Apple Smashes Profits Record

Apple has smashed through the record for highest company profits in its latest results. Amazon, eBay and Facebook move higher, but Google disappoints

James Gard 2 February, 2018 | 12:13AM
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Apple iPhone X

Global technology company results are among the most hotly anticipated of the US earnings season. UK investors who don't directly own the shares may be forgiven for thinking these results don't affect them, but if you own a global equity fund, an ETF tracking the US stock market or even invest in a workplace pension, chances are, you are a shareholder of Apple, Amazon and Facebook.

Their products are also used by millions of people worldwide on a daily basis, and the company announcements often unveil futuristic new projects. Much press coverage before Facebook’s results, for example, focused on the prospect of the social media giant launching its own cryptocurrency.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Alibaba Group Holding Ltd ADR193.96 USD-1.81Rating
Alphabet Inc A2,700.29 USD-0.56Rating
Alphabet Inc Class C2,708.57 USD-0.81Rating
Amazon.com Inc3,352.69 USD-6.87Rating
Apple Inc144.71 USD-0.64Rating
Berkshire Hathaway Inc Class A421,570.23 USD0.21Rating
eBay Inc69.74 USD-5.00Rating
JPMorgan Chase & Co153.08 USD0.05Rating
Microsoft Corp284.98 USD-0.53Rating
Netflix Inc516.55 USD0.45Rating
PayPal Holdings Inc277.51 USD-2.00Rating

About Author

James Gard  is content editor for Morningstar.co.uk

 

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