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Microsoft is reliant on Azure for growth. Although cloud initiatives are designed to save money in the long run, in the short run they cost money. If we go into
by bradleyjg 4y ago
Microsoft is reliant on Azure for growth. Although cloud initiatives are designed to save money in the long run, in the short run they cost money. If we go into a strong recession than at the least I would expect Azure to do worse than projected.
Likewise, Apple sells luxury goods.
If I had to bet on one FAAMNG in a sharp recession it would be Amazon. They have the most diversified revenue streams.
- scarface74 4y agoThis could only come from someone who doesn’t understand the enterprise. How is a luxury good affordable by over 50% of the US market?
- bradleyjg 4y agoWhat percentage of the US market has a piece of jewelry? If that’s above 50% is jewelry a staple good instead of a luxury good?
- scarface74 4y agoWhy would jewelry necessarily be a “luxury” of many people can buy it?