Tech giants Apple and Amazon have had the best profits of the last quarter century. Amazon on Thursday recorded the biggest profit in its 26-year history as online sales soared as the corona virus spread. Shares of Amazon, the world's largest online retailer, have risen 5 percent since then. Revenues rose 40 percent to 88.9 billion dollars.
All major products offered by Apple have reported revenue increases over the past year. Despite the global recession and other setbacks, technology giant Apple also reported first-quarter revenue growth. Apple achieved 59.7 billion dollars in revenue and growth in products and services. The company has achieved 11% growth over the previous year. Market observers point to Apple as having more growth than Aramco.
Facebook, the world's largest social network, grew its revenue by 11 percent in the last quarter. Following this, Facebook shares rose 7%. Although this is the slowest growth ever, it has managed to achieve three per cent more than the forecasts of experts. In the second quarter, Facebook's ad sales rose 10 percent to 18.3 billion dollars. The number of monthly active users has risen to 2.7 billion.
While not a groundbreaking contribution to the genre, Amazon and Apple impresses with their straightforward tough-guy style. Experts believe that even better numbers would have been profitable had it not been for the Facebook ad cancellation campaign.
Google Maps and the Google search bar are probably the most used in recent times. Google's figures are also cited in this way. Alphabet, the parent company, said on Thursday that Google had regained sales of advertising after the company's non - profit fell in March during the Covid epidemic. In the second quarter, revenue fell by only two per cent. This is where experts say there will be a four per cent drop.