Apple, FB report blockbuster profits

Apple, FB report blockbuster profits

SILICON VALLEY: Apple and Facebook delivered blockbuster profits on Wednesday (Thursday in Manila) in the latest sign of Big Tech’s strength as the sector faces scrutiny for its growing dominance during the pandemic. The two Silicon Valley giants reported profits that essentially doubled, with Apple earning more than $23.6 billion and Facebook some $9.5 billion in the first three months of the year.