Top Sony Competitors (Updated in 2023)

The top Sony Competitors are Samsung, Life’s Good (LG), Panasonic, Philips, Dell, Apple, Hewlett Packard and others. Sony Corporations is one of the largest electronics manufacturers in the world that was founded in the year 1946 and has its headquarters in Tokyo Japan. With revenue of around $4.957B as of June 2023, Sony has around 113,000 employees around the world. Its market capitalization is estimated to be $102B as of August 2023.

Sony net income for the quarter ending June 30, 2023 was $1.588B. Sony operating income for the quarter ending June 30, 2023 was $-14.652B. Sony gross profit for the quarter ending June 30, 2023 was $-6.901B.

Sony designs and manufactures game consoles, home sounds and entertainment systems, imaging products, network services and software for its customers. Being a top electronics conglomerate, it faces competition from different global corporations. The top Sony competitors are as discussed below;

Top Sony Competitors in Consumer Appliances

1) Samsung

• Product Type: Electronics, including smartphones, TVs, appliances, and semiconductors
• Industry: Electronics
• Founded: 1938
• Founders: Lee Byung-chul
• Headquarters: Seoul, South Korea
• Area served: Worldwide
• Current CEO: Han Jong-hee
• Revenue: KRW 60.01 trillion (June 30, 2023)
• Market cap: $330.48 Billion (August 2023)
• Number of employees: 270,320 (2022)

Samsung is a SouthKorean company that was founded in 1938 and has its headquarters in Seoul, South Korea. By 2023, its revenue is around KRW 60.01 trillion, the total number of employees approximately 270,320 and a market capitalization of $330.48 Billion.

It is the world’s largest manufacturer of mobile phones and smartphones, starting with the original Samsung Solstice and later, the popularity of its Samsung Galaxy line of devices.

Operating profit rose sequentially to KRW 0.67 trillion as of second quarter 2023.  As at 2023, the company had assets worth $338.24 B with a revenue of KRW 60.01 trillion.

With its high revenue turnover, Samsung has a very strong influence in the economic development or GDP of South Korea. Samsung, like Sony, does not have a specific product niche but has diversified in the manufacture of durable electronic products. Some of its TV Models include; QLED, 4K UHD, Full HD, and HD. Samsung has presence in most of the products where Sony is present and hence it is the topmost amongst all Sony Competitors.

2) Life’s Good (LG)

• Product Type: Electronics, including smartphones, TVs, appliances, and semiconductors
• Industry: Electronics
• Founded: 1958
• Founders: Koo In-hwoi
• Headquarters: Seoul, South Korea
• Area served: Worldwide
• Current CEO: Kwon Bong-seok
• Revenue:  66.8 billion U.S. dollars (2022)
• Number of employees: 75,000+ (2022)
• Market cap: $12.61 B (August 2023)

Like Samsung, LG Corporation is also a South Korean Company that was founded in the year 1947 with its headquarters in Seoul, South Korea. In 2022, LG generated over 66.8 billion U.S. dollars in terms of revenue. Worldwide, its employees are over 75,000 across 80 countries in all its major subsidiaries i.e. LG Electronics, LG Solar Energy, LG Chem and LG life sciences among others.

In 2022, LG Electronics reported a net income figure of about 1.49 billion U.S. dollars.

In the Television Industry, LG TV sets are energy efficient and advanced in terms of technology and style. Some of its Models are; OLED TV 4K, ‘UHD TV 4K’ FHD and Super UHD TV 4K’ among others. Like Samsung, LG has a wide range of products and most of them are Sony Competitors.

3) Panasonic

• Product Type: Electronics, including consumer electronics, industrial equipment, and automotive components
• Industry: Electronics
• Founded: 1918
• Founders: Konosuke Matsushita
• Headquarters: Kadoma, Osaka, Japan
• Area served: Worldwide
• Current CEO: Yuki Kusumi
• Revenue: $62.004B (2023)
• Market cap:$26.45B (August 31, 2023)
• Number of employees: 233,391 (2023)

Panasonic Corporation is a multinational that was founded in Japan in the year 1918. As an electronics and semiconductors manufacturer, it has since grown to be a major competitor alongside Toshiba, Sony, LG and Hitachi in electronics production. In the 2023, its revenue was $62.004B with a market Capitalization of $26.45B .

