Yesterday (Wed 23rd April 2014), Facebook and Apple both posted impressive earnings for the first quarter (Jan-March), showing investors that technology is a good business.<\/p>\n
The UK has a much smaller technology business, but is home to some very creative companies, such as Skygazer Labs<\/a>\u00a0the home of the superb mySymptoms<\/strong> app, \u00a0Shazam<\/a> the music discovery app, BT plc<\/a> the most dynamic telecoms company in the world, to name just three UK technology players.<\/p>\n Silicon Valley in California is home to the global technology industry. Created in the 1950’s with the start up of Shockley Electronics, that then lead to new companies, such as Robert Noyce, Gordon Moore and Andy Grove leaving Shockley Electronics to form “Integrated Electronics<\/strong>” that is known today as Intel Corporation<\/strong>. This innovation and creativity has lead to many companies in Silicon Valley, such as:-<\/p>\n Intel, Oracle, AMD, Facebook, Google, Symantec, eBay, Hewlett Packard, Yahoo, Apple, Cisco, Juniper, Adobe and Sandisk<\/strong> is name but a handful.<\/p>\n An interesting statistic is to look at the latest annual revenue of these firms:-<\/p>\n Intel US$52.70 billion<\/strong> Just these 16 famous name companies, their total annual revenue is US$544.827 Billion<\/strong><\/p>\n Now that US$544 Billion<\/strong> is only for the just 16 companies<\/strong> that I named above in the past 12 months. US GDP is US$16,000 Billion<\/strong>, (US$16 Trillion) So the 16 famous Silicon Valley companies annual revenue equate to 3.41% of the US annual GDP<\/strong>. Of course their are hundreds of technology companies in Silicon Valley, and I did not mention Microsoft, who are based in Seattle. So one can see the size of the US Technology sector. It is vast.<\/p>\n Silicon Valley is a massive contributor to the US and global economy.<\/p>\n","protected":false},"excerpt":{"rendered":" Yesterday (Wed 23rd April 2014), Facebook and Apple both posted impressive earnings for the first quarter (Jan-March), showing investors that technology is a good business. The UK has a much smaller technology business, but is home to some very creative companies, such as Skygazer Labs\u00a0the home of the superb mySymptoms app, \u00a0Shazam the music discovery […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-533","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/533","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=533"}],"version-history":[{"count":1,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/533\/revisions"}],"predecessor-version":[{"id":534,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/533\/revisions\/534"}],"wp:attachment":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=533"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=533"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=533"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nOracle US$37.18 billion<\/strong>
\nAMD US$5.30 billion
\nSalesforce $3.05 billion
\nFacebook US$7.872 billion
\nGoogle US$ 59.82 billion<\/strong>
\nSymantec US$ 6.73 billion
\neBay US$ 16.05 billion
\nHewlett Packard US$ 112.298 billion<\/strong>
\nYahoo US$4.68 billion
\nApple US$ 170.910 billion<\/strong>
\nCisco US$ 48.607 billion<\/strong>
\nJuniper US$ 4.66 billion
\nAdobe US$ 4.40 billion
\nSandisk US$ 6.2 billion
\nNetflix US$4.37 billion<\/p>\n