Apple and Amazon Post Strong Second-Quarter Revenues
Both technology giants surpassed Wall Street revenue expectations in their second-quarter earnings reports, offering a test of investor confidence amid concerns over artificial intelligence spending.
Apple and Amazon released their second-quarter financial results on Thursday, beating Wall Street predictions on revenue as investors closely monitor big tech spending on artificial intelligence infrastructure.
Apple reported quarterly revenue of $109.4 billion, exceeding analysts' expectations of $108.65 billion. The company posted earnings per share of $2.02, supported by sales across its core hardware lineup, including iPhones and laptops.
Priya covers listed equities and corporate earnings, reading quarterly results and guidance for what they signal about sector health and forward valuations.
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