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News Analysis

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Apple
Earnings
Tech Stocks
bullish
Trending
Apple Reports Record Quarterly Revenue Despite Economic Headwinds
Jul 28, 2023

Apple Inc. announced its financial results for the fiscal 2023 third quarter, reporting a record-breaking revenue of $94.8 billion. Despite global economic challenges, the tech giant saw strong growth in its services segment and continued demand for premium iPhone models.

Apple Reports Record Quarterly Revenue Despite Economic Headwinds

What this means for you

This news may positively impact your portfolio given your investments in tech stocks and Apple's large market cap weight in major indices.

Based on your interest in Technology
3 min read
Bloomberg
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Total Value
$6283.61
Current Holdings
AAPL
10 shares
$1898.40
$189.84/share
TSLA
5 shares
$1285.55
$257.11/share
AMZN
8 shares
$1069.44
$133.68/share
MSFT
6 shares
$2030.22
$338.37/share
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Financial News
Select a news item to see how it relates to stocks on your watchlist
Apple
Earnings
bullish

Apple Reports Record Quarterly Revenue Despite Economic Headwinds

Apple Inc. announced its financial results for the fiscal 2023 third quarter, reporting a record-breaking revenue of $94.8 billion. Despite global economic challenges, the tech giant saw strong growth in its services segment and continued demand for premium iPhone models.

Bloomberg7/28/2023
Federal Reserve
Interest Rates
bearish

Federal Reserve Raises Interest Rates by 25 Basis Points

The Federal Reserve raised its benchmark interest rate by 25 basis points, bringing the target range to 5.25%-5.50%, the highest level in 22 years. The central bank cited persistent inflation concerns while acknowledging progress in reducing price pressures.

Financial Times7/26/2023
Tesla
EV Market
bullish

Tesla Exceeds Delivery Expectations in Q2, Stock Surges

Tesla delivered 466,140 vehicles in the second quarter of 2023, surpassing Wall Street expectations of 445,000. The electric vehicle maker's stock jumped 7% on the news, as investors welcomed signs of strong demand despite economic uncertainty.

Reuters7/2/2023
Amazon
Healthcare
neutral

Amazon Announces Major Expansion into Healthcare Services

Amazon is significantly expanding its healthcare offerings with the launch of a new telehealth service and pharmacy delivery expansion. The move positions the e-commerce giant to compete directly with established healthcare providers and could disrupt the traditional healthcare market.

CNBC7/18/2023