22:20 28/07/2021
At a time when many companies in the world are facing a severe economic crisis due to Covid, it seems that the pandemic has been in favor of companies that produce technological equipment.
giants of the production of technological equipment have reported profits for the last year, as citizens have increased purchases during the months that were isolated due to Covid-19.
Apple has stated that the company's profits almost doubled to 21.7 billion dollars in the second quarter of 2021, but even in the past three months there has been growth again.
On the other hand, Microsoft said it has added profits up to 16.5 billion dollars, with an increase of 47% more than the beginning of last year, then citizens have bought more devices and games.
Even Google is on an upward trend in terms of profits reaching record numbers. "We are proud that our services have helped so many consumers and businesses," said the internet search giant's chief executive, Sundar Pichai.
Increased profits for the tech giants is seen by analysts as a negative as it could hold back other companies.
In this regard, a short while ago the US President, Joe Biden, signed an executive order, in an effort to promote more competition./tvklan.al
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