Earnings for most of Big Tech are out and the group delivered even bigger profits than Wall Street anticipated. The bad news: the outlook for repeat performances in the fourth quarter dimmed. Apple, Alphabet, Meta and Tesla all gave investors reason to fret about growth. From Apple s muted holiday outlook to Alphabet s lacklustre cloud computing sales results, a recurring theme for the cohort was caution. Meta warned that the year ahead is looking less predictable, while Tesla raised concerns that demand for electric cars is starting to weaken.
This outsized influence that the Magnificent 7 have over the indexes is jone of many reasons that Big Tech earnings reports will be some of . READ MORE
Since late July, five major tech companies from the United States released their earnings reports. Among them, Amazon AMZN, Facebook-parent Meta META and…
performance in china. i asked tech analyst dan ives why us china tensions have not dented consumer sentiment. i think if you look at the share gains, we estimate about 300 bits of share gains in china from apple, and that s really been the hearts and lungs of the growth story for apple, and i think that is something that we see across big tech earnings, is a lot of fear going into big tech earnings. it s been a lot better than expected. that s a big reason that we have seen that green in the market, in terms of nasdaq. but in terms of apple s revenues, though, from the iphones, mac and ipads, basically all their major products, they were down in this most recent earnings. should that be concerning investors? in my opinion, it is all really about iphones, it is all about the iphone 15. that is to leave the focus going into this next six