It would be wrong to say that the American technological giants are protected from shocks of the global economy. But with the exception of Meta, they put up good resistance. When these groups released their quarterly results, markets were relieved to see that Microsoft, Google, Apple or Amazon continued to perform well in their core businesses: the cloud, search engine advertising or iPhone sales. Microsoft even goes so far as to predict bold double-digit growth for the current fiscal year. Gaffams, however, have to deal with crossover difficulties; consumers and advertisers who are more careful with their spending, a sharp rise in the dollar that is reducing international revenues and some return to normal after an explosion in digital usage. Covid-19 epidemic.
Amazon illustrates these contrasts with a 5% drop in online sales to $51 billion…
Source: Le Figaro
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.