Skip to content

Techs And Games

Smart Technology, Gaming, and Gadgets – Your Every Query Answered!

Primary Menu
  • Home
  • Gaming
    • Gaming Accessories
    • Gaming News
    • Reviews
    • Techsngames Awards
  • Smart Tech
    • Artificial Intelligence
    • Machine & Deep Learning
    • Smart Home
    • Safe & Smart Cities
  • New Tech
    • Tech News
    • Start Ups
    • Green Technology
    • VR & AR
    • 5G Technology
    • Software And Tech
    • Space Exploration
    • Future Tech
    • Social Media
  • Gadget Reviews
    • Laptops & Desktops
    • Health and Fitness
    • Smartphones
    • Consoles
    • Smart Gadgets
    • Headphones & Gears
  • Write For Us
  • Contact Us
  • About Us
  • Privacy Policy
  • Terms and Condition
  • Home
  • New Tech
  • Tech Giants Apple, Facebook, Google are Ever Booming In 2020
  • New Tech
  • Social Media
  • Tech News

Tech Giants Apple, Facebook, Google are Ever Booming In 2020

America's tech giants Apple, Facebook, and Google are booming amidst the ongoing pandemic. Their released profit figures shows a pattern of steady growth
Techsngames Editorial Staff November 1, 2020
8
Tech Giants

America’s tech giants Apple, Facebook, and Google are booming amidst the ongoing pandemic. Their released profit figures show a pattern of steady growth with barely any signs of slowing down. Most people would expect business to slow down as more people brave the recession brought about by coronavirus. While some markets crashed, the tech business is definitely going up.

Covid Surge Is Fading From Social Media

Tech giants are booming
Tech giants Apple, Facebook, Google are booming

Facebook remains to be the leading social media platform globally. The company owns other tech giants like WhatsApp and Instagram. Their recent reports show a boost in their average daily users on all of their platforms. The report shows 2.5 billion users daily. The number of users is still increasing on a daily basis. This figure is actually a fifteen percent jump from last year.

As people got stuck at home, an increasing number resorted to social media to entertain themselves and to stay connected with the rest of the world. Social media connects friends and family while social gatherings are still discouraged.

Even Twitter reported a similar trend in their reports. They have recorded 187 million active users for the past three months. This number is one million users higher versus the previous year.

Apple Is Even Expecting Bigger Sales

Tech giants are ever growing in 2020 amidst pandemic
Tech giants Apple, Facebook, Google are booming

Apple’s sales just hit $64.7 billion and that is higher than a year ago. More consumers bought laptops and iPads in order to keep themselves entertained at home. However, the iPhone sales plummeted by thirty percent in the Greater China area. Apple representatives say that that’s only because people are holding off buying iPhones while waiting for the recent release.

See also  New CO2 Battery Might Be The Future Of Renewable Energy Storage

Chief Executive Tim Cook said that they’re expecting even bigger sales as they release their latest iPhone line. The iPhone 12 line features the first-ever 5G-enabled units that aim to provide faster and better internet service to its users. Their product introduction period did show promising results as everyone is abuzz with anticipation for their latest drops.

Advertising Is Still Booming

The pandemic shut down numerous businesses and caused some to limit their advertising spending. There was an initial decline in ad sales. However, they skyrocketed recently, especially on platforms like Google and Youtube.

More companies are spending on ads to generate more screen time as people increase their time spent online. Google reports a fourteen-percent increase in ad sales. This figure was actually better than what analysts expected and predicted. That helped attain the whopping fifty-nine-percent jump in revenue, totaling eleven billion.

Effects Of Tech Dominance

A discussion that focuses on sales, profits, and revenues is not automatically good news. This overlooks the respective controversies that tech giants have and it just calls for tougher regulation in traction in the United States. Some of these booming businesses were completely unexpected in line with the evolving landscape. Financial success also turns them into a target for complaints. Tech dominance always comes hand in hand with antitrust controls, urging the rivals to push for stronger regulation.

Still have questions, or want to know more about the latest tech news? Contact us at techsngames.com today!

Articles you may like:

New Super Enzyme Breaks Down Plastic At A Much Faster Rate
Chinese Tianwen 1 Mission Marks Historic Mars Rover Landing
Space Exploration And Terraforming: Could Terraforming Be The Key To Saving Earth?
Deep Learning: How It Works And What It Really Is
7 Best Websites For Generating Harry Potter Fonts
Tags: apple facebook google tech giants

Continue Reading

Previous: Tesla Increased The Price Of The FSD Option To $10,000
Next: Should Robots Have Rights? A Comprehensive Dive Into The Future

Related Stories

Carbon Emissions From New Cars Record An All-Time Low In UK Carbon Emissions
  • Future Tech

Carbon Emissions From New Cars Record An All-Time Low In UK

February 9, 2022
Nuclear Propulsion Could Soon Help Military Satellites Avoid Danger nuclear propulsion
  • Future Tech

Nuclear Propulsion Could Soon Help Military Satellites Avoid Danger

February 9, 2022
Seriously, What Does The Metaverse Mean, Anyway? metaverse
  • Artificial Intelligence

Seriously, What Does The Metaverse Mean, Anyway?

February 7, 2022

You may have missed

Among Us Impostor Edition Among Us Impostor Edition
  • Gaming

Among Us Impostor Edition

July 4, 2022
Most Expensive Gaming Setup Most Expensive Gaming Setup
  • Gaming

Most Expensive Gaming Setup

July 4, 2022
Final Fantasy Ice Cave Map Final Fantasy Ice Cave
  • Gaming

Final Fantasy Ice Cave Map

July 4, 2022
How To Get Mounts In Trove? How To Get Mounts In Trove?
  • How-Tos

How To Get Mounts In Trove?

July 1, 2022
  • About Us
  • Terms and Condition
  • Write For Us
  • Contact Us
  • Privacy Policy
Copyright © All rights reserved. | MoreNews by AF themes.