Key Points
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Amazon’s cloud business is showing signs of recovery, with AWS reporting 20% year-over-year sales growth in Q3 2023.
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Apple is forecasting revenue growth of 10% to 12% for its upcoming quarter, bolstered by strong demand for the iPhone 17.
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Amazon has a cloud backlog of $200 billion, while its advertising segment saw revenues of $17.7 billion, a 22% increase compared to last year.
Amazon (NASDAQ: AMZN) reported significant progress in its cloud computing sector, with AWS achieving 20% growth in sales compared to Q3 of the previous year. This growth comes amid competitive pressures, but a $38 billion, seven-year deal with OpenAI indicates Amazon’s commitment to maintaining a strong position in the cloud market. The company also reported advertising revenue of $17.7 billion, a notable 22% increase, solidifying its diverse revenue streams.
Apple (NASDAQ: AAPL) is anticipating a revenue increase of 10% to 12% for the next quarter, primarily driven by strong demand for the iPhone 17. The company has struggled with revenue growth in the past few years, but strong device sales and a growing services segment indicate a positive outlook entering 2026. Apple continues to attract long-term investors with its robust dividend program, despite facing potential challenges related to manufacturing and tariffs.
