“Big Four” tech giants Q3 earnings
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The combined revenue of the “Big Four” tech companies came in at $228.24 billion last quarter, but has done little to please investors
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Amazon revenue: $96.15bn Pandemic- fuelled buying leads to greater sales, but increased costs – up $2.5bn
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Apple revenue: $64.70bn Shares fell on news that iPhone sales in China have slumped by 29% in third quarter
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Alphabet revenue: $46.17bn Shares up only 16% in 2020, compared to average of 56% for other three tech giants
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Facebook revenue: $21.22bn Strong growth in Q3, but firm is cautious of impending regulatory hurdles
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Q3 Q2 2020 Q1 Q4 Q3 Q2 2019 Q1 Q4 Q3 Q2 2018 Q1 Q4 Q3 Q2 2017 Q1 Q4 Q3 Q2 2016 Q1 Q4 Q3 Q2 2015 Q1

$0bn 50 100 150 200 250

Total: $228.24
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                                                                                           Source: Wall Street Journal
Note: Calendar Q3 is Q4 in Apple’s fiscal year
Picture: Daria Shevtsova (Pexels)
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