The companies are closely watched for signs of how people are spending as the economy slows.
Amazon and Apple posted better than expected sales, reassuring investors that the tech giants will be able to weather slowdowns in global economies.
On Thursday, official figures revealed the US economy shrank for the second quarter in a row, a milestone that in many countries would be considered an economic recession, but not in the US, which uses additional data to make that call.
Its services business, which includes Apple Pay and its streaming music and television services, also grew 12%. In spring Amazon spooked investors, as its online sales softened and it warned it had spent too heavily to hire and add warehouses in a bet that pandemic-era shopping patterns would continue."Despite continued inflationary pressures in fuel, energy, and transportation costs, we're making progress on the more controllable costs we referenced last quarter, particularly improving the productivity of our fulfilment network," said chief executive Andy Jassy.
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