Top 10 Consumer Electronics Companies in the World 2017

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8. Hewlett Packard

HP is a consumer electronics giant that was founded by William Hewlett and Dave Packard in their garage in 1939.

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With its headquarters in Palo Alto, California, this multinational organization has quickly grown to prominence, and employs no less than 3,17,500 employees presently. The core value of the firm is innovation, as is obvious from their mission statement, to create technology that makes life better for everyone, and over the years it has managed to establish itself as one of the most prominent consumer electronics brands.

HP has followed this mission statement religiously; it was the company that came up with the world’s first handheld computer, touchscreen PC and also the wireless mouse, among many others.

Incidentally, HP started its manufacturing operations with audio oscillators in 1939. The firm went public in 1957, and entered the Fortune 500 list at #460 in the year 1962. It started production of PCs in 1980, with the first one being called the HP-85. In 1982 and 1983, HP came up with the first ever handheld PC and touchscreen PC respectively. HP started production of its line of printer-fax-copier machines in 1994; while simultaneously it also started the production of LEDs.

2001 saw the formation of HP Services, which focused on providing outsourcing and consulting support to its customers. Later on, HP merged with Compaq (2002) and acquired 3PR (2010) and in the process, changed the company’s stock symbol to ‘HPQ’ from just ‘HP’. 2011 saw HP producing the first wireless mouse, and in 2014 HP separated its printer and PC business from the rest of the company.

The current CEO of the HP Enterprise is Meg Whitman, alumnus of Harvard and Princeton, while the CEO of HP Inc. is Dion Wiesler, following the split of the company that happened in late 2016. The major competitors to the firm are Apple, Dell, Lenovo and Xerox. HP has recently forayed into the 3D printing business as well, with the release of the HP Jet Fusion 3D Printing solution. HP currently operates in 170 companies and has 2.50,000 channel partners.

Revenue (USD) : 11.89 Billion

Profit (USD) : 0.78 Billion

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