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Summary | 13 Annotations
How the pandemic has changed tech in its first 100 days
2020/06/19 00:34
One hundred days after the World Health Organization declared the coronavirus a worldwide pandemic, tech stocks have bounced back along with companies’ supply chains and executives’ bright outlooks.
2020/06/19 00:34
Data show a more nuanced shift in U.S. tech behavior, one that does benefit newer technologies that seem to be tailor-made for a population trapped at home with an internet connection: Endless streaming media, instant video chats with friends anywhere in the world, constant connections to coworkers.
2020/06/19 00:35
In the first quarter, sales in the information-technology sector of the S&P 500 SPX, +0.05% index rose 4.3%, less than the expected 6.7% but stronger than a slight contraction in the first quarter of 2019.
2020/06/19 00:35
Apple, Microsoft, Amazon, Alphabet Inc. GOOGL, -1.26% GOOG, -1.04% and Facebook were worth a combined $4.8 trillion at the end of trading March 10, the day before WHO’s declared an official pandemic. On Wednesday, they closed at a combined valuation of roughly $6 trillion.
2020/06/19 00:41
That extra $1 trillion-plus is the confidence investors have put into the continued resilience of the five Big Tech companies, which have established businesses in hot areas along with vast resources and customers and may only be rivaled by each other
2020/06/19 00:42
Amazon and Microsoft especially seem secure, although Amazon will spend its operating profit in an attempt to bolster its operation
2020/06/19 00:42
That leaves Apple. Consumers aren’t as likely to make big device purchases given financial uncertainty and temporary retail store closures, and that could continue to weigh on the iPhone maker’s business
2020/06/19 00:42
“Zoom” became a verb in the first 100 days of the pandemic, showing how software previously known largely to certain industries and finance nerds could explode into public consciousness when the need arises. Zoom Video Communications Inc. ZM, +2.03% saw 300 million daily meeting participants at its peak in recent weeks, more than 30 times its 2019 peak of roughly 10 million.
2020/06/19 00:42
The key for both Slack and Zoom will be finding ways to convince free customers to pay up for these services even once employees start returning to the workplace again in large numbers, and battling a suddenly relevant Microsoft Teams offering, that attempts to combine their core features and another tech titan.
2020/06/19 00:43
Netflix had its biggest quarter ever, but must compete with a host of new rivals that were in the works well before the pandemic, and the struggles of Quibi show that success is unlikely to be universal.
2020/06/19 00:43
Electronic Arts Chief Executive Blake Jorgensen told investors that sports fans were flocking to its “Madden,” “FIFA,” and “NHL” titles as substitutes for watching live sporting events
2020/06/19 00:43
Smartphone shipments could plummet 11.9% this year to 1.2 billion, according to market researchers at IDC who see a “global demand-side problem.
2020/06/19 00:43