Dade Hayes Finance EditorAs traditional entertainment companies grapple with the upheaval and uncertainty of COVID-19, tech giants Apple and Amazon are profiting handsomely during the pandemic.The tech giants on Thursday reported blockbuster results for the second quarter, the same April-to-June period that paralyzed traditional Hollywood.
Speaking to Wall Street analysts about the numbers during separate earnings conference calls, executives struck a notably sanguine tone about the months-long production shutdowns.They took care to express concern about safety, of course, and conceded a degree of uncertainty about the outlook for when cameras will once again roll.
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