The new year has just started, but we can already have a clue about what is really going on with some of the biggest tech companies in the world and what we can expect from them in 2020. Yesterday, some of the most-expected results started to be revealed and here we bring an overview of the big wins and losses of three companies that had run the tech market worldwide and aims to keep running this year.
Apple beats a new record
When the iPhone stopped to lead Apple‘s revenue, everyone was wondering if the company was really able to make alternative products as important as needed to keep increasing the results. And now the answer seems to start being clear: Apple made it! At least, for now.
The results of the first quarter of fiscal year revealed that the company has just beat a new record, the services revenue reached $ 12.7 billion during the period, which means a YoY increase by 17%. Its services include products such as iCloud, Apple Music, and even Apple TV.
However, the iPhone has also a lot of great news to tell this time and the new version of the smartphone was the key factor to this. The total revenue of the company during the period reached $ 56 billion, which represents an increase of 8% in relation to the same period of 2018.
Microsoft’s revenue increased by 14%
Azure has proved itself as Microsoft‘s sweetheart one more time since the product was leading the growth of the company’s latest results. Bill gates‘ company reached a liquid profit of $ 11,65 billion exceeding the $ 8,420 billion achieved during the same period of the previous year.
As you can imagine, with such a great revenue result, all the other KPI’s have also followed the same positive path. In revenue, the company had a YoY increase by 14% reaching $ 36,906 and Azure sales alone have grown by 27% in relation to the previous year, which was one of the key factors to drive the results up.
Even with positive results, Facebook loses $ 50 million in market value
The appearances are deceiving, this could be the best definition for Facebook’s current situation. The company’s earnings were higher than expected, the group reached a revenue of $ 21,08 billion exceeding the $ 20,89 billion forecasted, and also the mark of $ 1,66 billion active users, meanwhile, the forecasts had previously pointed out $ 1,65 billion.
Even so, the company’s stocks went down 8%, which represents a $ 50 million loss in market value and you might be wondering: why does it happen if the company presented good results?
Well, according to The New York Times, the investors have three clear concerns about the results. In first place, the expenses have also grown by 12% billion in this period, which has a direct impact on the company’s profit. Second, the revenue has increased by 25% this quarter, but the company has already reached a 30% rate before. And finally, 98% of the company’s revenue still is related to ads, which is not healthy for the business.
Besides, the group has also a diversification challenge to deal with, since that the greatest results come from the Facebook platform, while Instagram, WhatsApp, and Messenger represents small shares of the total result.