Bloomberg News Now October 30, 2025: Apple Beats But China Revenue Misses, Amazon Cloud Growth, More
11 snips
Oct 31, 2025 Apple's latest earnings reveal strong overall growth, but a disappointing revenue drop in China raises eyebrows. Holiday forecasts spark a stock rally, while Amazon Web Services boasts its strongest growth in years, hinting at robust future prospects. Meanwhile, Netflix eyes a potential bid for Warner Bros. Discovery. The U.S. faces ongoing government shutdown challenges, compounded by concerns over economic resilience and debt risks. On a different note, the DOJ investigates fundraising practices linked to the Black Lives Matter movement.
AI Snips
Chapters
Transcript
Episode notes
Apple's China Drag Versus Strong Holiday Guidance
- Apple's Greater China revenue fell 3.6% to $14.5 billion, missing analyst estimates and showing regional weakness.
- The company still guided holiday-quarter revenue up 10–12%, signaling confidence despite China softness.
D.A. Davidson's Channel-Shift Explanation
- Gil Luria said China contributions to Apple are highly volatile and quarter-to-quarter checks can be misleading.
- He noted Apple likely sold more into the channel last quarter, causing the current quarter's decline.
AWS Growth Drives Amazon's Momentum
- Amazon Web Services posted $33 billion in revenue, up 20% year-over-year — its strongest growth in nearly three years.
- Analysts view AWS's growth as a key driver for Amazon's improving operating income and future momentum into 2026.