Apple, Amazon and Alphabet continue to dominate
The Wall Street Journal reported that as Apple, Amazon and Alphabet continue to grow their revenues, they face growing scrutiny over their influence on society and their dominance of certain markets. Apple’s revenue rose 13% to a record $88.29 billion in the three months through December. Amazon’s revenue jumped 38% to $60.5 billion. Amazon attributed a large portion of the growth to strong performances by its cloud-computing division and growth in advertising services. Google’s parent Alphabet posted revenue of $32.32 billion, reflecting growth of 20+%, but the company made a loss after taking a $9.9 billion tax charge.