Amazon, Google, Apple and Microsoft all reported record-breaking profits amid a pandemic bonanza but recent Biden administration moves suggest US tech’s easy ride is over
Big tech provided the world with some startling numbers this week. In the last three months Amazon’s sales have averaged over $1.2bn a day. It took the company less than four seconds to earn the $52,000 the average American makes in a year. Apple is now sitting on nearly $200bn in cash, more than this year’s expected sales of Covid 19 vaccines.
The coronavirus shook the world economy to its core but for the US tech giants it has proven a bonanza of historic proportions.