WWDC 23 - June 5-9
Dramatic headline! Apple, Amazon, Alphabet, Microsoft and Meta are all doing just fine. We’re too fixated on huge profits each quarter. The bigger story is how big tech responded to its loss in revenue and how it should learn from it. You could give Apple credit for not announcing lay offs but I think that’s how Apple is built and probably to this day they stick to the Steve Jobs leanness mantra for fear of becoming bankrupt again.
https://www.nytimes.com/2023/02/02/technology/big-tech-earnings-austerity.html