The tech business is de facto two industries. There are the 5 giants, which function at an virtually unimaginable scale, after which there’s all people else.
Alphabet, Amazon, Apple, Fb and Microsoft all reported March-quarter earnings this week, and a few of the numbers that got here out confirmed how dominant they’re. In lots of circumstances, comparatively small enterprise items buried throughout the giants are producing extra income than total big-name tech firms.
As an illustration:
Google’s YouTube is on observe to generate as a lot income this yr as Netflix — as soon as dubbed a peer within the