How is the business of big technology companies shining despite the global crisis?

Global Crisis Oct 31, 2020

The business of Amazon, Apple, Facebook and Google is booming and despite the global crisis, the business of major technology companies in the United States seems to be improving again.
On Thursday, Amazon, Facebook, Apple and Google released quarterly reports as of September 30 this year, informing companies of their profits and earnings. One thing all these reports had in common was that production was increasing and there were no signs of slowdown.

  1. Amazon is the 'king' in big companies

At first, we were just looking at cardboard boxes and delivery cars, thinking that the online shopping business was booming. But now we have more evidence. Amazon has been the most profitable company during the global epidemic.

The online shopping and e-commerce company has sold 96.1 billion worth of goods in three months. In 2019, this amount is 37% more than last year.
Amazon has made a profit of 6. 6.3 billion in just three months. This year's quarterly profit is almost three times higher than last year's full profit.
The rise in e-commerce business in the days of the epidemic in North America is being blamed for this. People are preferring online shopping to avoid corona virus.
But at the same time, Amazon's advertising and cloud computing business has been very lucrative.
But there has also been damage as a result of this production. Amazon says it has spent 2.5 billion dollar on Code 19 to prevent and manage it.
The company's reputation has also been damaged. Some stringent policies for Amazon employees have been under discussion and there have been several demonstrations in their offices against the difficult situation.

2. Colors are fading on social media

GETTY IMAGES

Facebook, the owner of Instagram and WhatsApp, said that the number of daily users in September was 2.5 billion. That's up 15 percent from September last year, but only 3 percent more than in June this year. That's because during the early months of the corona virus, people were confined to their homes and turning to social media for nothing to do.
The company says Facebook users have also declined in its most lucrative markets, the United States and Canada. It has told investors that the trend will continue as expected.
Twitter has also pointed out the same trend. It claims that from July to September, it had 187 million daily subscribers. This is an increase of only one per cent over the same period last year.

3. Advertising does not reduce the revenue of companies

Many businesses cut their advertising budgets earlier this year in the wake of the lock-down and crisis. The move reduced revenue for Facebook and Alphabet (the company that owns Google and YouTube).
Alphabet said in its first quarterly report this year that for the first time since becoming a public listed company in 2004, its revenue has fallen sharply.
But now businesses are again spending money on their advertising on social media and the internet, which is again boosting the revenue of these companies.
Google's revenue rose 14 percent, more than experts had predicted. Profits rose 59 percent to more than ڈالر 11 billion. After a few hours of buying and selling its shares in the stock market, their price rose by six percent.
Twitter's revenue grew 14 percent, compared to 22 percent for Facebook. Facebook says it is hoping for more.

4. Next iPhone 'should be bigger'

REUTERS

Apple's revenue is slightly higher than last year (.7 64.7 billion). Contrary to experts' expectations, sales of Apple's laptops and iPads also increased more than expected.
But the company's shares fell after a few hours of buying and selling. Investors saw a more than 20% drop in revenue from iPhone sales.
But the damage was most pronounced in Apple's Aerator China region. The company usually sells 20% of its sales there and there is a 30% drop in sales.
Apple is excited that consumers will be waiting for its new model of iPhone, which this time came on the market a little later than in previous years.
"Despite the ongoing crisis of the Code 19, Apple is going through the most glorious period of introducing its new model, and the initial results of our first 5G iPhone have been very encouraging," said Chief Executive Tim Cook. '

5. Will others be happy with their success?

As usual, companies have focused on sales and profits and not on the controversies that surround their companies, such as the growing demand for tougher laws in the United States and other countries.
Facebook mentioned a bit that the changing legal framework could cause problems.
Paolo Pascator, an analyst at PP4Site, warned that "the financial success of companies will also increase the number of complaints against them."
He said that the success and dominance of technology companies would increase the anxiety of the people and the demands for legislation against them would also increase due to antitrust concerns in this regard.

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