Business Standard

A trillion dollars is buying a lot of headaches for the technology sector

There was Intel, which topped all the forecasts and had $20 billion wiped from its value

Apple, iPhone, iPhone manufacturing, Apple Inc
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Photo: Reuters

Lu Wang | Bloomberg
To whom much is given, much is required. And for a technology sector on the verge of begetting two trillion-dollar companies in Amazon.com and Apple, the requirements are getting daunting.

Patience is wearing thin. Investors are asking too much. Just this week there was Facebook, a company that boosted quarterly revenue 42 per cent — and for its efforts suffered the worst battering in the history of US stocks.
 
There was Intel, which topped all the forecasts and had $20 billion wiped from its value. A few days earlier Netflix plunged even though its net income sextupled. Amazon barely held

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First Published: Jul 28 2018 | 10:25 PM IST

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