Apple expects a decline

Source: Dukascopy Bank SA


Despite beating earnings expectations in the second quarter of 2023, Apple has reported bad news. The company has revealed that it expects sales to continue to decline in the third quarter of the year. This would mark a fourth quarter of sales decline.

The news caused an immediate decline of the stock in the aftermarket trading. On Friday, August 04, the stock price for Apple was expected to start the day with a 3.00% drop just above the $185.00 mark. The share price has been declining since July 27, when it hit a high level at $197.20.
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Fri, 04 Aug 2023 13:00:04 GMT

Amazon gains almost 10.00%

Amazon has published its second quarter results and third quarter forecasts. The company has rvealed that its cloud sales remain resilient and shopping trends are boosting earnings. The news caused an almost 10.00% surge of the company's stock price during pre-market hours. Shares were expected to start Friday's NYSE trading at $141.37, which would mark a 9.60% gain.

Tue, 01 Aug 2023 15:56:03 GMT

Toyota doubles profit

In the first quarter of 2023, Toyota Motor Corporation has managed to double its quarterly profit due to larger productivity and sales. In addition, the company's profits have increased due to the weak Japanese Yen, as costs are paid out in Yen, but most income is in foreign currency. The news have caused a 2.30% jump of the company's stock

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