Top 5 Consumer Electronic Companies in 2018 around the world

consumer electronics companies

The incorporation of technology, and its trends, in our everyday lives, is one undisputed beauty of the invention and that is basically where we get the consumer electronics. One thing is certain about the industry – the companies have not relented a bit in ensuring that they remain innovative to come up with cool stuff not only for making life easier but also to stay ahead of the ever-growing competition. In the following part, we look at the top consumer electronics companies whose products are used all over the world.

  • Apple – one of the top Consumer Electronics Companies

Since its founding in a garage in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne, Apple has stood the test of time to emerge as one of the leading consumer electronics producers. In fact, the main idea behind the starting of this company was to bring computers, which by then were considered only for professional use o people’s home, and we can say that they did it. As such, this company is said to be the pioneer or Personal Computing.

Apple is known for the production of top quality products such as iPod, iPad, Apple TV, MacBook, and are the runners of the iOS among others. One of the products that put the company on the map is iPhone with people all over the world waiting for the next production all the time. It is been one of the top 5 Consumer Electronics Companies in consecutive years and Iphone one of its best product is always on the top.

  • Samsung

You cannot talk of the major players in the consumer electronics industry without mentioning Samsung. This South Korean company started off as a grocery shop back in 1938 and defied the odds to become one of the largest companies in the industry. Before entering the consumer electronics business, Samsung was involved in the Heavy industries, Aerospace, and Shipbuilding sectors in 1978.

At the moment, the company is a conglomerate of more than 70 subsidiaries in many sectors such as fashion, construction, and electronics, which is the primary revenue contributor. With more than 489,000 employees as of 2014 and three CEOs, Samsung is the second leading consumer electronics company.

  • Microsoft

Technology seems to be the core of this company, but it is also involved in the production of consumer electronics. It is headquartered in Redmond, Washington in the United States. The company was birthed on the 4th of April 1975 as a joint venture between Bill Gates and Paul Allen. It is known to offer a lot of services and products such as Operating Systems, servers, software products, video games, business solution applications and many others.

The one thing about this company is that a significant percentage of its services and products are sold directly to the consumer making it one of the major players in the industry. The consumer electronic products that the company deals in include video game consoles, Xbox, tablet PCs and many media devices.

  • Sony

Coming next to Samsung is the Japanese consumer electronics company – Sony. It was founded in 1946 by Akio Morita and Masaru Ibuka. Upon its inception, this company was known as Tokyo Telecommunications Engineering Corporation and focused mainly on the production of rice cookers. Later on, it ventured into the production of chemicals, television screens, laptops, smartphones and other consumer electronic products, emerging as one of the top consumer electronics company.

Among the productions that put the company on the map include the Sony radio and the Walkman. Since then, the company has been acquiring other companies and corporations involved in consumer electronics and is still one of the top companies in the industry. The current CEO is Kazuo Hirai and has its headquarters in Minato, Tokyo.

  • Panasonic

Another company known for the production of consumer electronic products, ranked among the top 10 consumer electronics companies, is Panasonic. It was founded in 1918 by Konosuke Matsushita whose main aim was to make its consumers’ life better besides building a better world around them. It started off as the supplier of duplex lamp sockets and was named Matsushita Electrical Industrial Co Ltd. later on; the company ventured into the production of bicycle lamps and 3 tube radios. It diversified its production during the Second World War to include bicycles and radios.

Over the years, it ventured into the production of home air conditioning systems, refrigerators, rice cookers, and bought other companies like Sanyo in 2011. It is recognized as one of the most ecologically sensitive company. Panasonic is headquartered in Kadoma, Osaka with Mr. Kazuhiro Tsuga as the president.

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