Thursday, March 14, 2013

there is no too many people

Apple and Google, 10 years ago, there is no too many people to the two companies is expected to develop into today's influence. While apple and Google 10 annual returns for investors, as high as 5796% and 5796% respectively, and amazing the prosperity of the United States science and technology. Last night to return to 3245.12 points, the nasdaq index (Nasidaq), 13 years ago in a wave of the Internet, once over 5000 points. American technology market to Daniel, stocks and the market and is China's science and technology, technology stock prices show the scene of a coke, "soft" is the gap?

Domestic and foreign market gap is huge

Overall, U.S. technology companies have become an important force in the U.S. stock market, in standard & poor's (S&P 500), for example, 500 as of March 13, 2013, the technology company has a market value of 18%, more than the financial industry become one of the first industry in the United States. In the S&P 500 market value of the top 10 companies, technology companies accounted for four of including apple, IBM, Microsoft and Google, one of apple's market capitalization at record high in recent years, the market value of up to $402.2 billion, 2.5 trillion yuan. However, at present, China's largest market value of the science and technology is born in the small and medium-sized board of listed company of hikvision (002415), the market value of 60 billion yuan.

Industry development have head

American listed technology companies a total of 1156, while China's listed companies classified according to the CSRC industry covers the Internet, media, communications and other industries of the listed companies a total of only 391, total market capitalization of more enormous differences. Unlike America started earlier, the innovation of science and technology, science and technology of China started late, has experienced the first wave of baptism, the vast majority of the listed company of science and technology network wave after birth and listed in 2000, mainly in many small and medium-sized board listed on the gem. In the 391 science and technology of China listed companies, 121 board of listed smes, 132 gem companies, and the gem will be officially launched in 2009.

In accordance with industry classification of the global industry classification system (GICS), listed in the U.S. tech company is divided into the semiconductor and semiconductor equipment, software and services three categories, each categories and subdivision industry. Careful analysis industry technology company stock market value and revenues accounted for some of the industry do not match the value and income ratio significantly.

Technology companies in the United States, most Internet software and services company, in 243, shows that industry competition is intense, industry concentration is low. At the same time, the industry's revenues accounted for only 6.89%, but market value accounted for 16.21%, according to investors optimistic about the industry's growth prospects, thus giving higher valuations, which Google a revenue and market value accounted for 50%. Computer hardware industry, the company number is only 18, but both revenue and market value accounted for larger, mainly including apple, its a accounts for 47.6% of the industry revenues, market value is 83% of the industry, fully embodies the apple industry of ruling ability. Office technology distributors and electronic products company, its sales revenue accounted for 9.40% and 1.57% respectively, but the value is only 0.64% and 0.39%, the market for both the development of the industry is not optimistic. Application software and system software two child, industry revenues accounted for 2.91% and 2.91% respectively of market value accounted for 6.24% and 15.45%, especially the application of the software industry has 168 companies, and system software industry is only 55. Present the application software industry space is still large, low concentration, but also indicated that the industry will inevitably face future acquisition.

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