Top 10 Consumer Electronics Companies in the World 2016

Posted in Top Brand Lists, Total Reads: 5005
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9. Toshiba

Toshiba, one of many multinational electronics conglomerate was founded 140 years ago and is headquartered in Tokyo, Japan.

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Toshiba’s product umbrella widely covers diverse sectors like Electronics, Semiconductors, Social infrastructure, computer hardware, Home appliances, Medical equipment, Electrical equipment, Elevators and escalators, Office equipment, Lighting. They have also ventured into services like IT solutions and logistics.

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Toshiba was the first company which introduced a glass free 3D TV which provides the 3D effect without hurting the eyes. Toshiba had made numerous strategic alliances with many of the big guns of the world in order to safeguard its turf in various countries. Some of Toshiba’s partnerships and technology licensing agreement forming firms are: Apple Computers, Ericsson, GE, IBM, Microsoft, Motorola, Samsung, Siemens, Sun Microsystems and Thomson. Two of the major acquisitions of the company includes energy management companies Landis+Gyr and Consert. Toshiba being a market leader in manufacture of numerous healthcare equipment recently revealed its plan for 2015 to enter and achieve a strong foothold in the global healthcare sector. Notably, Toshiba stands to be the leader in CT scanner, X-ray systems and MRI scanners.

The plan also extends to cover smart energy consuming technology and to apply the same in transportation, infrastructure and healthcare. One example to demonstrate this expansion is the marvel of Toshiba elevators which consume only 50% of power consumed by traditional elevators. But unfortunately due to a major accounting scandal that Toshiba went through in early 2016, it had to sell all its stake in the medical equipment unit to camera and office products manufacturer Canon for a deal worth $5.9 billion. It might also sell of a majority stake in home appliances division to a Chinese firm named Midea. Currently Toshiba has around 50,000 patents across the present domains.

Sales revenue: $60.57 billion

Loss: $0.34 billion