Apple, Facebook score with pandemic-hit consumers: profits surge

San Francisco (AFP) – Apple and Facebook on Wednesday delivered stunning gains in profits and revenues over the past quarter, in the latest sign that Big Tech is delivering for pandemic-hit consumers around the world. Blowout quarterly updates from the two Silicon Valley giants highlighted how consumers increasingly relied on social media, digital services and gadgetry as they hunkered down for the global health crisis. Apple said profit in the holiday period rose 29 percent from a year ago to $28.7 billion, while revenues grew 21 percent to $111.4 billion, with international sales accounting …

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