Becker's Healthcare July 29, 2021
Hannah Mitchell

Amazon, Apple, Microsoft and Google all witnessed soaring profits in the latest quarter as the tech giants find new industries to dominate.

Six details:

  1. Amazon’s net sales increased 27 percent to $113.1 billion in the second quarter, compared to $88.9 billion in the second quarter of 2020. Its operating income also increased from $5.8 billion in the second quarter of 2020 to $7.7 billion in the second quarter of 2021, according to a July 29 news release.
  2. Even with such high numbers, it was the first time Amazon has missed revenue expectations in three years. Amazon CFO Brian Olsavsky blamed tough year-over-year comparisons because its business skyrocketed during COVID-19 lockdowns, CNBC reported.
  3. During the second quarter, Amazon...

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Topics: Technology
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