In 2000, Palm was worth more than Apple, Google, NVIDIA, and Amazon put together
Thekabarnews.com – In 2000, when the dot-com bubble was at its peak, Palm was at the center of the tech world. For a short time, the company’s market value was higher than the combined...
Thekabarnews.com – In 2000, when the dot-com bubble was at its peak, Palm was at the center of the tech world. For a short time, the company’s market value was higher than the combined value of Apple, Google, Amazon, and Nvidia. This level of wealth is practically impossible to imagine now.
Palm’s handheld devices changed the way people used computers on the go. Palm’s personal digital assistants (PDAs) let professionals manage their calendars, contacts, notes, and apps long before smartphones became popular. Palm devices were essential for work and getting things done for many people.
Investors were more confident because of this early success. At the turn of the 2000s, Palm’s products set the standard for how mobile devices were used, and most market observers thought the company would be responsible for the future of personal technology.
But Palm did not see how fast and in what direction technology would evolve. The company worked hard to improve productivity tools, but the industry quickly moved toward fully linked devices and digital ecosystems that worked together.
Apple devoted a lot of money to software and the user experience, which finally turned the phone into a primary computing platform. Google became the most powerful company in the world thanks to its search engine, data, and mobile operating systems.
Amazon changed the way business works by conquering logistics and cloud infrastructure. Nvidia, on the other hand, quietly made itself the backbone of modern computing, powering everything from AI to gaming.
Nvidia overtook the once unstoppable Palm
Palm’s growth and fall is a warning to the tech industry today. Its story teaches us an important lesson: becoming a leader early on does not mean you will be successful for a long time.
In fast-moving markets, those who can adapt to the future will survive, not those who dominate one age.
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