Apple — Market value: Sh74.2 trillion ($742 billion)
In 2014, Apple 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 last year revealed revenue of Sh5.15 trillion an increase of 22 per cent from last year’s fourth-quarter revenue of Sh4.21 trillion.
Record-breaking three-day sales of 13 million units of the company’s iPhone 6s and iPhone 6s Plus were announced in October Last year.
2. Alphabet (Sh36.7 tr)
In October last year, Google restructured the company so that Alphabet Inc 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.
3. Microsoft (Sh34.1 tr)
Microsoft Corporation 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. Microsoft employs close to 116,000 worldwide. Net revenue for the fiscal year ending September 30, 2015 was Sh9.4 trillion, reflecting a growth of eight per cent, while net income was Sh1.3 trillion.
4. Facebook (Sh23.2 tr)
Servicing a daily average of one billion users, Facebook has grown at an exponential rate since its launch in 2004. 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 Sh1.6 trillion 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.
5. Samsung (Sh19.5 tr)
Samsung Electronics was incorporated in 1969 and runs three divisions — consumer electronics, information technology and mobile communications, and device solutions. The company set a goal to reach Sh40 trillion in revenue.
From the second quarter of 2015 to the third quarter, sales increased by 6.5 per cent, while gross profit increased by 2.5 per cent. In 2014, Samsung introduced the Galaxy S5 and the Samsung Gear devices to 125 countries. Samsung Group is headquartered in South Korea.
6. Oracle (Sh18. 8tr)
Oracle Corporation is a computer hardware and software developer based in California. Oracle has made significant investments in the future of cloud computing and the company is working aggressively to capture 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 two per cent.
7. Tencent (Sh18.2 tr)
The firm is an Internet service portal that was founded in China in 1998. Tencent owns and operates popular online platforms including email service QQ, messaging service WeChat, search engine Soso, auction site PaiPai and online payment provider Tenpay.
Tencent’s revenue from the third quarter of 2014 to 2015 has increased by 34 per cent, while profit over the same period increased by 34 per cent. In November 2015, Tencent purchased the online rights for the James Bond franchise in China from MGM.
8. Intel (Sh14.7tr)
Intel Corporation released an investor report stating that the internet provides a market opportunity in five different segments: retail, transportation, energy, channel acceleration, and smart homes. Cloud expansion is also an area of interest for Intel.
In November last year, Intel disclosed that the improvements it had made to its Intel Scalable System Framework would spread high-performance computing to more industries.
9. Cisco Systems (Sh13.9 tr)
Cisco Systems recently celebrated its 30th anniversary and sees opportunities in the next wave of the Internet. Cisco’s 2015 revenue figures show growth of four per cent for the year to a total of Sh4.92 trillion. Like Microsoft, Cisco adopted a subscription-based software payment structure.
10. IBM (12.1 tr)
International Business Machines (IBM) posted revenue of Sh93 trillion in 2015. The firm has partnered with Japanese phone services company SoftBank to offer a version of IBM’s robot, Watson, to Japanese markets.
IBM entered the field of genomic medicine and employs a team of scientists to lead research efforts in this field. The company offers a full line of cloud services to retail and business customers.