Feeds

Who's the world's largest tech firm?

Not who you think

Protecting users from Firesheep and other Sidejacking attacks with SSL

The world's biggest technology company, by revenue, is now Samsung, which has just replaced HP at the top of the pile.

For 2009 Samsung brought in revenue of $117.8bn, beating HP which made $114.6bn for the year ended 31 October. It is on track to beat the ink giant in 2010 too - predicting sales of $127bn versus $120bn at HP.

Profits are slightly harder to come by at the firm, although it did return to the black in the fourth quarter. It made an operating profit of 3.7trn Korean won (£1.97bn) on sales of 39.24trn won (£20.9bn). Profit for the year was 10.92trn won (£5.82bn).

Part of the reason for this is the scale and width of the business which makes mobile phones, computers, networking kit, TVs, monitors, chips, memory, fridges and air con units. This means in many areas it is selling to itself.

The company started life in 1969 and was seen for years as a maker of cheap knock-offs of rivals' products. Not until the 90s, following a company-wide reinvention, did it start to gain brand recognition.

It has not all been plain sailing. In 2008 chairman Lee Kun-Hee was fined $89.2m for a dodgy bond issue which was designed to hand control of the firm to his son.

Samsung expects to sell 35 million LCD TVs this year, ten million LED TVs and two million 3D TVs.

Hat tip to the FT for doing the maths. ®

Choosing a cloud hosting partner with confidence

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
Show us your Five-Eyes SECRETS says Privacy International
Refusal to disclose GCHQ canteen menus and prices triggers Euro Human Rights Court action
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.