Google and Apple on Reported on Thursday pessimistic results for the last quarter of 2022 with Amazon exceeding expectations, but he warned that the coming months will be uncertain in difficult moment for Big tech.
the tech titans posted earnings like shares in Meta jumped after one day it got better results than expected and indicated spending cuts and jobs.
the results follow weeks of Unprecedented layoffs rounds in It is usually irreplaceable technology The sector is pessimistic about the economic outlook.
A tense mood was followed by a long incantation of of large size growth During the COVID-19 peak period when consumers are gone online for work, shopping and entertainment.
Big Tech calls from Apple, Amazon, and Alphabet paint a much different picture of demand environment Manal tech Bears hoped forWedbush tweeted analyst Dan Ives, referring to investors who Believes shares We are on Down path.
while earnings reports show There ‘caution in the airThere are signs that companies may be headed for Soft landing, and analyst added.
Google parent Alphabet revenue of $76 billion in Fourth of it quarter and profit of $13.6 billion below what made in same period a year previously, with share Falling prices more from 3% in after-market trade.
Google has stagnated in its critical ad sales, which were slightly better than analysts expected, according to data compiled by Factset.
“that it clear That after a while of Great acceleration in digital Spending during the epidemic, has become the macroeconomic climate more Sundar Pichai, CEO of Google said: in a earnings call.
Pichai last Month announced plan to put off 12,000 employees in in order to reverse the epidemic overEmployment and focus on new Special areas of artificial intelligence.
Google got caught off Guard by surprise rise of AI is as easy to use as ChatGPT, which is seen as a potential competitor to the popular search engine from Google.
Apple is the only United States tech giant who did not announced Great hairstyles for workers in recent weeks.
The world’s largest company in terms of market You mentioned the fall value in Quarterly revenue and earnings for the final Three months last yearand hit by a drop in sales of flagship iPhones.
Apple sales were hit By reducing production in factories because of China zeroCorona virus disease policy It was only recently uploaded.
COVID-19 related challengesThis is “significantly” reduced Apple supply of The iPhone 14 Pro and iPhone 14 Pro Max lasted most of the time of Apple CEO Tim Cook said in December 2022 on a earnings call.
Unprecedented circumstances
Apple’s revenues amounted to $ 117.1 billion, down 5.4% of a year since for The same quarter a year Earlier, missing what analysts expected.
“the world continue face Unprecedented conditions, from inflation to war in Eastern Europe, for lasting effects of The epidemic and us know “Apple is not immune to it,” Cook said.
Meanwhile, Amazon reported an inflation-fueled increase in Sales despite the company’s massive announcement round of Layoffs to correct for Gluttony in hiring during a pandemic when business growth slope up.
“during periods of Economic uncertainty, consumers are very anxious how They allocate their resources and where they choose to do so spend they money. We saw them spend less on Discretionary categories and conversion to lower prices items in Value brands in categories like Electronics,” the head of Amazon financial Officer Brian Olsavsky said on a earnings call.
Last month, the company said it would drop the order more More than 18,000 employees after the workforce swelled by 800,000 during peak years of epidemic period.
Amazon sales figures of $149.2 billion in the quarter It was better than initial expectations by analysts polled by Facttest, but so was its earnings took huge hitfalls near zero.
“Briefly termwe face Uncertain economybut we remain Very optimistic about the long term.term opportunities for Amazon CEO Andy Jassy said.
Big tech earnings The dump came a day after the Meta reported that quarterly sales fell 1%, which beat expectations, and announced this number of everyday users on Facebook hit Two billion for the first time.
Involved in Official Meta finished trading day up 23%.
Google and Apple on Reported on Thursday pessimistic results for the last quarter of 2022 with Amazon exceeding expectations, but he warned that the coming months will be uncertain in difficult moment for Big tech.
the tech titans posted earnings like shares in Meta jumped after one day it got better results than expected and indicated spending cuts and jobs.
the results follow weeks of Unprecedented layoffs rounds in It is usually irreplaceable technology The sector is pessimistic about the economic outlook.
A tense mood was followed by a long incantation of of large size growth During the COVID-19 peak period when consumers are gone online for work, shopping and entertainment.
Big Tech calls from Apple, Amazon, and Alphabet paint a much different picture of demand environment Manal tech Bears hoped forWedbush tweeted analyst Dan Ives, referring to investors who Believes shares We are on Down path.
while earnings reports show There ‘caution in the airThere are signs that companies may be headed for Soft landing, and analyst added.
Google parent Alphabet revenue of $76 billion in Fourth of it quarter and profit of $13.6 billion below what made in same period a year previously, with share Falling prices more from 3% in after-market trade.
Google has stagnated in its critical ad sales, which were slightly better than analysts expected, according to data compiled by Factset.
“that it clear That after a while of Great acceleration in digital Spending during the epidemic, has become the macroeconomic climate more Sundar Pichai, CEO of Google said: in a earnings call.
Pichai last Month announced plan to put off 12,000 employees in in order to reverse the epidemic overEmployment and focus on new Special areas of artificial intelligence.
Google got caught off Guard by surprise rise of AI is as easy to use as ChatGPT, which is seen as a potential competitor to the popular search engine from Google.
Apple is the only United States tech giant who did not announced Great hairstyles for workers in recent weeks.
The world’s largest company in terms of market You mentioned the fall value in Quarterly revenue and earnings for the final Three months last yearand hit by a drop in sales of flagship iPhones.
Apple sales were hit By reducing production in factories because of China zeroCorona virus disease policy It was only recently uploaded.
COVID-19 related challengesThis is “significantly” reduced Apple supply of The iPhone 14 Pro and iPhone 14 Pro Max lasted most of the time of Apple CEO Tim Cook said in December 2022 on a earnings call.
Unprecedented circumstances
Apple’s revenues amounted to $ 117.1 billion, down 5.4% of a year since for The same quarter a year Earlier, missing what analysts expected.
“the world continue face Unprecedented conditions, from inflation to war in Eastern Europe, for lasting effects of The epidemic and us know “Apple is not immune to it,” Cook said.
Meanwhile, Amazon reported an inflation-fueled increase in Sales despite the company’s massive announcement round of Layoffs to correct for Gluttony in hiring during a pandemic when business growth slope up.
“during periods of Economic uncertainty, consumers are very anxious how They allocate their resources and where they choose to do so spend they money. We saw them spend less on Discretionary categories and conversion to lower prices items in Value brands in categories like Electronics,” the head of Amazon financial Officer Brian Olsavsky said on a earnings call.
Last month, the company said it would drop the order more More than 18,000 employees after the workforce swelled by 800,000 during peak years of epidemic period.
Amazon sales figures of $149.2 billion in the quarter It was better than initial expectations by analysts polled by Facttest, but so was its earnings took huge hitfalls near zero.
“Briefly termwe face Uncertain economybut we remain Very optimistic about the long term.term opportunities for Amazon CEO Andy Jassy said.
Big tech earnings The dump came a day after the Meta reported that quarterly sales fell 1%, which beat expectations, and announced this number of everyday users on Facebook hit Two billion for the first time.
Involved in Official Meta finished trading day up 23%.