If no pandemic had occurred, the tech industry’s influence could have increased over the past year. But the economic impact of Covid-19 has made tech giants taller than they could have imagined a year ago.
Quarterly financial results from last week
Apple Co., Ltd.
Microsoft Co., Ltd.
Amazon.com Co., Ltd.
Facebook Co., Ltd.
And Google’s parent Alphabet Inc. Put its advantage on a vibrant display. Each of these companies (already a pre-pandemic Jaguar Note) recorded revenue growth near or above the fastest pace in years.
Quintet set a record for sales and profits.Revenue from Apple, the world’s most valuable company 54% jump To the highest level ever hit in the first three months of this year.Amazon recorded for 4 consecutive years Record quarterly profit— Growth when total revenue exceeds total for the last three years.
“More than a year after the pandemic, the digital adoption curve hasn’t slowed down,” said Satya Nadella, Microsoft CEO. Latest quarter..
The stock market gives a glimpse of how huge these companies have grown during this extraordinary period. The total market value of the five big tech companies now exceeds $ 8 trillion, accounting for almost a quarter of the total value of S & P 500 companies. .. That’s almost double the rate five years ago.
Let’s take a closer look at the Big Five in numbers.
From January to March, Apple sold $ 47 billion on the iPhone. This was a 66% year-on-year increase, thanks to a new model with next-generation 5G technology. Consumers are also spending more on premium iPhones, with average retail prices in the US rising $ 52 year-on-year to $ 847, according to data from Consumer Intelligence Research Partners LLC.
Teams, Microsoft’s workplace collaboration tool, currently has 145 million active users.
This is almost double the previous year, up from about 20 million in November 2019. Nadella said the pandemic will accelerate the adoption of a variety of digital tools, benefiting operations from business software to cloud computing to video games.
The e-commerce giant now has 950,000 American employees, compared to 500,000 about a year ago.
The company has been hiring at a vigorous pace to meet the pandemic demand for essentials and shorten delivery times.Amazon is currently the second largest non-governmental employer in the country
Walmart Co., Ltd.
Last week, it said it hired tens of thousands of positions nationwide.
Advertising revenue for YouTube, Google’s video division, increased 49% in the latest quarter.
YouTube became a national entertainment hub in the year of the stay-at-home order and attracted so many viewers that advertising revenue reached $ 6 billion this quarter, down only 16%.
Netflix Co., Ltd.
Generated during the period. Google has squeezed more money out of the brand with a new ad format that can be purchased directly on YouTube during commercials.
Facebook, Instagram, Messenger, or WhatsApp was used by 3.45 billion people at least once during the last month.
This is an increase of nearly one-sixth from the 2.99 billion figure of the previous year. The company’s ubiquitous reach has been further expanded as people stuck at home live more lives online and seek more information and interaction.
Copyright © 2020 DowJones & Company, Inc. all rights reserved. 87990cbe856818d5eddac44c7b1cdeb8
It was published in print on May 1, 2021 as “In Tech, There’s Regular-Big And There’s Pandemic-Big”.
Five tech giants continue to grow
Source link Five tech giants continue to grow