#economy
With all those sales warning and downfall and economic contraction, the big tech profit declaration should reflect the worsening condition, right? Wrong.
Apple posts 11% sales increase and $60b revenue in this covid quarter. Amazon posts record $5b profit.
APPL share price has risen so much that they declared a 1:4 share split. "Never bet against APPL" Still holds true.
And historically AMZN had always a razor thin profit, until now.