Tech giants Apple and Amazon post double-digit revenue rises

TECHNOLOGY giants Apple and Amazon have exceeded expectations with results that surpassed Wall Street predictions, capping off a significant week of earnings from the globe’s most influential corporations.

- SASKIA KOOPMAN

Cook holds up a new iPhone 17 Pro

(Justin Sullivan)

Both firms delivered double-digit revenue growth and optimistic forecasts, easing investor concerns following a turbulent period for the broader technology sector.

While Apple announced a jump in iPhone sales, Amazon's recovery was powered by its cloud division, with both sets of results demonstrating strength despite tariff challenges, redundancies and speculation of an AI bubble circulating throughout Silicon Valley.