Feeds

Who's the world's largest tech firm?

Not who you think

Eight steps to building an HP BladeSystem

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. ®

Mobile application security vulnerability report

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
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
Bose says today is F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
Amazon Reveals One Weird Trick: A Loss On Almost $20bn In Sales
Investors really hate it: Share price plunge as growth SLOWS in key AWS division
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
Chips are down at Broadcom: Thousands of workers laid off
Cellphone baseband device biz shuttered
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
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.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.