Tag: huawei

  • Top Brands Endorsed by Lionel Messi

    Lionel Andres Messi, a name known by everyone! When it comes to football, there isn’t anyone who does not praise and admire Lionel Messi. Being one of the best footballers of all time, Lionel Messi has a massive fan following worldwide. And this fandom is what keeps the bank balance of Lionel Messi always high! Yes, because of this enormous popularity, Lionel Messi signed numerous endorsement deals.

    According to Genuine Impact Newsletter’s compiled data, Lionel Messi, the football sensation from Argentina, emerged as the highest-paid athlete in the 2021-22 period, raking in a total of $130 million in earnings. This significant figure encompasses both his on-field income, comprising salary and competition winnings amounting to $75 million, as well as his off-field earnings of $55 million, which stem from lucrative sponsorships, endorsements, and various non-sporting ventures. Fascinating, right?

    In this blog, we will explore some of the prominent brands that have been endorsed by Lionel Messi throughout his illustrious career.

    Let’s get started.

    List of 18 Brands Endorsed by Lionel Messi

    Adidas
    Tata Motors
    Pepsi
    Huawei
    Gatorade
    Lay’s
    Mastercard
    Louis Vuitton
    Budweiser
    Gillette
    SikSilk
    Byju’s
    Sirin Labs
    Air Europa
    Pro Evolution Soccer
    Jacob and Co.
    OrCam
    Mengniu

    Adidas

    In 2006, Lionel Messi, joined forces with Adidas, the highly popular German sportswear brand, as its brand ambassador. Since then, Messi has become synonymous with the brand, representing its values and image worldwide. Building upon Messi’s immense appeal, Adidas went on to sign a lifetime contract with him in 2017, further solidifying their partnership. Messi’s endorsement of Adidas includes promoting their football boots, apparel, and other sports equipment. This exclusive agreement ensures that Messi receives an impressive annual sum of approximately $25 million, adding to his already remarkable earnings.

    Tata Motors

    Lionel Messi, the iconic Argentine footballer, has been chosen as the global brand ambassador for Tata Motors, a leading Indian automobile manufacturer. This strategic partnership aims to highlight Tata Motors’ vehicles, emphasizing their performance, reliability, and innovative features, while leveraging Messi’s worldwide popularity and influence. The association between these two influential entities symbolizes a shared commitment to excellence and pushing boundaries. Despite Messi’s temporary retirement from international football in 2016, Tata Motors reaffirmed their faith in him, stating that he will continue to serve as their esteemed global brand ambassador, endorsing Tata’s passenger vehicles.


    List of All the Companies Owned by Tata Group 2022
    Tata Group of industries is an Indian multinational conglomerate founded by Jamshedji Tata. Here’s a list of all companies owned by Tata Group.


    Pepsi

    Lionel Messi’s collaboration with Pepsi is a highly significant endorsement, as he has taken on the role of global ambassador for the renowned beverage brand. This partnership has seen Messi feature prominently in various commercials and marketing campaigns, showcasing the vibrant and energetic nature of both the player and the brand itself. With Messi’s long-standing association, Pepsi has experienced considerable success, and the football star has appeared alongside other notable players like Mo Salah, Jadon Sancho, and Paul Pogba in captivating television advertisements.


    List of All the Brands Owned by PepsiCo | PepsiCo Subsidiaries
    PepsiCo Inc is a successful American multinational food and beverage company. Here’s a detailed look at all the brands owned by Pepsico.


    Huawei

    Messi’s collaboration with Huawei, a leading telecommunications company, has seen him endorse their smartphones and other technological products. As a brand ambassador, Messi’s image aligns with Huawei’s focus on innovation, performance, and global reach. The partnership highlights the shared values of excellence and breakthrough technology.


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    Gatorade

    Gatorade, a popular sports drink brand, has also partnered with Lionel Messi. Through this endorsement, Messi promotes Gatorade’s products and features in their advertising campaigns. Gatorade’s association with Messi emphasizes the importance of hydration, performance, and recovery in sports, with Messi’s achievements serving as a testament to the brand’s effectiveness.

    Lay’s

    Lay’s, the popular snack brand, joined forces with Lionel Messi to capitalize on his widespread appeal and drive awareness of their products. Messi’s association with Lay’s embodies the brand’s values of pleasure, leisure, and enjoyment. Through engaging advertising campaigns, Lay’s showcases Messi as a symbol of indulgence and invites consumers to savor their snacks during moments of relaxation. Since their partnership in 2013, Lay’s has successfully utilized Messi’s star power in global marketing initiatives, further solidifying his role as a beloved ambassador for the brand.


    How did Coca-Cola lose $4 billion – Coca-Cola VS Cristiano Ronaldo Complete story
    In a recent news, Coca-Cola lost around 4 billion after the Portuguese Footballer, Cristiano Ronaldo moved the Coca-Cola bottle aside.


    Mastercard

    Mastercard, a renowned financial services company, has joined forces with Lionel Messi to promote their payment solutions. The collaboration showcases Messi’s global appeal and Mastercard’s commitment to providing secure and convenient payment options. Messi’s association with Mastercard extends beyond traditional advertising, as he actively engages in promotional activities and initiatives with the brand.


