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Whats happening in Tech and Retail world?
- Apple reinvesting $50 billion into a share buyback program, means buying its own stock, however earning for this quarter remained same as last year which is $58 billion
- Apple managed to claim revenue mainly form tangible products such as air-pods & wearable’s, however its 450 stores are closing in South Asia region due to plunging sales and unable to reveal future ending up chaos in stock market
- Amazon planning to reinvest $4 billion on Covid-19 related activities in Q2 on workers health care scheme and over demanding delivery during pandemic , however it claimed $75 billion revenue earned in 1st quarter.
- Both of the tech giants were unable to anticipate whether future is in their favor?
- Employees from Wholefoods, Target, Amazon, food lion and other leading Retail stores have called off sick Friday in a one day strike expecting better precautions in Health care during Pandemic
- Pandemic has increased (Workplace-as-a service) operators
- Google launched new application which will challenge Zoom meeting app explicitly in high demand during Pandemic, However It will allow 100 participants to talk simultaneously for 60 minutes
- Microsoft managed to claim $35 billion revenue in its 3rd Quarter
- Retailer workers in the UK are considering to get minimum pay relief of sterling 10 per hour
Tech giants ended up chaos in stock market
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