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Matthew Johnston: 10 Biggest Technology Companies

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Matthew Johnston: 10 Biggest Technology Companies

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Bonolo Ramahlele
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10 Biggest Technology Companies

AAPL, SSNLF, and HNHPF lead the 10 biggest technology companies list

By Matthew Johnston

Updated December 31, 2022

Reviewed by

Khadija Khartit

Technology companies have become a dominant driver in recent years of economic growth,
consumer tastes, and the financial markets. The biggest tech stocks as a group, for example, have
dramatically outpaced the broader market in the past decade. That's because technology has
reshaped how people communicate, consume information, shop, socialize, and work.

Broadly speaking, companies in the technology sector engage in the research, development, and
manufacture of technologically based goods and services. They create, design, and manufacture
computers, mobile devices, and home appliances and provide products and services related to
information technology.

Below we look at the 10 biggest companies in the technology field, as measured by trailing 12-
month (TTM) revenue. This list is limited to publicly-traded companies in the U.S. or Canada, either
directly or through ADRs. Data is courtesy of YCharts.com; all figures are current as of Dec. 22, 2022.

Some of the stocks below are only traded over-the-counter (OTC) in the U.S., not on exchanges. As a
result, trading OTC stocks often carries higher trading costs than trading stocks on exchanges. This
can lower or even outweigh potential returns.

#1 Apple Inc. (AAPL)

 Revenue (TTM): $394.33 billion

 Net Income (TTM): $99.8 billion

 Market Cap: $2.15 trillion

 1-Year Trailing Total Return: -21.25%

 Exchange: Nasdaq

Apple designs, manufactures, and markets a broad range of consumer technology products. These
include smartphones, personal computers, tablets, wearable devices, home entertainment devices,
and much more. Some of its most popular products include its iPhone smartphones and Mac
computers. Apple also has dramatically expanded its sales from services. It operates digital content
stores and recently launched several streaming services, including Apple+, a platform for on-demand
entertainment content.

#2 Samsung Electronics Co. Ltd. (SSNLF)

 Revenue (TTM): $247.7 billion

 Net Income (TTM): $33.73 billion

 Market Cap: $275.78 billion


 1-Year Trailing Total Return: -29.26%

 Exchange: OTC Markets

Samsung Electronics competes with Apple and other major tech companies worldwide in key
product areas. It's engaged in a broad range of industries, including consumer electronics,
information technology, and communications. The South Korean company sells mobile phones,
tablets, wearable devices, virtual reality products, TVs and home theaters, computers, printers,
home appliances, and more. However, Samsung is best known for its popular line of Galaxy
smartphones.

#3 Hon Hai Precision Industry Co. Ltd. (HNHPF)

 Revenue (TTM): $227.1 billion

 Net Income (TTM): $5.06 billion

 Market Cap: $44.7 billion

 1-Year Trailing Total Return: -9.01%

 Exchange: OTC Markets

Hon Hai Precision, also known as Foxconn, is a Taiwan-based multinational electronics manufacturer.
The company produces electronics and electronic components for use in the information
technology, communications, automotive equipment, automobile, precision molding, and consumer
electronics industries. Foxconn is a key supplier in Apple's supply chain, manufacturing a significant
proportion of its iPhones.

#4 Microsoft Corp. (MSFT)

 Revenue (TTM): $203.08 billion

 Net Income (TTM): $69.80 billion

 Market Cap: $1.82 trillion

 1-Year Trailing Total Return: -24.61%

 Exchange: Nasdaq

Microsoft is a global developer and licensor of software, devices, solutions, and services. The
company is well known for its Windows and Office Suite software, but nets a growing share of its
profit and revenue from cloud computing and its cloud platform, Azure. Microsoft also owns and
operates LinkedIn, the popular social networking site for job seekers.

#5 Dell Technologies Inc. (DELL)

 Revenue (TTM): $105.25 billion

 Net Income (TTM): $1.83 billion

 Market Cap: $28.01 billion

 1-Year Trailing Total Return: -27.75%

 Exchange: New York Stock Exchange


Dell designs, makes, and sells hardware, information technology products, and services worldwide.
The company offers desktop and laptop computers, traditional and next-generation storage
solutions, and networking products. Dell also sells a cloud-native platform and cloud management
solutions. Dell's best-known products are its personal computers.

