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I don’t care COVID-19

Dr Vijay Sangam, 11:09, 01 Aug 2020

As the following chart shows, Amazon grew its revenue by more than 30 percent year-over-year in the first six months of 2020, with a record quarterly profit in Q2 as the icing on the cake. While Amazon’s success during the pandemic seems logical, considering that many people switched to online shopping during lockdown, the relative immunity against the crisis shown by Apple, Google and Facebook is more of a surprise. After all, the latter two rely heavily on advertising spending, which dipped noticeably in the past months, while Apple sells high-priced consumer goods, a business that doesn’t seem tailormade for periods of mass unemployment and economic uncertainty.


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