Profits for America’s tech firms continue to soar and there are few signs they will face tougher rules
If anyone needed convincing that the pandemic would turbo-charge sales at America’s largest tech firms and send profits soaring, this week’s quarterly results defied the doubters.
Apple, Microsoft and Google owner Alphabet have reported profits for the most recent three-month period of such stratospheric proportions they put the banks, entertainment firms and healthcare businesses in the shade. Facebook and Amazon are poised to report their own stellar performances before the weekend.