Interview with Gene Munster, senior research analyst at Piper Jaffray, and Dan Morgan, portfolio manager at Synovus Securities.
Tech giants Amazon.com, Microsoft, Google, Yahoo and Apple reported earnings in the last week, each posting stronger than expected results.
“Apple is mostly on the consumer side and they had a good showing. If we peel away some of the different segments in these earnings report, you’d have to come to the conclusion that we did have some reasonable strength on the enterprise.”
In the meantime, Munster said Amazon.com’s positive earnings report is only the beginning of what will be a continued upward climb for the online retailer.