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Apple and Amazon deliver mixed results, Russian IT criminals ...
2024-08-02 05:50:09
Technology
Business

Apple and Amazon deliver mixed results, Russian IT criminals exchanged

Apple exceeded expectations with record revenue driven by services and successful comeback of iPads, but iPhone sales in China declined. Meanwhile, Amazon doubled its profits but disappointed in terms of growth and forecast.

The exchange of prisoners between Russia and the West, the largest since the fall of the Wall, included IT criminals and spies. In other news, the EU approves the acquisition of Juniper Networks by Hewlett Packard Enterprise, and Google Chrome releases a version secured against potential attacks.

Additionally, consumers can learn how to assert compensation claims for train delays in a podcast about customer caution. Overall, the tech industry is focusing on AI business, and Meta is benefiting from advertising revenue.

Related news on that topic:

Apple Reports Record Revenue Driven by iPads and AI Features

Apple has announced its record-breaking revenue for the June quarter, primarily due to strong sales of iPads and the success of AI features. However, China sales remain weak, impacting the overall iPhone business. Apple's upcoming release of Apple Intelligence in October aims to boost iPhone sales with improved AI capabilities. Additionally, the App Store is facing regulatory pressure. Meanwhile, Amazon also reported increased sales and profits for the second quarter, but fell short of market expectations. In international news, Russia and the West have conducted a major prisoner exchange, with Russia releasing IT criminals in return for prisoners held by the West. Lastly, the EU has approved Hewlett Packard Enterprise's acquisition of Juniper Networks without any conditions, potentially creating a new leading player in the networking market.

Amazon Stock Declines on Disappointing Sales Outlook

Amazon's stock dropped 5% as Q3 sales guidance missed estimates, despite exceeding EPS expectations. AWS showed strong growth, while advertising revenue fell short. Amid Big Tech earnings reports, including Microsoft, Alphabet, Meta, and Apple, investors are wary of significant AI spending. The company faces increased competition from ecommerce giants like Temu and Shein. The Q3 revenue and profit forecasts below expectations led to an 8% decline in stock price. Amazon is ramping up capital expenditures to boost AI and cloud services, aiming to stay ahead in the market. Major news events like the Olympics and political disruptions have impacted consumer spending habits, posing challenges in sales forecasting, according to Amazon's CFO. This uncertain landscape may also influence marketing strategies of other companies amidst ongoing economic pressures.

Read 31 more recent news on this topic

The press radar on this topic:

heise online
2. August 2024 um 04:15

Friday: Apple and Amazon with revenue growth, Russian IT criminals exchanged | heise online

Economy
Technology
Finance
Politics
Apple has released its quarterly figures. The company is growing mainly through services. The iPhone business is declining slightly due to weaker sales in China, but the iPad is enjoying a successful comeback. The new models this year are driving a strong increase in revenue in this area. Almost simultaneously, Amazon also presented its latest financial results. The world's largest online retailer is increasing its sales figures and earning more. Cloud business and advertising business continue..
DER SPIEGEL
2. August 2024 um 05:22

Amazon disappoints investors, Apple's iPhone revenue declines - DER SPIEGEL

Economy
Technology
Tech giants Amazon, Apple, and Microsoft have reported mixed results; stocks have fallen significantly in some cases; companies are hoping for revenue boosts from AI.
heise online
2. August 2024 um 02:32

Apple's Results: The Comeback of the iPad in Times of the China Crisis | heise online

Economy
Technology
Politics
Apple exceeded expectations in Q2 2024: Revenue $85.8 billion (+4.9%), operating profit $25.4 billion (+10.2%), cash flow $28.9 billion (+9.4%). iPhone revenue declined slightly, but services (+14.1%) and iPads (+23.7%) grew strongly. The iPad Pro M4 and iPad Air M2 were successful. Apple's software platform with generative AI is being expanded.
Big Tech - South China Morning Post
2. August 2024 um 03:20

Apple revenue tops estimates even as China sales remain slow | South China Morning Post

Economy
Technology
Politics
Finance
Apple reported record revenue for June quarter, driven by new iPads and AI features. China sales weak, but services business grew. Upcoming Apple Intelligence release in October, revenue model unclear. App Store faces regulatory pressure.
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