What do all these companies have in common? They’re ranked in the top by their value, ranging from telecommunications to social networking, software and computers, today we bring you a small profile on each of these companies as the next-to-last part of this troubled year go by.
We start our rundown of the most valuable companies with Apple Inc., and The Cupertino-based manufacturer is the most valuable tech company with a massive sum of 260.174 million US dollars according to Fortune 500. The California manufacturer faces tough challenges as they embark on the process of also becoming an independent microchip developer as they plan to launch their processors and incorporate them into their entire product line by 2022. Apple also faces US lawmaker scrutiny, and a legal battle with Epic Games in a California court as the company’s software policy and royalties becomes the target of public deliberation and judicial oversight.
Next in our list comes South Korean tech manufacturer Samsung, whose 197 billion US dollars revenue in the past fiscal year puts them in a comfortable place as they unveil a new series of phones in the United States and struggle for a slice of South East Asia and India market, dominated by other manufacturers who also use the South Korean company’s components to manufacture their devices.
The Biggest Companies Challenges – 2020
Hon Hai Precision Industries is the parent company to one of Apple’s largest manufacturers. The Taiwanese multinational electronics contractor manufacturer made 172 billion dollars in revenue last year. It is the world’s leading provider of electronics manufacturing services. Foxconn manufactures products for Canadian, Chinese, Finnish, Japanese, and American companies.
Catering to companies like Research In Motion’s Blackberry, Apple’s iPhone 11, Amazon’s Kindle, Nintendo’s 3DS, Nokia, and Xiaomi devices, Sony’s PlayStation 3 and 4, Hon Hai Precision Industries’ services are top-level. Google’s parent company Alphabet made 161 billion dollars in revenue, a number that might shrink if the tech giant doesn’t survive the tough scrutiny the US government and other countries’ regulation agencies oversight regarding corporate practices and cybersecurity.
Alphabet faces growing regulatory risks as it acknowledged that the US government has an open investigation against them for breaching antitrust laws. In Europe, Alphabet faces regular fines for antitrust violations, and the European Commission opened up a dossier on Google’s data collection policy.
Microsoft reports a 125 billion US dollar revenue as it faces challenges in the cloud market with Amazon’s AWS. The Seattle-based company’s cloud service Azure got eye approval by the American Defense Industry sector after defeating Amazon in the bid. Coupled with software sales, Microsoft faces a last quarter of revenues if its new Xbox console, soon to release in November, and rake in a significant amount of money for the company.