WSJ Tech News Briefing
TNB Tech Minute: Apple, Amazon Beat Sales Forecasts
May 1, 2025
Apple and Amazon have reported impressive quarterly revenue that surpassed Wall Street's expectations. Meanwhile, Tesla's board is actively seeking a successor for Elon Musk amidst shifting market dynamics. The discussion delves into the strategic changes and legal challenges that these tech giants face, highlighting their resilience and adaptability in a competitive landscape.
03:23
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Quick takeaways
- Apple's quarterly revenue increased by 5 percent to $95 billion, driven by strong demand and strategic shifts in device shipments.
- Amazon reported a 9 percent revenue growth leading to $17.1 billion profit, while planning a $4 billion investment to enhance delivery networks.
Deep dives
Apple's Strategic Moves Amid Tariff Uncertainty
Apple reported a 5 percent increase in sales last quarter, reaching $95 billion, driven by strong demand influenced by President Trump's tariff policy and the introduction of the lower-end iPhone 16e model. To address investor concerns regarding potential tariff-related profit reductions, Apple is shifting the majority of its device shipments to the U.S. from India and Vietnam. However, the company is currently facing legal challenges, as a federal judge accused it of willfully ignoring a prior ruling requiring the acceptance of alternative payment methods outside its App Store. Although Apple plans to comply with the court's order and appeal the decision, this situation adds pressure to its operations and investor relations.
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