Panasonic annual net income for 2023 was $1.965B. Panasonic annual gross profit for 2023 was $16.735B. Panasonic annual operating income for 2023 was $2.135B.

It also employs more than 233,391 people globally. Panasonic TV sets i.e. LED, FHD, LCD and the new TH are all manufactured under the ‘customer-centric policy’ concept.

4) Philips

• Product Type: Healthcare, consumer electronics, and lighting
• Industry: Technology
• Founded: 1891
• Founders: Gerard Philips and Frederik Philips
• Headquarters: Amsterdam, Netherlands
• Area served: Worldwide
• Current CEO: Frans van Houten
• Revenue: $4.874B (June 30, 2023)
• Market cap: $20.99B (August 31, 2023)
• Number of employees: 77,233 (2022)

This is a Dutch technology company that was founded in the year 1891 and has its headquarters in Amsterdam. Being one of the largest electronics company in the world, Philips is divided into three sections i.e. Consumer Lifestyle (responsible for consumer electronics), Healthcare (for medical equipment) and lighting (for lighting accessories). Philips employs over 77,233 people.

Philips net income for the quarter ending June 30, 2023 was $0.079B. Philips gross profit for the quarter ending June 30, 2023 was $2.139B.

Currently, its revenue is $4.874B. PHILIPS 4K HDR, 901F OLED, and 9002 OLED are some of its television models. Philips has presence in many small appliances. But one of the reasons it is one of the top Sony competitors is Speakers and home systems where Philips gives tough competition to Sony.

Sony Competitors in Laptops & peripherals

5) Dell

• Product Type: Computers, servers, storage, networking, software, and services
• Industry: Technology
• Founded: 1984
• Founders: Michael Dell
• Headquarters: Round Rock, Texas, United States
• Area served: Worldwide
• Current CEO: Michael Dell
• Revenue: $20.922B (April 30, 2023)
• Market cap: $39.95B (August 18, 2023)
• Number of employees: 133,000(2023)

Dell Inc. was founded in 1984 in Texas, USA. Dell manufactures and sells computers, Data storage devices, computer peripherals, computer software, HD televisions, network switches and servers among others.

Dell is ranked 31st on the Fortune 500 list in 2022, up from 76th in 2021. It is also the sixth-largest company in Texas by total revenue, according to Fortune magazine.

Dell gross profit for the quarter ending April 30, 2023 was $5.018B. Dell net income for the quarter ending April 30, 2023 was $0.583B.

As of the second quarter of 2023, Dell held a 17.4 percent share of global PC unit shipments.

Again, early this year, only HP and Lenovo had more PC sales to Dell. Its revenue by the end of the financial year 2016 was 65 billion dollars and the market capitalization was 14 billion dollars. In terms of production, Dell is the world’s largest computer manufacturer. And has approximately 120,000 staff around the world.

6) Apple

• Product Type: Consumer electronics, computer software, and online services
• Industry: Technology
• Founded: 1976
• Founders: Steve Jobs, Steve Wozniak, and Ronald Wayne
• Headquarters: Cupertino, California, United States
• Area served: Worldwide
• Current CEO: Tim Cook
• Revenue: $36.413B (June 30, 2023)
• Market cap: $2933.76B (August 30, 2023)
• Number of employees: 164,000 (2022)

Apple Inc. was founded in 1976 and has its headquarters in California, USA. It specializes in computer hardware and software, semiconductors and digital electronics among others. As a multinational, Apple Inc. had $36.413B revenue in the last quarter of the 2023 year and a market Capitalization of $2933.76B.

Apple net income for the quarter ending June 30, 2023 was $19.881B. Apple operating income for the quarter ending June 30, 2023 was $22.998B. Apple gross profit for the quarter ending June 30, 2023 was $36.413B.

Apple has retail stores in more than 500 major cities in the world and it employs over 164,000 staff globally. As a Sony Corporations’ competitor, its products include Macintosh, iPad, MacOS, iOS, iLife and iWork among other products. Apple Inc. Enjoys customer loyalty and is regarded as the most valuable electronics brand.

