The top Toshiba Competitors are Lenovo, Apple, Dell, Samsung, Hewlett Packard, Asus, Acer and others. Toshiba Corporations is a multinational company that manufactures electronics, Its products are utilized in various industries from Energy and infrastructure, Communications, Engineering, Education and Healthcare just to name a few. Toshiba produces PCs, Semiconductors, and digital LCD TVs, tablets, Notebooks, Disk players and Home appliances among others.
Toshiba net income for the quarter ending March 31, 2023 was $0.365B. Toshiba gross profit for the quarter ending March 31, 2023 was $2.226B. Toshiba total assets for the quarter ending March 31, 2023 were $26.412B.
With a Market Capitalization of $13.52B as of August 2023, Toshiba is recognized as one of the top Electronics and electrical manufactures in the world. It has around 106,648 employees and its headquarters are based in Tokyo, Japan. The company was found in the year 1875. Toshiba’s other Segments include services in Logistics and cloud solutions. It competes for markets share with the below multinationals.
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Top Toshiba Competitors
1) Lenovo
- Product Type: Personal computers, tablets, smartphones, workstations, servers, and storage devices.
- Industry: Information technology.
- Founded: 1984
- Founders: Liu Chuanzhi, Legend Holdings, and the Chinese Academy of Sciences.
- Headquarters: Morrisville, North Carolina, United States.
- Area served: Worldwide.
- Current CEO: Yang Yuanqing
- Revenue: $12.635B (March 31, 2023)
- Market cap: $11.18B (August 18, 2023)
- Number of employees: 77,000 (2023)
Lenovo Limited is a holding company that was founded in the year 1984 in Hong Kong to produce and market technology products e.g. laptops, PCs, workstations, tablets, software, servers and different accessories. Lenovo operates in the whole world but its major geographical areas include; Asia, China, America, Middle East and Africa. By the mid of 2023 Lenovo had a market Capitalization of $11.18B dollars. Its sales were estimated to be around $12.635B and has 77,000 employees around the world.
Lenovo Group net income for the quarter ending March 31, 2023 was $0.114B. Lenovo Group gross profit for the quarter ending March 31, 2023 was $2.143B.
Lenovo has gradually grown to become one of the fierce competitors in the computer technology industry and has spread its operations to about 70 countries in different continents. Lenovo also invests in research and development that has made it possible for it to maintain the consistency in producing high-quality products tailored to meet specific clients’ expectations.
2) Apple
- Product Type: Consumer electronics, computer software, and online services.
- Industry: Information technology.
- Founded: April 1, 1976
- Founders: Steve Jobs, Steve Wozniak, and Ronald Wayne.
- Headquarters: Cupertino, California, United States.
- Area served: Worldwide.
- Current CEO: Tim Cook
- Revenue: $36.413B (June 30, 2023)
- Market cap: $2933.76B (August 30, 2023)
- Number of employees: 164,000 (2022)
Apple Inc.Designs markets and sells communication devices like mobile phones, Mac, ipads et cetera. It’s main market segments are in Japan, Europe, America (both north and south), Africa, Middle East and the greater China.
As at 2023, Apple Inc has already opened approximately 522 stores with over 164,000 employees in the US and other major markets especially in Europe.
Apple net income for the quarter ending June 30, 2023 was $19.881B. Apple operating income for the quarter ending June 30, 2023 was $22.998B. Apple gross profit for the quarter ending June 30, 2023 was $36.413B.
The quality of Apple Inc products it’s unquestionably incredible. Nevertheless, most of the products are quite pricey to an average market hence giving it the challenge to generate more sales, notwithstanding. The advantage of Apple is its customer retention.
3) Dell
- Product Type: Personal computers, tablets, smartphones, workstations, servers, and storage devices.
- Industry: Information technology.
- Founded: February 4, 1984
- Founders: Michael Dell.
- Headquarters: Round Rock, Texas, United States.
- Area served: Worldwide.
- Current CEO: Michael S. Dell
- Revenue: $20.922B (April 30, 2023)
- Market cap: $39.95B (August 18, 2023)
- Number of employees: 133,000(2023)
Apart from developing and selling Computers, Dell Technologies repairs maintain and provide other relevant IT services to its global customers. The company was founded in the year 1984 with headquarters in Texas, USA
In the late 1990s, Dell acquired Converge Net Technologies; a deal that cost 332 billion dollars but later the entire value of the deal was written down as the Dell Model could not fit in with the complex Converge Net Technology.
