Amazon’s AWS Surges 20% as Apple Defies iPhone Slump with Record Services Revenue

Amazon’s AWS Surges 20% as Apple Defies iPhone Slump with Record Services Revenue

Amazon posted a major rebound in its cloud division with 20% year-over-year growth, signaling a surge in enterprise AI adoption. Meanwhile, Apple offset weaker iPhone demand with record-breaking earnings from its services and wearables segments, proving Big Tech’s resilience in a shifting market.