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Big tech companies show resilience to Covid-19 pandemic, politics

Combined sale leapt 18% YoY, 4% higher than expected

apple, google, facebook, amazon
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pple fell 5.22 per cent in intraday trade as of 9 pm (IST). Alphabet was up 3.93 per cent as of 9 pm

Bloomberg New York
The world’s largest tech companies notched a blowout third quarter on Thursday, aided by a pandemic that spurred demand for smartphones, e-commerce and cloud computing for at-home workers. Less upbeat was the outlook for the rest of the year.
 
In a closely watched measure of how four of the five biggest companies in the world are faring, Facebook, Amazon.com, Apple and Alphabet shrugged off fears over regulatory scrutiny and a frothing tech bubble to post earnings for the September quarter that beat projections.
 
Apple fell 5.22 per cent in intraday trade as of 9 pm (IST). Alphabet was

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First Published: Oct 30 2020 | 11:03 PM IST

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