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Apple services grow but iPhone sales decline, Amazon reports best earnings since 2020
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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