1155 days ago
1155 days ago
UPS sees record revenue in last 3 months of 2020, shares rise 3%
UPS revenues rose 21% to $25B in the three months ending December 31st, 2020. Costs also rose however and the firm posted a loss of $3.26 billion. Adjusted profits were $8.23 per share. Amazon accounted for 13.3% of UPS's total revenue last year, up from 11.6% the year before, said UPS CEO Carol Tome. - Yahoo Finance
1155 days ago
Qualcomm's warning that semiconductor shortage is spreading
And they would know what they are talking about, as Qualcomm is the world's largest phone chip maker. Like many other semiconductor companies, Qualcomm is struggling to meet the recent surge in demand, as both EVs and Electronics are hungry for chips to function. Covid-19 initially made the demand drop, but it quickly picked up pace when people started to work from home. The surge in demand for EV managed to sold out chips. Note that these will go to electronics in priority, as consumers electronic companies can offer better prices and quantity, partially thanks to much higher margins and volume on finished products. Qualcomm's shares closed at $162.30 yesterday, making the stock up 6.5% for the year.
1155 days ago
Amazon is much more than an online store
While we all think of Amazon as a huge e-commerce platform, this is not the full picture. The company has introduced plenty of other services in addition to its generic e-commerce activity and cloud computing offerings. In addition to their smart speaker line, they built new wi-fi routers, Fire TV streaming sticks, a autonomous home security drone and plenty of other gadgets. As you can see on the graph below, Amazon's e-commerce activity represents only half of its revenue, with commissions charged to third party sellers, AWS, subscriptions services, physical stores and other activities making up for the other half.
