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Apple sales inch higher despite coronavirus but CEO Tim Cook sees uncertain future

Apple sales inch higher despite coronavirus but CEO Tim Cook sees uncertain future

(Reuters) – Apple Inc (AAPL.O) reported sales and profits that beat Wall Street expectations Thursday, with Chief Executive Officer Tim Cook saying China sales were “headed in the right direction” as that country reopens from the novel coronavirus. But Cook said it was impossible to forecast overall results for the current quarter because of uncertainty [...]

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Amazon sees $4 billion in COVID-19-related costs, may not make second-quarter profit

Amazon sees $4 billion in COVID-19-related costs, may not make second-quarter profit

(Reuters) – Amazon.com Inc (AMZN.O) on Thursday said it could post its first quarterly loss in five years because it is spending at least $4 billion in response to the coronavirus pandemic, including plans to test its workers for COVID-19 and providing them with protective gear, and paying higher wages. Shares of Amazon fell 5% [...]

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Amazon sees $4 billion in COVID-19-related costs, may not make second-quarter profit

Amazon sees $4 billion in COVID-19-related costs, may not make second-quarter profit

(Reuters) – Amazon.com Inc (AMZN.O) on Thursday said it could post its first quarterly loss in five years because it is spending at least $4 billion in response to the coronavirus pandemic, including plans to test its workers for COVID-19 and providing them with protective gear, and paying higher wages. Shares of Amazon fell 5% [...]

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