Amid pandemic US tech giants are accelerating growth

Published: 03.11.2020 Related countries:  U.S.A. U.S.A.

Amid pandemic US tech giants are accelerating growth

Triple net profit, record sales of services and computers, double-digit growth in the required foundations and return on investment in advertising. Amazon, Apple, Facebook and Alphabet, which has Google's parent company, are among the most valuable companies in the world, and the last quarter confirmed that they are growing even faster during the pandemic. Amazon clearly benefits from closed stores not only in the United States. Amazon grew in the previous quarter. At that time, double year-on-year growth was the largest gain in history. Facebook also managed to maintain double-digit growth. Revenue rose 14 percent year-over-year to $ 46.2 billion in Alphabet's third fiscal quarter, with Google and YouTube advertising accounting for the largest share. As part of its financial results for its fourth fiscal quarter, Apple also announced several records, but overall did not grow as fast as its technology competitors.

Source: https://www.czechcrunch.cz/2020/10/technologicti-obri-prozili-masivni-kvartaly-amazon-ztrojnasobil-zisk-a-na-vlne-jedou-i-facebook-google-a-apple/

Prepared by the team of foreign office CzechTrade San Francisco