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Amazon, Facebook and Apple are booming in the new crown blockade

2019-nCoV Special
Source: bbc.com
[International News]     01 Aug 2020
amazon CEO bezos (JeffBezos) testified to parliament via remote video. COVID-19 new coronal virus crisis may be triggering worldwide economic turmoil, But many international technology giants are booming in the epidemic. From April to June, Amazon's sales soared 40%, Apple's iphone and other hardware purchases have also risen sharply.
Amazon, Facebook and Apple are booming in the new crown blockade

amazon CEO bezos (Jeff Bezos) testified to parliament via remote video.

COVID-19 the new coronal virus crisis may be sparking economic unrest around the world, many international technology giants are booming.

Amazon's (Amazon) sales soared 40% in the three months from april to june, and apple's (Apple) iphone and other hardware purchases soared.

The number of users of Facebook (fb) platforms increased by 15 per cent, including WhatsApp and Instagram.

The two companies face rigorous scrutiny of their size and strength.

On wednesday (july 29th), at the hearings of the antitrust, commercial and administrative law subcommittee of the judicial committee of the us parliament house of representatives in Washington, councillor questioned whether they abused their dominance in the field to suppress their competitors, noting that the development destiny of the two companies contrasts sharply with that of many others.

The subcommittee's chairman, democrat parliament councillor xilin (David Cicilline), said the virus pandemic has spawned more online activity and that these companies may become more solid.

"These companies were the giants of the economic before the Coronavirus pandemic ," he said. However, after COVID-19 burst, they may become stronger. "

Analysts weren't surprised by the increase, but many companies did n' t know how much profit.

Amazon's quarterly profit was $5.2 billion, the company's highest since its inception in 1994. The company has also invested heavily in protective equipment and other anti-epidemic measures.

"In extreme cases, such quarterly gains are unusual ," said Charlie O'Shea O'Shea, vice president of Moody's (Moody's), referring to the surge in Amazon shares. "

How much does the Coronavirus epidemic bring to the e-commerce market?

Amazon, Facebook and Apple are booming in the new crown blockade

Amason said that online shopping orders increased rapidly, its logistics warehouse full.

In the three months leading up to June 30, Amazon's sales surged 40 percent to $88.9 billion over the same period last year, the strongest year-on-year growth in recent years. The company's profit rose to $5.2 billion from $2.6 billion in the same period in 2019.

The company's ability is strained by the large amount of online shopping. Amazon employs about 175,000 people this quarter and is trying to expand its warehouse space, which is expected to continue to grow.

"We don't have room to expand ," Amazon's chief financial officer, Brian Olsavsky, said on a conference call with analysts. "

Meanwhile, apple said quarterly revenue rose 11% to $59.7 billion from a year earlier.

The shift from traditional office, learning to distance drives public demand for new devices, such as mac and ipad,, both of which have achieved double-digit growth. Profit reached $11.25 billion, up from $10 billion in the same period last year.

Apple said the low-price iPhone SE released in april helped boost sales and put the electronics giant in a better position, despite the impact of the new crown virus crisis on finance.

Amazon, Facebook and Apple are booming in the new crown blockade

Google、 Apple, fb and Amazon are known as the GAFA". of the Big Fou

"The past few months have been important for individuals and home users to have better-quality equipment, connections and services ," said Pescatore (Paolo Pescatore), PP Foresight technical analyst. "Apple broke the record easily. "

As small businesses continued to advertise Facebook, the company's revenue rose 11 percent. lower than other quarters, but still better than analysts expected. The company's profit for the quarter was close to $5.2 billion.

Hargreaves Lansdown's stock analyst, Lun Yates (Sophie Lund-Yates), said the surge in users helped revitalize the company and make it attractive to advertisers.

In June, the company said, the number of active users of social media platforms and mobile phone programs averaged 2.4 billion, up 15 percent from a year earlier. This includes nearly 1.79 billion daily active users on Facebook, up 12 percent from a year earlier.

As the blockade eased, Facebook said it "saw signs of user growth and normalization of engagement" and warned that those numbers might flat or fall in the coming months.

Lun-Yates said the company remains vulnerable to social and political pressures that could soon shut users out again.

"It's not the first time Facebook has encountered regulatory or social barriers ," she said. "

Amazon, Facebook and Apple are booming in the new crown blockade

Google's offices in the New York port authority building were boarded up in june to prevent looting during the riots.

Google and video website's parent company are Alphabet the weakest of the four. The search giant said its revenue was $38.3 billion, down 2% from a year earlier, as companies cut advertising spending.

This is the first quarterly decline in revenue for the search giant since google became a public company in 2004. Profit was about $7 billion, down about 30% from the same period last year. But even the fall did not upset analysts, who had expected losses.

"We expect April to be a low point in the digital advertising market, and growth will resume in May and June ," said eMarketer chief analyst Perrin (Nicole Perrin), which shows that growth is accelerating stronger than expected. "

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