Dell is ranked 31st on the Fortune 500 list in 2022, up from 76th in 2021. It is also the sixth-largest company in Texas by total revenue, according to Fortune magazine.
Dell gross profit for the quarter ending April 30, 2023 was $5.018B. Dell net income for the quarter ending April 30, 2023 was $0.583B.
4) Samsung
- Product Type: Personal computers, tablets, smartphones, workstations, servers, and storage devices.
- Industry: Electronics.
- Founded: March 1, 1938
- Founders: Lee Byung-chul.
- Headquarters: Samsung Town, Seoul, South Korea.
- Area served: Worldwide.
- Current CEO: Han Jong-hee
- Revenue: KRW 60.01 trillion (June 30, 2023)
- Market cap: $330.48 Billion (August 2023)
- Number of employees: 270,320 (2022)
Samsung is a manufacturer and seller of computer parts and other electronic devices. It has different divisions namely; Device solutions; Consumer Electronics and IT and Mobile Communications. Consumer electronics is tasked with the provision of printers, Monitors, medical devices, washing machines and refrigerators among others. Mobile Communications and the IT division takes care of communication systems, computers, handheld devices, digital cameras et cetera.
It is the world’s largest manufacturer of mobile phones and smartphones, starting with the original Samsung Solstice and later, the popularity of its Samsung Galaxy line of devices. Its Operating profit rose sequentially to KRW 0.67 trillion as of second quarter 2023. As of August 2023 Samsung has a market cap of $330.48 Billion. This makes Samsung the world’s 24th most valuable company by market cap.
5) Hewlett Packard
- Product Type: Computing, data storage, and networking hardware, software, and services.
- Industry: Information technology.
- Founded: 1 January 1939
- Founders: William R. Hewlett and David Packard.
- Headquarters: Palo Alto, California, United States.
- Area served: Worldwide.
- Current CEO: Enrique Lores
- Revenue: $12.913B (April 30, 2023)
- Market cap: $30.62B (August 18, 2023)
- Number of employees: 58,000 (2022)
Hewlett Packard was founded in the year 2015 in California USA to provide technology solutions to its global customers. Some of these solutions are in networking, storage, computer software, hardware, financing solutions et cetera.
HP operates in segments i.e. Software; Corporate investment and financial services and Enterprise group. The software segment ensures that the IT operations are automated so that the business processes are secure. It also converts raw data into a simpler, easy to interpret and actionable model; the financial services segment provides investment and financial solutions to customers with technology infrastructure being provided by the Enterprise group division.
HP net income for the quarter ending April 30, 2023 was $1.066B. HP gross profit for the quarter ending April 30, 2023 was $2.929B.
Hewlett Packard’s incubation projects are taken care of by the Corporate Investments section. The company was founded in 2015 and has its headquarters in Palo, Alto
6) Asus
- Product Type: Computing, data storage, and networking hardware, software, and services.
- Industry: Information technology.
- Founded: April 2, 1989
- Founders: T.H. Tung, Ted Hsu, Wayne Hsieh, and M.T. Liao.
- Headquarters: Beitou District, Taipei, Taiwan.
- Area served: Worldwide.
- Current CEO: Samson Hu
- Revenue: $16.67 B (2023)
- Market cap: $8.99 Billion (August 2023)
- Number of employees: 17,000
ASUS Tek Computers was formed in 1990 in Taipei, Taiwan. As of 2023, Asus had a market Capitalization of around $8.99 Billion and a $16.67 B sales value. Its total employees are around 17,000.
Apart from manufacturing, Asus distributes communication products, electronics, and computers. It also offers PCs, graphics cards, display monitors, broadband products, computer accessories, server systems, mobile phones, graphics cards, et cetera.
Asus is the world’s 5th-largest PC vendor by unit sales as of January 2023. ASUS has won numerous awards and recognitions, including being recognized as one of Fortune magazine’s World’s Most Admired Companies and Interbrand’s ranking as Taiwan’s most valuable international brand. In the second quarter of 2023, PC shipments from Asus amounted to 3.9 million units worldwide.
7) Acer
- Product Type: Personal computers, tablets, smartphones, servers, storage devices, displays, and peripherals.
- Industry: Information technology.
- Founded: 1976 in Hsinchu, Taiwan.
