Exxon did $30B profit on $375B revenues. Net profit margins of less than 10%.
Of course we won't know until Dropbox releases their financials, but I strongly believe that they will be a bombshell when they are released. Nothing like anything we have ever witnessed.
I would not be surprised if their Net Profit margins are 30% - 50%.
At those rates, all it takes is for them to be doing revenues of $100B to exceed Exxon's profit take in 2010.
I know it seems a bit far fetched now, but so did every other technology giant when they were in the budding phases.
I think it would be foolhardy to bet against them.
Hmm. There are about 2 billion internet users, and Dropbox's cheapest paying plan is $99/year. Assuming 50% profit or so, and that no one buys the more expensive plan, it would take a billion paying customers to hit $100B/year, 50% of everyone with internet access. It would definitely be a gradual progression, but probably doable, especially if they branch out into other areas - though I can't think of anything obvious, other than licensing the technology to big businesses for internal stuff. Of course, they can certainly afford to experiment.
Comments
This is not something that will happen over night. You meant to say that Gazprom was the most profitable in 2009.
Exxon did $30B profit in 2010. - http://www.google.com/finance?q=NYSE:XOM&fstype=ii
Exxon did $30B profit on $375B revenues. Net profit margins of less than 10%.
Of course we won't know until Dropbox releases their financials, but I strongly believe that they will be a bombshell when they are released. Nothing like anything we have ever witnessed.
I would not be surprised if their Net Profit margins are 30% - 50%.
At those rates, all it takes is for them to be doing revenues of $100B to exceed Exxon's profit take in 2010.
I know it seems a bit far fetched now, but so did every other technology giant when they were in the budding phases.
I think it would be foolhardy to bet against them.
Hmm. There are about 2 billion internet users, and Dropbox's cheapest paying plan is $99/year. Assuming 50% profit or so, and that no one buys the more expensive plan, it would take a billion paying customers to hit $100B/year, 50% of everyone with internet access. It would definitely be a gradual progression, but probably doable, especially if they branch out into other areas - though I can't think of anything obvious, other than licensing the technology to big businesses for internal stuff. Of course, they can certainly afford to experiment.
Well there are 2 billion internet users - i.e. individuals. But each individual has multiple functions.
E.g. I have a dropbox account at home, and had one for work. So did my boss, and some other coworkers.
So while there are 2 billion internet users, there are many organiztions - profit, non-profit, ngo, etc - which makes the pie even bigger.