Apple Lags as Microsoft Sales Hit Highs: US Earnings Week Ahead
- Boeing may address safety lapses while reporting growing sales
- AI appetite, regulatory challenges in focus for tech giants
Apple iPhone 15 smartphone signage at the company's 5th Avenue store in New York.
Photographer: Jeenah Moon/BloombergThis article is for subscribers only.
Five of the so-called Magnificent Seven tech megacaps will report earnings this week, with artificial-intelligence investment, regulatory challenges and waning China demand among the shared themes in focus.
Along with Microsoft Corp., which just hit a historic $3 trillion market valuation, Alphabet Inc., Meta Platforms Inc. and Amazon.com Inc. are set to post record revenues for the quarter, underscoring the strength of the US economy. Even so, they are likely to be asked about further cost reductions after the significant job cuts they have each embarked on in recent weeks.