Over the past two decades or so, most of the profits in the tech industry were captured by Intel (CPUs) and Microsoft (software).
However, times have changed. There’s been a movement away from PCs to mobile devices such as smartphones and tablets. As such, profits have moved away from the Wintel monopoly.
But where have they gone?
According to a recent report by BCG, to LCD and memory vendors, amongst other places:
I’m not sure if this is a temporary or permanent change. It’s possible that as the tablet market matures there may be acquisitions and consolidations like the ones that created the Wintel monopoly in the first place. On the other hand, maybe it doesn’t happen again. It’s still too early to tell.