This performance comes one day after the collapse of the parent company of Facebook, Meta Platforms Inc. which forecast a weak quarter and a significant rise in costs next year as investors expressed skepticism about the company’s pricey metaverse bets.
The actions of Apple Inc gained 7.6%since the rfourth quarter results of the iPhone manufacturer showed some endurancealthough he warned that the revenue growth could come under pressure in the December quarter.
Amazon Inc. joined other big tech companies that disappointed investors this week to forecast a slowdown in sales growth for the holiday season amid a blow to consumer purchasing power.
The Actions of the online retailer plummeted 6.8%at a time when it is about to lose his spot in the trillion-dollar company club.
The roles of other large-cap technology companies such as Microsoft, Meta Platforms Inc and Alphabetthe parent company of Google, which reported disappointing results earlier this week, they were trading on the rise.
Big tech profits are seen as a important test of firm strength Americans in the face of inflation at multi-decade highs, with only Apple’s report being seen as the only bright spot.
“Apple has not cracked like the rest of the technology companies and shows how it can be done,” Ben Barringer said, Quilter Cheviot in dialogue with Reuters. “Although we should expect a slowdown in the next earnings report, the company is still holding up well, unlike its big tech rivals.”
Source: Ambito
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