Sony: 10 Top competitors and Alternatives

Founded in 1946, Sony Corporation is one of the world’s top makers of electronic devices, with headquarters in Tokyo, Japan. Worldwide, Sony employs over 129,500 people. Sales in the fiscal year 2016 were about 70 billion dollars, and little more than 50 billion dollars were invested in the company’s stock market.

Sony produces games consoles, home audio and entertainment systems, imaging equipment, network services, and software for its customers to use in conjunction with its other products. Also, it’s the world’s fifth-largest television manufacturer.

Samsung

Seoul, South Korea, is the headquarters of Samsung, a South Korean conglomerate. In 1938, it was founded. Three hundred eleven billion dollars in market value, 175 billion dollars in annual revenue, and 490,000 employees make it the largest publicly traded company in the world at the end of 2016.

In terms of South Korea’s economic growth or GDP, Samsung has a significant effect. In a similar vein to Sony, Samsung creates a wide variety of long-lasting technological items rather than focusing on just one.

Samsung is the most competitive Sony rival since it is present in the majority of Sony’s products.

LG

In 1947 LG was founded in Seoul, South Korea, and like Samsung, it is a South Korean corporation with its headquarters.

Every year, LG makes almost $100 billion in revenue. LG televisions are among the most environmentally friendly and technologically advanced businesses. OLED TV 4K, ‘UHD TV 4K’ FHD, and Super UHD TV 4K’ are just a few options available. Most of LG’s products, like Samsung’s, are direct rivals of Sony.

Panasonic

The Panasonic Corporation was established in 1918 in Japan as a worldwide conglomerate. The business has since grown into a significant player in the electronics and semiconductors industry, competing with Toshiba, Sony, LG, and Hitachi in producing electronic devices in 2012.

Panasonic was the fourth-largest television manufacturer in the world at the time. Market capitalization was 33 billion dollars, with a sales volume of 68 billion dollars in 2013.

Throughout 255,000 individuals are employed by the company around the globe as well. A “customer-centric concept” is at the heart of Panasonic’s TVs of all types, including LED, FHD, LCD, and the new TH.

Philips

This Dutch technological firm with headquarters in Amsterdam was founded in 1891. In addition to consumer electronics, Philips has three divisions: Consumer Lifestyle, Healthcare, and Lighting (the latter of which is responsible for lighting) (for lighting accessories). Nearly 100,000 people work for Philips across more than 60 countries.

With a net operating income of around 2 billion Euros, it was expected to have a revenue of 25 billion Euros by the end of 2016.

There are a large variety of small appliances that use Philips components. In addition, Philips is a significant player in the speaker and home system business, making it a serious rival to Sony.

Xbox

Microsoft launched Xbox in 2001 as a system for playing video games. Because Xbox is one of Sony’s few console game opponents, we included it on our list.

Xbox, between 2005 and 2014, sold about 84 million units. With exclusive Xbox titles and classics like Halo, Gears of War, Forza Horizon, and many more available, Xbox games have something for everyone.

The Xbox brand has fewer games than Sony’s PlayStation brand, yet it still made US$11.4 billion in sales in 2019 from Xbox games alone.

Dell

In 1984, Dell was founded in Texas, USA. After HP and Lenovo, Dell ranks third in market share, with 16 percent.

Only HP and Lenovo were selling more PCs than Dell at the beginning of this year. After 2016, it had revenues of $65 billion and a market value of $14 billion. By output, Dell is the world’s largest computer manufacturer, and more than a million employees throughout the globe work for the company.

Apple

Founded in 1976, Apple has its headquarters in Cupertino, California. A market value of $900 million and an operating profit of almost $62 billion characterize Apple’s last fiscal year’s sales totaling $ 230 billion.

Apple has more than 500 retail locations in major cities worldwide and employs more than 115,000 employees. Its offerings include the Macintosh, iPad, Mac OS X, iOS, iLife, iWork, and other products. In electronics, Apple is the most valuable brand with a devoted following.

HP 

HP was founded in 1939 and had its headquarters in Palo Alto, California, as an American information technology company.

Last fiscal year, HP generated revenues of $50 billion and a market value of $30 billion. It has about 195,000 employees all across the globe.

HP Enterprise is a newly formed company, yet HP continues to do business as Hewlett Packard. Customers worldwide may buy computer software and hardware from HP. 

Canon

Japanese company Canon, headquartered in Tokyo, is unquestionably the best challenger to Sony in digital photography. At its founding in 1995, it specialized in developing optical devices such as camcorders, digital cameras, printers, and scanners.

More than 200,000 individuals throughout the globe are employed by the company, making it a significant employer worldwide.

The Tokyo Stock Exchange ranked Canon as one of the top ten most valuable Japanese firms by market capitalization. The New York Stock Exchange’s TOPIX index also includes it. Canon subsidiaries include Axis Communications and Océ.

Nikon

Located in Tokyo, Japan, Nikon is an imaging equipment manufacturer. In 1917, it was founded. Annual sales were over 3 trillion yen at the end of 2016, with an operating profit of over 230 billion yen. 

Nikon UK and Optos Plc are the company’s two subsidiary companies. Digital SLR cameras, underwater film cameras, the spotting scope, and the camera lens are all part of the company’s offerings.

All of Nikon’s film camera models were discontinued in 2006, and the company shifted its attention to the digital camera industry.

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