    Top 11 Best Online Payment Gateways in India 2023
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    Louis Vuitton

    Lionel Messi’s collaboration with luxury fashion brand Louis Vuitton brought together two icons of their respective fields. In 2019, Messi was announced as the brand ambassador for Louis Vuitton’s men’s collections, marking his venture into the world of high-end fashion.

    The partnership aimed to combine Messi’s global influence and style with Louis Vuitton’s legacy of craftsmanship and elegance. As a symbol of excellence and sophistication, Messi perfectly embodied the brand’s values and represented the modern, discerning man.

    Budweiser

    Messi’s influence extends beyond chips and soda as he has also forged a brand partnership with Budweiser, a renowned limited-edition beer company. Through this collaboration, Budweiser has achieved tremendous success, establishing a long-term relationship with soccer enthusiasts. Additionally, Messi has celebrated his significant victories with the company’s beer, cementing their shared passion for excellence and celebration.


    Top 10 Best Beer Companies in India | Indian Beer Market
    Beer is one of the oldest and most widely consumed alcoholic drinks in the world. Read this article to know the best beer brands in India.


    Gillette

    Gillette, a prominent personal care brand, has enlisted Lionel Messi as a brand ambassador. Messi endorses Gillette’s grooming products and features in their advertising campaigns. This partnership emphasizes the values of precision, excellence, and professionalism that both Messi and Gillette represent.


    How Gillette Became The Most Used Razor Blade In India?
    Gillette razor is the most trusted razor & most used razor brand in India. Know about Gillette history and how it became so successful in India.


    SikSilk

    In November 2021, the Scarborough-based fashion brand, SikSilk, unveiled an exciting partnership with Messi, introducing The Messi x SikSilk collection. Spearheaded by Maria Sol Messi, Lionel Messi’s younger sister, the collaboration brought forth a unique fusion of style and creativity.

    Byju’s

    The collaboration between Lionel Messi and Byju’s sparked excitement among fans and education enthusiasts alike. As one of the world’s most renowned footballers, Messi’s association with Byju’s brought attention to the importance of quality education and innovative learning methods.

    Sirin Labs

    Lionel Messi’s endorsement of Sirin Labs marked an exciting partnership between the renowned footballer and the innovative technology company. Sirin Labs, known for its focus on cybersecurity and blockchain solutions, found a fitting collaborator in Messi, who represents excellence, precision, and cutting-edge performance.

    Air Europa

    Lionel Messi’s influence extends to the airline industry, with Air Europa recognizing his global appeal and signing him as their brand ambassador. Since their initial partnership in 2007, Air Europa has experienced significant benefits from associating with Messi, elevating their brand name and solidifying their position in the market.

    Pro Evolution Soccer

    Pro Evolution Soccer (PES) has signed Lionel Messi as its brand ambassador in the year 2019. They launched a distinct Barcelona edition for smartphones of the PES 2020 in which Lionel Messi was also featured.

    Jacob and Co.

    In 2019, Jacob and Co., a renowned watch manufacturing company, proudly appointed Lionel Messi as its esteemed brand ambassador. Recognized as one of the finest and most prestigious watchmakers in the world, Jacob and Co. extended their reach to football enthusiasts through this partnership with Messi, resulting in substantial success and profitability for the brand.

    OrCam

    In a recent development, Lionel Messi has joined forces with OrCam, a cutting-edge brand in the field of eye care. In 2020, Messi signed a three-year contract with the Israeli-based company, known for its commitment to serving the needs of the blind and visually-impaired community. This partnership highlights Messi’s dedication to making a positive impact and supporting innovative solutions for those with visual impairments.

    Mengniu

    Lionel Messi has also reached the audience of China as one of a very popular Chinese brand, Mengniu signed Lionel Messi, as its brand ambassador. Mengniu is a Chinese dairy brand that launched various programs among which, Lionel Messi was also enrolled with some such as the “Born for Greatness” program.


    List of Brands Endorsed by Cristiano Ronaldo
    Cristiano Ronaldo is very particular about the brand he promotes and endorses. An interesting thing to note is he has also endorsed with Coca-Cola in the past.


    Conclusion

    Lionel Messi’s remarkable talent and global appeal have made him an incredibly sought-after figure for endorsements. The brands mentioned above are just a few examples of the many prestigious companies that have recognized Messi’s influence and have sought to associate their products and services with his name. These collaborations not only enhance brand visibility but also leverage Messi’s iconic status to create a strong emotional connection with consumers worldwide. As Messi’s career continues to unfold, it will be intriguing to see the new partnerships and endorsements that emerge, further solidifying his status as a global icon both on and off the football field.

    FAQ

    What is the net worth of Lionel Messi?

    According to sources, Lionel Messi’s estimated net worth is projected to reach $660 million by the end of 2022, showcasing his incredible success both on and off the football field.

    What is the age of Lionel Messi?

    Lionel Messi was born on 24 June 1987 and is 35 years old.

    What is Lionel Messi’s full name?

