CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Apple, Amazon and Alphabet reports are coming ⌚ What to expect from BigTech?

15:30 2 February 2023

Wall Street's biggest companies will show financial results for Q4 2022 today after the session. The market will pay particular attention to device sales (Apple), cloud-computing revenue (Alphabet, Amazon) and advertising (Alphabet), as well as estimated investments, costs and of course forecasts for 2023. Analysts expect a marked slowdown in tech reports. A relatively well received Meta Platforms (META.US) report gave bulls hope that the publications of the other three tech giants would be positive, however. Alphabet and Amazon shares are gaining nearly 6%, Apple's share price is rising slowlier.

Apple (AAPL.US)

Start investing today or test a free demo

Open account Try demo Download mobile app Download mobile app

Forecast (Bloomberg)

Revenue $121.14 billion vs. $123.95 billion in Q4 2021
Earnings per share (EPS) $1.94 vs. $2.1 in Q4 2021 

IPhone revenue: $68.3 billion
MacBook revenue: $9.72 billion
Revenue from products / services: $98.98 billion / $20.47 billion

Wall Street expects the company to report a decline in revenue for the first time since 2019. Apple intends to gradually move production out of China, which could affect costs. Analysts will turn their attention to sales of iPhones and MacBooks in the face of weaker economic conditions, supply chain issues and production shutdowns in China. Analysts estimate a 2% year-on-year decline in revenue in the usually record-breaking Christmas quarter, and expect a negative impact from the supply chain and exchange rates. According to analysts at Cowen, Apple's business will enter a slowdown after several years of boom that lasted in an environment of cheap debt financing and a very positive global economy. 

Amazon (AMZN.US)

Forecast (Bloomberg)

Revenue: $145.8 billion (Bloomberg) vs. $137.41 billion in Q4 2021
Earnings per share: $0.17 vs. $0.29 in Q4 2021

Cloud revenue (AWS): $21.76 billion
Operating margin: 1.85%
Wall Street expects the e-commerce giant to post its slowest revenue growth in more than 20 years. Attention will focus on Christmas sales, cost reductions, and whether the company will be able to cut costs enough after the recent wave of layoffs (18,000 employees) to boost profits after a period of massive investment in 2020-2021. 

Very important will be the profitability of the Amazon Web Services cloud-computing business, which, although it accounts for about 22% of the company's revenue, accounts for more than half of its total profits (!) Last week, Microsoft issued forecasts of weaker Azure cloud growth.If this is also noted by the largest cloud-computing provider, Amazon investors will likely see this as confirmation of a broader slowdown in the technology market. Analysts estimate that cloud sales growth was around 23.5% in 2022, and could fall below 20% in 2023.

Alphabet (GOOGL.US)

Forecast (Bloomberg)

Revenue: $76.48 billion vs. $75.32 billion in Q4 2022
Earnings per share (EPS): $1.20 vs. $1.53 in Q4 2021

Google revenue: $60.64 billion (more than 80% is advertising)
Estimated Google cloud revenue: $7.29 billion
Operating margin: 23.8%

Analysts expect that Google's digital advertising business (more than 60% of revenue) will not resist the broader slowdown in the ad market, and Meta's results show that while 'tragedy' is not in sight, 2023 may not be much better than the previous year. Wall Street will be listening to CEO Sundar Pichai's New Year's predictions and expecting commentary on massive job cuts. Also important will be cloud computing, which the company is trying to match with Amazon and Microsoft so results and forecasts on 'cloud computing' may also weigh on sentiment.

Alphabet, as one of the global leaders in the AI industry, has been affected by Microsoft's record investment in OpenAi, provider of the popular chat-bot, ChatGPT. The trend of new search engines using artificial intelligence has led some analysts to see a threat to Google's continued dominance. Investors will pay attention to whether management also sees this threat and whether it intends to 'pick up the gauntlet' by developing a '' browser or other steps.

Apple shares (AAPL.US), W1 interval. Looking more broadly at the shares of Apple, whose capitalization is the largest among all Wall Street companies, we see that sentiment has deteriorated markedly, with the RSI indicator recording a slowdown since 2020 and currently at neutral levels around 50 points. In the fall, the price dived below the 100-week average (SMA100, in black), which was a long-term resistance line and has now gone from support to resistance. A weaker report could push the price towards the 38.2 Fibonacci retracement of the upward wave started in March 2020, at $132 per share with the next potential support being the SMA 200 (red line). Outperformance, on the other hand, may cause the price to overcome resistance in the form of SMA100 and 23.6 Fibo elimination. Source: xStation5

This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

Xtb logo

Join over 1 Million investors from around the world

We use cookies

By clicking “Accept All”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

This group contains cookies that are necessary for our websites to work. They take part in functionalities like language preferences, traffic distribution or keeping user session. They cannot be disabled.

Cookie name
userBranchSymbol cc 2 March 2024
adobe_unique_id cc 1 March 2025
test_cookie cc 1 March 2024
SESSID cc 9 September 2022
__hssc cc 1 March 2024
__cf_bm cc 1 March 2024
intercom-id-iojaybix cc 26 November 2024
intercom-session-iojaybix cc 8 March 2024

We use tools that let us analyze the usage of our page. Such data lets us improve the user experience of our web service.

Cookie name
_gid cc 9 September 2022
_gat_UA-22576382-1 cc 8 September 2022
_gat_UA-121192761-1 cc 8 September 2022
_ga_CBPL72L2EC cc 1 March 2026
_ga cc 1 March 2026
AnalyticsSyncHistory cc 8 October 2022
af_id cc 31 March 2025
afUserId cc 1 March 2026
af_id cc 1 March 2026
AF_SYNC cc 8 March 2024
__hstc cc 28 August 2024

This group of cookies is used to show you ads of topics that you are interested in. It also lets us monitor our marketing activities, it helps to measure the performance of our ads.

Cookie name
MUID cc 26 March 2025
_omappvp cc 11 February 2035
_omappvs cc 1 March 2024
_uetsid cc 2 March 2024
_uetvid cc 26 March 2025
_fbp cc 30 May 2024
fr cc 7 December 2022
muc_ads cc 7 September 2024
_ttp cc 26 March 2025
_tt_enable_cookie cc 26 March 2025
_ttp cc 26 March 2025
hubspotutk cc 28 August 2024

Cookies from this group store your preferences you gave while using the site, so that they will already be here when you visit the page after some time.

Cookie name
personalization_id cc 7 September 2024
UserMatchHistory cc 8 October 2022
bcookie cc 8 September 2023
lidc cc 9 September 2022
bscookie cc 8 September 2023
li_gc cc 7 March 2023

This page uses cookies. Cookies are files stored in your browser and are used by most websites to help personalise your web experience. For more information see our Privacy Policy You can manage cookies by clicking "Settings". If you agree to our use of cookies, click "Accept all".

Change region and language
Country of residence