Big Tech: AI, Devices, and Dividends
From Nasdaq:
Apple had an OK quarter, with revenue up 2% and earnings per share up 16%. The company is showing promise in its services segment with an 11% increase, and concerns about future growth in the Chinese market. Apple’s Vision Pro device is now on sale at $3500, marking the beginning of their foray into augmented reality. Meta Platforms saw their shares rise 20% after reporting full-year results and announcing a $0.50 per share dividend. The company showed a 25% growth in revenue and a significant decrease in operating expenses. That’s been a major factor contributing to a 200% increase in earnings per share. Their headcount also decreased by 22%, a promising sign for future financial health.
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