- Founders: Stan Shih, Carolyn Yeh, and five others.
- Headquarters: Xizhi, New Taipei City, Taiwan.
- Area served: Worldwide.
- Current CEO: Jason Chen
- Revenue: NT$58.26 billion (Q2, 2023)
- Market cap: $3.54 Billion (August 2023)
- Number of employees: over 7,713 (2022)
Acer manufactures and provides IT products. It operates through two major segments: the device and business groups. Designing and marketing of personal computers, handheld devices, and IT products fall under the device group.
The business Segment engages in e-commerce and distributes the IT products. The company was started with a capital of 25,000 dollars and 11 employees. Initially, it distributed electronic parts and produced the Micro-Professor 1, II and III Kits before being part of the IBM personal Computers’ Compatible market. It was renamed Acer in the year 1987
Acer has its headquarters in Taipei, Taiwan. As of September 2022, Acer has over 7,713 employees worldwide, operating in 40 countries/territories. For the second quarter of 2023: gross profits reached NT$6.26 billion. Operating income was NT$1.05 billion, up and Net income was NT$1.39 billion. In the second quarter of 2023, PC shipments from Acer amounted to 4.02 million units worldwide.
8) IBM
- Product Type: Information technology (IT) products and services.
- Industry: Information technology.
- Founded: June 16, 1911,
- Founders: Herman Hollerith, Charles Ranlett Flint, and Thomas J. Watson Sr.
- Headquarters: Armonk, New York, United States.
- Area served: Worldwide.
- Current CEO: Arvind Krishna
- Revenue: $15.475B (June 30, 2023)
- Market cap: $128.83B (August 18, 2023)
- Number of employees: 350,000
IBM Corp.was founded in Armonk, New York in the year 1911 to provide IT solutions. IBM operates through different segments i.e. global technologies, global financing, business services and systems hardware and Software.
Global technologies provide IT services through cloud computing, maintenance, and strategic outsourcing. Business services include systems integration and consulting while the software Segment ensures that all the Operating systems that support the workforce and information management are up to the required IBM standard. On the same note, IBM has a Systems Hardware segment that takes care of all the servers and information technology infrastructure.
IBM’s Global Financing provides financing solutions e.g. commercial financing, remarketing and remanufacturing. IBM gross profit for the quarter ending June 30, 2023 was $8.501B. IBM net income for the quarter ending June 30, 2023 was $1.583B. IBM operating income for the quarter ending June 30, 2023 was $1.914B.
9) Sony
- Product Type: Information technology (IT) products and services.
- Industry: Information technology.
- Founded: May 7, 1946 in Tokyo, Japan.
- Founders: Masaru Ibuka and Akio Morita.
- Headquarters: Minato, Tokyo, Japan.
- Area served: Worldwide.
- Current CEO: Kenichiro Yoshida
- Revenue: $4.957B (June 30, 2023)
- Market cap:$102B (August 18, 2023)
- Number of employees: 113,000 (2023)
Sony Corporations manufactures and sells Electronics, game consoles, software, et cetera for professionals, consumers and industrial markets. It also operates through segments i.e. The Games and networking segment; Mobile Communications segment; product Imaging and Solutions; Home Entertainment segment; Financial Service segment and Music and Sound among others.
It was founded in 1946 and has transformed to serve almost all areas in the world. Its products are widely accepted in different parts of the world, which has made it one of the leading technology companies in the world. Sony’s computer hardware products are not however common in different segments of the market. This is attributed to the fact that it majors in other areas of its production line hence overlooking its computer hardware market.
The Company was founded in 1946 and has its headquarters in Tokyo, Japan. Sony net income for the quarter ending June 30, 2023 was $1.588B. Sony operating income for the quarter ending June 30, 2023 was $-14.652B. Sony gross profit for the quarter ending June 30, 2023 was $-6.901B.
10) Compaq
- Product Type: Personal computers, servers, and storage devices.
- Industry: Information technology.
- Founded: February 1, 1982 in Houston, Texas, United States.
- Founders: Rod Canion, Jim Harris, and Bill Murto.
- Headquarters: Houston, Texas, United States.
- Area served: Worldwide.
- CEO: Michael Capellas
Compaq, founded in the year 1982 was sometimes referred to us CQ. It develops and sells computers and is known as the first company to do reverse Engineering to IBM PCs.
