When it comes to the tech world, America used to run the town with renowned companies such as Apple, Google and Yahoo. However, as society progresses, we see a shift in the tech market, as Asian companies become more wealthy and have more influence over western tech companies. Nowadays, Asian tech companies are so influential that even top American tech companies have to rely on them to survive in the big, bad world of tech. Here are 5 ways Asia’s involvement in the American tech market has been influential in their business:
China’s influence in Apple
According to the latest earning reports in the Wall Street Journal, China and Japan provide Apple’s largest spots for growth. After securing a deal with China Mobile, Apple received a $8.8 billion of revenue from China last quarter, and it is only a bright road ahead, as China is currently the largest smartphone market in the world.
Lenovo’s involvement with Google
The word out there is that Lenovo, a Chinese company, is planning to acquire Motorola from Google for $2.91 billion. Although Motorola’s technology is relatively outdated and not extremely appealing in the smartphone market, Lenovo is the willing to acquire Motorola in order to have a competitive edge in the Android market.
Alibaba saves Yahoo
Yahoo might be one of the top tech companies in America, but its 20% stake in Alibaba, China’s top e-commerce company, is why they can still maintain their dominant status. Last quarter, Alibaba’s earnings were actually double those of Yahoo’s, which has boosted Yahoo’s evaluation and earnings to a great extent.
Facebook’s biggest growth is in Asia
Although Facebook is losing its popularity among users in the U.S. by millions, its biggest growth is currently in Asia with over 368 million monthly active users. At the moment, Asia is Facebook’s largest and fastest growing continent even without the help of China, which blocks access to this social network in the country.
The new CEO of Microsoft
The new CEO of Microsoft is Satya Nadella, a native Indian professional who has worked in Microsoft for over 22 years. Described as a mild-mannered and private employee, he was considered as a safe choice for the position. Although this is not a direct Asian influence in the company, the new CEO has big plans for the future strategy of Microsoft and its role in the mobile market.