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Apple Reports Second Quarter Results

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Re: Apple Reports Second Quarter Results

#3

Post by vasco »

When people ask why the stock market isn't in the dumps when it feels like the whole economy is stopped, this is why. Small business isn't on the S&P, and out of the businesses in it, a large percentage of the market value is concentrated on the tech giants who aren't getting nearly as affected by the current crisis as everyone else. If they don't actually benefit from it. Still super impressive results.

Re: Apple Reports Second Quarter Results

#5

Post by xkjkls »

vasco wrote: post #3

When people ask why the stock market isn't in the dumps when it feels like the whole economy is stopped, this is why. Small business isn't on the S&P, and out of the businesses in it, a large percentage of the market value is concentrated on the tech giants who aren't getting nearly as affected by the current crisis as everyone else. If they don't actually benefit from it. Still super impressive results.

Also, the S&P 500 about 20% just the five largest tech companies by weight: https://www.slickcharts.com/sp500

Re: Apple Reports Second Quarter Results

#6

Post by aritraghosh007 »

Jonnston wrote: post #4

I wonder what amazon’s report is going to look like. Only half an hour until they release

They already did, lower earning but higher revenue. Also, AWS topped $10B/qtr for the first time. https://s2.q4cdn.com/299287126/files/doc_financials/2020/Q1/...

Re: Apple Reports Second Quarter Results

#7

Post by kgwgk »

Steve886 wrote: post #2

The top-line rose by 1%. International sales accounted for 62% of the quarter’s revenue. Key highlights in four charts: https://news.alphastreet.com/apple-q2-2020-earnings-aapl-sto...

> The top-line rose by 1%

0.5%, with services (+17%) and wearables/home/accessories (+23%) offsetting the decline in iphones/ipads/macs.

Re: Apple Reports Second Quarter Results

#8

Post by qwerty2020 »

vasco wrote: post #3

When people ask why the stock market isn't in the dumps when it feels like the whole economy is stopped, this is why. Small business isn't on the S&P, and out of the businesses in it, a large percentage of the market value is concentrated on the tech giants who aren't getting nearly as affected by the current crisis as everyone else. If they don't actually benefit from it. Still super impressive results.

Effects were also only included in ~2-3 weeks of Q1 earnings.

Re: Apple Reports Second Quarter Results

#9

Post by kgwgk »

vasco wrote: post #3

When people ask why the stock market isn't in the dumps when it feels like the whole economy is stopped, this is why. Small business isn't on the S&P, and out of the businesses in it, a large percentage of the market value is concentrated on the tech giants who aren't getting nearly as affected by the current crisis as everyone else. If they don't actually benefit from it. Still super impressive results.

The current crisis doesn’t overlap much with the first quarter.
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