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Apple & Amazon are about to Move!
Two of the world’s biggest companies Amazon and Apple are due to release Q1 earnings reports on 30-04-2010 after markets close. Amazon has been quick to profit from the COVID-19 lockdown, but Apple was more vulnerable to production problems.
Apple (AAPL) suffered as its Chinese production lines closed, but existing inventories covered the slowdown and new products are expected to be launched on schedule. Analysts are predicting a respectable EPS of $2.1 per share
Amazon (AMZN) saw a surge in online orders during the lockdown and used its massive distribution networks to supply health products. Analyst consensus is an EPS of $6.35 per share, but traders are hoping that it will go even higher!
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