[July 13, 2017]

Top 5 Companies in the Global Consumer Electronics and Telecom Products Market by BizVibe

Leaders among the top consumer electronics and telecom companies have been seeing tremendous results lately. The industry grew 6.1% year-on-year, despite a sharp decline of 26% on a quarterly basis. Net income grew 20% and majority of the top consumer electronics and telecom companies saw reported positive net income growth year-on-year. The top leading consumer electronics and telecom product manufacturers are those who continuously evolve their products with cutting-edge innovation in line with consumer expectations.

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Top 5 Companies in the Global Consumer Electronics and Telecom Products Market by BizVibe (Graphic: Business Wire)

BizVibe is home to over 55,800 Electronics & Telecoms companies around the world. In a recent article titled Top 5 Companies in the Global Consumer Electronics and Telecom Products Market, BizVibe takes a look at some of the leading consumer electronics and telecom companies. Here is a list of the top 5 consumer electronics and telecom companies:

1. Apple, Inc.: Founded in 1976 by Steve Jobs, Steve Wozniak (News - Alert), and Ronald Wayne, Apple hs grown into a worldwide consumer electronics and telecom giant. At the end of FY2016, the company's revenue totaled USD 215 billion, with almost 500 retail store locations around the world. Its Apple (News - Alert) Music, iTunes, iBooks, iMovies, and related services have contributed substantially to its revenue and success. North America is a key market for Apple, as is China.
2. Foxconn: Headquartered in New Taipei City, Taiwan, FoxConn manufactures components for consumer electronics products from Apple, Blackberry, Nintendo, and Sony, amongst other tech giants. Foxconn has 12 factories in nine Chinese cities, and also has operations in Brazil, India, Japan, Malaysia, Mexico, South Korea, the United States, and Europe. It employs roughly 1.3 million people and generated revenue of more than USD 136 billion in 2015.
3. Samsung Electronics: Samsung (News - Alert) entered the electronics industry in the late 1960s, having initially been established as a trading company in the 1930s. Its electronics arm, Samsung Electronics, has grown to be the world's second-largest information technologies company, with revenues for Q2 2017 expected to reach more than USD 12 billion. Samsung Electronics is the world's largest manufacturer of mobile phones and smartphones, and world's largest manufacturer of memory chips and televisions.

BizVibe is home to over seven million companies across 700+ industries, including 107,000 companies in the packaging industry worldwide. Using BizVibe's platform, users can generate leads, shortlist prospects, network with businesses from around the world, and trade seamlessly. The BizVibe platform allows you to discover the highest quality leads and make meaningful connections with companies of interest, all in real-time. Claim your company profile for free and let BizVibe connect you with potential business partners. To make things as simple as possible, use the BizVibe Chatbot to create new business opportunities.

About BizVibe

The single-minded focus of BizVibe's platform is to make networking easier. Over the years, we've searched far and wide to figure out how businesses connect and enable trade. That first interaction is usually fraught with the uncertainty of finding a potential partner vs. a potential nightmare. With this in mind, we've designed a robust set of tools to help companies generate leads, shortlist prospects, network with businesses from around the world and trade seamlessly.

BizVibe is headquartered in Toronto, and has offices in London, Bangalore and Beijing. For more information on the BizVibe network, please contact us.

View source version on businesswire.com: http://www.businesswire.com/news/home/20170713006140/en/

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