Market Overview - The U.S. stock market showed a rebound with S&P 500 futures gaining 0.7%, Nasdaq 100 futures surging 1.3%, and Dow Jones Industrial Average futures edging up 0.12% as of 5:14 AM ET, following a sharp decline on Thursday [10][21][22] - The early rally suggests a stabilization of market sentiment, driven by strong earnings from major tech companies [12][13] Company Performance - Amazon's shares soared 13% in premarket trading after reporting a third-quarter revenue of $180.2 billion, a 13% increase year-over-year, and earnings per share (EPS) of $1.95, exceeding Wall Street expectations [2][11][14] - Amazon's cloud division, AWS, experienced a 20% year-over-year revenue increase to $33 billion, indicating renewed enterprise demand despite a recent outage [2][11] - Apple also joined the rally with shares climbing nearly 3% after reporting $102.47 billion in revenue and an EPS of $1.85, surpassing forecasts and projecting a 10-12% revenue growth for the upcoming quarter [3][15] - Netflix announced a 10-for-1 stock split effective November 17, which generated additional buying interest in the streaming sector [4][13] Geopolitical Impact - A trade truce was agreed upon between U.S. President Donald Trump and Chinese President Xi Jinping, which includes a 10% tariff cut on certain Chinese goods and a pause on rare-earth export restrictions, easing months of trade tensions [5][16] - This geopolitical development contributed to a positive sentiment in U.S. markets [16][22] Broader Corporate Earnings - Mixed but resilient performance was observed across other companies, with Gilead Sciences reporting a 5% decline despite beating forecasts with an EPS of $2.47 on $7.77 billion revenue, while Reddit rose 1.7% with an EPS of $0.80 on $585 million revenue [4][24] - Western Digital jumped 8.3% after a strong earnings report, while Coinbase, Twilio, and Atlassian also gained following positive results [4][24] Commodity Market - Gold prices remained steady above $4,000 per ounce, trading at $4,019.40, reflecting a cautious market view on the U.S.-China trade truce as a temporary relief rather than a long-term solution [8][17]

Core Insights - The earnings reports from Apple and Amazon have generated positive reactions from investors, indicating strong performance in the tech sector [1] Group 1: Apple - Apple reported a revenue of $94.8 billion for the last quarter, marking a 2% increase year-over-year [1] - The company's net income reached $20.7 billion, reflecting a 3% growth compared to the previous year [1] - iPhone sales contributed significantly, with revenue hitting $51.3 billion, a 1% increase from the same quarter last year [1] Group 2: Amazon - Amazon's revenue for the last quarter was $143.1 billion, showing a 9% increase year-over-year [1] - The company's net income surged to $6.7 billion, a substantial rise from the previous year's $3.2 billion [1] - Amazon Web Services (AWS) generated $24.5 billion in revenue, representing a 12% growth compared to the same period last year [1]

Core Insights - Apple Inc. reported record iPhone upgrades in September, driven by strong demand for the iPhone 17 lineup, with several models facing supply constraints [1][5][6] Product Performance - The iPhone 17 lineup is described as the strongest ever, with the iPhone 17 Pro being highlighted as the most advanced model to date, and the standard iPhone 17 now featuring previously exclusive Pro series attributes, enhancing its value proposition [2][3] - Apple is reducing production of the iPhone Air model while increasing output for other iPhone 17 variants to meet high demand, with projections for the iPhone Air's production dropping below 10% starting in November [3] Market Dynamics - In China, Apple sees a vibrant market with increased store traffic year-over-year, and anticipates returning to growth in fiscal Q1 2026, driven by strong iPhone demand [4] - The company experienced a significant surge in upgrades from existing users, setting a September record for upgraders, although it is too early to determine trends among customers switching from competitors [5] Financial Performance - For the fiscal fourth quarter, Apple reported revenue of $102.47 billion, exceeding analyst expectations, with earnings per share at $1.85, also surpassing estimates [7] - iPhone revenue increased to $49.02 billion, up from $46.22 billion year-over-year, contributing to an overall revenue growth of 8% and a 13% increase in earnings per share [8]

Nvidia Corporation (NASDAQ:NVDA) has announced a deal to supply more than 260,000 of its cutting-edge AI chips to the South Korean government and some of the country’s major corporations.Key Partnership With Samsung, Hyundai, SK GroupNvidia’s latest AI chips will be utilized for the development of AI infrastructure in South Korea. The government is set to utilize over 50,000 of Nvidia’s most advanced chips, while Samsung Electronics Co Ltd (OTC:SSNLF), SK Group, and Hyundai Motor Group (OTC: HYMTF) (OTC: HY ...

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Core Insights - Tech giants Apple and Amazon have reported better-than-expected financial results, defying industry predictions [1] Company Performance - Apple's record revenue is attributed to strong iPhone sales, with total sales reaching $49 billion (£36.1 billion) during the July-September period, a 6% increase from the previous year [5][6] - Apple sold nearly 59 million iPhones globally in the same quarter, ranking second behind Samsung [5] - Amazon's financial success is driven by its cloud computing arm, Amazon Web Services (AWS), which saw revenue growth of 20.2% to $33 billion (almost £25 billion) [1][2] - AWS accounts for 60% of Amazon's total operating income [1] Financial Metrics - Apple reported earnings of $27.5 billion (£21.4 billion), or $1.85 per share (£1.44), nearly doubling its profit from a year ago [6] - Apple's overall revenue climbed 8% year-over-year to $102.5 billion (£80 billion) [6] Market Challenges - Both companies face challenges from tariffs imposed by Donald Trump, which have cost Apple $1.1 billion (£824 million) in the past quarter and are expected to cost another $1.4 billion (just over £1 billion) in the final quarter of the year [4][7] - Amazon has issued a cautious sales outlook for the fiscal fourth quarter, citing ongoing tariff impacts as a potential revenue obstacle [7] Industry Trends - The tech industry is increasingly integrating AI into operations to reduce costs and enhance productivity, despite significant job losses in US tech firms this year [8] - Federal Reserve Chair Jerome Powell indicated that the current AI boom is not a speculative bubble, as today's AI leaders are generating earnings [8]

Asian shares are set for a seventh consecutive month of gains on Friday, after upbeat earnings from Amazon and Apple buoyed Wall Street futures and the dollar hovered near three-month highs on uncertainty over further Federal Reserve rate cuts.Nasdaq futures jumped 1.2 per cent and S&P 500 futures gained 0.6 per cent as Amazon’s stellar earnings sent its shares up a staggering 13 per cent after the bell, which added more than $US300 billion ($A458 billion) to its market value. Apple also rose 2.3 per cent a ...

30 October 2025 | 5:02PM EDT Equity Research Apple Inc. (AAPL): F4Q25 First Take: EPS beat on Services, F1Q26E outlook beats on iPhone Bottom line: AAPL should trader higher on the Services beat and better-than-expected F1Q26E revenue growth guidance of 10-12% yoy (v. GS/consensus of +9%/+6%) including double-digit iPhone revenue growth (v. GS/consensus of +10%/+7%). Although F4Q25 iPhone revenue growth of 6% yoy missed GS/consensus by 4%/2%, the beat in Services revenue and strong gross margins across both ...

Apple painted a picture of a resilient U.S. consumer heading into the holidays in its Q4 earnings. On Thursday (Oct. 30), the company said iPhone demand drove a record September and guided to what it called its “best quarter ever,” with CFO Kevan Parekh saying Apple expects December‑quarter revenue to grow 10-12% year over year and iPhone to grow double digits. By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if appli ...

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