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FX.co ★ Technologies instead of oil industry

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News in Pictures:::2017-03-27T05:11:25

Technologies instead of oil industry

    At present, the global resource economy is being replaced by the technological one. Previously, IT-giants rarely fell into the top five of the world leaders in terms of capitalization, but now they have occupied it completely. It is high-tech companies that top the ranking of the most expensive public corporations in the United States.

Technologies instead of oil industry

    For the first time in 36 years, Exxon Mobil Corp. is not in the list of the most expensive American companies. This week the corporation was pushed aside by Amazon. Apple ($567.8 billion), Alphabet ($543.4 billion) and Microsoft ($440.9 billion) have long been the leaders in capitalization in the US market.

Technologies instead of oil industry

    Bloomberg believes that the superiority of the five IT companies on capitalization is an unprecedented case. Five years ago the first two places belonged to Exxon and Shell, and Apple was considered the only high-tech company. About 10 years ago it was replaced by Microsoft, and for a long time, among the IT companies, there weren't any leaders on the market value, apart from it.

Technologies instead of oil industry

Investments in virtual technologies, according to experts, at the moment are most profitable, as they are in demand all over the world. The main resources of IT companies are the population and information, which, from the economic point of view, has infinite potential. Analysts are sure that the global demand is not affected even by the fact that information products can have marginal costs, tending to zero.

Technologies instead of oil industry

    At the present time, global IT leaders have found a way to benefit from the ever-increasing Internet audience. For example, Facebook and Google are increasing their numbers through advertising. However, according to Shendorf, a Silicon Valley venture investor, you should not rest on your laurels and assume that you are fully insured against falling. He is convinced that in the next 20 years, Microsoft and Google will lose their positions.

Technologies instead of oil industry

    In the late 1990s, high-tech companies came forward, overtaking the oil ones. At the moment, according to experts, the cost of a unit of raw materials produced by companies has greatly decreased. Because of this, the incomes of commodity producers fell. It was the IT companies that were the winners.

Technologies instead of oil industry

The oil and gas industry is close to the state of decline, it has no future, unlike high-tech companies, experts say.

Technologies instead of oil industry
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