Big Сap Stocks: What’s New With Amazon and Apple?
Jun 20, 2023
Amazon.com, Inc., a global leader in e-commerce and cloud computing, was recently granted permission by Britain’s antitrust regulator to acquire iRobot Corporation, the developer of the Roomba vacuum cleaner, in a deal for $1.7 billion. The Competition and Markets Authority (CMA) concluded that the pending transaction would not result in any issues regarding the level of competition in the United Kingdom.
Nevertheless, antitrust regulators from the EU are also looking into it, and they will decide whether or not to clear the deal by July 6th. In addition, it is widely anticipated that the United States Federal Trade Commission would initiate an antitrust complaint against AMZN. In addition, analysts from Bernstein released an open letter to AMZN CEO Andy Jessy and the board of directors stating that the business has spent substantially in certain areas without seeing benefits.
For this reason, take a look at the movements of some of the company’s most critical financial metrics to have a better understanding of why it could be prudent to wait for a better entry point in the stock.
Is There a Lot of Interest in Apple (AAPL) Among Investors?
Apple Inc. is one of the well-known big cap stocks that is well-positioned for substantial growth in the long run as a result of the company’s continual breakthroughs in hardware, software, and services; but, the company appears to be grappling with financial issues at the present time. In addition to this, it is continuing to struggle against macroeconomic headwinds such as persistent inflation, reduced consumer demand, and increased concerns about recession.
The Apple Vision Pro, a new spatial computer that dynamically integrates digital material with the actual environment and propels creativity to unparalleled levels, was presented by the firm on June 5th. A little more than a week after unveiling the most significant product launch of the year, AAPL set a new all-time high in its stock price.
Despite the prohibitively high price tag of $3,499, industry experts believe the Apple Vision Pro can outsell other virtual reality headsets regarding market penetration. This is even though the Apple Vision Pro has a substantially higher price tag. This may be credited to AAPL’s remarkable design, steadfast dedication to its brand, and innovative technological capabilities.
Additionally, the corporation that is considered to be one of the big cap stocks has made additional headway in broadening the range of products it offers. It has only lately introduced a larger MacBook Air laptop along with high-end desktops that are specifically designed for 3D designers and programmers. The company also disclosed significant enhancements to the operating systems of the iPhone, iPad, and Apple Watch.
The Mac and iPad divisions of the corporation both experienced difficult times for the company. Parts shortages were a contributing factor in both markets seeing declines that were more severe than anticipated. The revenue from Macs came in at $7.17 billion, which was lower than the $7.80 billion that was anticipated, while the revenue from iPads was $6.67 billion, which was slightly lower than the $6.69 billion that was anticipated.
Shares of AAPL’s big cap stocks have increased by 7.2% over the past month and 37.5% over the past six months, reaching $184.92 at the close of the most recent trading session.