    Lionel Messi’s full name is Lionel Andrés Messi.

    Lionel Messi’s immense popularity can be attributed to his exceptional talent, mesmerizing skills, and record-breaking performances in football, captivating fans with his unique playing style. Additionally, his humble demeanor and philanthropic efforts have further endeared him to a global audience, solidifying his status as an iconic and beloved figure in the world of sports.

    Which brands has Lionel Messi endorsed?

    Lionel Messi has endorsed several renowned brands including Adidas, Pepsi, Lay’s, Budweiser, Air Europa, Jacob and Co., and OrCam.

    How long has Lionel Messi been associated with Adidas?

    Messi has been a brand ambassador for Adidas since 2006 and signed a lifetime contract with the company in 2017.

    What is Messi’s brand value?

    Lionel Messi’s brand value is estimated to be in the range of 40-50 million USD, earned through lucrative advertising contracts and brand endorsements.

    The logo of Lionel Messi, was designed by the graphic design agency, Vaudeville. The logo features Messi’s initials “L” and “M” in a dynamic and stylized format, reflecting his agility and skill on the football field.

  • Top 15 Tech Companies in the World

    With steady growth, the tech industry is growing at an impressive 5.3% rate. The industry occupied around 35% of the total market base. And the count of tech companies is increasing with a high amount. For instance, the highest count of tech companies is based in the United States, with a count of more than 500 thousand.

    And it’s true that regardless of their origin industry, the means of technology is acquired by everyone, and so is every industry. Technology covers all sectors, including hardware, software, online services, tools, and cybersecurity solutions.

    Speaking of the tech industry, we are here to make you familiar with the top tech companies in the world, with their market capital and total revenue. So, let’s get started with the article!

    List of Top Tech Companies in the world

    The tech industry comprises many companies, among which are some of the most valuable in the world. And here’s the list of those and the top tech companies worldwide:

    1. Apple
    2. Microsoft
    3. Google Alphabet
    4. META
    5. Tesla (TSLA)
    6. Amazon
    7. Samsung Electronics
    8. Tencent Holdings
    9. Alibaba Group
    10. Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC)
    11. Dell Technologies
    12. Oracle Corporation
    13. Foxconn
    14. Huawei
    15. Adobe

    1. Apple

    Company Apple
    Founded 1976
    Market Cap $2421 B (2022)
    Revenue $387.54 B (2022)
    Top Products Apple iPad, Apple Mac Book, Apple Watch, Apple iPhone Mobile
    Website www.apple.com

    Apple Website
    Apple Website

    With the highest market capitalization of USD 2421 billion, Apple has an enormous presence in the world’s tech market, making it a giant in the industry. Apple specializes in software, electronics, and online services, with an employee account of over 1,608,000.

    Apple is an integral part of BIG FIVE, which includes Google, Amazon, Meta, Apple, and Microsoft. These five companies are the most valuable public corporations in the world based on their market capitalization.

    This tech giant was founded in 1976 by Steve Jobs, Steve Wozniak, and Ronald Wayne. Since then, Apple has been on a progressive growth producing various kinds of tech devices, from computers to wearables.

    Moreover, Apple is the largest technology company based on its revenue, USD 387.54 billion in 2022. And ranked the fourth largest personal computer vendor based on its unit sale in 2021. Its popular products are AirPods, iPhone, iPad, and Apple Watch.

    2. Microsoft

    Company Microsoft
    Founded 1975
    Market Cap $1825 B (2022)
    Revenue $198.27 B (2022)
    Top Products Microsoft Windows, Microsoft Office Suite, Micrsoft Azure, Internet Explorer
    Website www.microsoft.com

    Microsoft Website
    Microsoft Website

    Being the most prominent tech giant in the world and the largest software company, Microsoft is one of the oldest tech companies mentioned in this list. It was founded in 1976 and released to the public in 1986. It is best known for its Windows operating system, Azure cloud services, LinkedIn social media platform, and Xbox gaming system.

    Moreover, Microsoft is ranked first in the list of BIG FIVE tech giants. The company reported a 12.3% revenue growth in 2022, whose main credit goes to Microsoft’s Azure and other cloud services. Also, at the start of 2022, it announced its deal to acquire the video gaming publisher Activision Blizzard Inc. (ATVI).

    3. Google Alphabet

    Company Google Alphabet
    Founded 1998
    Market Cap $1346 B (2022)
    Revenue $278.13 B (2022)
    Top Products Google Search, Google Maps, Google Assistant, Gmail, Android
    Website www.abc.xyz

    Next, with a whopping market capital of 1346 billion dollars, Alphabet Inc. is an American-based multinational company that originated from Google LLC and many other subsidiaries.

    Google Inc. is considered a unanimous leader in the search engine sector across the world, whose market share is around 91.9%. Regarding the FIVE GIANTS, Google has always been a genuinely innovative and trustworthy tech giant, founded by Larry Page and Sergey Brin in 1998.

    Google Alphabet always has a keen eye for investing in innovative projects such as life extension R&D company Calico, self-driving cars, the smart home project Nest, and many more.

