Quarter of the Tech firms to pay: Amazon is the winner in the Corona-crisis

submitted to the policy, now the investors: Only a day after a consultation with your Chairman before the us Congress have the technology companies Apple, Amazo

Quarter of the Tech firms to pay: Amazon is the winner in the Corona-crisis

submitted to the policy, now the investors: Only a day after a consultation with your Chairman before the us Congress have the technology companies Apple, Amazon, Facebook and the Alphabet in its quarterly reports. And perhaps the companies will be glad to know that occurs prior to the politicians lies behind them, because on Thursday after the market close, the Figures published were mostly better than expected, meaning that they were delivered, possibly additional ammunition in the discussion of their market dominance. Especially Amazon and Apple were far above expectations, and Facebook has given hope that the recent Boycott of advertisers will leave too deep scars.

Roland Lindner

economic correspondent in New York.

F. A. Z. Twitter

The Corona-crisis, which was recorded for the first Time in a full quarter, has made for some of the companies have a negative impact, but overall they are very robust. Their share prices recorded after trading hours mainly, and part of a clear Plus. They have risen since the beginning of the year, in spite of the Corona-crisis and move in the vicinity of all-time highs.

Apple announced on Thursday a stock split in a ratio of one to four. To make the stock according to the company "for a broader base of investors more accessible" – so cheaper. Apple's share cost on Thursday to the close of trading almost 385 dollars. In after-hours trading, the price rose temporarily to five percent.

Thus, Apple is far from the most expensive technology value on the stock exchange. An Amazon share costs more than $ 3,000. Apple has split its stock before, most recently in 2014 in the ratio of one to seven.

Amazon's earnings better than expected

in Front of all, Amazon has cut off in the past quarter, far better than expected and even the highest net profit in its history recognised. The three months ago, the forecast has proved to be much too careful out.

at the Time, CEO Jeff Bezos had said he expected additional cost of four billion dollars in connection with the pandemic, such as for the purchase of protective equipment for employees, and that could wipe out the entire operating profit in the second quarter. Instead, Amazon reported a profit from operations of $ 5.8 billion.

The company's net profit has doubled compared to the previous year and amounted to 5.2 billion dollars. The earnings per share came in at 10.30 to the Dollar, analysts had only expected 1.46 dollars. Sales jumped 40 percent, to 88.9 billion dollars, and was also far above expectations. In the first quarter, the growth had been 26 percent.

The pure e-Commerce sales grew even by 49 percent, while in stationary shops, including the grocery chain Whole Foods is part of, this time, a Minus of 13 percent. Amazon Web Services, the division for Cloud Computing continued to expand sales by 29 percent to 10.8 billion dollars, and accounted for more than half of the operating profit.

Updated Date: 31 July 2020, 17:20

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