Technique giants Amazon and Apple set higher expectations results Thursday, bring some reassurance to earnings period weight down Because of inflation, economic turmoil and war.
busy period of results from the world’s largest tech Companies have been marked by errors and uncertainty – making them clear The pandemic-era boom has tended to deflate.
Amazon beats sales estimates to reach $121 billion in The quarter, the revenue climbed In its cloud computing platform Amazon Web Services, which brought in $5.7 billion. The market replied with a 12% jump in after, after-hours trading.
For Apple, product sales were $63.4 billion in a drop From the same period year Earlier, but the decline was more From made up for Through revenue from services that climbed to $19.6 billion, earnings The numbers showed.
Our June quarter results continued to prove our ability to manage business Effectively despite the challenge operating environment, said Luca Maestri, Apple’s chief financial officer in a permit.
Strong dollar recession fears, shrinking advertising budgets and inflation – headwinds are coming from everywhere direction at the moment.
“Amazon has managed really well with the range second quarter Despite difficult macro conditions and added cost weight on final result ” analyst Andrew Lipsman.
Both Microsoft and Facebook’s owner Meta have indicated the damage done to them business who is strong dollar: When US currency gains too much value, it can make products more expensive overseas Or corrode in a beneficial exchange rate.
The social media The giant pointed to the dollar role in company first year-on-year he won decline since going public in 2012.
Not much good news
In addition to rugged economic in general timesCompanies like Netflix and Meta are fighting hard competition of competitors – and both reported losing some ground.
Meta lost about 2 million users per month between the quarter, and Netflix shed nearly 1 million paying customers, which was less than expected.
However, Netflix stock is up About percent in The past five days, with Investors are likely to hope after the company predicted an upcoming recovery in subscribers.
Markets seemed similarly quiet despite Google parent Alphabet is missing on revenue and profits.
Silicon Valley Giant bad news Not unexpected, like the flow of online The advertising dollars that fuel the company’s fortunes have slowed as inflation, war and other problems have generally waned. economy.
“still, with enormous market share in Search advertising, Google has a relatively good position weather The raging waters that await us” analyst Evelyn Mitchell.
Advertisers have also tightened their belts, Apple’s privacy changes Bitten into corporate sales of costly But the highly targeted ads, the damage has been uneven.
The dead income has been beaten, and with a share price who lost it half Its value since February, it clear Investors are still worried about the company future.
Analysts note a 14% Meta report drop in modified price Every ad was a sharp change to come on higher of The first quarterwhen advertising prices fell by 8%.
“The good newsif we can call This, this is competitors in digital Ads also slow down” analyst Debra Aho Williamson.
snap chat parent a company, for For example, she mentioned that her loss in recently ended quarter It nearly tripled to $422 million, despite increasing revenue by 13% under “more Tough” than expected.
We are not satisfied with The results We offer, regardless of The current Headwinds,” California-based Snap in A letter to investors last week.
