Technology is a generic term – Software is a precise term


I have always wondered why they are referred as Technology companies.

  1. Apple’s share of revenues are mainly from iPhone sales, followed by iPad, and Mac computers.
  2. Amazon’s share of revenues are mainly from Retail (online and offline), and then AWS and others.
  3. Google’s share of revenues are mainly from Advertising. Other supporting products are mail, youtube, docs, browser, playstore, android etc.,
  4. Microsoft’s share of revenues are mainly from Personal computing software, followed by business processes etc.,
  5. Facebook’s share of revenues are mainly from Advertising, and a small percentage comes from payments

Most of them as you can see are purely consumer plays having direct B2C connection.
They use Technology for their products and services.
They develop software and hence software companies.

Are companies in Automobile, Engineering, Electronics, Pharmaceuticals, Chemicals not technology companies?
Don’t they use Technology for their products and services.

Please let me know what you think

Thanks

Advertisements

Leave a comment

Filed under General

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.