Top 10 Consumer Electronics Companies in the World 2016
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Hitachi, Ltd., is a Japan based multinational company. It is currently headquartered in Chiyoda, Tokyo, Japan.
Hitachi has around and operates in eleven business segments. Some of them are: Info & Telecomm Systems, Social Infra, High Functional Materials, Finance, Power, Electronic Systems, Automobile systems, Railway Systems, Digital Media and Other Systems.
Hitachi generated a total revenue of $90.84 billion in 2015. IT and Telecommunication systems such as big data, storage and analytics solutions accounted for $16.95 billion, Social Infrastructure and Industrial systems which includes the escalator and elevator business, smart cities and system integrators accounted for $13.33 billion, High functional materials such as wire cable products and chemical materials accounted for $12.75 billion, electronic systems and equipment such as power tools, broadcast equipment, MRI scanners etc. accounted for $9.43 billion, automotive systems that cover the fields of "environment", "safety" and "information “accounted for $7.81 billion, construction machinery accounted for $6.8 billion, Smart life and eco-friendly systems accounted for $6.29 billion, Power systems accounted for $3.89 billion and Financial services accounted for $2.97 billion.
In 2009, the globalization of markets and the commoditization of electronic products continue to intensify the price competition in the business sectors in which Hitachi competes. This coupled with some of its businesses being in stagnant industries has made the business scenario very challenging for Hitachi. In 2011, the Hitachi Group drafted its long term plan of Corporate Strategy 2011 for materializing its vision to become the global leader in technological solutions. In a push to speed up the pace of corporate strategy 11 completion. Hitachi is also eying a turnover of Rs 11000 crore in the fiscal year of 2015.