Large technology companies released strong results on Thursday, highlighting consumers’ reliance on giants such as Amazon during the pandemic and their extraordinary economic strength-the subject of a US Congressional hearing a day ago.
Result from apple, Amazon, Facebookwith Google parents letter -Ironically, the CEO of the same company Antitrust hearing At the Congress meeting this week-much better than expected.
The report illustrates the increasing importance of social networks, digital content and connected devices, which have been regarded as the lifeline of pandemic patients.
Apple profit rose In the three months ended June 27, revenue increased by 8% to US$11.2 billion (approximately Rs 83,800 crore), and revenue increased by 11% to US$59.7 billion (approximately Rs 44.6 billion).
California tech giant’s iPhone Sales, where accessories and services (such as applications and digital content) have grown more significantly.
The CEO said: “In uncertain times, this performance proves the important role our products play in the lives of our customers and Apple’s unremitting innovation.” Tim Cook Said.
Wedbush Securities analyst Daniel Ives (Daniel Ives) said that the results provided the impetus for Apple to prepare new products. iPhone 12.
Ives said in a research report: “This stage is preparing for the upcoming large-scale cycle of the troubled iPhone 12.”
Amazon also said Profit almost doubled Reached 5.2 billion US dollars (approximately Rs 38,911 crore), and sales increased by 40% to 88.9 billion US dollars (approximately Rs 66.4 crore).
Amazon founder and CEO said: “This is another very unusual quarter, and I am proud and grateful to our employees worldwide.” Jeff Bezos.
While sales of grocery, video, and cloud computing businesses continue to grow, Amazon has told investors that it hopes to spend all of its profits this year on costs related to keeping employees and customers safe during the pandemic.
Neil Saunders of the research firm GlobalData Retail said: “This amazing result from Amazon shows that during the pandemic, shopping habits in the United States and around the world have changed.”
“As shoppers become more digital and online to meet their various needs, many of these changes are beneficial to Amazon’s advantage.”
Facebook Said It paid huge fines to US regulators, and its profits doubled to US$5.2 billion (approximately Rs 38,877 crore) compared with the same period last year.
Revenue increased by 11% to US$18.7 billion (approximately 13.9 billion rupees), indicating that boycotts of leading social networks have minimal impact on their handling of hateful content and misinformation.
Facebook said its core social network has grown to 2.7 billion, while the total number of users including the “family” app exceeds 3.1 billion.
Debra Aho Williamson, an analyst at eMarketer, said that Facebook’s advertising business “has been negatively affected by the global pandemic, but its impact is far from what many people expected.”
Williamson said she believed Instagram Although the details of the platform were not disclosed, it “played an important role in Facebook’s fight against the pandemic.”
letter Reported There was a rare decline in revenue and profit in the quarterly report, but it still exceeded market expectations.
For most online giants that rely on digital advertising revenue, profits fell 30% from a year ago to 6.96 billion US dollars (approximately 520.15 billion rupees).
CFO Ruth Porat (Ruth Porat) said that revenue fell 2% to 38 billion US dollars (approximately 24.8 trillion rupees): “We will continue to struggle with the global economic environment.”
After the release, Alphabet’s stock rose slightly in after-hours trading, while other companies’ stock growth was even stronger.
As the pandemic has forced people to wander at home, Alphabet sees an increase in demand for entertainment content YouTube And its online Play store and cloud services for cloud services are increasingly used for learning, work and online business.
On Wednesday in Washington, the chief executives of four technology companies were criticized by US lawmakers during an antitrust hearing, which may lay the foundation for strengthening the supervision of major Internet platforms.
“In short, they have too much power,” said David Sicilion, a Democrat from the chairman of the Democratic Party of Rhode Island.
Cicilline made it clear at the hearing that these companies “have monopoly power-some need to be broken down, and all need to be properly supervised and accountable.”