Welcome to the Tech Meme Right Home for Friday, August 2nd, 2024. I'm Brian McCullough today.

So Tech Earnings continued to be boring. Apple was fine. Amazon was not quite as fine and then someone we

don't cover closely really mess the bed I'll tell you who that was are we starting

to see the first next-gen AI startups I'll tell you about an interesting new model and of course the weekend long-range

suggestions. Here's what you missed today in the world of tech.

I was gonna say tech earnings season was back to being boring for us, but then somebody

went and spoiled it.

For example, starting with Apple, it was fine.

They bounced back a bit from the bad earnings of last quarter,

beating expected results in just about every category. I won't go through all the numbers.

They're basically what was expected, though iPad sales were up 24%. A new lineup can do that. And revenue from services

where the App Store, Apple TV Plus, and Apple Music All live rose 14% to 24.21 billion dollars a new all-time record. But Amazon was the first

to throw me a curveball. Amazon shares are down 12% as I write this although

the overall market is down quite a bit as well.

Again, I don't know that going into the numbers is that important,

but let's just say the street was not pleased by the forecasted Q3 revenue,

which came in below estimates also Amazon reported slowing online

stores sales growth of just 5% year over year in Q2 versus a growth of 7% in

Q1 quoting quoting investors' business daily.

Amazon also projected lower operating income for the current quarter than Wall Street expected.

The company guided for operating income of $13.25 billion at the midpoint of its range

for the September quarter compared to analyst expectations of 15.3 billion.

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