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Tech Titans Apple, Amazon, Meta Lead Earnings, Navigating Tariff Hurdles

Published 6 hours agoAAPL
Tech Titans Apple, Amazon, Meta Lead Earnings, Navigating Tariff Hurdles

Apple, Amazon, and Meta Platforms have made significant strides in their recent earnings, leading the pack in an active earnings season. Apple reported a 4% increase in earnings per share, with sales hitting $58.31 billion, surpassing expectations for its fiscal second quarter. Amazon's revenue soared by 26% to $75.5 billion, while Meta's earnings shot up by 203%, with a corresponding 25% increase in revenue growth as reported by inkl.com.


Despite these successes, challenges loom, with Apple's iPhone revenue declining and Amazon falling short on earnings, partly due to anticipated $4 billion COVID-related expenses in the coming quarter. Apple's decision not to offer guidance for the next quarter highlights the economic uncertainties. Meanwhile, Meta announced a significant share buyback program and saw a 17% stock surge following its results.


President Trump's tariffs, including 25% on imports from Canada and Mexico and 10% on goods from China, have notably impacted market dynamics. Companies like Apple, with considerable production in China, face rising costs, spurring discussions on potential supply chain adjustments. Tariff-induced volatility saw tech leaders like Apple and Amazon contributing to market declines, as reported by thestreet.com.

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