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The Guardian - US
The Guardian - US
Technology
Nick Robins-Early

Apple and Amazon report rising revenues as investors turn on some tech stocks

Apple Amazon Tim Cook John Ternus Nvidia Meta Tesla Inc.
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The Apple Store at Towson Town Center Mall in Maryland. Photograph: Andrew Harnik/Getty Images

Apple and Amazon both released their second quarter earnings on Thursday, a test of investor confidence in major tech companies amid growing concerns over exorbitant AI spending.

Apple revealed quarterly revenue of $109.4bn, beating Wall Street expectations of $108.65bn in revenue. It also reported $2.02 earnings per share, driven by sales of its marquee products such as iPhones and laptops.

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