Tech giants such as Apple, Amazon, Facebook, and Google have reported better-than-expected earnings for the first quarter of 2021. This has reassured investors that the tech sector continues to thrive despite the ongoing challenges posed by the COVID-19 pandemic.
Apple, the world's most valuable company, reported a staggering $89.6 billion in quarterly revenue, driven by strong iPhone sales and increased demand for its other products and services. Similarly, Amazon, the e-commerce giant, recorded a 44% increase in net sales, totaling $108.5 billion in the first quarter, benefiting from the surge in online shopping.
