Amazon Forecast A Bleak Outlook For Q2

Amazon forecast a bleak outlook for the second quarter after the delivery giant faced several challenges that led to higher costs. Amazon forecast second-quarter net sales between $116 billion and $121 billion, below analysts’ estimate of $125.5 billion. Despite the price hike for its fast-shipping club Prime, Amazon expects to lose up to $1 billion […]

Apple Faces Supply Problems Despite Record Profit In Q2

Apple has said it is facing supply problems in the current quarter that could hurt sales and slow growth. According to Apple Chief Financial Officer Luca Maestri, the ongoing war in Ukraine is having a big impact on sales after the company halted sales in Russia. Apple’s decision to suspend sales in Russia would further […]