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DATE | 2021-05-01 |
FROM | Ruben Safir
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SUBJECT | Subject: [Hangout - NYLXS] COVID-19,
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From hangout-bounces-at-nylxs.com Sat May 1 23:44:01 2021 Return-Path: X-Original-To: archive-at-mrbrklyn.com Delivered-To: archive-at-mrbrklyn.com Received: from www2.mrbrklyn.com (www2.mrbrklyn.com [96.57.23.82]) by mrbrklyn.com (Postfix) with ESMTP id 89EE7163FCF; Sat, 1 May 2021 23:44:00 -0400 (EDT) X-Original-To: hangout-at-nylxs.com Delivered-To: hangout-at-nylxs.com Received: from [10.0.0.62] (www.mrbrklyn.com [96.57.23.83]) by mrbrklyn.com (Postfix) with ESMTP id 048F2163FBB; Sat, 1 May 2021 23:43:38 -0400 (EDT) To: "Wuhan(COVID)-19 Discussion and Medical Professionals" , Hangout From: Ruben Safir Message-ID: <2602eb78-afa9-4073-95b3-e423dae9b73b-at-mrbrklyn.com> Date: Sat, 1 May 2021 09:09:28 -0400 User-Agent: Mozilla/5.0 (X11; Linux x86_64; rv:78.0) Gecko/20100101 Thunderbird/78.10.0 MIME-Version: 1.0 Content-Language: en-US Subject: [Hangout - NYLXS] COVID-19, The Digital Police State and the anti-trust. X-BeenThere: hangout-at-nylxs.com X-Mailman-Version: 2.1.30rc1 Precedence: list List-Id: NYLXS Tech Talk and Politics List-Unsubscribe: , List-Archive: List-Post: List-Help: List-Subscribe: , Content-Type: text/plain; charset="windows-1252" Content-Transfer-Encoding: quoted-printable Errors-To: hangout-bounces-at-nylxs.com Sender: "Hangout"
wsj.com Five Tech Giants Just Keep Growing The staff of The Wall Street Journal 4-6 minutes
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If the pandemic had never happened, the tech industry=92s clout likely would have risen over the past year. But the economic effects of Covid-19 have catapulted the tech titans to heights few might have imagined possible a year ago.
The past week of quarterly financial results from Apple Inc., AAPL -1.51% Microsoft Corp. MSFT -0.13% , Amazon.com Inc., AMZN -0.11% Facebook Inc., FB -1.34% and Google-parent Alphabet Inc. put that dominance on vivid display. Each of these companies=97already juggernauts pre-pandemic=97recorded revenue growth near or above its fastest pace in years.
The quintet set records for sales and profits. Revenue at Apple, the world=92s most highly valued company, jumped 54% to the highest level it=92s ever hit for the first three months of the year. Amazon logged its fourth straight record quarterly profit=97a stretch when its total earnings exceeded those of the previous three years combined.
=93Over a year into the pandemic, digital adoption curves aren=92t slowing down. They=92re accelerating,=94 said Satya Nadella, chief executive of Microsoft, whose revenue rose 19% in the latest quarter.
The stock market gives a glimpse of just how enormous these companies have become in this extraordinary period: Combined market value for the five Big Tech companies is now over $8 trillion, accounting for nearly a quarter of the total value of the companies in the S&P 500. That is nearly double the percentage five years ago.
Here=92s a closer look at the big five, by the numbers: Apple
>From January to March, Apple sold $47 billion in iPhones. That was a 66% jump from a year earlier, thanks to new models with next-generation 5G technology. Consumers spent more on the premium iPhones, too, with the average retail price in the U.S. up $52 from a year earlier to $847, according to data from Consumer Intelligence Research Partners LLC. Microsoft
Microsoft=92s workplace-collaboration tool, Teams, now has 145 million daily active users.
That=92s almost double the year-ago figure, and up from around 20 million in November 2019. Mr. Nadella has said the pandemic accelerated adoption of a range of digital tools, benefiting its operations from business software to cloud-computing to videogames. Amazon
The e-commerce giant now has 950,000 U.S. employees, compared with 500,000 about a year ago.
The company hired at a brisk pace to meet pandemic-induced demand for essential goods and shorten delivery times. Amazon is now the country=92s second-largest non-government employer after Walmart Inc., and it said this past week it is hiring for tens of thousands of positions across the country. Alphabet
Advertising revenue grew 49% in the latest quarter at YouTube, the video arm of Google.
YouTube became the nation=92s entertainment hub during a stay-at-home year, attracting so many viewers that its ad sales hit $6 billion in the quarter, just 16% less than Netflix Inc. generated for the period. Google squeezed more money out of brands with new ad formats that enable direct purchases within YouTube during commercials. Facebook
Facebook, Instagram, Messenger or WhatsApp were used at least once by 3.45 billion people within the last month.
That=92s up nearly a sixth from the 2.99 billion figure a year earlier. As people stuck at home lived more of their lives online and sought out more information and interaction, the company=92s seemingly ubiquitous reach grew even further.
Appeared in the May 1, 2021, print edition as 'In Tech, There=92s Regular-Big And There=92s Pandemic-Big.'
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