Re:The next billion users are the future of the internet
by Karrot_Kream on Wednesday February 14, 2018 @02:56PM
(#16378819)
> 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.
Re:The next billion users are the future of the internet
by whack on Thursday February 15, 2018 @02:29PM
(#16386762)
Sure, 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.
Re:The next billion users are the future of the internet
by zanny on Wednesday February 14, 2018 @02:52PM
(#16378781)
3 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.
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.