Apple stock AAPL was in news this week when it fell in after hour trading. There was a lot of speculation whether AAPL was still a good bargain or not. Amazon shares AMZN however traded at 10% higher on Friday before the close of this week. Amazon Web Services (AWS) more specifically its cloud business reported a rise of 81% in revenue this quarter.
Still, AWS made up only about 8 percent of Amazon’s revenue.
Apple disappointed investors by only slightly beating earnings estimates but still posted $49.6 billion in revenue. Spencer called the number “extremely impressive.”