AMZN Crushes Earnings, AAPL Disappoints (But Not Really)

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NASDAQ:AMZN
NASDAQ:AMZN

Amazon and Apple both reported earnings after the bell on Thursday, and the results were mixed. Amazon crushed expectations, while Apple was disappointed.

Amazon

Amazon reported earnings of $15.75 per share on revenue of $137.4 billion. Analysts were expecting earnings of $12.33 per share on revenue of $136.9 billion.

The company’s cloud computing business, Amazon Web Services (AWS), was the star of the show. AWS revenue grew 37% year-over-year to $53.4 billion.

Amazon’s e-commerce business also grew but at a slower pace. E-commerce revenue grew 17% year-over-year to $86.4 billion.

Apple

Apple reported earnings of $1.52 per share on revenue of $123.9 billion. Analysts were expecting earnings of $1.43 per share on revenue of $123.7 billion.

The company’s iPhone business was the weakest link. iPhone revenue grew just 3% year-over-year to $50.5 billion.

Apple’s other businesses, such as the Mac, iPad, and wearables, grew at a faster pace. Mac revenue grew 16% year-over-year to $10.4 billion. iPad revenue grew 12% year-over-year to $7.3 billion. And wearables, home, and accessories revenue grew 14% year-over-year to $14.7 billion.

What does it all mean?

Overall, Amazon’s earnings were a blowout, while Apple’s were a bit disappointing. However, it’s important to keep in mind that Apple’s iPhone business is still its largest and most important business. And while iPhone revenue growth is slowing, it’s still growing.

So, while Amazon’s earnings were more impressive, Apple’s results were still solid. And both companies are well-positioned for the future.

Let’s not be dramatic

While Apple’s earnings were not as strong as some were hoping for, they were still solid. And the company’s long-term growth prospects remain strong.

Apple is still the world’s most valuable company, and it has a strong track record of innovation. The company is also well-positioned to take advantage of the growth of the mobile computing market.

So, while Apple’s earnings were not a home run, they were still a solid performance. And the company is still well-positioned for long-term growth.thumb_upthumb_downtuneshareGoogle it

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