SILICON VALLEY: Apple and Facebook delivered blockbuster profits on Wednesday (Thursday in Manila) in the latest sign of Big Tech’s strength as the sector faces scrutiny for its growing dominance during the pandemic. The two Silicon Valley giants reported profits that essentially doubled, with Apple earning more than $23.6 billion and Facebook some $9.5 billion in the first three months of the year. The latest results are likely to prompt more attention for the giant tech firms, which have been able to deliver needed goods and services to locked-down consumers. Facebook, Google, Amazon and Apple are among tech titans that have thrived as the pandemic accelerated a shift to working, learning, shopping and socializing online. The number of people using the leading social network monthly climbed 10 percent to 2.85 billion, according to the Silicon Valley giant.

Source: Manila Times April 29, 2021 16:17 UTC