Top Five Tech Companies

1.Apple

Market value: $741.8 billion

Introduced a programming language called Swift. In 2015, the company made Swift open-source, which allowed non-Apple developers to work on the project. Apple’s fiscal results for the fourth quarter ending September 2015 revealed revenue of $51.5 billion, an increase of 22% from last year’s fourth-quarter revenue of $42.1 billion. Record-breaking three-day sales of 13 million units of the company‚Äôs iPhone 6s and iPhone 6s Plus were announced in October 2015.

2.Alphabet

Market value: $367.6 billion

Became the parent company under which Google operates. Alphabet owns all of Google’s side projects, such as life-extension company Calico, innovative technology developer Google X, high-speed Internet provider Fiber and Google’s smart home project Nest. Alphabet is also the owner of Google Venture, which invests in startups, and Google Capital, which invests in long-term projects. Sundar Pichai came on as the new chief executive officer (CEO) of Google, while Google co-founder Sergey Brin is set to become the president of Alphabet.

 

3.Microsoft

Market value: $340.8 billion

Recently moved toward monthly payment plans for use of its Office software and changed its mission statement to reflect a desire to lead the way toward productivity. The company was founded in 1975 and launched Windows 3.0 in 1990. Device launches include the Surface 3 in May 2015 and the Windows Phone 7 in 2010. Microsoft employs close to 116,000 worldwide. Net revenue for the fiscal year ending Sept. 30, 2015 was $93.58 billion, reflecting a growth of 8%, while net income was $12.19 billion.

4.Facebook

Market value: $231.6 billion

Has grown at an exponential rate since its February 2004 founding. Facebook’s headquarters are located in Menlo Park, California. The company introduced live video for user profiles in December 2015. Facebook acquired photo-sharing platform Instagram in 2012 and announced plans to acquire messaging service WhatsApp for $16 billion in 2014. Facebook’s partnership with other technology companies, Internet.org was launched in 2013 and offers free basic Internet services in Asia, Africa and Latin America. In 2015, Facebook.com usage increased by 17% from the previous year.

5.Oracle

Market value: $187.6 billion

Is a computer hardware and software developer based in California. Oracle has made significant investments in the future of cloud computing; company spokespeople and press releases reflect the company’s endeavors toward capturing cloud market share. To date, there are 420,000 Oracle customers worldwide. First-quarter results for the 2016 fiscal year showed that total revenue was down 2%.

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