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What you're saying is true today, but not in the future. China's GDP is expected to surpass American GDP in the next decade, and India will follow suit in anoth
by whack 9y ago
What you're saying is true today, but not in the future. China's GDP is expected to surpass American GDP in the next decade, and India will follow suit in another ~3 decades. The combined South-American/African markets will likely surpass North America in the 21st century as well. Not because of any special merit on their part, but simply because their population exceeds America's by a factor of 3-4.
If you're a company like Google, that is well established to last for another couple decades, you'd be foolhardy not to ride this massive wave.
- zanny 9y ago3 decades ago the Internet didn't exist. 2 decades ago Google was a project in a basement. A decade ago smartphones were still thought to be a fad. Trying to predict tech trends 3 decades from now seems a tad foolhardy.
- czardoz 9y agoPopulation is not a tech trend.
- Karrot_Kream 9y ago> China's GDP is expected to surpass American GDP in the next decade, and India will follow suit in another ~3 decades Right but aggregate GDP is not as important to these companies as GDP per capita. > If you're a company like Google, that is well established to last for another couple decades, you'd be foolhardy not to ride this massive wave. Actually I'm pretty sure the big tech companies can make most of their revenue from high GDP-per-capita users. Not saying this is the moral choice, but financially I'm not sure that these less wealthy users will move the needle appreciably for the giants.
- whack 9y agoSure, one wealthy consumer is more lucrative than one less-wealthy consumer. But what companies really care about is market size, which is number-of-consumers * per-customer-value. Ie, aggregate GDP. This is why Walmart is worth so much more than Macy's, despite their customers having a much lower income.