Home Education From Apple to Microsoft, big tech results illuminate the breadth of the...

From Apple to Microsoft, big tech results illuminate the breadth of the economic turmoil

72
0

The world’s biggest technology companies have just experienced one of their wildest earnings periods in years, underscoring the extent of the economic downturn and how business conditions have deteriorated sharply in recent months.

Amazon.com posted a loss second quarter in a row on Thursday, same day Intel shocked investors with net losses in the second quarter when it suffered the biggest drop in quarterly revenue for more than ten years. Facebook Parent company Meta Platforms Inc. the day before she reported about her first ever quarterly sales declineand Microsoft at the beginning of the week revealed it the slowest income growth after two years.

Source link

Previous articleThe US will fill gaps in the border wall in an open area near Yuma, Arizona
Next articleDemocrats in the House of Representatives insist on the introduction of a minimum tax on the income of the billionaire Biden