London, UK, 8th Sept 2021, ZEXPRWIRE – Tech giants have been around for a long time. These companies have built their value over the years and have grown to be very powerful in the industry. BTCMarketCap broker says the most well-known today is Apple, Google, Microsoft, Amazon, Facebook, etc. However, there are many more big tech names out there like Oracle (ORCL), IBM, Intel (INTC), Qualcomm, Cisco Systems (CSCO), and more.
The big tech companies are not only building hardware but are also working on self-driving cars, smartwatches, virtual reality headsets, and even the internet of things. While Apple’s iPhones are known to be leading the industry today, Google is pushing the boundaries of what can be done with virtual reality.
Apple (AAPL) is the leading smartphone manufacturer globally, and it has been making quite a few waves in India as well. The company which recently overtook Exxon Mobil to become the second most valuable company after only Microsoft has been looking at breaking into this market for some time now. Apple’s annual turnover is $200 billion, and it has nearly $250 billion of cash on its balance sheet, which makes it a huge target for politicians across the world.
Apple’s share price has been witnessing some weakness in the last few months as profit-taking after such a great run since April 2015 has taken place. However, Apple still looks like a very good buy with an upside of more than 10%. Apple recently launched its smartwatch, and if that clicks, that will be another revenue stream for this company. At present, the watch sells at slightly over the $100 mark, but once it can be produced at a much lower price point, the sales numbers should shoot up.
Google (GOOGL) is the other big company trying to gain a foothold in India. However, its operations here have not been as smooth as Apple’s. The company sells advertisements and earns revenue through this money-making machine, so its presence all across the market matters a lot. Google recently introduced its Youtube Offline feature for people who want to download their favorite videos and watch them later when they don’t have an internet connection available. This has now placed YouTube at par with many other services, such as Hotstar, Spuul, and Netflix.
Google has also been working on self-driving cars for quite some time now, and those efforts should start yielding results soon enough. If successful, then Google can easily make it a major player in the automotive industry as well. Google’s parent company Alphabet recently announced that it would invest $1 billion into Elon Musk’s SpaceX project itself, thus taking its stakes to 11%.
Google is also looking at expanding its reach over the internet of things and has announced Android Things. This OS will be used for devices that need a full-stack solution, such as security or cloud services. The OS would enable developers to create their products easily without worrying about all those other things like protocols, security, and distribution of their products. With more than a 10% upside on the stock, Google looks like a good buy currently.
Microsoft (MSFT) is gradually pushing out its hardware line-up from its core software business. The company announced the launch of Surface Studio on Monday, which is the first computer to have a detachable monitor that can serve as a tablet or laptop. This would be quite helpful for graphic designers and people who want to do some creative work on their software.
Last week, the company’s quarterly earnings results were impressive as it had nearly $25 billion in cash flow from operations, with over 75% coming from its cloud business. Microsoft is also looking at virtual reality being used by adults for entertainment purposes without buying consoles or other hardware for playing games etc. With revenue growth expected at 12% this year, Microsoft looks like an interesting proposition currently.
Facebook (FB) has been working hard to build its immersive content for adults and children. It has been working with some leading content companies to create virtual reality games targeted at children. The company recently introduced 360 videos in the news feed, allowing people to view immersive content without having to use Gear VR or Oculus Rift headsets.
With more than 40% upside, Facebook looks like a good buy at current levels even though the earnings growth is expected at around 36% this year.
With over $360 billion, Amazon (AMZN) is all set to take on Flipkart in India. The company recently opened its services for sellers from outside the United States. This would be a big boost for its seller base and help it expand faster into other regions where the company has yet not been able to gain a foothold.
Amazon’s core cloud-computing business continues to do well, with revenues growing by nearly 49% year-on-year in the last quarter itself. With expected revenue growth of more than 17% this year, Amazon looks like one of the most interesting companies to watch out for currently.
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