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Google and Apple: Apple could be the next AOL
Apple announced its financial results on July 25 and Alphabet/Google on July 26. After-hours trading drove Alphabet’s market cap up over Apple’s. The chart above is a non-scientific indicator of expectations about the future of both companies. The expectations favor Google’s continued growth.Apple reported a drop in iPhone shipments and a drop in Mac shipments, both confirmed by IDC, as well as a decline in the average selling price of iPhones as the company struggles to compete with Android phones with the new low-cost iPhone SE. Every financial report places Apple’s hopes for renewed growth on the iPhone 7, which is due to be announced in September.To read this article in full or to leave a comment, please click here