Apple and Amazon surprise with second-quarter earnings

by times news cr

2024-08-06 17:19:38

The American Giants Apple y Amazon reported better-than-expected net profits in the second quarter of the year, driven by cloud services and development in the area of ​​information technology. Artificial intelligence (IA).

In the case of Apple, it reported a net profit of 21.45 billion dollars between April and June – in the third quarter of its fiscal year – despite the fall in sales of the iPhone.

The Californian technology had sales of 85.78 billion dollars, more than the market analysts had expected, who expected about 84.4 billion dollars, according to the agency. Bloomberg, thanks in particular to an increase in sales of services.

Revenue was a new record for the quarter and up 5 percent from the same period last year, Apple CEO Tim Cook said in a statement. Cook added that the company looks forward to sharing new tools with users that involve Apple Intelligencein reference to its set of AI-framed functions.

“For better or worse, Apple has tied its AI efforts to other key parts of its core business, particularly the iPhone,” the analyst said. Emarketer, Jacob Bourne.

For its part, Amazon recorded a net profit of up to 13.5 billion dollars in the second quarter of the year, a much better result than expected by the market, driven mainly by its cloud business (remote computing) and AI.

However, the turnover of the online trading giant, with a turnover of 148 billion dollars (+10% in one year), disappointed analysts, who had expected slightly higher results.

Amazon shares lost more than 4% in after-hours trading. NYSE on Thursday, trading at $176.50.

Revenue from cloud computing unit AWS grew to $26.3 billion, according to the report by the profit figures.

2024-08-06 17:19:38

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