US EditionAmazon and Apple Benefit From "Hoarding Effect" Due to Import Tariffs - RetailDetail EU
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Amazon and Apple benefit from "hoarding effect" due to import tariffs - RetailDetail EU
Apple has sold significantly more iPhones in the last quarter, while Amazon‘s stores were also operating at full capacity. This is the result of a hoarding effect: American consumers wanted to make their purchases before the import tariffs took effect. Largest revenue growth in four years Apple sold 44.6 billion dollars (39 billion euros) worth of iPhones, while analysts had expected only 40.2 billion dollars (35 billion euros). A revenue growth…
In addition, we collect the latest news about Donald Trump's tariff offensive and the results of two of the world's largest companies, Apple and Amazon.
Apple saw its revenue increase by 10 percent year over year to $94 billion in the April-June period. Amazon saw its sales increase by 13 percent to $167.7 billion during the same period. Both companies saw significant increases in net profit.
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