July was recorded as a month in which companies published financial status reports. Because the second quarter of the year ended with the beginning of July. Now, financial statements have been received from 3 more companies. These companies; It was Apple, Amazon and Intel.
When we look at the statements made, we can say that Amazon and Intel are not smiling. Because both companies reported direct losses. Even Intel’s revenues fell. Apple, on the other hand, reported record revenue, but still failed to increase its profitability.
Apple announced record revenue!
Let’s start with Apple. That’s because the company reported record revenue last quarter. According to the official statement, Apple earned $83 billion in revenue in the last 3 months. This was a record. However, the situation is a little different when it comes to profitability. While the company increased its net income by 2 percent, profitability fell 11 percent. So much so that Apple’s profit was recorded as $ 19.4 billion in the last 3 months. Company CEO Tim Cook said he was pleased with this record revenue. Stating that they are trying to do something for everyone, Cook stated that the report also represents these studies.
Amazon made a loss while increasing its income!
In the statements made by the e-commerce giant Amazon, we see that revenues have increased but no profit has been made. In this context; The money entering Amazon’s vault was recorded as 121.2 billion dollars, an increase of 7 percent year on year. However, Amazon lost $2 billion this quarter. The company announced a profit of $ 7.8 billion in the same quarter of last year. Amazon, which made a profit of $ 0.76 per stock lot last year, has lost $ 0.2 per lot this year.
Intel’s revenues also fell
Another company that shared the same fate as Amazon was Intel. So much so that the company announced that it made a loss of $ 454 million this quarter. In the same period of last year, Intel announced a profit of $ 5.1 billion. On the other hand; The company’s revenues have also fallen. The company’s revenue was announced as $15.3 billion, down 22 percent. The company said sales also fell in the past quarter.
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