    4. META

    Company Meta
    Founded 2004
    Market Cap $545.44 B (2022)
    Revenue $117.929B (2021)
    Top Products Facebook, Meta Audience Network, Meta Business Tool
    Website www.about.meta.com

    MEta Website
    Meta Website

    When it comes to top tech companies across the world, META can never be off the table. The company is the parent company of the most powerful social media platforms such as Facebook, Instagram, and Whatsapp.

    Mark Zuckerberg founded the company when he was still a student at Harvard University in 2004. META succeeded with an advanced graph, and as of today, the company has reached nearly 3 billion active users monthly.

    In competing with Snapchat and Tiktok, META has introduced several innovative features that have made it a leader in online advertising.

    The global tech industry is roughly valued at $5.2 trillion. The above graph shows the global tech industry distribution by the market share in percentage.
    The global tech industry is roughly valued at $5.2 trillion. The above graph shows the global tech industry distribution by the market share in percentage.

    5. Tesla (TSLA)

    Company Tesla
    Founded 2003
    Market Cap $656.57B (2022)
    Revenue $74.863B (2022)
    Top Products Tesla Electric Car, Tesla Model X, Tesla Model 3
    Website www.tesla.com

    Tesla Website
    Tesla Website

    Tesla is a true leader in electric vehicle development and production. Even though the prices of vehicles offered by Tesla are too high, and it takes a lot of time to deliver them, consumers prefer them over everything else.

    Tesla was founded by Elon Musk who is also the current CEO of the Tesla Company. The unique thing about Tesla is its business model, which does not use the traditional dealership model of selling vehicles.

    6. Amazon

    Company Amazon
    Founded 1994
    Market Cap $1258 B (2022)
    Revenue $485.90 B (2022)
    Top Products Amazon.com, Alexa, Amazon Prime, Amazon Music, Amazon Pay
    Website www.amazon.com

    Amazon Website
    Amazon Website

    With a market capitalization of USD 1258 billion US dollars, Amazon is counted among the most valuable tech companies in the world founded by Jeff Bezos in 1994.

    Initially, the company was limited to online marketing only, but with time, it started developing its technological devices and also offered cloud services to consumers. With such an innovative mindset, Amazon is ranked the 6th largest company by Forbes among the list of top 25 techs and IT companies.

    7. Samsung Electronics

    Company Samsung Electronics
    Founded 1969
    Market Cap $281.39 B (2022)
    Revenue $250.21 B (2022)
    Top Products Samsung Galaxy Mobile Phones, Samsung Monitors, Samsung Camera
    Website www.samsung.com

    Samsung Electronics Website
    Samsung Electronics Website

    Samsung Electronics is the largest mobile phone manufacturing company and the biggest competitor to Apple Inc in the production of mobile phones.

    The company is based in Seoul, South Korea. Samsung Electronics isn’t limited to producing electronic devices but also ships, turbines, aircraft engines, and life insurance. Its flagship brands are Galaxy S, Z, and note series. They contribute up to 40% of the company’s growth.

    8. Tencent Holdings

    Company Tencent Holdings
    Founded 1998
    Market Cap $389.88 B (2022)
    Revenue $83.64 B (2022)
    Top Products WeChat, PUBG Mobile, QQ Riot Games, Tencent Weibo, Qzone
    Website www.tencent.com

    Tencent Holdings Company
    Tencent Holdings Company

    Tencent Holdings, a Chinese technology conglomerate company, is the first-ever Asian tech company that reaches the mark of $500 billion.

    The company offers web portals, payment systems, e-commerce platforms, mobile games, and social networks. Along with this, it also owns Tencent Music and Tencent Games companies.

    The most successful product of Tencent Holdings is WeChat which has over 1.2 billion monthly active users. The company also provides various marketing solutions and cloud services.

    9. Alibaba Group

    Company Alibaba Group
    Founded 1999
    Market Cap $191.14B (2022)
    Revenue $134.567 B (2022)
    Top Products Alibaba.com, Aliwangwang, Alibaba Cloud, AliGenie
    Website www.alibabagroup.com

    Alibaba Group Website
    Alibaba Group Website

    Another massive Chinese multinational technology company is Alibaba Group. It specializes in retail, e-commerce, the internet, and technology. It offers various profitable services such as web portals, electronic payment services, shopping search engines, and cloud computing.

    Alibaba Group was founded in 1999 and established in Hangzhou, Zhejiang. Regarding retailers and e-commerce companies, Alibaba Group is one of the largest groups of companies in the industry.

    Moreover, the company is ranked fifth among the largest artificial intelligence companies in the world in 2020.

    10. Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC)

    Company Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC)
    Founded 1987
    Market Cap $330.63 B (2022)
    Revenue $66.691 B (2022)
    Top Products Semiconductors Used in Mobile Devices, Internet of Things, Automotive Electronics
    Website www.tsmc.com

    TSMC Website
    TSMC Website

    Being the largest contract chipmaker in the world, Taiwan Semiconductor Manufacturing produces highly advanced and innovative semiconductors designed by Qualcomm Inc. (QCOM) and Advanced Micro Devices Inc. (AMD).

