Tech giants worldwide are facing challenging conditions due to the 2020 pandemic and its impact on the global market and economy. But what does the future have in store for major leaders like Tesla, Apple, and Disney?
● Apple. Despite the challenges posed by the recent pandemic, Apple is predicted to further grow its revenue after 2020. The main cause for such predictions is the company announcing the launch of its 5G devices at the end of 2020.
Although the company is somewhat late in implementing the 5G technology due to RF system complexities, it seems to face and overcome the obstacles at hand.
● Tesla. This company found great success with its latest models, particularly the Tesla truck Model 3. The end of 2020 brought an expectation of further growth with the announced launching of the Model Y, and the company is now looking to expand beyond the US. But with great success comes great challenges.
Tesla might be relishing in earnings and revenue from its vehicles, but it is now facing a backlog in orders.
● Disney. Resisting the challenges posed by the 2020 viral outbreak and its repercussions on the market, Disney is about to overtake Netflix in growth.
Disney+ overcame its major competitor, as Netflix saw a 2.49% drop in growth at the end of the year. In contrast, Disney+ had 10 million subscribers on its first day!
The above examples show that a tech company can swim upstream with vision, flexibility, and smarts. Remember that responding to customers is the #1 rule of business success!
Markets become volatile, and consumers’ wallets empty. But the needs are always there, and you can reserve a place even in the thinnest pocket if you know how to respond properly!
What do you think about the future of top tech giants? Let me know!
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