Category: q2 2020

Alphabet saw its revenue dip due to the pandemic

[ad_1] Though advertising money pretty much disappeared everywhere, Google still made money from its Cloud products. “Customers are choosing Google Cloud to either lower their costs by improving operating efficiency, or to drive innovation through digital transformation,” Pichai said. The shift to working from home also led to a growth in use of Google’s cloud […]

Samsung looks forward to quantum dot TVs, new game systems and phones

[ad_1] The rest of the year is also looking surprisingly positive from Samsung’s perspective, as the launch of new game consoles will push sales of RAM chips for their GPUs. It’s also preparing to launch several mobile devices of its own during the Unpacked event next week, including a new Galaxy Note, Galaxy Fold and […]

Spotify says listener habits are almost back to pre-pandemic levels

[ad_1] Spotify’s interest in podcasts is paying off, too, with 21 percent of its users now listening to podcasts on the platform. That number “continues to grow at triple digit rates year over year,” and so we’re expecting that figure to continue to rise across the year. Not to mention that this surge in podcast […]

Tesla’s Q2 earnings could qualify the company for an S&P 500 listing

[ad_1] Tesla had to make some pretty severe cuts to preserve its earnings in Q2, given the widespread effects of the COVID-19 pandemic. While Tesla’s North American factories were shuttered, the company furloughed thousands of workers and cut salaries by up to 30 percent, suspended contract assignments and even delayed performance reviews so that it […]

Netflix plans to have even more originals in 2021

[ad_1] Netflix Q2 2020 results The most surprising announcement in its Q2 earnings report (PDF) is the news of a new leadership structure — chief content officer Ted Sarandos will join Reed Hastings as co-CEO, and take a seat on the company’s board. When it comes to content, Netflix claimed strong performance with dramas like […]