The Growing Apple-Facebook Rivalry and 4 Other Surprises From Q4 Earnings Season

Sean Burch and Tim Baysinger
·1-min read

Another earnings season is coming to a close, but we’ve been left with plenty to digest. Even by typical earnings season standards, this recent stretch offered a lot to digest for those in the entertainment, media and tech space — from Facebook and Twitter’s growing concerns with Apple to Amazon co-founder and CEO Jeff Bezos announcing he was stepping down later this year. If you haven’t been pouring over earnings reports lately, that’s fine; here are the five things you need to know: 1. Apple spars with Facebook and Twitter You know you’re big when you make other Big Tech companies sweat. That’s the case for Apple, which is now valued at $2.16 trillion and remains the world’s richest company. But the gap between Apple and the other Silicon Valley tech giants was even more evident this earnings season, with both Twitter and Facebook warning their investors that upcoming changes to Apple’s iOS system could hurt their businesses in the year ahead. Also Read: Amazon Q4 Earnings: Ecommerce Giant Becomes 2nd Tech Company to Post $100 Billion in Quarterly Revenue The concern for Twitter and Facebook boils down to this: Apple’s next iOS 14 update will require iPhone owners to...

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