Apple and Google reported higher profits on Tuesday. But the good news was overshadowed by the COVID-19 Delta mutation, which is spreading around the world, threatening to prolong the effects of the pandemic.
"As the last 18 months have shown, the progress that has been made is not guaranteed. "The recovery from the pandemic is not stable and the delta variation in many countries around the world has shown us once again that the road to recovery will be winding," said Apple CEO. Tim Cook in a teleconference on Tuesday.
In many ways, the pandemic has benefited the big tech companies, as home-locked people have accelerated demand for digital services and consumer electronics to help them stay connected, busy and have fun in the middle of a lockdown.
While the pandemic had little effect on Apple sales last year and the drop in ads affected Google revenue, the quarter was "huge" for both companies. Apple earned $ 81 billion in the quarter, more than any financial second quarter in the company's history, thanks to increased iPhone sales and services, which includes Apple streaming and cloud storage. Google earned $ 62 billion, up 62% from the same quarter last year.
However, company executives warned that things were not in order. "We believe it is still too early to predict long-term trend as markets reopen, especially given recent increase "COVID-19 cases worldwide," Ruth Porat, Google's chief financial officer, told a news conference on Tuesday.
Apple Corps told analysts that it could not provide revenue guidance due to "continuing uncertainty around the world," as Apple CEO Luca Maestri put it.
Source of information: msn.com