Google, Apple, Amazon Report Earnings
Bloomberg Tech
Bloomberg
4.4 • 70 Ratings
🗓️ 3 February 2023
⏱️ 40 minutes
🧾️ Download transcript
Summary
Bloomberg's Caroline Hyde and Ed Ludlow break down Big Tech earnings with a focus on Alphabet, Apple and Amazon. Plus, Bloomberg's exclusive interview with the former US President of FTX on what went down before its collapse.
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Transcript
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| 0:00.0 | Join global business leaders and investors at the Bloomberg Sustainable Business Summit, returning to Singapore on July 31st. |
| 0:09.0 | Take part in solutions driven discussions on how to drive business value and unlock opportunity |
| 0:14.8 | while remaining nimble in times of change and greater ESG accountability. |
| 0:19.5 | Learn more at Bloomberg Live.com slash sustainablebiz Singapore. That's Bloomberg Live.com slash Sustainable Biz Singapore. |
| 0:23.7 | That's Bloomberg Live.com slash sustainable Biz Singapore. I'm Caroline Hyde at Bloomberg's world headquarters in New York. |
| 0:45.0 | And I'm Ed Lovelow in San Francisco. |
| 0:47.0 | This is Bloomberg Technology. |
| 0:49.0 | Three Giants of Global Technology, Caroline. |
| 0:51.0 | Three very disappointing earnings reports. |
| 0:54.0 | And will that put an end to quite the run-up in tech stocks that we've been seeing, Ed? |
| 0:58.3 | Let's get to it, the Juggernaut that is Apple. |
| 1:00.8 | It reports its first revenue decline since 2019, falling short almost across the board, |
| 1:06.1 | product-wise. |
| 1:07.1 | Plus, the rally stores, as Caroline said, in After Hours with Alphabet feeling the slowdown |
| 1:12.1 | in ad spend. We speak to the CFO. |
| 1:14.7 | And Amazon projects lackluster sales and slower cloud unit growth shares they're also |
| 1:19.9 | falling after hours. Let's get straight back to Apple and bring in Julie Ask, principal analysts at |
| 1:25.0 | Forrester research. |
| 1:26.0 | You look at the numbers, the sort of more deep weakness in that holiday quarter for Apple. |
| 1:31.6 | Perhaps it was that some new products weren't released |
| 1:34.5 | until the new year. |
| 1:35.3 | What was your takeaway from the print? |
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