There is a famous quote that says "Everything has to evolve or it will perish". similarly in tech industry and business there are only two options grow or perish. Some of the tech companies have clear object and goals where are others usually follow windy paths and had gone throw twists and turns. These tech giants have earned their successes in a bizarre way. But one thing about them is certain that they are here to stay and shape today's society.
let's dive into the interesting beginnings and product shift of these tech companies .
SAMSUNG (Fish to Phones)
Today this South Korean company is known for its smart phones but did you know that from 1950s-1960s Samsung have been in various businesses such as insurance, textile , and trading dehydrated fish. In 1970 they got into electronics and released black and white TV and rose to prominence. Finally they landed into goldmine by introducing phones and the rest is history . Today , Samsung is worth more than $275 billion.
SONY (Rise Cookers to Electronics)
Sony originally is a Japanese company but now it's shares are distributed among the shareholders. It is known for it's electronics but it started with building wooden rice cookers after World War 2. But due to inconsistent electrical power throughout japan, this product didn't grow. However this reputable brand has made its name in buildings TVs and now Sony is a diversified conglomerate that includes services for electronics, conductors, movies, music, games and others.
YOUTUBE(dating to video streaming)
Who doesn't have heard about YOUTUBE unless you are literally living under the rock. This American company was founded in 2005. Initially the vision behind it was to use it as video dating app. However, this idea didn't worked hence, the co-founders decided to transform it into a platform that will allow videos for multiple purpose i.e. for education, entertainment etc. In 2006 Google bought YouTube for $1.7 billion.
#NOKIA(Rubber Boots to Phones)
In the 1970s and 1980s Nokia was into different kind of products. This Finnish company was a successful rubber boots company in 1970s -1980s. But in 1990 inspired from the technology booming era they shifted from boot to mobiles. Although Android and iPhone have sped past Nokia as smartphones manufactures, Nokia is still worth about $24 billion.
FACEBOOK(Rating pictures to Friend Requests)
The social network site TheFacebook.com was launched in february 2004 by an American student in harvard dorm room. Initially "Facemash" was as a platform that compared images but rapidly it became a social connecting site hence the name 'Facemash" was transformed into "TheFacebook". Now it has billions of users across all the world. It also had brought companies like WhatsApp, Instagram, and Messenger.
TWITTER(Podcast to Tweets)
Twitter is a service to communicate and stay connected through the exchange of quick , frequent messages. However, before this tweeting era , the company was a podcasting platform called "Odeo". But when Apple announced that they are getting into this podcasting industry, the team realized they couldn't compete. Hence, Ode turned to its engineering manager Jack Dorsey to pivot the company into his side project , now known as Twitter. It averages 150 million daily users.