‘Perfect positive storm’ for big tech as pandemic fuels huge quarterly sales and stock market gains
Google, Apple and Microsoft are expected to report record-breaking quarterly sales and profits on Tuesday night as the firms continue to benefit from a pandemic that has created a “perfect positive storm” for big tech.
Alphabet, Google’s parent company, is expected to report second-quarter revenue of $56bn (£41bn). That would be a 46% increase on the same period a year earlier, and mean that the company collected $622m-a-day on average between April and June. Earnings per share (a measure of profit) are expected to increase 90% on the same period a year earlier.
