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Amazon expected to be biggest winner for Thursdays earnings - USA TODAY

Amazon expected to be biggest winner for Thursdays earnings - USA TODAY

Amazon expected to be biggest winner for Thursdays earnings - USA TODAY
Oct 28, 2020 53 secs

New Mexico: Jeff Bezos     • 2020 estimated worth: $188.8 billion Jeff Bezos, founder and CEO of e-commerce juggernaut Amazon, is the wealthiest person in the world, with a current net worth of $188.8 billion.

That said, Amazon's big quarter will not be the summer quarter being announced Thursday, which this year will be minus the usual Prime Day sales stunt.

Beyond Amazon's sales to consumers, another huge contributor to Amazon's sales is the Amazon Web Services division, which provides cloud-based back-end services to many websites, including Netflix, Airbnb and Disney.

Amazon's 2019 revenues: $280.5 billion.

The summer quarter for Apple is also traditionally lighter than others, as savvy consumers known to wait for the fall to start buying new iPhones.

Apple reported $59.7 billion in the previous quarter, and Ives thinks Apple will hit $67.8 billion for the new quarter.

Apple''s 2019 revenues: $260 billion.

Ives predicts revenues of $39.9 billion, up a little bit from the $38.3 billion announced for the second quarter.

The social network announced $18.69 billion in revenues for the last quarter, and Ives predicts $19.4 billion for the new quarter

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