Under the epidemic, technology companies have gone against the trend and developed strongly.
Shenzhen Translation Bureau is its compilation team, focusing on technology, business, workplace, life and other fields, focusing on introducing new foreign technologies, new perspectives and new trends.
Editor’s note: Just as new crown pneumonia was causing serious trauma to the physical industry, large technology service companies went against the trend and set a peak in business growth. Working from home has provided a larger user market for major technology companies. Amazon plans to recruit 100,000 warehouse workers in response to the surge in online purchase orders during the epidemic; Facebook ’s recent video call and SMS traffic has also exploded; Microsoft The number of users of the newly launched “Microsoft Team” business has also increased by 37% in a week. Read this article to take you through the rise of technology brought about by changes in people ’s consumption habits during the epidemic. This article is translated from the article titled “Big Tech Could Emerge From Coronavirus Crisis Stronger Than Ever” in The New York Times. The author of this article Daisuke Wakabayashi , Jack Nicas , Steve Lohr and Mike Isaac.
While the coronavirus is raging and other economic sectors are severely affected and in trouble, in Oakland, California, the business of those large passenger jet companies has remained stable, even better than before.
Amazon is currently hiring 100,000 warehouse workers to meet the soaring online shopping demand during the epidemic; Facebook ’s recent video call and SMS traffic has exploded; Microsoft also said that users who use its software for online collaboration The number has increased by almost 40% in a week.
As people have been told that they need to work from home and stay away from others, this pandemic virus pandemic has deepened people’s dependence on the services of the technology industry, and has also accelerated the trend that has been beneficial to the development of these companies.
Amazon has been making inroads into physical retail for years. Consumers who were previously reluctant to buy things here are now quickly turning their eyes to the e-commerce giant to buy a lot of goods, such as groceries and over-the-counter medicines.
In recent years, the expansion of companies such as Netflix has eroded box office revenue for movies. Now, with the government ordering the closure of movie theaters, NetfliX and YouTube are gaining new audiences.
The closure of the cinema has allowed more viewers to start using streaming services such as Netflix and YouTube. Gabby Jones for The New York Times
Many companies have given up their data centers and rented equipment from Amazon, Microsoft and Google. At present, given the current situation of millions of employees being forced to work from home, the company’s lease of technology industry equipment to process data may accelerate, which will also put some pressure on the company’s technology infrastructure.
Even Apple’s recent developments seem robust. Because of Apple’s reliance on Chinese factories and consumers, it seemed that for a while it had become one of the US companies most threatened by the new crown virus. Recently, however, many of their factories have almost fully resumed production and are on track. People are also investing more time and money in digital services, and last Wednesday, Apple even released their new products.
Daniel Ives, managing director of equity research at Wedbush Securities, said: “In this case, large tech companies may become more powerful than before.”
This is not to say that large technology companies need not worry at all. Advertising is the lifeblood of Google and Facebook. During the recession, the advertising business is often affected. The stock of Apple, Microsoft, Amazon, Facebook and Google’s parent company Alphabet has shrunk by more than $ 1 trillion a month ago, setting a record high for U.S. stocks at the time. Microsoft and Apple have lowered their short-term financial forecasts as consumer purchasing power has slowed.
Apart from these big companies, other industries are more like a survival competition. Communication tools such as video conferencing service Zoom are now an integral part of life, but ride-hailing companies like Uber and Lyft, and property-rental sites like Airbnb are watching customers disappear.
It is reported that the global technology industry with a scale of up to $ 3.9 trillion will be affected by the epidemic this year, but it is not clear how much. Last December, research institute International Data Corporation (IDC)