Tech giants Apple and Amazon both reported earnings on Thursday.

<div class="block">Tech giants Apple and Amazon both reported earnings on Thursday.</div>

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Apple and Amazon Report Earnings

Tech giants, Apple and Amazon both reported their earnings after the stock market closed yesterday, Apple's revenue and profit came in above expectations but the company did report its quarterly revenue declining year over year for the third quarter in a row. That includes a dip in iphone sales of about 2% year over year. The company did report record revenue in services which includes Apple music and Apple TV. Plus meantime, Amazon reported better than expected increases in sales and profit in this latest quarter. Amazon CEO says the company is seeing strong demand for advertising services and that its prime delivery business is operating at record speeds.