Better Buy: Apple vs. Amazon
The stock prices for (NASDAQ: AAPL) and Amazon (NASDAQ: AMZN) went in opposite directions on Aug. 4 after the companies released their latest earnings reports. Apple's stock sank 5% after its slower-than-expected iPhone sales overshadowed its top- and bottom-line beat for the third quarter of fiscal 2023, which ended on July 1.
Meanwhile, Amazon's stock price soared 8% after its second-quarter beat indicated its e-commerce and cloud businesses were recovering. So is it the right time to sell Apple and buy Amazon? Let's take a fresh look at both tech giants to decide.
Image source: Getty Images.
Source Fool.com
Apple Inc. Stock
€265.00
0.720%
Our community is currently high on Apple Inc. with 76 Buy predictions and 7 Sell predictions.
As a result the target price of 280 € shows a slightly positive potential of 5.66% compared to the current price of 265.0 € for Apple Inc..
