Both tech companies beat Wall Street predictions on revenue in their second quarters
Apple and Amazon both released their second quarter earnings on Thursday, a test of investor confidence in major tech companies amidgrowing 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.