    In recent years, Taiwan Semiconductor Manufacturing has reported a 43.5% growth in its revenue and a net worth of $7.9 billion. The company was founded in the year 1987 and ever since then; it has been leading the global semiconductor foundry, where it generates a 517% return for investors.


    Top 15 Biggest Semiconductor Companies in the World
    The semiconductor industry is one of the leading industries in the world. Here’s a look at some of the top chip manufacturing companies in the world.


    11. Dell Technologies

    Company Dell Technologies
    Founded 1984
    Market Cap $27.79 B (2022)
    Revenue $103.12 B (2022)
    Top Products Vostro, Dell EMR, Inspiron, PowerEdge
    Website www.dell.com

    Dell Technologies Website
    Dell Technologies Website

    Another super famous American tech company is Dell Technologies, which specializes in the market of personal computers. It offers a vast range of tech products, such as data storage devices, servers, SmartTV, network switches, computer accessories, cameras, and many more.

    This tech company was founded in 1984 by Michael Dell. Since then, Dell Technologies has been known for its innovative chain supply management and direct sales e-commerce model.

    12. Oracle Corporation

    Company Oracle Corporation
    Founded 1977
    Market Cap $202.40 B (2022)
    Revenue $44.15 B (2022)
    Top Products Oracle Database, Oracle ERP, MySQL, Oracle E-Business Suite
    Website www.oracle.com

    Oracle Corporation Website
    Oracle Corporation Website

    Oracle Corporation, a computer software company, was founded in 1977 in California, United States by Larry Ellison, Bob Miner, and Ed Oates with its corporate office headquartered in Austin, Texas.

    The company has over 400,000 customers across the globe, such as Siemens Healthineers and FedEx. It provides multiple specific solutions for different types of industries.

    Its solutions help manage the modernization of restaurants’ finances, connect HR/product management, secure network infrastructure, and, most importantly, enhance client satisfaction.

    13. Foxconn

    Company Foxconn
    Founded 1974
    Market Cap $44.30 B (2022)
    Revenue $219.11 B (2022)
    Top Products iPad, iPod, Kindle, BlackBerry
    Website www.honhai.com

    Foxconn Website
    Foxconn Website

    Being one of the largest employers, with around 1.29 million employees, Foxconn is known as the biggest private sector employer in China. It is a Taiwanese electronics contract manufacturing company founded in 1974 by Terry Gou.

    Foxconn is spread over to more than 20 countries with its subsidiary count reaching up to 200+ in total. It is also considered the world’s largest electronic manufacturer and a leading science and technology solution provider.

    Its top products in the market are iPhone, Kindle, iPad, Blackberry, Redmi phones, PlayStation, and Nintendo. Foxconn ranked 22nd in the 2021 Fortune Global 500.

    14. Huawei

    Company Huawei
    Founded 1987
    Market Cap $71.2 B (2022)
    Revenue $99.9 B (2021)
    Top Products Huawei MateBook, Huawei Watch, Huawei Mobiles
    Website www.huawei.com

    Huawei Website
    Huawei Website

    Another China-based tech company is Huawei Technologies, a consumer electronics manufacturer. Its designs create and sell telecommunication tools to the top telecom companies worldwide, including British Telecom, Bell Canada, and Vodafone.

    The company was started as a reselling private branch exchange company, founded in 1987 by Ren Zhejiang. Today, Huawei is a telecom behemoth that develops numerous innovative tech gadgets.

    15. Adobe

    Company Adobe
    Founded 1982
    Market Cap $142.43 B (2022)
    Revenue $17.19 B (2022)
    Top Products Adobe Photoshop, Adobe Acrobat, Adobe PDF, Dreamweaver, Adobe Lightroom
    Website www.adobe.com

    Adobe Inc. Website
    Adobe Inc. Website

    Adobe was founded in 1982 as an American-based software company that provides practical solutions for marketing and document management. Its top products in the market are Adobe Photoshop, Adobe Acrobat, and Adobe Creative Cloud.

    Adobe was founded by John Warnock and Charles Geschke in 1982 with its headquarters being placed in San Jose, California (United States). Adobe Inc. also expanded its services in digital marketing software and was considered one of the top global leaders in Customer Experience Management (CXM) in 2021.

    The top three services provided by Adobe are Creative Cloud, Experienced Cloud, and Document Cloud.

    Conclusion

    In conclusion, we can say that the tech industry is increasing and covers some of the most valuable companies in the world. However, it’s essential to know that before investing in any company, you need to do thorough research and, after that, focus on buying an ETF.

    As the industry contains a vast number of tech companies, there are many options for you to invest and earn a profit. The above list includes the top 15 tech companies in the world with some of the

    FAQs

    Which are the top 5 IT companies in the world?

    The top 5 IT companies in the world are Microsoft Corporation, IBM, Accenture, Oracle, and TCS.

    Which is the oldest tech company?

    IBM is considered the oldest tech company in the world. Basically, IBM is counted to be 108 years old company.

    What are the top 3 online businesses?

    The top 3 online businesses are selling digital marketing services, freelancing, and coaching and consulting.

    Who is the market leader in technology?

