General Electric is the top transnational American company that develops technology and produces power plants, turbines, locomotives, equipment for taking photos and making videos, aircraft engines. The main office of this powerful company is located in Boston.
In terms of market capitalization, this company is said to be one of the most profitable worldwide, as well as it is considered to be one of the biggest monopolies in the US.
General Electric’s history is somewhat similar to the rise of IT-startup companies. This company is one of the oldest in the modern technology market. It is directly connected with the following areas – sound recording, lighting design and technology, electricity and other related to these spheres.
This transnational corporation was founded by one of the greatest American inventors Thomas Edison in 1878. After its creation, it was called Edison Electric Light. Its founder was not only an inventor but also a successful businessman, which is why the company through all of its history was booming.
The biggest success of Thomas Edison’s company was the creation of research centers, as well as laboratories and industrial production. Nowadays, those research centers are called R&Ds, which came from the words “research and development”.
Many of the US engineers think that Thomas Edison had the ability to see future events. He was a great inventor that always kept up with new innovations and applied them in his works and inventions.
It was Edison that expressed the idea of making electricity available in every corner of the planet and that candles will be used only by rich people.
In 1910, Edison’s company bought A. Lodygin’s patent to create tungsten filament bulbs. Soon after this, General Electric began to massively produce such bulbs. Besides, in 1925, the corporation produces the first refrigerator that any person would be able to buy and use. Also, three years after Thomas Edison launched the first television broadcast.
Despite the fact that washing machines were introduced only in the Renaissance period, General Electric company was the one to produce its brand washing machines in 1947.
These were not the only inventions created by Thomas Edison. His company also one of the three corporations that created and produced US military weapons. Some of the inventions by the famous Thomas Edison include jet engines, nuclear weapons, “Volcano” air defense systems, thermonuclear weapons, mounting machine guns installations, and many other ones.
As stated by the Fortune Global 500 rankings, this transnational company is the 16th in the list of the highly profitable companies. The number of workers in the factories is over 315,000 people. In 2008, the corporation’s revenue totaled in more than $182 billion and with the net income more than $17.4 billion.
Forbes Global 2000, considers Thomas Edison’s company to be the 9th on the most significant public companies list.
The brilliant company has warned its investors of the loses that are waiting for them in 2019. At the beginning of this year, its shares fell in price by 3%, but after rapidly increased by 4%. Also, it is expected for them to grow even more by the last months of this year.
Forex analysts state that General Electric’s shares will jump in the price by 0.5% per one share. As of July 31, 2019, one General Electric share was $10.71. They think that at the end of this year the shares will rise in values to around $13.
It is advisable to sell the company’s shares when the prices are rising and buy when the value reduces. General Electric shares will be a great asset to the investment portfolio.
Sociological studies state that around 80% of Westerners are either active or passive investors in different companies. But there are some people that are scared of investing actively.
If you wish to purchase shares of the famous American Corporation General Electric, it is very easy. All you need to do is sign up on the Maxitrade.com trading platform and get the first-class tools of Thomas Edison’s Company.
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