—though the shift to staying home has boosted sales of Macs and apps, according to analysts.
The foremost question on many investors’ minds is whether Apple’s coming iPhone release will be delayed as a result of the pandemic. The company typically releases the iPhone in late September, but supply chain challenges earlier this year . Investors are eager to know whether any delay will affect whether the phone is available during the Christmas shopping season.Big Tech shares are rising, a sign that investors doubt tough antitrust action will be taken against Apple, Facebook, Amazon and Google's parent Alphabet, Capital Economics said.
U.S. regulators have gotten increasingly soft since the early 1980s, the research firm said, concluding that "a really significant regulatory push against, or break-up of, the big tech firms is highly unlikely." Ahead of the earnings reports, Apple is up 1%, Facebook 0.4%, Amazon 1.4% and Alphabet is 0.9% higher.Alphabet’s main business, Google’s mammoth digital advertising operation, may report its first ever drop in revenue, compared with a year earlier. Analysts estimate revenue fell about 4% in the latest quarter to $37.33 billion, according to FactSet.
with all the corrupt DC crowd on wall street and dc....I guess we are stuck with these stupid obese CEOs for a while....
Yes, obviously, with corrupt cops at the helm, deep state corruption, these monopolistic corrupted companies may be creative with their fake earnings reports all they want...
I hope they enjoy it before the pitch forks and torches come for them.
A great way to end the day.
The big four😭🙏🏾🙌🏾
The FED orgy of money printing has goosed the worst Ponzi in the history of mankind. Congrats! It will all end in sheer horror.
Can't stop growth, not in the economy and not in cultures. I had a wonderful chat I tonight with an amazing moroccan. Please check this fun talk out! It will definitely show how wonderful those people are and well mannered!!
Big Tech needs to be broken up fast. Fortunately the GOP has moved away from the free market cultism that plagued it from 1980-2012. We might get some antitrust measures soon.
The feds really need to get after Jack Dorsey.
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Source: BusinessInsider - 🏆 729. / 51 Read more »