简体中文
Both Apple and Facebook deliver stunning gains in profits and revenues in Q4, 2020. /VCG
Apple and Facebook on Wednesday delivered stunning gains in profits and revenues over the past quarter, in the latest sign that Big Tech is delivering for pandemic-hit consumers around the world.
Blowout quarterly updates from the two Silicon Valley giants highlighted how consumers increasingly relied on social media, digital services and gadgetry as they hunkered down for the global health crisis.
Apple said profit in the holiday period rose 29 percent from a year ago to $28.7 billion, while revenues grew 21 percent to $111.4 billion, with international sales accounting for nearly two-thirds of sales.
Sales topped the $100 billion mark for the first time as Apple won over pandemic-hit consumers with new gadgets and services, reporting solid gains in sales of iPhones, wearables and digital content.
"We're gratified by the enthusiastic customer response to the unmatched line of cutting-edge products that we delivered across a historic holiday season," chief executive Tim Cook said.
The news was similar at Facebook, which saw its global user base increase in a world roiled by the coronavirus outbreak.
Facebook reported profit of $11.2 billion on revenue of $28 billion, increases of 53 percent and 33 percent when compared with the same period the prior year.
"We had a strong end to the year as people and businesses continued to use our services during these challenging times," said Facebook Chief Executive Mark Zuckerberg.
Source(s): AFP
