Huge profits: People walk past a Microsoft store in New York City. The tech giant reported a jump in profits in the recently ended quarter. — Reuters
NEW YORK: Three of the world’s largest companies – Apple Inc, Microsoft Corp and Alphabet Inc – reported about US$57bil (RM241bil) in combined profit in a record-busting quarter, riding a resurgence in consumer and business spending.
Yet markets responded coolly. In part, investors were skeptical that these companies can continue to post double-digit growth for quarters to come.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
