They were the great beneficiaries of the year of the pandemic and, judging by the results they have presented this week, they continue to be so in what has been called ‘the year of recovery’. Big Tech – Google, Facebook, Apple, Amazon and Microsoft– they continue to swell their accounts quarter after quarter … to the point where their joint income, in just three months, exceeds the amount of European funds that will arrive in our country in the next three years.
Tim Cook’s company, which this week has radically changed the rules of the game in the digital advertising business after its latest software update, allowing users to decide whether or not they want to allow applications to track their data , has presented results in which all its business divisions have grown in double digits: especially the Mac sales, which increased by 70% in the interannual rate, to 9,102 million dollars, but also the iPhone (65% more); Wearables, home and accessories (25%) and other services (almost 26% more). Overall, the apple firm has doubled its profits in its second fiscal quarter, to $ 23.63 billion year-on-year, and its revenue has increased by 54%, to $ 89.6 billion.
Also Mark Zuckerberg’s company, which in addition to Facebook, includes Instagram and WhatsApp, has doubled its profits in the first quarter of the year, to 9,407 million dollars, which represents a year-on-year growth of 94%. With 1,880 million daily active users around the world, the social network obtains the bulk of its income from advertising – which is why it is one of the main victims of Apple’s policy change – which has meant a turnover of 25,439 million in the first three months of the year, out of a total revenue of $ 26,171 million.
Google’s parent company, Alphabet, has been the one that has presented the best evolution of all the large technology companies, increasing its income by 162% in the interannual rate, to 17.93 billion dollars. Its turnover at the beginning of the year -55,314 million dollars- is supported especially in the growth of the turnover of YouTube (48% more in year-on-year rate), but also in the income of Google Cloud (45% more) until exceeding 4,000 million dollars, and also advertising revenue (+ 32%) to 31,879 million.
Jeff Bezos’ company continues to benefit from the pandemic, which has led him to shoot his net profit by 220% in the first quarter, to $ 8.1 billion, in addition, sales have registered a growth of 44% year-on-year, up to 108,500 million, driven by an increase in turnover both in the United States and in the rest of the world. All the company’s business areas contribute to this boost, especially the Amazon Web Services (AWS) division, cloud services, also increasing its revenues, 32% to 13,503 million; as well as the number of subscriptions to Amazon Prime, which now reaches 200 million, 50 million more than it had at the beginning of 2020.
The last of the big technology companies that this week has presented its balance sheet has been Microsoft, which has shown its highest growth since 2018 in these first three months of the year: its profits have increased by 44%, to 15,500 million dollars, and its sales, 19%, to 41,700 million dollars, supported especially by the growth of its cloud (33% more). A balance to which the increase in revenue from other divisions and products also contributes, such as Office (22% more), Linkedin (+ 25%), and Xbox (+ 34%).
In total, the revenues of the big five technology companies add up to $ 321,285 million, that is: in just the first quarter of the year, These five companies invoice practically double the European funds that Spain will receive in the next three years of the Next Generation EU -140,000 million euros-: specifically, its sales represent 1.9 times this aid, more than a third of the total money that the European Union will distribute among member countries.
Some data that is clearly reflected in the Forbes List of the richest people in the world because, of the ten largest fortunes in the world, half belong to names linked to these great technologies: it is headed by Jeff Bezos, the still CEO of Amazon While Bill Gates – founder of Microsoft is ranked number four; Mark Zuckerberg, president of Facebook, fifth place; and Larry Page and Sergey Brin, co-founders of Google, ranked eighth and ninth, respectively.