Amazon is poised for it largest monthly advance since April 2020, while Apple is on course for its biggest monthly gain since August of that year.Īlphabet and Microsoft rose 0.5% and 0.6%, respectively, in premarket trading. Through Thursday’s close, shares of both companies have risen 15% in July. Also, restrictions on production in China eased at the end of the quarter, which “allowed some pent-up demand to be met,” he said. “Apple appears to be seeing no meaningful impact on its iPhone business in the current macro environment,” Piper Sandler analyst Harsh Kumar wrote in a research note. Meanwhile, Apple beat analysts’ revenue expectations thanks in part to higher iPhone sales at a time when global smartphone shipments are falling globally. in assuaging investor concerns by reporting higher revenue even as consumers curb their spending amid rising inflation.Īmazon jumped as much as 13% in US premarket trading, while Apple advanced 3%, before paring some of these gains.Īmazon expanded both its e-commerce and cloud-computing businesses, with Bloomberg Intelligence analysts noting that the company’s performance proves that “it is better positioned to weather inflationary pressures and benefits from a more-affluent customer contrary to Walmart.” are set to add about $220 billion in market value Friday after they joined technology peers Alphabet Inc. Digital Fundamentals PDF eBook, Global Edition (English Edition) eBook : Floyd, Thomas L.: Amazon.es: Tienda Kindle Selecciona Tus Preferencias de Cookies Utilizamos cookies y herramientas similares que son necesarias para permitirte comprar, mejorar tus experiencias de compra y proporcionar nuestros servicios, según se detalla en nuestro Aviso de cookies.
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