Apple vs. Amazon: Here’s how the tech giants are performing

June 18, 2021 09:43 AM PDT | By Kiran Murali

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Apple vs. Amazon: Here’s how the tech giants are performing — Image source: bluebay,Shutterstock

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Apple Inc. (NASDAQ:AAPL) and Amazon.com Inc. (NASDAQ:AMZN) are among the top technology heavyweights based in the United States.

Both the companies are worth trillions of dollars in the market. Apple’s stock is included in S&P 500 Index and Dow Jones Industrial Average, while Amazon is in the S&P 500.

We explore here how Apple and Amazon stocks performed in the market as well as their latest financials.

Apple’s stock performance

Apple has a market capitalization of US$2.199 trillion. The stock returned approximately 48 percent in the one year but is down 2.5 percent year to date. The stock rose 5.7 percent this month.

During the 52-week period, the share price rallied to a high of US$145.09 on January 25 from a low of US$86.29 in June last year.

Apple Financials

The California-based company’s net income doubled during its fiscal second quarter ended March 27, as revenue from services and Mac notched an all-time high.

Apple’s net income in the second quarter totaled US$23.63 billion, against US$11.25 billion in the year-ago quarter. Diluted EPS jumped to US$1.40 from 64 cents in the second quarter previous year.

Total net sales grew 54 percent year-over-year to US$89.58 billion. Sales of the iPhone, which generates more than half of the company’s revenue, came in at US$47.94 billion.

The company recently paid a quarterly dividend of 22 cents per share. The dividend represents a 7 percent increase from the previous quarter’s dividend. Apple has also increased its existing share buyback program by US$90 billion.

Apple expects its revenue in the fiscal third quarter to increase in strong double digits. The company had net sales of US$274.52 billion and a net income of US$51.41 billion during the fiscal year ended Sept. 26, 2020.

Source: Pixabay

Amazon’s stock performance

Amazon has a market value of US$1.76 trillion. Its share price surged 32 percent in the one-year period. The stock grew 6.7 percent year to date and is up 8 percent this month.

The stock rose up to US$3,554.00 in the 52-week period while it declined up to US$2,630.08 during the period.

Amazon Financials

In its first quarter ended March, the Seattle-based company saw net income more than triple as its e-commerce and cloud business grew faster.

Amazon’s net income during the quarter was US$8.11 billion, compared to US$2.54 billion in the first quarter of 2020. Diluted EPS came in at US$15.79, up from US$5.01 per share in the year-ago quarter.

The company is expecting second-quarter net sales of up to US$116 billion, a growth of up to 30 percent year over year, with Prime Day sales scheduled for June 21.

Meanwhile, Amazon agreed to buy MGM, Metro-Goldwyn-Mayer, for US$8.45 billion.

Amazon founder and CEO Jeff Bezos will step down from his role and become the executive chair. Andy Jassy, who heads Amazon Web Services, will replace Bezos to become its CEO in the third quarter.

In 2020, Amazon generated net sales of US$$386.1 billion while its net income totaled US$21.3 billion.

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