Big Tech Earnings Recap

Big Tech and Big Tesla reported earnings last week. Here are the highlights you missed.

Apple: Posted its strongest quarter ever, with mobile sales up 17% year over year. 5G should continue to give Apple a boost through 2021. Apple’s accessories division pulled in $10 billion in Q4, meaning it’s a bigger moneymaker than Mac. CEO Tim Cook said that wearables alone are the size of a Fortune 150 company.

Microsoft: Blew away analysts’ expectations. The company’s core businesses grew double digits YoY and most notably, Azure revenues are up 50%. In Q3, Azure grew 48%. AWS is definitely watching its back...

Facebook: Strong Q4, but its daily active user base shrunk in the US, its most lucrative market. “Other” revenue—from Oculus and Portal—leaped 156% YoY to $885 million for Q4. Total revenue was $28.1 billion.

• FB warned that iOS privacy changes will clip the wings of its ad business.

Tesla: Missed on earnings but beat on revenue. Tesla will launch a “Full Self-Driving” subscription service and start making the Model Y in Austin, TX, and Brandenburg, Germany, with in-house battery cells this year.