90’s, the company produced air conditioners, washing machines, and other home appliances. After chairman Lee’s death in 1987, Lee Kun-hee took over his post and became the head of the company. In the 90’s, the company grew and established plants and offices in different countries including the U.S., Britain, Thailand, Germany, Spain, and China, among others. During the IMF crisis of 1997, the company continued to grow because of its electronics sect.

Samsung’s continuous growth is due to its focus on electronics. The company launched HDTVs, Blu-Ray players, smartphones, and home theater systems in the 2000’s. Samsung also received a lot of attention after it released the Galaxy S mobile phones in 2010. It also released the Galaxy Tab the same year.

South Korea’s tech giant continues to grow by the day, and it looks like it’s not going to stop any time soon. Tech fans will surely have something to look forward to, thanks to Samsung’s releases.

Hi there, I’m Steve Sorensen. I like writing a lot about the net worth, investments, and other financial stats of different companies. Read more about the world’s largest companies by visiting this page.