Earnings from major technology companies show that the group is navigating the difficult economic environment better than smaller competitors, helping to rebound in share prices and reassuring investors about the outlook for the second half of the year.
Amazon.com Inc. and Apple Inc. intend to add nearly $170 billion in market value by joining technology peers Alphabet Inc. and Microsoft Corp. By reporting higher earnings even as consumers cut their spending amid rising inflation, companies are allaying investor concerns.
Amazon shares increased by 12%. This is the biggest increase since February 4th.
By the way, thanks to the marketplace, the income of Real Madrid has also grown significantly. The football club ranked first in Europe in terms of shirt sales on Amazon, with a 400% increase in revenue compared to 2018.
Fans can get acquainted with the statistics of the games of the Madrid team on the websites of bookmakers, including BC Marathona detailed review of which is presented at odds.ru.
Amazon has expanded its e-commerce and cloud computing business, with analysts saying the company’s performance shows it’s adjusting well to inflationary pressures, benefiting from wealthier customers, unlike Walmart.
Exceeded analysts’ expectations and Apple’s revenue. Thanks in part to stronger iPhone sales at a time when global smartphone shipments are falling worldwide. Of course, Apple reported an 11% decline in net profit, but the overall results were better than experts expected.
Shares of both companies rose by 15% in July. Amazon is gearing up for its biggest monthly gain since April 2020, while Apple is on track for its biggest monthly gain since August of that year.
Alphabet and Microsoft rose 0.4% and 0.6% respectively. This is the first positive month since March and also the biggest monthly gain since last October.
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