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Amazon (NASDAQ: AMZN) holds a dominant 38% market share in U.S. e-commerce, far ahead of Walmart‘s 7%. Apple (NASDAQ: AAPL) leads the U.S. smartphone market with over 59%, while Samsung is second at 23%.
Amazon’s revenue grew by 13% in the last quarter, totaling $143.3 billion, while Apple experienced a 4% decline, totaling $90.8 billion, largely due to declining iPhone sales in China. Amazon Web Services (AWS) saw a revenue increase of 17% last quarter as the company invests in data center operations to support generative AI.
Apple recently introduced AI features through its Apple Intelligence solution, aimed at spurring hardware upgrades. Despite Apple’s stronger cash position of $68.6 billion compared to Amazon’s $8 billion, Amazon is perceived to have better growth prospects at this time. Amazon’s forward P/E ratio is above 40, while Apple’s is under 33.
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