Apple and Amazon record stable quarters despite tariff saga but concerns loom for future results

Decent quarters but tariffs yet to hit

Both Apple and Amazon recorded growth in their latest quarterly results but the impact from President Donald Trump's tariffs still loom large.

Apple reported quarterly revenue of $95.1bn, up 5% year-on-year, with quarterly diluted earnings per share up 8% year-on-year, hitting $1.65. However, the firm also stated that the tariff changes will cost the firm $900m in the next quarter. Meta and Microsoft report booming revenues as AI drives earnings Amazon saw net income increase to $17.1bn in Q1 2025, or $1.59 per diluted share, compared with $10.4bn, or $0.98 per diluted share, at the same point last year. In addition, net sales increased 9% to $155.7bn in the quarter, compared with $143.3bn in Q1 2024. Mamta Valechha...