Below you will find pages that utilize the taxonomy term “AAPL”
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Amazon (AMZN) Up 8%, Apple (AAPL) Down 6%: AWS Grew 37% While Apple Guided Gross Margin Down to 47%
Both companies beat on the top and bottom lines on Thursday evening. Amazon closed the regular session at $235.50 and traded up to roughly $252 after hours, a gain of about 7% at the print and 9% at the peak. Apple closed at $333.43 and traded down to roughly $312, a decline of more than 6%. The divergence had almost nothing to do with the quality of the two beats and almost everything to do with a single input cost that both companies discussed at length: DRAM.