How Technology Contributed for Impressive revenue during Covid
The world has been going through a tough time because of the covid pandemic and it has affected us badly in many areas. Most of us are affected directly or indirectly in financial health and it has even lead to employment reduction. Its been almost one and half years and still, there is no certainty of the end of this problem but it seems like this problem has brought an opportunity for tech companies. We will agree that during this pandemic and in the last 1 year period technology has grown significantly. Its because a lot of things are have moved to digital platforms that resulted in increased demand for electronic devices and gadgets etc.
Schools adopted online learning that's why the demand for laptops/tablets or smartphones has increased. There is no other wy than buying a phone or tables if one needs to attend online classes and even more, people have purchased a high-speed smartphone since the use of the internet has also increased.
Apple's profits nearly doubled to $21.7bn (£15.6bn) in the three months to 30 June as customers bought pricier 5G iPhones. Microsoft saw a $16.5bn profit at the same time - up 47% year-on-year, due to demand for cloud services and games.
Analysts warned that the figures may lead to calls for tech company curbs. Google's parent company, Alphabet, also reported on Tuesday that quarterly sales and profits had surged to record highs.
Even in my office earlier 1 pc was shared by 2 employees through different shifts but now its not possible since all of them are working from home and each employee has got a dedicated desktop at home. This is convenient for employees but an increased costing for companies to buy more systems and that is something that helped these big tech giants to gain more revenue.
There is no digital or virtual if we don't have smart devices or pc so directly or indirectly its revenue generation for tech companies and this increased revenue and profit are clearly showing this. Technology is evolving and expanding its reach and its good since it helps us have a better life that can get things done in less time and is cost-effective as well so there is no hard in adopting the new culture. Not for everyone but these companies can certainly say that this is an opportunity for them to get more users and growing revenue.
I myself upgraded my phone since having the latest phone that supports high-speed net access makes things better and I can many activities of my work on the go.
What about you! How this pandemic made you buy something to have better access to technology?
Thank you so much.