Amazon Expects Sales Windfall as US Economy Reopens, Posts Record Profits

Amazon, one of the biggest winners of the pandemic, posted record profits and signalled that consumers would keep spending in a growing US economy and converts to online shopping are not likely to... https://ift.tt/2SgFRKY

Why Apple has chips for iPhones while Ford got caught short

Automakers and their suppliers, with "just-in-time" production lines that can more easily be spun up or changed to produce different varieties of parts, have not. Apple said Wednesday that it would lose $3 billion to $4 billion in sales in the current quarter due to limited supplies of certain older chips. https://ift.tt/3e1EFnc

Top 10 tech companies to work for in India

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Google saved over $1 billion with employees working from home, claims report

According to a report by Bloomberg, during the first quarter, Google parent company Alphabet saved $268 million in expenses “primarily as a result of COVID-19” compared to the same period a year earlier. This money is otherwise spent on promotions, travel and entertainment. https://ift.tt/2RcDpV6

Plus One Robotics, which makes computer vision software for robotics in logistics and warehouse settings, raises $33M Series B, bringing total raised to $40M+ (Brian Heater/TechCrunch)

Brian Heater / TechCrunch:
Plus One Robotics, which makes computer vision software for robotics in logistics and warehouse settings, raises $33M Series B, bringing total raised to $40M+  —  San Antonio-based Plus One Robotics today announced a $33 million Series B. The round follows an $8.3 million Series A announced …

Combined revenue of Amazon, Apple, Alphabet, Microsoft, and Facebook hit ~$1.2T this year, up 25% since March 2020, benefitting from a "perfect positive storm" (Shira Ovide/New York Times)

Shira Ovide / New York Times:
Combined revenue of Amazon, Apple, Alphabet, Microsoft, and Facebook hit ~$1.2T this year, up 25% since March 2020, benefitting from a “perfect positive storm”  —  The dictionary doesn't have enough superlatives to describe what's happening to the five biggest technology companies …