#6 Sony Corp. (SNE)

 Revenue (TTM): $83.91 billion

 Net Income (TTM): $7.6 billion

 Market Cap: $95.87 billion

 1-Year Trailing Total Return: -35.62%

 Exchange: New York Stock Exchange

Sony is a Japanese technology company that designs and produces electronics products worldwide
for consumer, professional, and industrial markets. The company sells a variety of products,
including personal computers, mobile phones, video game consoles and software, and video
cameras. It also produces and distributes recorded music and live-action and animated motion
pictures. In addition, it makes and sells the PlayStation, a popular video game console.

#7 Taiwan Semiconductor Manufacturing Co LTD (TSM)

 Revenue (TTM): $71.66 billion

 Net Income (TTM): $30.53 billion

 Market Cap: $400.05 billion

 1-Year Trailing Total Return: -32.9%

 Exchange: New York Stock Exchange

Taiwan Semiconductor Manufacturing Co manufactures microchips and semiconductors used in cell


phones, medical equipment, video game consoles, computer hardware, and much more. In 2021,
TSM manufactured 12,302 products for 535 customers.1

#8 Lenovo Group Ltd (LNVGY)

 Revenue (TTM): $70.87 billion

 Net Income (TTM): $2.11 billion

 Market Cap: $9.83 billion

 1-Year Trailing Total Return: -26.91%

 Exchange: OTC Markets

Lenovo Group Ltd is a technology manufacturing company that creates personal computers,
monitors, tablets, smartphones, and other devices designed to facilitate modern technological
needs. The company serves a global market of more than 180 countries and has manufacturing sites
in Argentina, Brazil, China, Germany, Hungary, India, Japan, Mexico, and the U.S.2

#9 Intel Corp. (INTC)


 Revenue (TTM): $69.54 billion

 Net Income (TTM): $13.30 billion

 Market Cap: $110.73 billion

 1-Year Trailing Total Return: -45.06%

 Exchange: Nasdaq

Intel is a premier global producer of computer chips and a provider of computing, networking, data
storage, and communication solutions. The company offers platform products for the cloud,
enterprise, and communication infrastructure markets. In addition, Intel provides flash memory,
programmable semiconductors, and processors for notebooks, mobile devices, and desktop
computers. The company is well known for its high-performance processors used in PCs worldwide
by businesses and consumers.

#10 Panasonic Corp. (PCRFY)

 Revenue (TTM): $63.91 billion

 Net Income (TTM): $1.69 billion

 Market Cap: $20.12 billion

 1-Year Trailing Total Return: -18.37%

 Exchange: OTC Markets

Panasonic is a Japan-based developer, manufacturer, and servicer of electronic products primarily


for the consumer market. The company offers personal computers, tablets, projectors, and
broadcast and professional AV systems. Panasonic also produces appliances such as air conditioners,
TVs, refrigerators, and washing machines.

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Sector: Electronic Technology

Industry: Telecommunications Equipment

Employees: 164000

Apple, Inc engages in the design, manufacture, and sale of smartphones, personal computers,
tablets, wearables and accessories, and other variety of related services. It operates through the
following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific.
The Americas segment includes North and South America. The Europe segment consists of European
countries, as well as India, the Middle East, and Africa. The Greater China segment comprises of
China, Hong Kong, and Taiwan. The Rest of Asia Pacific segment includes Australia and Asian
countries. Its products and services include iPhone, Mac, iPad, AirPods, Apple TV, Apple Watch,
Beats products, Apple Care, iCloud, digital content stores, streaming, and licensing services. The
company was founded by Steven Paul Jobs, Ronald Gerald Wayne, and Stephen G. Wozniak in 1976
and is headquartered in Cupertino, CA.

Apple designs, manufactures, and markets a broad range of consumer technology products. These
include smartphones, personal computers, tablets, wearable devices, home entertainment devices,
and much more. Some of its most popular products include its iPhone smartphones and Mac
computers. Apple also has dramatically expanded its sales from services. It operates digital content
stores and recently launched several streaming services, including Apple+, a platform for on-demand
entertainment content.

Tim Cook, then Chief Operating Officer, during a conference call with investors in 2009:

"We believe that we are on the face of the earth to make great products and that's not changing. We
are constantly focusing on innovating. We believe in the simple not the complex. We believe that we
need to own and control the primary technologies behind the products that we make, and
participate only in markets where we can make a significant contribution. We believe in saying no to
thousands of projects, so that we can really focus on the few that are truly important and
meaningful to us. We believe in deep collaboration and cross-pollination of our groups, which allow
us to innovate in a way that others cannot. And frankly, we don't settle for anything less than
excellence in every group in the company, and we have the self-honesty to admit when we're wrong
and the courage to change. And I think regardless of who is in what job those values are so
embedded in this company that Apple will do extremely well."

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