Aapl Q4 Earnings
• Revenue $114.5B vs Est. $113.4B • EPS $2.10 vs Est. $1.99 • China Revenue $17.5B vs Est. $18.6B • iPhone Revenue $57.6B vs Est. $56.5B • Mac Revenue $10.8B vs Est. $9.7B
By Kol Hamarket
Business
Kol Hamarket
Your daily dose of Money, Markets & Finance.
97% of US homeowners with a mortgage now have a rate below today’s market rate, per the Economist
In 2022, it was just 54%. That’s why the housing market is frozen: almost no one wants to sell and give up a cheap mortgage for one above 7%.
By Kol Hamarket
AI stocks in October
Intel: -45% CoreWeave: -37% Micron: -17% Google: -18.7% Dell: -21% AMD: -17.5% Marvell: -25.7% Sandisk: -34%
By Kol Hamarket
Anthropic will make 1,000+ employees worth more than $100M if it IPOs at a $2T valuation
That's every employee hired before 2024 3,000+ Anthropic employees will be millionaires Only SpaceX has minted more millionaires at 4,400
By Kol Hamarket
Wall Street expects a volatile midterm week
70% chance Fed hikes interest rates in December
By Kol Hamarket
The big 3 cloud platforms now generate $440B in annualized revenue
AMZN AWS: $184B (+39% YoY) MSFT Azure: $133B (+48% YoY) GOOGL Cloud: $123B (+103% YoY) AI demand is surging: Q3 AgentCore deployments doubled the previous 3 quarters combined, Bedrock token…
By Kol Hamarket
Amazon CEO Andy Jassy says we now has over 1 million robots in its fulfillment network and is exploring automation
At Amazon's scale, even small labor savings per delivery could improve retail margins.
By Kol Hamarket
The rich are getting richer, and the poor are getting poorer, per the Federal Reserve
Change in median net worth by income since 2022, after inflation: Top 10%: +31% 80th–90th percentile: roughly flat 60th–80th: +8% 40th–60th: +8% 20th–40th: -1% Bottom 20%: -6%
By Kol Hamarket
Intel stock, extends losses to -27% on the day, now on track for its biggest daily loss since 1974
This puts the stock down -53% from its June 30th record high. That’s $400 billion of lost market cap.
By Kol Hamarket
World’s biggest crypto exchange Binance was just hacked for $5.6 billion
The largest hack in crypto history.
By Kol Hamarket
Amazon posted a record 13.9% operating margin, with operating income up 61% to $28.1B
AWS contributed $17.8B, up from $11.4B; North America retail nearly doubled to $8.7B. Q4 operating income is forecast at $28.5B-$33.5B.
By Kol Hamarket
GOOG missed revenue estimates by $500 million
The market responded by wiping out $500 BILLION Make it make sense
By Kol Hamarket
