Amazon and Apple post mixed results as economic slump impacts demand

By Ellis Hawthorne2023-02-03T07:29:00

Amazon and Apple have both posted mixed results for the fourth quarter as the economic slump dampened demand.

Amazon reported higher-than-expected net sales during the quarter for its online retail business and cloud computing services but delivered weaker than anticipated profits, while Apple missed Wall Street’s expectations for profit for the first time in seven years.

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