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Apple, Amazon Look to Continue Strong "Mag 7" Earnings
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May 1, 2025
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5:37Now PlayingApple shares have clawed back a good portion of the ground they lost in the historic tariff-induced selloff last month, but that doesn’t mean investors are in the clear.
The company’s results, due after the market close on Thursday, come at a period of extreme uncertainty for the iPhone maker, which is caught in the swirling currents around trade policy and rising geopolitical tension. While tariff exemptions for smartphones and other electronics have so far allowed Apple to avoid the worst-case scenario, the situation remains in flux, further clouding the company’s prospects.
This earnings season has already seen a number of high-profile companies — including United Airlines, Skechers, and Snap Inc. — abandon their outlooks given the uncertainty.
Meanwhile Amazon garnered some unwanted headlines ahead its earnings, as Massachusetts Senator Elizabeth Warren released a letter slamming founder Jeff Bezos and his company, after the e-commerce giant denied it considered displaying tariff costs on some products.
Separately, Amazon plans to build dozens of warehouses to serve rural areas in the US before the end of next year, growing its footprint as the company works to rely less on other carriers.
The firm said it expects to have about 210 delivery stations up and running as part of a broad effort to establish a dedicated rural delivery network that began in 2020. It operated about 70 such facilities at the end of 2023, Amazon spokesperson Alexa Clark said, declining to specify say how many the company operates today. By the end of 2026, Amazon said, it will have invested $4 billion total in the project.
The largest online retailer has spent the past decade building a massive logistics operation that includes hundreds of warehouses in and around major cities and a network of bespoke contractors that hire drivers who pilot blue Amazon-branded vans.
Gene Munster, Deepwater Asset Management co-founder and managing partner, discusses his expectations for both sets of earnings and offers his outlook for the two tech giants. Gene speaks with Tom Keene and Paul Sweeney on Bloomberg Radio.
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