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Expectations of falling profits of tech giants

Newspaper site planned "Financial Times" Profits of giant tech companies fell by 5 percent, due to the fear of consumers and companies alike inflation It is an impending recession.

The IT sector, in general, is expected to see a decline profits By around 5%, particularly in the semiconductor industry, chip makers’ revenues are likely to decline by more than 15%.

As the experts say, Profits of advertising companies on Internet Ecommerce will drop by more than 20%.

Revenue growth for the five largest US tech companies is expected to slow, namely Alphabet, Amazon, Apple, Meta andMicrosoft.

In this regard, the expert on social networking sites, engineer Omar Sami, said in his speech to"Sky News Arabia"that tech companies have seen "the golden age" During the Corona period, because the whole world spent the day in front of electronic screens.

He added: "Now the virus has passed crownThe world is seeing a sharp shift in the markets due to inflationWe have seen it since the beginning of this year".

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The website of the American newspaper “Financial Times” predicted a 5 percent decrease in the profits of tech giants, due to the fear of consumers and companies inflation It is an impending recession.

The IT sector, in general, is expected to see a decline profits By around 5%, particularly in the semiconductor industry, chip makers’ revenues are likely to decline by more than 15%.

As the experts say, Profits of advertising companies on Internet Ecommerce will drop by more than 20%.

Revenue growth for the five largest US tech companies is expected to slow, namely Alphabet, Amazon, Apple, Meta andMicrosoft.

In this regard, the expert on social networking sites, engineer Omar Sami, told “Sky News Arabia” that technology companies have witnessed a “golden age” during the Crown period, because the whole world he spent the day in front of electronic screens.

He added: “Now that the virus has passed crownThe world is seeing a sharp shift in the markets due to inflationwe have seen since the beginning of this year.

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