7) Hewlett Packard

• Product Type: Servers, storage, networking, software, and services
• Industry: Technology
• Founded: 1939
• Founders: Bill Hewlett and Dave Packard
• Headquarters: Palo Alto, California, United States
• Area served: Worldwide
• Current CEO: Antonio Neri
• Revenue: $12.913B (April 30, 2023)
• Market cap: $30.62B (August 18, 2023)
• Number of employees: 58,000 (2022)

Hewlett Packard (HP) is an IT company that was founded in 1939 with headquarters in California, USA. In the last quarter of 2023 year, HP had 5$12.913B worth of revenue and a market capitalization of $30.62B. Around the world, it employs around 58,000 people.

HP net income for the quarter ending April 30, 2023 was $1.066B. HP gross profit for the quarter ending April 30, 2023 was $2.929B.

In 2015, Hewlett Packard split into HP Enterprise and HP Inc. HP Enterprise trades as a newly formed company whereas HP Inc. maintained the old Hewlett Packard Image.HP Inc. provides software solutions and computer products to its consumers throughout the world. It also has business involvements in education and health sectors, printing and enterprise services.

8) Lenovo

• Product Type: Computers, tablets, smartphones, laptops, servers, and storage devices
• Industry: Technology
• Founded: 1984
• Founders: Liu Chuanzhi and 10 other engineers
• Headquarters: Beijing, China
• Area served: Worldwide
• Current CEO: Yang Yuanqing
• Revenue: $12.635B (March 31, 2023)
• Market cap: $11.18B (August 18, 2023)
• Number of employees: 77,000 (2023)

Lenovo Is a Chinese company that was established in the year 1984 and incorporated in 1988 with its headquarters in Beijing, China. It has spread its operations to about 70 countries in different continents. and has its principal facilities in Morrisville and Beijing.

Lenovo Group net income for the quarter ending March 31, 2023 was $0.114B. Lenovo Group gross profit for the quarter ending March 31, 2023 was $2.143B.

As of the second quarter of 2023, Lenovo had a global PC market share of 24%, making it the top vendor in the worldwide PC market. Apart from personal computers and smartphones, Lenovo manufactures wearables, think pad tablets and smart televisions

Sony Competitors in Photography

9) Canon

• Product Type: Cameras, printers, scanners, copiers, medical equipment, and optical products
• Industry: Technology
• Founded: 1937
• Founders: Goro Yoshida and Takeshi Mitarai
• Headquarters: Tokyo, Japan
• Area served: Worldwide
• Current CEO: Fujio Mitarai
• Revenue: $7.452B (June 30, 2023)
• Market cap: $25.67B (September 01, 2023 )
• Number of employees: 180,775 (2022)

Quite clearly the leader of Sony competitors when it comes to digital photography – Canon Inc. is a Japanese company with headquarters in Tokyo, Japan. It was founded in the Year 1995 and it specializes in the Manufacture of optical products e.g. Camcorders and Digital Cameras, printers, scanners, flash units, projectors and medical equipment.

As at 2023, Canon’s revenue was $7.452B, its profit was $3.539B. Canon net income for the quarter ending June 30, 2023 was $0.477B.

It employees around 180,775 people around the globe. Trading in the Tokyo share market, Canon was ranked among ten largest companies in Japan in terms of market capitalization. It also forms part of the TOPIX index in the New York Stock Exchange. CanonInc. also has subsidiaries in Axis Communications and Océ

10) Nikon

• Product Type: Cameras, lenses, binoculars, microscopes, and other optical equipment
• Industry: Technology
• Founded: 1917
• Founders: Komuro Ichimura and Kichisaburo Sakata
• Headquarters: Tokyo, Japan
• Area served: Worldwide
• Current CEO: Toshikazu Honma
• Revenue: $4,648 million (2023)
• Market cap: $3.77B (September 01, 2023 )
• Number of employees: 18,790 (2023)

Nikon is Japanese Company that was founded in 1917 and specializes in imaging products and Optics with its headquarters in Tokyo, Japan. Its annual revenue $4,648 million and had an operating income of around $406  million by 2023. Being a multinational, Nikon Inc. has around 18,790 employees.

As at 2023, Nikon had a net income of $333 million . Nikon Annual Gross Profit as of 2023 is $2,140 million.  It had more than 18,790 employees as at 2023.

