San Francisco, United States —Amazon and Apple on Thursday reported earnings that topped market expectations, aiming for even better days ahead with the help of artificial intelligence .
“We’re going to continue investing and innovating and responsibly advancing our products with these technologies.” Bright spots for the tech giant included an “all-time high” in services revenue, comprised of the App store, Apple pay and Apple TV and other subscription services.Amazon reported a quarterly profit that trounced market expectations, driven by strong sales helped by its annual Prime discount event.
Order delivery speeds in the US were the fastest ever, with Amazon continuing to work on optimizing efficiency and lowering costs at fulfillment centers, according to the company. Revenue taken in by the Amazon Web Services cloud computing unit increased to $22 billion in a year-over-year comparison, but costs climbed as well, resulting in a lower operating income than in the same period in 2022.
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