Amazon, Facebook, Apple and Google Mutter Alphabet outperformed analysts last quarter. This is evident from the financial results that the four technology giants announced Thursday night through Friday. A sweet revenge for the four CEOs who had been seriously put on the grid by the United States Congress the day before.
APPLE in May-June sales increased by 11 percent. The company not only sold more iPhones, but also saw significant growth in the Mac computing industry in a quarter in which many people worked from home. Sales of iPads, services (iTunes, Apple Music) and the collection category, including the Apple Watch and wireless earplugs, also increased. Revenue exceeded $ 59.7 billion, a profit of $ 11.3 billion – much higher than analysts expected.
FACEBOOK Global locks increased the number of daily active and monthly active users by 12 percent over the previous year. Ads revenue, Facebook’s main source of revenue, grew 10 percent, bringing total revenue from $ 16.6 billion in the previous year to $ 18.3 billion. The result – $ 5.2 billion – doubled year-on-year.
AMAZON benefited significantly from the growth of online shopping during the closings in the second quarter, when consumers flocked to avoid physical shops or simply couldn’t find them. Quarterly sales increased 40 percent year-over-year to nearly $ 89 billion, while net income doubled to $ 5.2 billion.
ALPHABETThe company through Google was the only company in the quartet whose quarterly sales fell from $ 38.9 billion to $ 38.3 billion. Better than expected by analysts. Net income, at just under $ 7 billion, was significantly lower than the previous year’s $ 9.9 billion. Declining advertising revenue was only partially offset by rising cloud and YouTube revenue.