Apple (AAPL-US) and Amazon (AMZN-US) on Thursday (28th) both announced lower-than-expected earnings performance and a pessimistic outlook, causing the two companies to fall more than 5% after the market, and their market value evaporated by more than 2,000. One hundred million U.S. dollars.
Apple announced its financial report for the fourth quarter of fiscal year 2021 (as of 9/25). Affected by supply bottlenecks, overall revenue and iPhone sales were lower than expected. Only iPad and service revenue performed better than market expectations.
Amazon’s third-quarter revenue in fiscal 2021 also disappointed the market, reflecting that the slowing of the epidemic has slowed down the momentum of e-commerce demand, resulting in a decline in revenue growth. Only AWS’s strong growth supported the market, and the business created US$4.88 billion in operating benefits. Considering this sector, Amazon will see a loss this season.
Apple’s market value at the close on Thursday was approximately US$2.52 trillion. According to the calculation of the shares outstanding at the close, the company’s market value fell by approximately US$126.1 billion after the market closed. The market value of Amazon once evaporated by more than US$87 billion.
Apple rose 2.5% on Thursday, and fell 5% after the market. Before the deadline, Apple fell 3.77% after the market to $146.83 per share.
Amazon earlier closed with a gain of 1.59%, and fell 4.01% after the market to $3360.45 per share.
In addition to the slowdown in e-commerce demand, Amazon also warned of cost issues. The company said that it will bear up to 4 billion US dollars in additional costs in the fourth quarter. Peak season revenue is estimated to be as high as 140 billion US dollars, and it will almost run out of profits.
Apple is facing the challenge of supply chain bottlenecks. Chief Executive Tim Cook said that supply chain issues and the pandemic disrupted production in Southeast Asia, which had a greater impact than expected in the fourth quarter, although the output of Apple’s Southeast Asia plant had improved significantly before the end of October. , But the chip shortage has not ended yet, and Apple’s “most products” are still affected.