    Apple is considered the market leader in technology with a marketing capital of about $2.448 T.

  • Reasons Why Nokia is planning to cut over 10,000 jobs

    Nokia Corporation is a Finnish multinational company. It deals in telecommunications, consumer electronics, and information technology. The company was founded in the year 1865. It has its headquarters in Finland.

    Nokia is the world’s third-largest network equipment manufacturer according to 2018. The company had 1,03,000 employees and businesses in around 130 countries. Recently the company had announced that it would cut more than 10,000 jobs to reduce the costs of the company.

    Certain reasons for cutting down on the jobs would include investing into research facilities.

    New Long Term Plan of Nokia
    Reasons for Job cut
    Nokia to Invest in Research and Development
    Competition of Nokia
    FAQ

    New Long Term Plan of Nokia

    The new CEO of the company has new plans for the growth of Nokia. After being appointed as the CEO last year, Pekka Lundmark has been taking steps to recover Nokia’s products. Under the previous management, there were certain missteps taken regarding the product. This led to the fall of Nokia and destroyed its ambitions in the 5G sector.

    Nokia has announced a new strategy in October. According to the strategy Nokia will have four business groups. Pekka Lundmark also said that the company would do anything that would take for them to maintain the lead in 5G.

    It is expected that Pekka Lundmark will discuss the long-term strategy, financial targets, and action plans during the company’s capital markets day.

    Reasons for Job cut

    According to the new strategy the company is trying to cut down the costs of the business. The company had said in a statement that by the year 2023 the company expects its restructuring and associated charges to be in between 600 million Euros (around INR 5,100 crores) to 700 million Euros (around 6,100 crores).

    After the acquisition of Alcatel-Lucent which was a global telecommunication company, Nokia to cut thousands of Jobs. As of now, Nokia has around 90,000 employees.

    The company expects that the recent restructuring programme would reduce the company’s cost by around 600 million Euros by the end of 2023. Half of the savings of the restructuring programme are expected to be realized by 2021. Reducing down the costs is one of the major reasons for cutting down the jobs of employees.

    Nokia to Invest in Research and Development

    The company is planning to invest more into Research and Development programmes for improving on the product and to make changes in the missteps taken during the previous management.

    Sami Sarkamies who is an analyst working with Nordea said that the saving programme of Nokia is bigger than it was expected. He said that the interesting fact would be that it would not result in reducing the costs.

    Sami Sarkamies also said that the company is trying to focus on Research and Development by shifting its focus from general costs. He also added that the shift in focus would result in better margins and growth of the company in the future.

    The new management under Pekka Lundmark had predicted its profit outlook and had stopped the dividend payouts.  This was after the missteps taken regarding the product by the previous management. It had reduced the market share of Nokia.

    The company has a forecast of 21.8 billion euros (around 1.8 lakh crores) to 21.9 (around 1.89 lakh crores) in 2020. It has plans to invest more into the future capabilities which include 5G, digital infrastructure, and cloud.

    Nokia's net sales from 2010 to 2020
    Nokia’s net sales from 2010 to 2020

    Competition of Nokia

    Nokia had lost a lot of contracts and has seen the value of its share to decline. Nokia and the Swedish company have been competing with each other in rolling out 5G networks. Ericsson has a lead in acquiring customers. It has won a contract with China for 5G radio contracts.

    While Nokia has not won any contracts with China and they also lost a contract with Verizon to supply 5G equipment. The Verizon contract was undertaken by Samsung Electronics.

    Nokia is setting up its new plans to challenge Swedish company Ericsson and China’s Huawei. The company is working towards catching its lead with 5G and also trying to capture shares of Huawei.

    FAQ

    Who is the founder of Nokia?

    Fredrik Idestam, Leo Mechelin, and Eduard Polón founded Nokia in 1865.

    Is Nokia Indian company?

    Nokia is an Finland based company which was recently taken over by HMD Global.

    Why did Nokia fail in India?

    After 2007, Nokia failed to sense that trends were changing and ignored the changing demands that led to fail of Nokia in India.

    Conclusion

    The Chief Executive Pekka Lundmark said that decisions regarding their employees, that would have a potential impact on them are never taken too lightly. He also said that everyone impacted through this process is supported through this and that would be his priority.

    A representative of Nokia said that these plans are Global and it would likely affect a lot of countries. They have informed the local works council in Europe and the consultation process is expected to start soon according to the applicability.

  • Huawei – Implementing Innovation 2.0

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by the organization it is based on.

    Huawei was founded in 1987 by Ren Zhengfei, an ex-military officer. It was merely formed as a private company. The main mission of the company was to provide consulting and operations services to most of the enterprises in China and outside the country.

    There are around 3 core business units in the company, Telecom Carrier Networks, Enterprise Business and Devices, and manufacturing communication devices.

