The world of technology business is a righteously entrepreneurial space; unlike in the academics that teach the ethos of mistakes and castigation, here one is rewarded for failing and dusting off and starting all over again. No wonder it is a world ‘fraught’ with successful school drop-outs.
Amongst the five world’s richest tycoons, three are tech moguls and two of them are college dropouts. Bill Gates, a Harvard sophomore dropout is the richest person in the entire world wide, according to Forbes billionaire 2017 list. Gates has $86 billion to show for it.
Jeff Bezos, a graduate electrical engineer and computer scientist and founder of Amazon is the third richest man in the world and he can show you $72 billion to prove it. Another Harvard school dropout, he of the Facebook fame, Mark Zuckerberg ‘stinks’ $56 billion and is the fifth richest person in the world. Sorry, girls, he is already taken.
Stretch the list to ten and you have on number six, the Mexican richest man who plies the telecommunication market space, Carlos Slim Helu. Another school drop-out Larry Ellison, the rude debase man occupies position 7 with $52.2 billion.
The table below tells a story how global technology companies are doing on Forbes Global 2000.
Apple is the most profitable company. It rakes in about 80 percent of the smartphone profits globally. Facebook makes a lot of profits from a comparatively smaller turnover. In terms of who makes more phones, the situation is very different; in Q2, 2017, Samsung shipped 79.4 million smartphones (23 percent market share) while Apple only shipped a parity of 41 million iPhones (11 percent market share).
Another measure of success is market share growth year over year. Samsung and Apple registered meagre growth; three percent and two percent respectively. This is in sharp contrast to astronomical growth registered by both existing and upstart Chinese mobile companies. Huawei, Oppo, Vivo and Xiaomi grew by 20 percent, 39 percent , 45 percent and 52 percent respectively in 2017. These small Chinese players are fast climbing the market share ladder faster; Huawei has 11 percent, Oppo nine percent and Vivo and Xiaomi have each seven percent.
What shall we say about these things? Tech gold of today camouflages in smartphones and social media.
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