This week on the GeekWire podcast, we’re playing highlights and offering our thoughts on recent earnings calls from Amazon, Apple, Microsoft, Meta, and Alphabet to better understand what’s next for the tech economy.
A few of my thoughts after listening to all the calls last week:
- “Uncertainty” is the buzzword. Big tech companies are bracing themselves for the potential of a recession with job cuts and other austerity measures, but generally don’t see the extreme reality of an actual downturn.
- The exception to this is the advertising market, which has seen a decline in marketing spend for companies like Microsoft and Alphabet, which have been growing at a slower rate than expected; and for Facebook parent Meta, which reported its first revenue decline for the quarter. Amazon does better than most in this regard.
- Perhaps more than ever, many of the big tech CEOs are in full “pitch” mode on these supposedly level-headed financial calls, touting their latest initiatives as if they’re speaking at a product launch event and attempting to convince investors of any threats to their business is actually an opportunity.
This last trend made me wish they would use traditional “SWOT” analysis on these calls, and soberly assess their strengths, weaknesses, opportunities, and threats in the style that many corporate leaders learned in business school.
But as my colleague John Cook points out in response, the mantra many CEOs follow is ABS: “Always Be Selling.”
With that in mind, we invite you to listen to or subscribe to this week’s episode via the audio player in this post, wherever you hear it, and to rate and review the GeekWire podcast on your favorite podcast app if you’re inclined .
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Audio editing and production by Curt Milton.
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