Top 10 Consumer Electronics Companies in the World 2016

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2. Samsung

Samsung, the South Korean multinational electronics conglomerate was founded 78 years ago by Lee Byung-chul and is headquartered in Samsung Town, Seoul, South Korea.

The electronics giant employs around 489,000 people. Some of the product and services includes Apparel, chemicals, consumer electronics, electronic components, medical equipment, semiconductors, ships, telecommunications equipment, Advertising, construction, entertainment, financial services, hospitality, information and communications technology, medical and health care services.


Samsung has more patents in the U.S than IBM, Google, Apple, etc. Samsung has collaborated with Microsoft in the production of IoT devices to be run on Microsoft’s latest OS version Windows 10. The giant conglomerate has client base in the scale of governments, namely Royal Dutch Shell space, United Arab Emirates Government and Ontario Government. When it comes to the smart phone market space, Samsung continues to dominate it with a humongous market share of 24.5% globally in the recent first quarter of 2016. The company ships around 400 million mobile phone per annum. Samsung has also collaborated with Alibaba for its users to access the Chinese ecommerce giant’s mobile payment gateway Alipay.

Recently Samsung has strengthened its ties with 20th Century Fox to enhance customer experience in next generation video entertainment by nurturing the grade in video technologies. In its continuing pursuit for amazing innovations, the company has designed a mirror display and installed the same in LEEKAJA HAIRBIS’ Jamsil salon.  This mirror display provides a rich experience for the customers by providing an interactive service about latest trends and the styles most suited to them. The world’s tallest building the Burj Khalifa was built by Samsung constructions. Samsung was the pioneer in technologies like CDMA, Digital TV, Watch phone and MP3 phone. Some of the recent technologies include LoopPay, an US based mobile payment system and YESCO Electronics, another US based manufacturer of light emitting diode displays.

Sales Revenue: $305 billion

Profits: $22.1 billion