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Top 5 US tech giants post profits in Oct.-Dec. NHK

The top five tech giants in the US all posted profits in the last three months of 2021. But the operator of Facebook was the only one to see a slowdown in earnings growth.

Apple booked a record net profit of 34.6 billion dollars for the October-to-December period. That's up 20 percent from a year earlier.

Google parent Alphabet also reported its largest-ever net income, coming in at 20.6 billion dollars. That was a 35-percent increase.

Microsoft's net profit was 21 percent higher at 18.7 billion dollars.

Amazon's net income doubled to a record 14.3 billion dollars.

Meta Platforms, formally known as Facebook, saw 10.2 billion dollars in net income for the quarter. But that was down 8 percent year-on-year, and the first quarterly decline in two-and-a-half years.

The company cited Apple's new privacy feature that allows app users to reject third-party tracing. Meta says the change has made it difficult to distribute ads tailored to users.
Summary
Top US tech giants posted profits in Q4 2021: Apple ($34.6B, +20%), Alphabet ($20.6B, +35%), Microsoft ($18.7B, +21%), Amazon ($14.3B, *2x), and Meta Platforms ($10.2B, -8%). Meta experienced a decline in earnings growth due to Apple's new privacy feature affecting ad distribution.
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ID: 61fd379d-b624-4c90-9fda-2c7d35ed5dbd

Category ID: nhk

URL: https://www3.nhk.or.jp/nhkworld/en/news/20220204_32/

Date: Feb. 4, 2022

Created: 2022/02/04 23:26

Updated: 2025/12/09 18:01

Last Read: 2022/02/04 23:26