Google, Apple, Amazon give investors reason to fret | Tech News

Google, Apple, Amazon give investors reason to fret

Wall Street has its eyes on big tech after some of the biggest companies in the world posted lackluster quarterly financial performances.

By:AP
| Updated on: Feb 04 2023, 08:37 IST
Google BEST apps of 2022 announced! Check out Tablets, Chromebooks, Wear
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1/5 Google says that 2022 marked the post-pandemic era for many across the world – and in India too, people once again opened themselves to the possibilities and experiences of the outside world while continuing to depend on digital solutions for support across many of their needs. (Unsplash)
Google
2/5 The winner of the Best Chromebooks app is BandLab – Music Making Studio, which is a free music recording and leading social music creation platform with more than 50 million users worldwide. (Unsplash)
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3/5 BandLab is an app that lets users share music, no matter their skill level or background. The app also has a multi-track Studio, a music maker that lets you record, edit, and remix your music. (Google Play Store)
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4/5 The best Tablets apps is the ‘Pocket: Save. Read. Grow.’ This app will help to capture the content that comes at you all day long, and curate your own space filled with only the topics you care about. You can save the latest stories, articles, news, sports, and videos from any device, and any publisher or app. (Google Play Store)
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5/5 Google announced the best for Wear apps is the "Todoist: to-do list & planner." The app is a delightfully simple yet powerful task planner. It will even provide a work-life balance kind of service. (Google Play Store)
Google
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Google, Apple, Amazon give investors reason to fret. (Reuters)

Wall Street has its eyes on big tech after some of the biggest companies in the world posted lackluster quarterly financial performances.

That included Apple Inc. The company posted its first quarterly revenue drop in nearly four years after pandemic-driven restrictions on its China factories curtailed sales of the latest iPhone during the holiday season.

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Amazon reported worse-than-expected fourth-quarter profits, but its revenue beat expectations boosted by sales in its cloud-computing unit AWS, which is also seeing a slow-down in growth.

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Google's parent company Alphabet posted a lower profit and a small revenue increase for last year's fourth quarter, as a decline in online ad spending and competition from rivals weigh on the search giant. While overall revenue grew, advertising revenue fell by nearly 4% and revenue at YouTube declined 8% year-over-year.

Amazon fell 4% and Alphabet fell 2% Friday. Apple bounced back 3% in midday trading.

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First Published Date: 04 Feb, 08:37 IST
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