    Huawei – Company Highlights

    Startup Name Huawei Technologies
    Headquarters Shenzhen, China
    Industry Consumer electronics, Telecom equipment, Networking equipment,Semiconductors
    Founded September 15, 1987
    Founder Ren Zhengfei
    CEO Ren Zhengfei
    Areas Served Worldwide (exempting United States since 2019)
    Website www.huawei.com

    Huawei – About and How it Works?
    Huawei – Logo and its Meaning
    Huawei – Founder and History
    Huawei – Mission
    Huawei – Recent News
    Huawei – Partnerships
    Huawei – Business Model
    Huawei – Revenue and Growth
    Huawei – Investments
    Huawei – Acquisitions
    Huawei – Competitors
    Huawei – Challenges Faced
    Huawei – Future Plans
    Huawei – FAQs

    Huawei – About and How it Works?

    Huawei is a global provider of information and communications technology (ICT) infrastructure and smart devices. The company offers a range of products, services, and business solutions for telecom carriers, including wireless network, fixed network, cloud core network, carrier software, IT infrastructure, network energy, professional services, and network rollout services.

    It also builds a digital infrastructure platform utilizing cloud computing, software-defined networking, big data, and IoT to enable the digital transformation of the government, public utilities, finance, energy, transport, and manufacturing industries. In addition, Huawei provides smartphones, tablets, wearable devices, converged home devices, and applications on these devices for consumers and businesses.

    Huawei – Logo and its Meaning

    Huawei Logo
    Huawei Logo

    In addition to Huawei’s name, its own brand uses a flower-shaped logo. This is a symbolization of the “Hua” syllable that can mean petals or can also mean a lavish and luxurious in Mandarin. So it can be concluded Huawei logo symbolizes the achievement that surge or boast.

    Huawei – Founder and History

    The company was founded in 1987 by Ren Zhengfei, an ex-military officer.

    Founder of Huawei
    Founder of Huawei

    It was merely formed as a private company. The main mission of the company was to provide consulting and operations services to most of the enterprises in China and outside the country. The company has around 140,000 employees working. 46% of the employees are involved in research & development.

    After a few years, the company got a research centre of its own and started doing research and development. The set up got an initial breakthrough by launching its C&C08 digital telephone switch. The company got its first international project in 1997. It then started providing fixed line networks products to a company in Hong Kong.

    In 1999, Huawei set up its first R&D centre in Bangalore, India. The company also entered into a 5-year contract with IBM till 2003. Huawei continued to expand into international markets. It is the first company to deliver LTE/EPC commercial network for Telia Sonera in Norway in the year 2009.

    In 2013, the company opened its new office in Canada. Over the years, Huawei always focused on enhancing its mobile technology and has a number of partnerships with other companies. It also formed a joint venture, 3Com-Huawei and focused on R&D and production of the networking products.

    Huawei is a collective company now and not privately owned any more. By the year 2010, 80% of the top 50 telecom companies worked with Huawei. Some prominent partners include Motorola, Vodafone, Talk Talk, T-mobile, Clear wire, Bell Canada, etc.

    Huawei – Mission

    Huawei’s mission is to expand the benefits of technology to everyone, everywhere. To achieve this, they’ve developed a digital inclusion strategy that focuses on three areas: technology, applications, and skills. Huawei believes that technology will make life better for every individual, home, and organization.


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    Huawei – Recent News

    • The research report provides deep insights into the regional market revenue, parent market trends, macro-economic indicators, and governing factors, along with market attractiveness per market segment of North America. The report provides an overview of the growth rate of the North America 5G Chipset market during the forecast period, i.e., 2020–2027 in which top key players are Broadcom, Inc., Huawei Technologies Co., Ltd, Mediatek Inc., Nokia Corporation, Xilinx, Inc.
    • Lawmakers passed a motion demanding Prime Minister Justin Trudeau decide within 30 days whether to ban Huawei Technologies Co. Ltd. from Canada’s next-generation wireless network.
    • The chief executive of Ericsson has come out in support of arch-rival Huawei after Sweden blocked the Chinese firm from building its 5G networks.

    Huawei – Partnerships

    As of the beginning of 2010, approximately 80% of the world’s top 50 telecoms companies had worked with Huawei.

    Current prominent partners include:

    • Bell Canada
    • BT
    • Clearwire
    • Cox Communications
    • Globe Telecom
    • Motorola
    • Orange
    • PLDT
    • Portugal Telecom
    • Google
    • T-Mobile
    • TalkTalk
    • Vodafone

    Huawei – Business Model

    When you look at the rise of the Huawei it’s clear that the success has come from adopting new business models to fit current market trends and to ensure that they remain competitive towards its competitors. The adaptation and change for its business models over the years has ensured that it remains a dark horse in the smartphone industry. Many years ago, Huawei was known for selling ‘cheap and cheerful’ products, which were renowned to not last very long.

    As a company, Huawei has invested millions in R&D to help them pursue better approaches to the industry and to try and get the company renowned as one of the best. As you can see from the image below the amount of units that Huawei now sells compared to back in 2013 is a substantial improvement, which can effectively be down to several improvements it has made as a company over the period of 3 years. The willingness of adapting and changing its ideas to fit and match companies such as Apple and Samsung will be a major factor of its success.


