The biggest US tech companies are set to face unfamiliar scrutiny on their costs when they report their latest earnings this week, as a sharp revenue slowdown brings an end to the pandemic-fuelled surge in digital activity of the past two years. Growth in the combined revenues of the five biggest US tech companies — Alphabet, Amazon, Apple, Meta and Microsoft — is expected to have slowed to just under 10 per cent in the third quarter, according to analysts’ estimates. The earnings are being closely watched as a barometer of the wider consumer economy, with online spending and digital advertising expected to continue a sharp deceleration already seen in the first half of this year. Read More...
The biggest US tech companies are set to face unfamiliar scrutiny on their costs when they report their latest earnings this week, as a sharp revenue slowdown brings an end to the pandemic-fuelled surge in digital activity of the past two years. Growth in the combined revenues of the five biggest US tech companies — Alphabet, Amazon, Apple, Meta and Microsoft — is expected to have slowed to just under 10 per cent in the third quarter, according to analysts’ estimates. The earnings are being closely watched as a barometer of the wider consumer economy, with online spending and digital advertising expected to continue a sharp deceleration already seen in the first half of this year.
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