It also has subsidiaries in Nikon UK and Optos Plc. Some of its products include; binoculars, digital SLR cameras, underwater film cameras, spotting scopes and Camera Lenses among others. In the year 2006, Nikon ceased production of almost all its film camera models to commit to the digital camera market.

11) Olympus

• Product Type: Medical equipment, cameras, and optical products
• Industry: Technology
• Founded: 1919
• Founders: Takeshi Yamashita and Tsuneji Matsubara
• Headquarters: Tokyo, Japan
• Area served: Worldwide
• Current CEO: Yasuo Ban
• Revenue: $7,733 million (2022)
• Market cap: $16.75 billion (September 01, 2023 )
• Number of employees: 31,557 (2022)

Olympus Corporation specializes in reprography and optics. It was founded in 1919 and has its headquarters in Tokyo Japan. With a revenue figure of $7,733 million and more than 31,000 employees, Olympus is one of the top multinational that operates through imaging systems, IT, life science and medical systems.

In photography, it manufactures cameras that largely mirrorless and utilize an electronic viewfinder (EVF’s). Olympus market breakthrough was after the introduction of ‘Micro Four Thirds’ where lenses from other manufacturers like Panasonic perfectly fit into the Olympus Camera.

Olympus Annual Net Income in 2022 was $1,030 million. Olympus Annual Gross Profit in 2022 was $5,088 million.

The same applies to Olympus Lenses fitting in Panasonic bodies with the higher resolution of Micro Four Thirds lenses providing desired quality images

12) Leica

• Product Type: Cameras, lenses, binoculars, and other optical equipment
• Industry: Technology
• Founded: 1869
• Founders: Ernst Leitz
• Headquarters: Wetzlar, Germany
• Area served: Worldwide
• Current CEO: Matthias Harsch

Leica Camera AG was founded in the year 1914 in Germany. It specializes in the manufacture of high-end cameras and optics. Its revenue is estimated to be 370 million euros and has more than 2000 employees in Germany alone. Some of Leica cameras include; Leica M9, M10, Q, and SL. This brand of camera is of Compact size and has short lenses thus easily portable. A good shot with Leica needs one to slow down due to the frame rate; a reason why for decades its target group has always been photojournalists and street photographers. Other than Cameras, Leica also manufactures Binoculars and Camera lenses for its global customers

Leica Camera Group reported record financial results for the 2021/22 financial year. Compared to the previous year, sales increased by more than 16% to € 450 million. This was the best financial result in the company’s more than hundred-year history.

Sony Competitors in Gaming

13) XBOX

• Product Type: Video game consoles and accessories
• Industry: Technology
• Founded: 2001
• Founders: Bill Gates and Seamus Blackley
• Headquarters: Redmond, Washington, United States
• Area served: Worldwide
• Current CEO: Phil Spencer
• Revenue: $36 million ( fourth quarter ended on June 30, 2023)

XBOX is owned by Microsoft and was first introduced in the market in 2001. It represents online streaming services and application games. . Its second Console i.e. XBOX 360 was introduced in the market in 2005. As of September 2023, the Xbox 360 has sold 85.7 million units worldwide, with over 47 million units sold in North America

Using quarterly sales growth of 1% for Xbox, Microsoft’s gaming division saw $15.465B in revenue during the year ending June 2023. It was $16.23B in FY 22. Still, FY23 was its 2nd best fiscal ever.

So far, the latest brand XBOX ONE has been introduced in more than 30 markets and most of its features are internet based. I.e. with Xbox one, a player can not only stream but can also record gameplay. A slimmer version of Xbox One referred to us Xbox one S is also available

14) Nintendo

• Product Type: Video game consoles, handheld game consoles, and video games
• Industry: Technology
• Founded: 1889
• Founders: Fusajiro Yamauchi
• Headquarters: Kyoto, Japan
• Area served: Worldwide
• Current CEO: Shuntaro Furukawa
• Revenue: $$11.852B (2023)
• Market cap: $56.1B (September 11, 2023 )
• Number of employees: 7,317 (2023)

Nintendo Company Ltd is a video game and electronics company that was founded in 1889 with headquarters in Kyoto, Japan.

