[ad_1]
Bezos: “These are not normal circumstances: we hope to spend 4 billion or a little more on Covid expenses”
2 ‘reading
Apple reported sales and earnings that exceeded Wall Street expectations, with CEO Tim Cook showing satisfaction with sales in China, but also said it was impossible to predict overall results for the current quarter. The uncertainty created by the virus.
Increased revenue for Apple
Apple closes the second quarter of the fiscal year with a 1% revenue increase to $ 58.31 billion, above analyst expectations. Net profit was 11.2 billion, beyond market forecasts. Cupertino also announces a 6% dividend increase to 82 cents a share and a buyback program, which will be another $ 50 billion. Apple shares rise on Wall Street after trading hours, where they gain 1.43%.
Cook: we don’t make predictions
Apple does not report any guidance for the current quarter. “We do not make predictions about what we are going to do this quarter due to the lack of certainty and visibility” about what is happening, says Apple CEO Tim Cook. IPhone revenue fell 6.7% to 28.96 billion, while service revenue increased 17% to a record 13.35 billion. Apple’s revenue in Europe increased 9.5% to $ 14.29 billion, while China’s revenue fell 7.5% to $ 9.455 billion.
Billion dollars less in sales in China
Few US companies have been exposed to the spread of the coronavirus like Apple, whose iPhone sales declined in the March quarter, as device sales were only possible online in many countries. On the other hand, sales of services like content streaming have increased with billions of people locked up in their homes. China, from where the epidemic has spread, is an important market for Apple, which is worth about a sixth of total sales, and the country that houses the majority of the factories that work for the group. Sales in China stood at 9.45 billion, less than 1 billion compared to the previous year: a figure that augurs well for the end of the blockade in the world.
Increasing revenue for Amazon
Amazon closes the first quarter with 26% revenue at $ 75.5 billion, above analyst expectations. Net profit fell to $ 2.5 billion from 3.6 billion in the same period last year, while operating profit fell to $ 4 billion. For the current quarter, Amazon expects revenue of $ 75.0-81.0 billion compared to $ 77.93 billion expected by analysts.
