Trillion-dollar club: From Microsoft to Apple, 10 most valuable tech giants in 2024
A few trillion-dollar behemoth businesses control the majority of the IT industry. These industry titans are involved in every aspect of technology, including social media, cloud services, software, cellphones, and more. Here are the current market capitalization leaders, coupled with gorgeous images of their offices.
Microsoft is first on our list. This software behemoth was created in 1975 by Bill Gates and Paul Allen, and it has shaped the IT industry ever since. Microsoft employs an astounding 2,21,000 people, surpassing even Apple's workforce.
What began with the company's initial product, "Altair BASIC," has grown into the Windows operating system, which presently runs over 1.4 billion active devices each month globally. In addition, the business has grown into gaming studios, cloud services, consumer electronics, and other areas. Furthermore, Microsoft Office keeps millions of people's professional life going smoothly. The corporation handles everything from PowerPoint decks to Teams meetings and Excel spreadsheets. With such a large product line, it is not surprising that 2023 will bring in $211 billion in sales.
Apple, the current consumer technology king, comes in at number two. Apple's demand for its recognizable products, such as iPhones, iPads, Macs, and accessories, such as AirPods and Apple Watches, drove the company to generate $119.6 billion in revenue in only the past quarter.
Since its founding in 1976 by Steve Jobs, Steve Wozniak, and Ronald Wayne, Apple has developed into a veritable titan. For example, Apple's presence is responsible for approximately two million employment in all 50 states in the United States. A large portion of the consumer technology hardware trends are attributed to the corporation. And the corporation is well-positioned to retain its dominant position in the IT industry as long as it continues to release cutting-edge new products and services like the Vision Pro mixed reality headset.
You may not be particularly acquainted with Nvidia, but the AI revolution has caused the worth of this semiconductor business to soar. Nvidia, the brainchild of three chip engineers, first made waves in 1993 by concentrating on improving computer graphics and images.
They had landed a significant deal to make semiconductors for Microsoft's Xbox system by the early 2000s. Years later, though, Nvidia's true claim to fame emerged as a creator of potent GPUs (graphics processing units), which proved to be ideal for powering state-of-the-art artificial intelligence algorithms and neural networks. These days, applications like supercomputers, data centers, and AI model training require Nvidia's high-performance CPUs.
Because of Amazon, there has been a virtual revolution in online shopping, which has led to the closure of thousands of malls worldwide, particularly during the epidemic. Founded in 1994 by Jeff Bezos, this e-commerce behemoth generated over $500 billion in sales in the previous year by functioning as a super-efficient delivery service for products.
However, Amazon is far more than just an internet retailer. AWS, the industry leader in cloud computing, Twitch game streaming, Alexa voice assistants, the Prime membership program with films and music, and many more consumer tech sectors are just a few examples.
In 2015, the internet behemoth formerly known as Google changed its name to Alphabet Inc., a parent corporation that now manages all Google companies. Alphabet works on everything from self-driving vehicle projects to YouTube videos to Android smartphone operating systems.
Given how well-known Google is worldwide, it should come as no surprise that Alphabet makes absurd amounts of money from advertising while we frantically search and explore the internet. Anticipate this behemoth to continue being a mainstay among the tech elite.
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