As one of the largest company in the world in terms of video games production, Nintendo has risen to be among the most valuable companies in Japan with a market value of more than 82 billion dollars and revenue of over 490 billion Yen. Until the year 2016, it was a majority shareholder of Seattle Mariners and Major League Baseball. Some of its developed games include; Metroid, Mario, smart glass, Kinect, Zelda and Pokem just to name a few.

Nintendo annual net income for 2023 was $3.202B. Nintendo annual operating income for 2023 was $3.732B. Nintendo annual gross profit for 2023 was $6.552B.

Competitors in Movies (Sony makes movies and channels)

15) Universal Studios

• Product Type: Theme parks, resorts, and film production
• Industry: Entertainment
• Founded: 1912
• Founders: Carl Laemmle, Harry Warner, Jack Warner, Albert Warner, and Sam Warner
• Headquarters: Universal City, California, United States
• Area served: Worldwide
• Current CEO: Jeff Shell
• Revenue: $2,570 (2023)
• Market cap: $1.15B (September 11, 2023 )
• Number of employees: 2800 (2023)

Universal Studios represent the oldest film studios that are still operational. Most of them are based in the United States with their official marketing headline being ‘The Entertainment Capital’. Initially, the Universal Studio of LA was created to provide tours of the Universal Studio Theme.

But with all the digital facilities, Universal Studio of LA managed to merge all west coast operations of NBC Universal which is the home of Telemundo, NBC News and KNBC among others. As one of the oldest, Universal Studios has still managed to maintain and increase its market share owing to the quality of service they provide. The one in Florida is Dubbed ‘ride the movies’ and with numerous attractions, it can cost millions of visitors at one go.

Universal Annual Gross Profit in 2023 is  $458(Millions of US $). Universal Annual Net Income in 2023 is $124 (Millions of US $). Universal Annual Number of Employees in 2023 is 28,000.

16) Warner Bros

• Product Type: Film, television, video games, home entertainment, and consumer products
• Industry: Entertainment
• Founded: 1923
• Founders: Harry, Albert, Sam, Jack, and Jack Warner
• Headquarters: Burbank, California, United States
• Area served: Worldwide
• Current CEO: David Zaslav
• Revenue: $10.358B (June 30, 2023)
• Market cap: $27.59B (September 08, 2023 )
• Number of employees: 37,500 (2022)

Warner Bros Entertainment is another global leader in the world of entertainment that was founded in 1923. It is fully integrated and specializes in all forms of home entertainment, television, animation, brand licensing, film, comic books and broadcasting among others. Its revenue is estimated to be around $10.358B with an operating income of approximately $-0.906B.

Warner Bros Discovery net income for the quarter ending June 30, 2023 was $-1.240B. Warner Bros Discovery gross profit for the quarter ending June 30, 2023 was $3.722B.

As one of the most respect world-class entertainment Studio in the world, the company employs more than 37,500 people and has managed to reinforce and grow its brand by merchandising and creating franchises that are widely unrivaled. Today, Warner Bros. has a vast library of content that includes more than 114,000 hours of programming, 10,000 feature films, and 2,400 television programs with over 120,000 individual episodes

17) Microsoft

• Product Type: Software, hardware, cloud computing services, and consumer electronics
• Industry: Technology
• Founded: 1975
• Founders: Bill Gates and Paul Allen
• Headquarters: Redmond, Washington, United States
• Area served: Worldwide
• Current CEO: Satya Nadella
• Revenue: $56.189B (June 30, 2023)
• Market cap: $2351.37B (August 18, 2023)
• Number of employees:  221,000 (2023)

Microsoft Corporation is a multinational technology corporation that was founded in 1975 by Bill Gates and Paul Allen. The company’s mission is to enable people and businesses throughout the world to realize their full potential by creating technology that transforms the way people work, play, and communicate.  Its products include operating systems for computing devices, servers, phones, and other intelligent devices; server applications for distributed computing environments; productivity applications; business solution applications; desktop and server management tools; software development tools; video games; and online advertising. Microsoft also offers cloud-based solutions that provide customers with software, services, and content over the Internet by way of shared computing resources located in centralized data centers.

Microsoft is the largest vendor of computer software in the world. It has sales offices throughout the world and has offices in more than 100 countries.

Microsoft is a top tech company with a 21% market share worldwide. Microsoft net income for the quarter ending June 30, 2023 was $20.081B. Microsoft gross profit for the quarter ending June 30, 2023 was $39.394B.

