Big Tech Companies ‘Well Positioned’ Long Term for Post-COVID Economy, Says Shapiro
“Imagine this pandemic without the internet,” CTA President Gary Shapiro told the Fox Business network Thursday. “It’s changed our lives in so many different ways, and this whole experience will change our lives forever in the future.” Thursday was the…
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25th anniversary of the decommissioning of the National Science Foundation Network, effectively turning over the internet from the government to the private sector, said Shapiro. He thinks all the big tech companies will “do well” post-pandemic “in the long term,” he said. “In the short term, obviously there’s ups and downs.” All are “very well positioned” for the post-COVID-19 economy, he said. “They’ll do well because in the long term, people will value what they’re providing.” Shapiro, speaking moments before Apple released its quarterly earnings, described the iPhone maker as “one company where you’re talking about just a momentary hiccup” because of COVID-19 supply chain “challenges.”