Bloomberg opens up the door to a
rare look at the corporate finances of the world's most popular handgun manufacturer and discovers sales have collapsed under the Trump presidency.
Before Donald Trump won the 2016 election,
former President Obama was America's best gun salesman. Americans were panic buying firearms, as if the apocalypse was tomorrow, partly due to the fear of stricter federal gun laws. AR-15 style rifles and Glock pistols were some of the most popular items paranoid Americans had to have, and of course, ammunition, meal kits, water, and underground bunkers.
Glock Ges.m.b.H., the most popular handgun company in the world, experienced a rather sharp decline in sales during President Trump's first year in office. Bloomberg said
Glock sold 36% fewer pistols in 2017 and revenue fell 35% to 464 million euros, the company is located in Austria, as per its latest annual report. Net income declined 58% to 67.9 million euros, following massive profits in the Obama era.
Comment: There are always positive and negative effects of the use of the growing human database. It is best to be aware of both sides of the coin.
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