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The largest technology companies disclose their results in the fourth quarter of last year


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A number of large technology companies have disclosed their financial results for the last quarter of 2022.

Apple announced a decline in revenue for the last three months of last year due to declining sales of iPhone smartphones.

The company’s revenue for the period from October to December was $117.2 billion, down 5% from the same period in 2021.

As for Alphabet, which owns Google, earnings for the same period were below expectations.

The company’s revenue was $76 billion and profit was $13.6 billion, which is less than in the same period last year. Its share price also fell by more than 6%.

And giant Amazon performed better than expected as the company was able to cut its costs.

The company’s global sales rose 9% in the fourth quarter of the year to $149.2 billion. However, its share price fell 4%.

Source: AFP.

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