Amazon, Intel and Apple have released their financial position reports for the second quarter of 2022. All three companies did not do well on profitability, while Apple reported record revenue. Intel’s revenues are also falling along with profitability.
July was recorded as a month in which companies published financial status reports. Because the second quarter of the year ended with the beginning of July. now more than 3 companies financial statement has arrived. These companies; appleAmazon and Intel.
When we look at the statements made, we can say that Amazon and Intel are not smiling. Because both companies reported direct losses. Even Intel’s revenues fell. Apple, on the other hand, reported record revenue, but still failed to increase its profitability.
Apple announced record revenue!
Let’s start with Apple. Because the company last quarter reported record revenue. According to the official statement, Apple earned $83 billion in revenue in the last 3 months. It was a record. However, the situation is a little different when it comes to profitability. Although the company increased its net income by 2 percent, profitability dropped 11 percent. So much so that Apple’s profit was recorded as $ 19.4 billion in the last 3 months. Company CEO Tim Cook said he was pleased with this record revenue. Stating that they are trying to do something for everyone, Cook stated that the report also represents these studies.
Amazon made a loss while increasing its income!
E-commerce giant Amazon In the statements made by the company, we see that revenues have increased but no profit has been made. In this context; The money entering Amazon’s vault was recorded as 121.2 billion dollars, an increase of 7 percent year on year. But Amazon this quarter Lost $2 billion. The company announced a profit of $ 7.8 billion in the same quarter of last year. Amazon, which made a profit of $ 0.76 per stock lot last year, has lost $ 0.2 per lot this year.
Intel’s revenues also fell
Another company that shared the same fate as Amazon was Intel. So much so that this quarter $454 million He declared that he was hurt. In the same period of last year, Intel announced a profit of $ 5.1 billion. On the other hand; The company’s revenues have also fallen. The company’s revenue fell 22 percent. $15.3 billion declared as. The company said sales also fell in the past quarter.
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