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Translator’s Note:With the spread of the new coronary pneumonia epidemic, the world is slowly adjusting to life under the epidemic. The tech industry is no exception, how are they now? Hear from CEOs about the current epidemic.The following is a summary of the statements by the heads of the tech giants:
1. Apple Cook CEO: Employee productivity is high and low
Cook
We continue working and everyone is adapting to work from home. In some departments, the productivity of some employees who work from home is even higher, while others are not as good as before, so productivity depends on their job.
2. Google CEO Pichai: two quarters of ice and fire in the first quarter
Pichai
In many ways, we experienced two quarters in the first quarter. For example, the advertising business performed strongly in the first two months of the first quarter, but in March, advertising revenue suddenly slowed sharply. In general, the recovery of advertising spending will depend on the recovery of economic activity.
3. Amazon Bezos CEO: Don’t Scare $ 4 Billion In Profits To Fight The Epidemic
Bezos
If you’re an Amazon stockholder, you may want to find a chair to sit on (i.e. don’t panic), because we think this is not a trivial matter. Under normal circumstances, we expect this second quarter to generate an operating profit of $ 4 billion or more. But now it is not normal. Rather, we expect that all earnings of $ 4 billion or more will be used as epidemic-related expenses to deliver products to customers and protect employee safety.
4. Tesla CEO Musk: America’s closed city is “fascism”
Musk
So now is the time to think about the future, we have to ask about human rights violations, right? What is happening now? I think people will be very angry about the current situation, very angry. If someone wants to stay home, that’s good, they should be allowed to stay home and they shouldn’t be forced to leave. But if they cannot leave their house, they will be arrested if they leave. This is fascism. This is not democracy, it is not freedom. Give the damn freedom back to people.
5. Microsoft CEO Nadella: Demand increases and accelerates digital transformation
Nadella
With the new epidemic of coronary pneumonia affecting all aspects of our work and our lives, we see that the time for digital transformation that originally took two years is now compressed to two months. From remote teamwork, remote sales and customer service learning to critical cloud infrastructure and security, we are working with customers every day to help them continue to operate in a remote world. The immediate increase in demand in all of our solution areas and systematic structural adjustments will simultaneously define how we live and work in the future.
6. Facebook CEO Zuckerberg: Continuous investment is an opportunity and a responsibility
Zuckerberg
In general, I think that during this period, a lot of new things should be developed. Many companies can step on the brakes, but I think it is important to maintain development and investment for people’s new needs, especially to compensate for areas where other companies can retire. In some ways, this is an opportunity. In other respects, continued investment in economic recovery is a responsibility.
7. Intel Siwan CEO: Short-term growth in PC demand is still uncertain in the second half of the year
Swan
Short-term PC demand has increased due to home office and online learning, but there is more uncertainty in the demand outlook in the second half of the year. We will continue to assess the extent to which the economic impact of the new coronary pneumonia epidemic will offset the catalysts generated by remote office work and balance the wafer release plan accordingly.
8. Netflix Hastings CEO: Demand advances, subscriber growth will slow in the second half of the year
Hastings
Our subscribers achieved growth in March, which is actually a change in demand for the rest of the year. Therefore, we speculate that the increase in subscribers in the third and fourth quarters is not as great as in previous years. But we don’t use guess or speculate easily, we use it because many people feel financial difficulties. Everything is hard to say. But again, will online entertainment be more important in the next five years? Yes, nothing has changed.
9. CEO of IBM Krishna: unprecedented epidemic story
Krishna
Revoking the performance guide is a decision, but this is an unprecedented period. This quarter is not the time to announce a performance guide, this is not good for us or for you as an investor or analyst.
