Apple services grow but iPhone sales decline, Amazon reports best earnings since 2020
Edited By WION Video Desk
Published: Aug 04, 2023, 04:55 IST | Updated: Aug 04, 2023, 04:55 IST
Apple reported its April to June results that beat wall street expectations for both earnings and sales... But that was driven by stronger service sales that grew 8% on an annual basis. But Amazon saw its biggest earnings beat since its report for the fourth quarter of 2020. The blowout profit indicates that CEO Andy Jassy’s ongoing cost-cutting efforts are beginning to bear fruit.
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