The coronavirus pandemic has destroyed industries all over the world. Technology companies are also in no better position, but some companies have managed to earn profits even during the lockdown. Such as:
As soon as the lockdown began, you would have immediately started your technical preparations for the lockdown when you were told that you would have to work from home. But do you know how good this news has been for software-making companies? Barring some security and privacy issues, the stock price of the Zoom app has doubled as compared to December, and the number of users has increased from one crore to two crores. Hardly anyone knew this app, but now all offices from the cabinet meeting are meeting on this. Zoom alone is not such an example. In March, Microsoft Teams reported that it had grown to 44 million users. It has increased by 40 feet in a week. The demand for remote-access software TeamViewer has also increased. The chief executive of the work chat app Slack has said that new records of users are being created every day by the end of March.
Gaming Software Companies:
We still stay in the house these days when we finish working. At such times, the business of gaming software companies is doing well. People are now spending more time playing online games. The number is seen to be large. The newly launched game Call of Duty has grown to tens of millions of users overnight. Analysts believe that the sales of the games have increased by 35 percent and hardware sales by 63 percent. This means that the stock of the console is going to decrease soon. However, it is still going to grow. Despite the new games and consoles continuing to become, it may delay market arrivals. The head of Xbox says the industry could face troubles in 2021, and the stock price may fall despite good sales.
Video Streaming Companies:
Not just gaming but also video streaming companies are getting the benefit of lockdown. Consumers for entertainment are spending money on Netflix and other video streaming companies' services. Netflix has received 1.6 million new subscribers. He had already prepared the content for the year. He also has new programs for the coming months. Disney Plus has also launched its launch in the UK and elsewhere at the end of March. It already has 3.3 crore subscribers, with nearly 5.5 crore subscribers. It is now challenging Netflix hard in the market. With the closure of the theater, big films are now being released directly on digital platforms. Universal, the film-making company, says it will continue even after the lockdown ends.
This is an area that has had the opposite effect of lockdown, but it has managed to keep itself in any way. ClassPass is a website offering gym class. After the lockdown, it has started gym training for people through online service. The company says the demand for this new service has significantly increased after the lockdown. Nevertheless, he has had to leave many of his staff, and his 95-century profit has been affected. Pelotone runs video streaming classes to promote its fitness bikes. It has had to close its studio after a case infected with the coronavirus, but it still has a profit of more than 60 feet. YouTuber Joe Wicks has also benefited from the lockdown. They train workouts at home. His record on YouTube has been streaming by people. Now there is a buzz that some big sports brands are going to sponsor them.
During the Coronavirus pandemic, amazon has faced some difficult situations. Workers working in Amazon's warehouse had stopped work for a limited period, citing poor facilities. After a case of insulting the employee who organized the strike came to the fore, the French government banned the sale of Amazon's non-essential products until the safety check was completed. Nevertheless, Amazon owner Jeff Bezos has raised his assets by $24 billion during the lockdown. Amazon's stock price has also increased. However, Amazon is also the largest company in cloud computing. Some believe that this is why Amazon has managed to earn profits while other companies are struggling to pay their dues.
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