U.S. 2022: Leading Computer & Electronic Device Producers - Showcased in a Series of Slides
In the dynamic world of technology and electronics, some of the biggest names continue to dominate the landscape. Here's a roundup of the key players and their performances in 2021.
Giant Players in the Market
Apple Inc., the California-based tech giant, operates a streaming video service, Apple TV+, which has produced Emmy-award winning TV shows. Apple holds the top spot in the entire 500-company list on our website U.S. 500, reflecting its market dominance. Microsoft Corp., on the other hand, is number two on the computers and electronics manufacturers list and third on the overall U.S. 500 list. Microsoft is known for its huge and growing imprint in the gaming industry with its Xbox brand, while Apple manufactures the most recognizable smart devices on the market.
Microsoft's main rival in the PC market, Dell Technologies Inc., is number three on the computers and electronics manufacturers list and tenth on the overall U.S. 500 list. Dell continues to be a colossal player in the PC marketplace, and its modular laptop, which can be taken apart in minutes, could potentially be a game-changer for ease of component replacement and repair.
Other notable companies in the top 100 include Intel Corp., HP Inc., IBM Corp., Cisco Systems Inc., Jabil Inc., Micron Technology Inc., Broadcom Inc., Nvidia Corp., Applied Materials Inc., Texas Instruments Inc., Western Digital Corp., Advanced Micro Devices Inc., and Lam Research Corp.
Rapid Growth Among Smaller Companies
While the growth rates of these large corporations are substantial, they were not as extreme in percentage terms as some of the fastest-growing tech and education scale-ups. Among the fastest-growing businesses among the largest U.S. companies in 2021, the fastest revenue growth percentage was by Expel, a managed detection and response (MDR) security provider, with an extraordinary 12,858% revenue growth from 2017 to 2020. An unnamed digital education company also achieved over 1,000% revenue growth in three years (2016-2019), and Pinnacle Holding Company was ranked 3823rd on Inc. magazine’s 2021 Inc. 5000 list of the fastest-growing private companies, with the average median growth for companies on that list at 543% over three years.
Notable Achievements in 2021
In 2021, several companies made significant strides. Alphabet, the parent company of Google, became the first Fortune 500 company with $100 billion in annual profit, with Google Cloud as its fastest-growing division. Meta Platforms, the company behind Facebook, grew revenue 22% year-over-year, raising profits above $62 billion. Nvidia more than doubled its revenue in 2024 to $130.5 billion, driven by AI demand and new chip architecture.
Apple also experienced a 33.3% revenue growth in 2021, reaching $365,817 million. Meanwhile, Intel Corp., HP Inc., IBM Corp., Cisco Systems Inc., Jabil Inc., Micron Technology Inc., Broadcom Inc., Nvidia Corp., Applied Materials Inc., Texas Instruments Inc., Western Digital Corp., Advanced Micro Devices Inc., and Lam Research Corp. all posted impressive revenue figures and profit margins for the year.
Innovation on the Horizon
With companies like Dell Technologies Inc. working on modular laptops and other advancements, it's clear that the future of technology and electronics is bright. As these companies continue to innovate and grow, we can expect to see even more exciting developments in the years to come.
The technology giants Apple Inc. and Alphabet (parent company of Google) both recorded significant revenue growth in 2021, with Apple achieving a 33.3% increase and Alphabet becoming the first Fortune 500 company to surpass $100 billion in annual profit, primarily due to the growth of Google Cloud.
Despite the impressive growth rates of major corporations, the fastest revenue growth was observed among tech and education scale-ups like Expel, an MDR security provider, with an incredible 12,858% revenue growth from 2017 to 2020, suggesting that innovation and rapid growth are not exclusive to established tech companies.
