Apple reported a 11% year-on-year rise in revenue for the quarter ending June 27th to 59.7 billion US dollars. Although iPhone sales grew just 2%, services sales were up 15% and iPad sales leapt 31%. Source: Apple statement
Friday, July 31, 2020
Amazon Sees Extraordinary Growth
Amazon reported a 41% year-on-year increase in sales on a constant currency basis to 88.9 billion US dollars for the second quarter. One year ago the top line was growing at 20%. Sales in North America rose 43%, while sales at Amazon Web Services climbed 29%.
Amazon said it expects sales in the third quarter to grow between 24% and 33% to between 87 billion and 93 billion dollars, after an unfavourable impact of approximately 20 basis points from foreign exchange rates. source: Amazon statement
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