November 1, 2024 - liquidityledger.com

Apple reports better-than-feared financials, emerging iPhone 16 demand

Apple late Thursday delivered a quarter that can only be described as much better than feared. It wasn't perfect, but it was pretty darn good. Revenue in Apple's fiscal 2024 fourth quarter, which ended in September, grew 6% year-over-year to a September quarter record of $94.93 billion – outpacing...

Amazon crushed e-commerce and cloud, forecast strong holiday quarter

Amazon reported a much better-than-expected third quarter Thursday, with strong growth across online sales, its cloud business and advertising. Margin initiatives lead to soaring profits. Additionally, the fourth-quarter forecast was exactly what was needed to keep investors happy. Revenue increased 11% year over year to $158.88 billion, beating expectations...