Feeds

Who's the world's largest tech firm?

Not who you think

Boost IT visibility and business value

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. ®

Maximizing your infrastructure through virtualization

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Securing Web Applications Made Simple and Scalable
Learn how automated security testing can provide a simple and scalable way to protect your web applications.