After the close of trading on Wall Street last night, Apple and Amazon they published the quarterly data, both positive for sales and earnings, but in the afterhours investors were divided and gave a negative vote for the former and a positive one for the latter.
Apple, the new iPhone 16 is doing well. In the afterhours -2%
The Cupertino company has beaten Wall Street's expectations regarding sales and profits in the fiscal fourth quarter, thanks to strong initial sales ofiPhone 16, a series of phones designed for the new functions of artificial intelligence. Apple’s fourth quarter ended on September 28, which means it reflects just a few days of sales of the new iPhone 16, which hit the market on September 20.
Apple has stated that the sales were $94,93 billion, beating Wall Street's target of $94,58 billion. Theearnings of $1,64 per share beat analysts' expectations of $1,60 per share. Sales of the iPhone overall, the company's flagship product, rose 5,5% to $46,22 billion, compared with analysts' estimates of $45,47 billion.
Below expectations, instead, the revenues for Mac, iPad, other products and services. The gross margin was 46,2%, against the consensus of 46%. The'adjusted profit per share rose 12% from a year earlier. Apple's CEO Tim Cook said to Reuters that iPhone 16 sales grew faster than iPhone 15 sales a year ago (on a like-for-like basis). For the full fiscal year, revenue increased about 2% to $391,04 billion; quarterly revenue increased 6%. In after-hours trading, following the quarterly earnings release, Apple stock fell around 2%.
Amazon solid thanks to the cloud division. In the afterhours +6%
Amazon is also doing well, thanks above all to growth in its cloud and advertising sectors.
Jeff Bezos's giant beat market estimates in terms of revenue, thanks to strong growth in AWS, Amazon Web Services, the company's cloud division, which recorded a 19% increase in sales to $27,5 billion.
Amazon reported earnings of $1,43 per share, versus expectations of $1,14.
su revenues of $158,88 billion, versus expectations of $157,2 billion. Operating profit rose 56% to $17,4 billion. For the fourth quarter, Amazon forecast revenues of $181,5 billion to $188,5 billion, for a one-year growth of 7% to 11%, versus the consensus of $186,2 billion. In after-hours trading, following the publication of the quarterly results, Amazon's stock gained 6%.
