The Good
Apple was the shinning light of the weeks earnings reports with a 46% increase in iPhone sales with sales so popular they tied with Samsung selling an estimated 74.5 million phones. Apple's reports were so astronomical they even reached some historic figures. For it's closet mobile competitor it was a mixed bag with Samsung managing to beat gloomy forecasts but with income still falling 36% due to sluggish phone sales.
Amazon wasn't to be outdone posting strong Holiday sales showing a surge of 15% year-on-year and it even managed to post a profit after recent very big, and very public, failures. Facebook saw it's share price rise after better than expected fourth-quarter earnings thanks to advertising while Yahoo saw it's shares rise after it decided to spin off it's shares in Alibaba in a tax free transaction.
The Bad
It wasn't all good news with Microsoft dropping 4% after it released some dreadful numbers thanks to a drop in people upgrading to Windows 10 from Windows XP but also due to upgrades from Windows 7 & 8 to 10 being free. Google didn't fare any better when fourth-quarter sales and profit missed Wall Street estimates due to advertising on mobile taking a knock. The darling of Wall Street, Alibaba, saw it's shares tumble 9% after weaker than expected sales growth was revealed.
The Ugly
Lastly nobody took a bigger knock than IBM who began axing over 100,000 jobs, laying off over 26% of it's global workforce, saying it would begin reorganizing the company with what it termed "Project Chrome".
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