Apple released its quarterly earnings results on October 27th, 2021. Its revenue for the quarter was up 28.9% on a year-over-year basis.
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Shares of Amazon fell more than 4% in extended trading Thursday after the company reported weaker-than-expected third-quarter results and disappointing forecasts for the critical holiday season. Read more.
Apple has unveiled its M1Pro and M1Max chips, which are used in the new MacBook Pro laptops. Apple says the M1 Max chip is the most powerful the company has ever built, with 57 billion transistors. Read more.
Fed chair Powell addressed the elephant in the room on Friday, tapering will take place and it won’t be at the same time as when they decide to raise interest rates. Apples earnings and revenue remain positive as earnings and revenue surpassed expectations in last months earnings reports. Apple was up 0.72% on Friday’s close. Read more.