Tech giants accumulate gains amid the Covid-19 crisis

Apple's revenue in the last quarter of 2020 is $ 111.44 billion.

Miguel MEDINA AFP / File

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3 min

As states spend billions of dollars to prevent massive bankruptcies and unemployment from the pandemic, tech companies and others are posting record profits.

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The heavyweights of new technologies are doing well at the start of the year.

Apple exceeded $ 100 billion in quarterly revenue for the first time.

But there is also the giant Facebook, whose annual profit amounts to more than 11 billion dollars or the Korean Samsung whose profit has jumped by more than 20% in 2020.

“

The pandemic has a multiplier effect since we are in a digital logic,

explains Jean-François Faure, president of AuCoffre.com and expert in the sector

.

When you are confined, but want to keep in touch with those close to you, Facebook will help.

Apple, with its various services, will help you too

.

"

"

Companies at the level of nations

 "

However, he recalls that these gigantic profits amassed during a period of health crisis also come from significant investments by tech companies in the development of their products: "

We are in a logic extremely profitable to GAFAM who have invested billions of dollars since now. decades.

And they have allowed themselves to be in deficit quite regularly like Amazon, which has not had profits for 20 years.

It was a deficit they knew how to control to invest every dollar in innovation.

We have companies that are at the level of nations.

If you take California, the Golden State, it has a GDP that is higher than that of France.

"

And in another area, even Tesla, the manufacturer of electric cars, is for the first time profitable despite the pandemic: 720 million dollars in 2020. A result, according to Jean-François Faure, due more to the buyback of carbon taxes than ' the sale of vehicles proper.

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