And things like Wish clearly only if we're talking gross margin, not operating margins. The amount of ads they're running is crazy.
I don't really think Wish is a tech company though.
"one with a significant development arm of their employees/business that is crucial to the company's success"
So any company run off an app or website that's complex and well made is probably a "tech company" even if it's in the business of cars, e-commerce, or widgets. There's no hard and fast rule here of course, but we don't need to pretend we don't know the gist of what people actually mean, even if "tech company" is a misnomer in many ways.
Well it is a misnomer and that's precisely the point.
Do you consider Apple, which builds consumer electronics (e.g. hardware engineering) a tech company?
No, you'd have to be familiar with their internal practices. But let's be honest, you're just being pedantic now. It's fairly obvious from the outside which companies are "tech" companies.
> Do you consider Apple, which builds consumer electronics (e.g. hardware engineering) a tech company?
First of all, about 25% of their revenue comes from software services, and iPhone is the only segment with more sales. More than 1/2 of their profit (because the gross margins are much higher) come from software services, so Apple is probably a bad example.
But yes, of course they are a tech company. One of the first.
So an automobile company?
