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Clouds on the horizon for big tech?
The big techs continue to deliver stunning results and are capitalising on the considerable opportunities in 'the Cloud'. But there is also a potential cloud on the horizon, as our update here reveals.
To put it mildly, the big tech companies are giddied up. In the latest quarter Alphabet, Amazon, Apple, Facebook, and Microsoft generated a combined $359 billion of revenue. That compares with a trifling $279 billion in the same quarter last year, which makes us wonder how they ever managed. In fact, combined revenue was up 29 per cent and net income up 41 per cent - with that kind of growth you could be forgiven…
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