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    Huawei – Revenue and Growth

    Huawei announced worldwide revenues of $105.1 billion for 2018, with a net profit of $8.7 billion. Huawei’s Q1 2019 revenues were up 39% year-over-year, at US$26.76 billion. In 2019, Huawei reported revenue of US$122 billion.

    Huawei – Investments

    Huawei Technologies has made 5 investments. Their most recent investment was on Dec 19, 2019, when Lero raised €6M.

    Date Organization Name Round Amount
    Dec 19, 2019 Lero Venture Round €6M
    May 8, 2017 Falcon Computing Solutions Series B $8M
    Mar 1, 2015 Che Youyuan Angel Round CN¥3M
    Jul 21, 2014 XMOS Series D $26.2M
    Jan 1, 2011 Teewon Venture Round CN¥320M

    Huawei – Acquisitions

    Huawei Technologies has acquired 9 organizations. Their most recent acquisition was Vocord on Jun 4, 2019.

    Aquiree Name Date Amount About Acquiree
    Vocord Jun 4, 2019 Vocord is a developer & manufacturer of intelligent video surveillance systems, biometric identification and computer vision
    Vokord Telekom Zao Jun 3, 2019 $50M Vokord Telekom Zao manufactures radio and television broadcasting and communications equipment
    HexaTier Dec 27, 2016 $42M HexaTier delivers unified database security solutions utilizing a patented database reverse proxy technilogy
    Toga Networks Dec 7, 2016 Toga Networks is a privately held company that provides advanced technologies research and high level design for the IT and Telecom markets
    Neul Sep 22, 2014 $25M Neul develops wireless network technology to enable the use of TV white space spectrum
    Centre for Integrated Photonics Jan 26, 2012 Centre for Integrated Photonics designs, develops, and manufactures semiconductor optoelectronic chips for telecommunications applications
    Huawei Symantec Technologies Nov 14, 2011 Huawei Symantec Technologies Co. Ltd. (Huawei Symantec) is a leading provider of network security and storage appliance solutions to
    3Leaf Feb 19, 2011 3Leaf offers server virtualization solutions for data center initiatives such as power management and architectural support
    Harbour Networks Holdings Sep 11, 2006 Harbour Networks Holdings provides internet protocol-based networking equipment and services management software for varied industries

    Huawei – Competitors

    Huawei’s top competitors include Lenovo, Ericsson Nikola Tesla, Ericsson, ZTE, Apple, Nokia, Xiaomi, Sony, Samsung Electronics and HTC.

    Huawei – Challenges Faced

    Huawei’s globalization efforts were marred by issues of security concerns expressed by countries that were sceptical over its lack of transparency. The US had vehemently opposed Huawei’s growth activities in its country. To become a truly global company, Huawei had to develop its market in the US. Against the backdrop of such security concerns, the case study would analyse the growth of Huawei in its home country, China, its international growth strategies and whether the hue and cry raised by the US authorities on security concerns would really impede the growth of Huawei globally.

    During the first three quarters of 2020, the Chinese telecoms and smartphone giant reported revenue of 671.3 billion yuan (about USD $100.7 billion), an increase of 9.9% year-over-year, with a profit margin of 8%. The company said those results “basically met expectations,” but it represents a huge drop from its performance during the same period last year, when Huawei reported 24.4% growth with a profit margin of 8.7%.

    The company wrote that “as the world grapples with COVID-19, Huawei’s global supply chain is being put under pressure and its production and operations face significant challenges. The company continues to do its best to find solutions, survive and forge forward, and fulfil its obligations to customers and suppliers.”


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    Huawei – Future Plans

    Looking to the future, Huawei’s innovation will transition as we move from an Innovation 1.0 era to an Innovation 2.0 era. Huawei said that it was going to start with smartwatches, wearables, in-car head units and it’s powering the Honor Vision smart TV, although the company stuck to open source Android for its smartphones in 2020, while its wearables still use LiteOS at the time of writing.

    The company says, “In Innovation 2.0, based on our vision for the intelligent world we are entering, we will aim to break the bottlenecks in theories and basic technologies that have hindered the development of ICT. In this stage, we will focus on theoretical breakthroughs and inventions, which means going from 0 to 1. “

    The philosophy of Huawei’s Innovation 2.0 will bring together universities and research institutes and connect the academia with businesses, to allow all types of global scientific research resources and talent to come together in the pursuit of innovation.

    To better implement Innovation 2.0, Huawei will adopt a number of approaches, including supporting the research programs of universities and research institutes, building its own labs, and investing along multiple technological paths.

    Huawei – FAQs

    What services Huawei provide?

    Huawei Technologies designs, develops, and sells telecommunications equipment and consumer electronics.

    Can Huawei phones be used in India?

    Yes, Huawei phones are used in India as it was relaunched in January 2020 itself.

    Can Huawei still use Google?

    Despite executive comments to the contrary, Huawei says it’s still open to using Google services after being forbidden from including them on devices last year.

    How does Huawei make money?

    There are around 3 core business units in the company, Telecom Carrier Networks, Enterprise Business and Devices or manufacturing communication devices.

    Where was Huawei banned?

    The company was blacklisted in 2019 by Trump when the US alleged that it was too close to the Chinese government.