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Tech ETFs supported by giants that beat expectations in 1Q

TES Capital
TES Capital5/28/2018 07:30 AM GMT+08  • 6 min read
Tech ETFs supported by giants that beat expectations in 1Q
SINGAPORE (May 28): Technology is indispensable in our lives. There is barely a moment when we do not use a smartphone made by either Apple, Samsung, Huawei or Xiaomi. Most of us use Google’s search engine or Gmail regularly. Many of us use Microsoft Wo
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SINGAPORE (May 28): Technology is indispensable in our lives. There is barely a moment when we do not use a smartphone made by either Apple, Samsung, Huawei or Xiaomi. Most of us use Google’s search engine or Gmail regularly. Many of us use Microsoft Word and Excel on a daily basis; and most global corporates use its Azure cloud services. According to KeyBank Research, Amazon Web Services had 62% market share in 4Q2017, down from 68% a year earlier; Microsoft Azure’s market share rose to 20%, from 16%; and Google’s rose to 12%, from 10%.

Amazon had about 310 million active consumers as at 2017; Alibaba Group Holding had 488 million active users as at 3Q2017. Both e-commerce giants have ventured into the physical space, but their battle for customers is being fought online.

During its 1QFY2018 ended March 31 results conference call, Facebook CEO Mark Zuckerberg said 2.2 billion people use Facebook every month and more than 1.4 billion people use it every day. “Our business grew 49% year-over-year to US$12 billion [$16.1 billion],” he said. The number of active Facebook users crossed one billion in 3Q2012. Active users are those who have logged in to Facebook in the last 30 days.

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