Amazon, Apple, Facebook and Alphabet defy coronavirus to post better results than expected

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Amazon, Apple, Facebook and Alphabet defy coronavirus to post better results than expected
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The four firms, accounting for nearly a fifth of the S&P 500's market value, reported on the same day for the first time.

Some of America's biggest tech companies have defied the coronavirus pandemic to post better-than-expected financial results.

But Amazon hired 175,000 people and posted revenue of $88.9bn , a jump of 40% compared to the same point last year.The company's founder Jeff Bezos, who is the world's richest person, described the quarter as"highly unusual". The firm said sales of its iPad and Mac hit $6.58bn and $7.08bn respectively, beating expectations of $4.88bn and $6.06bn.

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