biggest five companies US technology companies Alphabet, Amazon, Apple, Meta and Microsoft earned a total of $94 billion in the last quarter it reflected his continued growth and, in some cases, was the culmination of a magnificent work.
Accounts released by the ‘Big Five’ this week generally beat analysts’ expectations, making their shares attractive again as a result of a new era of prosperity driven in part by advances in Artificial Intelligence (AI). The ‘explosion’ of the pandemic has subsided.
In the last quarter, manzana Stands out above others with a profit of 33.916 million 13% more in dollars, followed by Microsoft (21.87 billion, 33% more); Target (14.017 million, three times); Alphabet (13,624 million, 52% more) and Amazon (10,624 million, 30 times more).
Apple, which relied on the popularity of the iPhone but was limping in China, became the first company to reach $3 trillion in capital; This was a milestone that Microsoft also achieved last week. Underlining the power that artificial intelligence gives to these companies people who appear mature and are now leading a revolution. While Microsoft Chief Executive Satya Nadella, who triumphed with an investment deal with OpenAI, creator of the productive chatbot ChatGPT, attributes the strong results to the integration of artificial intelligence into its operations, his rivals have repeated similar messages these days.
Another common point in the history of these companies is smart cloud app: Amazon Web Services, the e-commerce giant’s third-largest segment, has the largest market share, but others, especially Microsoft Azure and Google Cloud, are also gaining ground.
Upwards, despite the shadows
Only three tech companies closed fiscal year 2023 because not all of them followed the natural calendar, but some did it in style: Amazon rebounds from 2022 losses and pockets 30.425 millionWith the impact of Christmas sales, net sales increased by 12% to 574.785 million.
At the front, two companies that bet on advertising revenue were crowned: Google’s parent company Alphabet, which has a revenue of 23% more, 73.795 million in 2023, and a turnover of 9% more, 307.394 million; and Meta, which had revenues of 39,098 million, 68% more, and billed 134,902 million, 16% more, during the year.
However, it should not be forgotten that throughout 2023, these companies mass layoffs This has devastated the tech sector: Amazon, for example, laid off nearly 27,000 workers in the first half, and “productivity” cuts continue, likely driven by new automation.
The ‘Big Five’ have continued to grow despite economic uncertainty and scrutiny from authorities on both sides of the pond for a variety of reasons: in some cases, the protection of minors and respect for privacy in social networks; in others for the management of hate speech; and finally due to the abuse of free competition in the artificial intelligence market.
On the same Wednesday, Meta’s chief executive, Mark Zuckerberg, was subjected to a harsh interrogation by the US Congress, which led him to apologize to the parents of children who were harmed by his social networks, victims of sexual abuse or the sale of illegal drugs. . In this sense, it is worth noting the following. Reality Labs division continues to post losses As Meta, which develops virtual worlds of its database and devices, revealed last year, the company planned to rely on young users to grow.