Apple, Amazon, Facebook and Google report Q2 earnings
- 4 years ago
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The coronavirus pandemic is causing an economic upheaval,... but the world's big four tech companies Apple, Amazon, Facebook and Google are mostly ticking along just fine.
Apple said its quarterly profits hit 11-point-two-five billion U.S. dollars, up from 10 billion dollars on-year.
The shift to remote work increased demand for devices like Macs and iPads.
Amazon saw a quarterly profit of five-point-two billion dollars, the biggest in the company's history.
Facebook saw an 11 percent rise in revenue and a profit of five-point-two billion dollars.
It was smaller than other quarters, but higher than what had been forecast.
Alphabet the parent company of Google and YouTube saw about 30 percent drop in profits on-year to around seven billion dollars.
Revenues edged down two percent as firms are spending less on ads.
The coronavirus pandemic is causing an economic upheaval,... but the world's big four tech companies Apple, Amazon, Facebook and Google are mostly ticking along just fine.
Apple said its quarterly profits hit 11-point-two-five billion U.S. dollars, up from 10 billion dollars on-year.
The shift to remote work increased demand for devices like Macs and iPads.
Amazon saw a quarterly profit of five-point-two billion dollars, the biggest in the company's history.
Facebook saw an 11 percent rise in revenue and a profit of five-point-two billion dollars.
It was smaller than other quarters, but higher than what had been forecast.
Alphabet the parent company of Google and YouTube saw about 30 percent drop in profits on-year to around seven billion dollars.
Revenues edged down two percent as firms are spending less on ads.