Amazon And Apple Reported Results

Amazon And Apple Reported Results

over 3 years ago2 mins

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Apple and Amazon might seem like they’re just too different, but they make quite the pair: both tech giants reported better-than-expected results late on Thursday 👯‍♂️

What does this mean?

This new lifestyle may be wearing thin for the rest of us, but Amazon’s pretty happy with the new normal: its ecommerce business is booming as folks do more of their shopping online, while its super-profitable cloud segment is thriving thanks to home working. And while COVID-related expenses for the rest of the year came in higher than expected, its revenue outlook did too.

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Apple posted its own higher-than-expected results, but one crucial area didn’t live up to predictions: iPhone sales 📱 That’s probably because of a delay in the launch of the newest version, whose sales weren’t taken into account. Apple didn’t even give a forecast for the rest of the year – which might’ve at least given frustrated investors a hint about how sales have been faring so far.

Source: The Wall Street Journal
Source: The Wall Street Journal

Why should I care?

You might’ve noticed that Google is the default search engine on every iPhone, which is down to a deal that’s allegedly worth $10 billion a year to Apple 🍏 What you might not have noticed is the backup plan Apple’s been rolling out since the US government took issue with that deal last week: the company’s started pushing its users toward its own search technology – potentially with one eye on creating an alternative to Google.

Even logistical whizz kids like Amazon have big challenges to overcome this holiday season: analysts are expecting retailers to experience at least 25% more online sales than last year 🎁 The sharp uptick in orders could make it difficult for retailers to get gifts out on time and drive up costs, which might be why the shopping season’s starting even earlier than it normally does.

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