To nine months. And that is the key to how the Apple Growth Story Plays Out Stop , plays out. Interestingly, the other servers went up also what are the other services . Overall Services Continue to be strong, a key part of apple growth story, and really that is something they are building out further and further. Youre going to also have, going into this next year, cloud, i think app store, if you look at that, that continues to uptick. That has been a big part of what i call the re rating of apple stock. Meanwhile, Retail Giant Amazon has reported a quarterly profit that smashed market expectations. For 02, that came in at 6. 7 billion, eclipsing forecasts. In fact, this was amazons biggest earnings reveal since the last quarter of 2020. My colleague Michelle Fleury with more. Amazons results show its firing on all cylinders. It turned in a strong Online Retail performance and registered higher sales at its Cloud Computing business. Revenue for the Second Quarter rose ii . Investors
You represent and upgraded in four years, upgraded infouryears, and thatis upgraded infouryears, and that is the key to how the apple growth story plays out stop plays out. Plays out. Interestingly, the other plays out. Interestingly, the other servers plays out. Interestingly, the other servers went plays out. Interestingly, the other servers went up | plays out. Interestingly, i the other servers went up also what are the other services . 0verall Services Continue to be strong, a key part of apple plasma growth story, and really thatis plasma growth story, and really that is something they are building out further and further. Youre going to also have, going into this next year, cloud, ithink have, going into this next year, cloud, i think app store. If you look at that, that continues to uptick. That has been a big part of what i call the re rating of apple stock. I want to ask you about apples plan for artificial intelligence, because the company has said it wanted to grade its own
Out stop , plays out. Interestingly, the other servers went up also what are the other services . Overall Services Continue to be strong, a key part of apple growth story, and really that is something they are building out further and further. Youre going to also have, going into this next year, cloud, i think app store, if you look at that, that continues to uptick. That has been a big part of what i call the re rating of apple stock. Meanwhile, Retail Giant Amazon has reported a quarterly profit that smashed Market Expectations for q2. That came in at 6. 7 billion, eclipsing forecasts. In fact, this was amazons biggest earnings reveal since the last quarter of 2020. My colleague Michelle Fleury with more. Amazons results show its firing on all cylinders. It turned in a strong Online Retail performance and registered higher sales at its Cloud Computing business. Revenue for the Second Quarter rose ii . Investors liked what they heard. Shares in the seattle based company, already up 50
This really was a case of the tide lifting all boats. but it also shows that amazon s cloud business is still the king of thejungle, the dominant player, both for the whole industry and also internally. it accounts for 70% of amazon s operating profit this quarter. as for wall street s current obsession with all things ai, well, amazon said it was continuing to develop new technologies to help customers take advantage of generative ai. take a step back and these numbers show that amazon, along with the other big names in tech, are starting to bounce back after a tough 2022. michelle fleury reporting there. in other news this morning, india has slapped a licensing requirement for the imports of certain electronics devices like laptops, tablets and pcs. new delhi has given no reason for the move. but it comes as the government has been promoting local manufacturing and discouraging imports under
Cloud business is still the king of thejungle, the dominant player, both for the whole industry and also internally. it accounts for 70% of amazon s operating profit this quarter. as for wall street s current obsession with all things ai, well, amazon said it was continuing to develop new technologies to help customers take advantage of generative ai. take a step back and these numbers show that amazon, along with the other big names in tech, are starting to bounce back after a tough 2022. michelle fleury reporting there. in other news this morning, india has slapped a licensing requirement for the imports of certain electronics devices like laptops, tablets and pcs. new delhi has given no reason for the move. but it comes as the government has been promoting local manufacturing and discouraging imports under prime minister narendra modi s make in india plan. turning our attention