#BigTech / Amazon, Apple On Track To Rake In $100B In Q4

The 2020 holiday season could be a record-breaker for Amazon and Apple, both of which stand to report over $100 billion in revenue for the fourth quarter…

In results last week, Amazon predicted revenue forecasts of $112 billion to $121 billion for the period ending in December. Wall Street is looking for revenue of around $119 billion… Apple didn’t give a revenue expectation, but analysts expect the company to bring in revenue of around $101.6 billion on average…

The $100 billion mark, despite its prestige, isn’t unprecedented… Before 2013, ExxonMobil hit the mark numerous times, and Walmart has hit it consistently for decades. Exxon’s current revenue isn’t even close to that, being around $50 billion, although Walmart is expected to stay on track in the upcoming quarter with a forecast of $130 billion.

https://www.pymnts.com/news/ecommerce/2020/amazon-apple-on-track-rake-in-100-billion-dollars-q4