The tech industry’s winners and losers in lockdown
The coronavirus pandemic has been bad news for business. But even as some technology companies have been squeezed tight, others have actually seen a boost.
Some were in the right place at the right time – while others have seen the real-world trade they rely on shut down completely.
Winner: Working from home
When your boss told you to start working from home, you might have had to rush to get to grips with the new kit to do so.
Entire populations did – which is good news for those making the software.
Despite some major PR disasters around privacy and security issues, Zoom’s stock price more than doubled since December.
And its user numbers have exploded from 10 million a day to 200 million.
Once a relatively unknown business app, it’s been used for everything from cabinet meetings to farm-animal cameos.
It’s not alone.
In March, Microsoft Teams said it had hit 44 million users, a jump of 40% in the space of a week.
Remote-access software Teamviewer has seen “significant extra demand”.
And the chief executive of popular work-chat app Slack reported setting repeated all-time user records day after day at the end of March.
When we’ve finished the work day, we’re still staying at home.
AndGaming is doing well while people are stuck indoors and in need of an escape.
Literally, in the case of Animal Crossing, on the Nintendo Switch – it puts the player on a deserted island getaway, building a colourful town populated by talking animals.
Players have loved designing new homes and it’s now Nintendo’s biggest game launch on the console.