There is a conspiracy theory about the CoViD-19 authenticity. It is assumed by a group of people that CoViD-19 is not a disease instead a bait by multi-national companies. By using this pandemic ,multi-national companies conspiring to enhance their business and growth.
If we consider this theory as truth ,then a question rises. Why the global sales and growth of multi-nationals is going down in first quarter which should be increase according the conspiracy? It is estimated that these sales will go down throughout the year.
Here are some sale's figures of first quarter of some business multi-nationals.
1- Coca Cola
Sales are dropped to 25% in April & May 2020. Coca cola production in China, India ,Russia and many other countries are on halt due to nonavailability of raw materials.
(Ref. CNBC Global)
2- Pepsico
Sales bears the decline of 28% during the month of April and May.
(Ref. Forbes)
3- Apple
On Feb-16 the share price was 327.20 dollars which dropped to low in history to 245 dollars on end of April.
(Ref. MacRumors)
4- Toyota
Toyota had faced 20% decline in sales during March and April. it expected to decrease 80% by 2020 due to changes in earnings of a Lehman.
(Ref. Financial times)
5- Intel
Intel hits 35% decline due CoViD crises.
(Ref. Reuters)
6- Sony
Sony reported 86% plunge during CoViD-19.
(Ref. CFO)
Nike got hit 5% loss to the first quarter of 2020 due to corona virus.
(Ref. Fortune)
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