Tech Unveiled

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Amazon, Apple, Google And Facebook Report Groundbreaking Sales Despite Tech Backlash

By on October 30, 2020

Amazon, Apple, Google And Facebook Report Groundbreaking Sales Despite Tech Backlash

The corona pandemic has made it tough for companies to survive and tech giants such as Amazon, Apple, Google and Facebook hold no exception. There is a lot going on, on many fronts and most of it is not pretty. High competition and fierce demand and supply constraints have already made it hard for companies to survive. However, despite big tech backlash, tech giants such as Amazon, Apple, Google and Facebook have reported groundbreaking sales.

Some of the most commonly reported issues that Facebook, Google, Apple and Amazon have been dealing with are anti trust issues, tongue lashing and fierce competition, amongst the corona pandemic already. However, these four companies that make up a large portion of the tech world have still performed really well. This is something worthy of appraise and acknowledgement.

While Alphabet Inc. Google dealt with anti-trust charges, users boycotted Facebook and increased probe of Apple Inc. On the other hand, Amazon dealt with government regulators and news media, on the whole, really challenged all four of these companies. Other problems include regulatory scrutiny and congressional tongue lashing.

All of this proved to be secondary though when Big Tech giants reported ground breaking sales. On the stock exchange, Apple (AAPL) was 3.70% higher, Amazon (AMZN) was 1.52% higher, Facebook (FB) was +4.91 higher and Alphabet GOOGL was 3.05% higher and GOOG was 3.33% higher. Moreover, their reported record quarterly revenue was also higher.

Profit And Revenue

The total revenue for these four giants was $5.3 trillion. It valued at $220.28 billion last quarter. Furthermore, Amazon, Google and Facebook, all three reported double digit revenue growth except for Apple, which only produced best September quarter sales in its history, whereas all three had best quarterly total revenues.

The performance of all these four giants is better than the last quarter, when they reported a total revenue of $200 billion and profit of $29 billion.

All four companies performed well. However, the only problem was a jitteriness in few areas which led to a slide recline in revenue. Otherwise, revenues would’ve been higher. Some of these problems included a jittery outlook for Facebook, lack of forecast at Apple, Google shares declining during late trading and finally, Apple’s projection of outsize spending on important Covid-19 issues.

What’s Ahead

Things will be meek and bleak in the time to come. Costs will be higher in the holiday season. Amazon believes it will see a hike in productivity with added safety features for its employees, longer breaks for them and revised social distancing practices.

Facebook, on the other hand, will be under jeopardy, for times ahead will be tricky. Their CEO is already talking about fears of a social unrest after the U.S election. Facebook shares may rise but due to privacy concerns and tough times ahead, Facebook will have to be very cautious about its spending so it can gain back from revenues.

Moreover, Apple, which saw a 28.8% decline in revenue in China, didn’t have it easy but still performed in the corona pandemic. There is a lot coming up for Apple ahead and its new iPhones may add to its glory. The new phones are different in many/most capacities and their CEO is optimistic about a positive future ahead. He added that he is bullish on this cycle but hopes for a better run in the next.

Finally, for Alphabet’s Google, their search business returned to strength in its online ads and YouTube. Most people connected through social media during the pandemic and therefore, companies such as Google benefited. There are tough times ahead but all four companies are hopeful.

Stay tuned for more updates at Tech Unveiled.

Alphabet Reports Earnings Today: Here’s What To Expect

By on July 30, 2020

Alphabet Reports Earnings Today: Here’s What To Expect

Tech giant Alphabet is due to report its earnings today. Here is what investors can expect.

After market’s close today, Alphabet Inc. is going to unravel its earnings.

First:

GOOGL (Google Class A Shares) hit a record high of $1587.05 a share in 2020. It is currently trading at a value close to $1517 per share.

It is expected that the stock will make big moves after reporting earnings and it can easily cover the gap if the numbers are strong.

However, if their Q2 earnings disappoint, the stock will gap down.

Alphabet: Tech Unveiled

Street Expectations For Alphabet Q2 Earnings

It is reported that Alphabet will report a value of $8.43 a share on a value of $30.38 billion in revenue.

Few important concerns regarding Alphabet’s performance include the following:

  1. The market was affected by the corona pandemic in the last couple of months. Especially during March to April, the corona pandemic hit the markets adversely and major stocks suffered.
  2. Alphabet provides online advertising services in the U.S., Europe, Asia Pacific, Canada and Latin America. Ads have been a little slow these past few months because of stringent online policing and control. Therefore, companies such as Alphabet suffered.
  3. Google has a large fleet of products to offer. However, online business activity has suffered greatly in the past few months which has led to a slowdown in business and Alphabet holds no exceptional value.

The focus this time by Alphabet Inc. is on Cloud and Streaming services.

Alphabet’s YouTube and Cloud Services

Since most people worked from home in the last six to seven months, GOOGL’s YouTube and Cloud services provided access to the outside world. It was essentially what everyone needed for work and play (two of Google’s services YouTube and Cloud).

While overall usage dropped during the lockdown of Google products, classroom, YouTube, Android apps showed a lower activity. Overall though, Google was ‘in the works’ because of its YouTube and Cloud app.

Further news by Benzinga revealed that Google’s cloud platform outpaced other cloud based services.

In Q1, GOOGL’s cloud division posted a revenue of $2.78 billion, higher than 52% YOY.

Furthermore, Alphabet Google Cloud Platform infrastructure was higher than all units in the company’s cloud segment.

Essentially, Google Classroom (the cloud based service we are talking about) double its usage during early March. Last quarter, they ended with 100 million students/teachers.

While Covid concerns will be in full fruit in fall semester, it will be nice to see what Q2 figures reveal.

Furthermore, combined with virtual learning, there was a demand for laptops too.

To Conclude

Chromebook sales were 400% higher (YOY in March). In the case of virtual meetings, Google Meet wasn’t the top name in the Zoom Video Communications by coolness but it did see an increase of up to 100 million users in Q1. This is an indication of its performance in Q2. (Something you can eye on in Q2 for Google’s performance and results).

Google, just like Facebook today, has a lot of competition. The company is trading at $1,523.51 at the stock exchange.

Starting at $1,454.25, down at $1,054.13 and rising to $1,523.51 today, Alphabet Inc Class A (NASDAQ:GOOGL) will, according to tech unveiled, remain above sub and par value but beat analyst expectation by 10-15% per share.

Stay tuned for more updates at Tech Unveiled.