In recent years, Microsoft’s revenue has climbed steadily, peaking at a record $72.74 billion in 2022.

18) Qualcomm

• Product Type: Semiconductors, software, and services for wireless technologies
• Industry: Technology
• Founded: 1985
• Founders: Irwin Mark Jacobs, Andrew Viterbi, Franklin Antonio, Klein Gilhousen, and Harvey White
• Headquarters: San Diego, California, United States
• Area served: Worldwide
• Current CEO: Cristiano Amon
• Revenue: $8.451B (June 30, 2023)
• Market cap: $118.45B (September 8, 2023)
• Number of employees: 51,000 (2022)

Qualcomm is an American multinational corporation headquartered in San Diego, California, and incorporated in Delaware. The company was founded in 1985 by seven former Linkabit employees led by Irwin Jacobs. Qualcomm is a company of inventors with diverse skills and backgrounds, who are driven to improve communication around the globe. It creates semiconductors, software, and services related to wireless technology.

The company has expanded into selling semiconductor products in a predominantly fabless manufacturing model. It also developed semiconductor components or software for vehicles, watches, laptops, Wi-Fi, smartphones, and other devices.

As of 2023, Qualcomm has 185 locations worldwide with 74 offices located in the USA.

QUALCOMM gross profit for the quarter ending June 30, 2023 was $4.659B. QUALCOMM operating income for the quarter ending June 30, 2023 was $1.823B. QUALCOMM net income for the quarter ending June 30, 2023 was $1.803B

19) D-Link

• Product Type: Networking equipment, smart home devices, and surveillance products
• Industry: Technology
• Founded: 1986
• Founders: Ken Kao
• Headquarters: Taipei, Taiwan
• Area served: Worldwide
• Current CEO: Chen Wen-Han
• Revenue: US$573.39 million (2022)
• Number of employees: 1,652 (2022)

D-Link is a Taiwanese multinational networking equipment corporation that designs and develops networking and connectivity products for consumers, small businesses, medium to large-sized enterprises, and service providers. The company was founded in 1986 in Taipei as Datex Systems Inc., which is the predecessor of D-Link Corporation. In 1987, D-Link Corporation was officially established in Taiwan. Today, D-Link is an award-winning global brand with over 2000 employees in 60 countries.

D-Link’s products include Wi-Fi routers, IP cameras, smart home devices, and other products that let consumers enjoy richer online experiences and greater peace of mind in the comfort of their homes. Meanwhile, their unified network solutions continue to integrate capabilities in switching, wireless, broadband, IP surveillance, and cloud-based network management. However, D-Link has faced criticism for security flaws in its products, leading to legal action from the Federal Trade Commission.

D-Link India Ltd’s revenue jumped 14.72% since last year same period to INR 314.13Cr in the Q4 2022-2023.D-Link India Ltd net profit jumped 72.5% since last year same period to INR 20.2Cr in the Q4 2022-2023.

20) Hitachi Ltd

• Product Type: Information and communication technology (ICT).
• Industry: Technology
• Founded: 1910
• Founders: Namihei Odaira
• Headquarters: Chiyoda, Tokyo, Japan
• Area served: Worldwide
• Current CEO: Toshiaki Higashihara
• Revenue: $80.521B (2023)
• Market cap: $63.73B (September 1 2023)
• Number of employees: 368,247 (2022)

Hitachi Ltd is a Japanese multinational conglomerate corporation headquartered in Chiyoda, Tokyo, Japan. It was founded in 1910 and is the parent company of the Hitachi Group. Hitachi conducts business ranging from IT, including AI, the Internet of Things, and big data, to infrastructure. The company manufactures and sells information and telecom systems, power systems, social infrastructure and industrial systems, construction machinery, and more. Hitachi is listed on the Tokyo Stock Exchange and Nagoya Stock Exchange and its Tokyo listing is a constituent of the Nikkei 225 and TOPIX Core30 indices.

Hitachi annual gross profit for 2023 was $19.899B. Hitachi annual net income for 2023 was $4.804B.Hitachi annual operating income for 2023 was $5.536B.

Despite global competition on all of its products and industries, Sony Corporations still remains afloat and influential in the world’s electronic market.

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