05 May 2022 1 min
Earnings report by Tsitso Koneshe
Submitted by: Mark Zikode CNBC news Save to InstapaperTsitso Koneshe reports:
Apple reported an amazingly strong set of results, and made Amazon look even worse after delivering a weak seat of results.
What happened?
Apple had blowout earnings, with sales for every product up, a record number of iPhone users, meaning a bigger audience for Apple services like Apple TV and Music.
Growth from services was up 17% yoy and overall growth up 9%. And yet the stock fell on future supply chain woes.
Meanwhile, Amazon’s AWS did excellently with revenue growth of 37% yoy. Sadly, the rest of its product suite did not match up with its ecommerce revenue at just 3%. This sent the stock tumbling.
The question is how will you trade these giants when the US market opens?
Total Words: 126
Published in Business, Economy, Finances, Banking and Insurance
The Pulse Updates
- Xlink Crowned Technology Company Of The Year At The Africa Tech Week Awards 2025 (June 5, 2025)
- Celebrate International Day Of Play With The Weirdest (and Most Wonderful) Toys Of 2025 (June 4, 2025)
- Switching On The Future - Landmark Electricity Expo Comes To Joburg (June 3, 2025)
- Timeless, Bold, And Distilled With Care - Just Like Dad (June 2, 2025)
- New Report Reveals Msme Funding Realities In South Africa – And What Must Change (May 30, 2025)