In the 1990s Compaq was the Largest in supplying Personal computer Systems. Due to price war struggles with Dell, it was overtaken by HP in the year 2001 and in 2002 acquired by HP for around 25 billion. HP continued using the Brand name ‘Compaq’ but this was discontinued in 2013. Before the takeover, the company had its headquarters in Texas, USA. A facility which is now HP’s Largest in the United States
11) Microsoft
- Product Type: Personal computers, servers, and storage devices.
- Industry: Information technology.
- Founded: April 4, 1975 in Albuquerque, New Mexico, United States.
- Founders: Bill Gates and Paul Allen.
- Headquarters: Redmond, Washington, United States.
- Area served: Worldwide.
- Current CEO: Satya Nadella
- Revenue: $56.189B (June 30, 2023)
- Market cap: $2351.37B (August 18, 2023)
- Number of employees: 221,000 (2023)
Microsoft basically manufactures and markets hardware and software services. Some of Microsoft’s applications include; productivity applications, Server application, business solution applications et cetera. The company has segments through which it operates; personal computing; Business processes and productivity and intelligent cloud.
Microsoft is a top tech company with a 21% market share worldwide. Microsoft net income for the quarter ending June 30, 2023 was $20.081B. Microsoft gross profit for the quarter ending June 30, 2023 was $39.394B.
The communication; productivity and information portfolio are all contained in the business processes and product segment. Intelligent cloud provides cloud services and hybrid server products. Lastly, personal computing is comprised of windows; search advertising, gaming devices et cetera. Microsoft has its headquarters in Washington and was founded in the year 1975 as a software and programming company. Currently, it has employed more than 221,000 people and has a market Capitalization of $2351.37 billion.
12) Hitachi
- Product Type: Personal computers, servers, and storage devices.
- Industry: Information technology.
- Founded: September 1, 1910 in Tokyo, Japan.
- Founders: Namihei Odaira.
- Headquarters: Chiyoda, Tokyo, Japan.
- Area served: Worldwide.
- Current CEO: Keiji Kojima (since April 1, 2022).
- Revenue: $80.521B (2023)
- Market cap: $63.73B (September 1 2023)
- Number of employees: 368,247 (2022)
Hitachi Ltd is a Japanese multinational conglomerate corporation headquartered in Chiyoda, Tokyo, Japan. It was founded in 1910 and is the parent company of the Hitachi Group. Hitachi conducts business ranging from IT, including AI, the Internet of Things, and big data, to infrastructure. The company manufactures and sells information and telecom systems, power systems, social infrastructure and industrial systems, construction machinery, and more. Hitachi is listed on the Tokyo Stock Exchange and Nagoya Stock Exchange and its Tokyo listing is a constituent of the Nikkei 225 and TOPIX Core30 indices.
Hitachi annual gross profit for 2023 was $19.899B. Hitachi annual net income for 2023 was $4.804B.Hitachi annual operating income for 2023 was $5.536B.
13) Mitsubishi Electric
- Product Type: Personal computers, servers, and storage devices.
- Industry: Information technology.
- Founded: 15 January 1921 in Tokyo, Japan.
- Founders: Yataro Iwasaki.
- Headquarters: Chiyoda, Tokyo, Japan.
- Area served: Worldwide.
- Current CEO: Seiji Izumisawa
- Revenue: ¥5,003,694 million (2023)
- Number of employees: 149,655 (2022)
- Market cap: $27.65 Billion (September 2023)
Mitsubishi Electric Corporation is a Japanese multinational electronics and electrical equipment manufacturing company that was established on January 15, 1921, and is headquartered in Tokyo, Japan. It is one of the core companies of Mitsubishi. The company produces a wide range of products, including elevators and escalators, high-end home appliances, air conditioning, factory automation systems, train systems, electric motors, pumps, semiconductors, digital signage, and satellites. The company has offices and facilities around the world and employs over 149,000 people.
In addition to its products, Mitsubishi Electric also offers an employee assistance program that covers mental health, substance abuse, and financial issues. The company’s purpose is to contribute to the realization of a vibrant and sustainable society.
For the fiscal year of 2023, the Japanese company Mitsubishi Electric reported net sales of around 37.6 billion U.S. dollars. Its operating profit is 262,352 Yen (millions) while its total assets are 5,582,519 yen million.
Despite all the competition Toshiba still remains a force to reckon with in today’s electronics market owing to organic growth, mergers, and acquisitions.
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