Samsung ranked as world's largest tech company - even bigger than Apple
Rankings show how Apple's and Samsung's revenue dominates rivals; Amazon still operating with barely any profit
Samsung, which was also the largest IT company on the list, reported revenues of $178.6bn and profits of $20.6bn. However, although Apple lagged behind at 19th place with revenues of $156.5bn it did post profits of $41.7bn – double that of Samsung’s.
Even judged across the whole 500 list Apple’s profits are deeply impressive – only Exxon Mobil makes more money, with its revenues of $449.9bn and profits of $44.9bn.
Samsung and Apple both rose on last year’s performance – Apple was ranked 55th last year, whilst Samsung came in 20th. Apple’s profits were then posted as $24.9bn whilst Samsung’s were $12.1bn.
The latter's exceptional performance was credited to its continuing dominance in the TV market (it's been the number one manufacturer for seven years running) and its new ascent to the top of the mobile market - shipping nearly 397 million units and taking 25% of the global market.
The Fortune 500 full list also shows how much larger Samsung and Apple are than tech companies judged as rivals in the commercial market. Sony, for example, was only ranked 94th on the list with profits of just $0.5bn from $81.9bn revenue.
Microsoft took in $73.7bn in revenue and $17bn profits to take the 110th spot on the list, above Amazon, with $61.1bn revenue and zero profits. The latter may seem most surprising but it has long been Amazon’s strategy – pumping everything they have into continued expansion. As Alex Hern put it for the New Statesman: “It means that the company is engaged in a decades-long plan to take every penny of profit made by basically any retailer in the world, and return it to the customer.”
And even Google - the company that most often receives the moniker of ‘tech giant’ – came in below all these companies, making it to number189 on the list with revenues of $52.2bn and profits of $10.7bn. This means that in terms of revenue Samsung is almost bigger than Google, Amazon and Microsoft combined.
Lincoln MP Karl McCartney 'denied all knowledge' of the Twitter activity
Life & Style blogs
iPhone 5C could be killed next year, and Apple’s cheap and cheerful line might die with it
Girl, 7, gets Tesco to remove 'stupid' sign suggesting superheroes are 'for boys'
Coke milk? Coca-Cola to launch premium milk brand called Fairlife
Black Friday: Best fashion deals -online and on the high-street
UK's first plus-size fashion magazine Slink hits the shelves: 'Style doesn't stop at size 8'
Ukip says babies born to immigrants in the UK should be classed as migrants – which would include Nigel Farage’s own children
Rochester by-election: Ukip gains second MP as Tory defector Mark Reckless holds seat
'Beast of Bolsover' Dennis Skinner takes Ukip MP Mark Reckless to task moments after he is sworn in
The young are the new poor: Sharp increase in number of under-25s living in poverty, while over-65s are better off than ever
Tamir Rice: 12-year-old boy playing with fake gun dies after being shot by Ohio police
Rochester aftermath: Sacking of Emily Thornberry will make work of Labour MPs '10 times harder'
- 1 Sean Abbott: Messages of support flood in for bowler following death of batsman Phil Hughes
- 2 Exodus Gods and Kings: Ridley Scott never considered casting 'Mohammad so-and-so from such-and-such' in lead role
- 3 This letter from a reader explains why women can’t play football
- 4 'You should come to my house and eat cheeses with me': 4-year-old sends adorable love letter to girl at school
- 5 Scientists predict green energy revolution after incredible new graphene discoveries
iJobs Gadgets & Tech
£20000 - £25000 per annum + 55,000 OTE + benifits: h2 Recruit Ltd: Software Sa...
£20000 - £22000 per annum: Argyll Scott International: Service Desk Analyst Re...
£20000 - £40000 per annum: Recruitment Genius: This leading provider of web an...
£425 - £525 per annum: Langley James : Project Manager, Healthcare, Devon - (6...