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Apple and Amazon Announced Their Balance Sheets

Burc Oran by Burc Oran
April 29, 2022
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Apple and Amazon announced their balance sheets
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Apple’s revenue in the first quarter increased by 9 percent compared to the same period last year to $ 97.3 billion, while Amazon reported a quarterly loss for the first time since 2015, despite increasing revenue.

Apple announced the balance sheets for the January-March period of 2022. According to the statement made by the company, the revenue of the company in the January-March period balance sheet of this year increased by 9 percent compared to the same period of the previous year and reached 97.3 billion dollars. The company had a revenue of $89.6 billion in the January-March period of last year. The company’s net profit, which was $23.6 billion in the same period of last year, increased by 6 percent to $25 billion.

The company’s earnings per share also rose from $1.40 to $1.52 during this period.

American e-commerce giant Amazon, on the other hand, reported a quarterly loss for the first time since 2015, despite increasing its revenue in the first quarter. According to the company’s statement, Amazon’s revenue in the January-March period of this year increased by 7 percent compared to the same period last year, reaching 116.4 billion dollars. Net sales of the company in the same period of last year were recorded as 108.5 billion dollars.

Announcing a profit of $ 8.1 billion in the first quarter of last year, Amazon announced that it made a loss of 3.8 billion in the same period of this year.

The profit per share of the e-commerce giant, which was $ 15.8 in the first quarter of last year, decreased to $ 7.6 in the first quarter of this year.

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