Apple, Amazon Earnings Preview: AI Capital Spending And iPhone Sales In Focus

Summary:

  • Apple and Amazon’s upcoming Q3 2024 earnings reports are in the spotlight.
  • Market participants are concerned about rising AI capital expenditures impacting profit margins.
  • Can Amazon rebound from a disappointing Q2?
  • Apple iPhone 16 sales in focus after strong debut in China.

Young Asian woman using smart phone while enjoying meal in a local restaurant during vacation

Images By Tang Ming Tung/DigitalVision via Getty Images

By Zain Vawda

Earnings Season Brings AI Capital Spending into Focus

Earnings season continues today with two more “Magnificent 7” earnings releases in the form of Apple (NASDAQ:AAPL) and Amazon (



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