The Guardian reports on the continuing sucess of Apple and Amazon despite the credit crunch and recession.
The recession-busting technology companies Apple and Amazon have room to continue expanding during the downturn, according to analysts.
While most businesses are still struggling to cope with the effects of recession, the two American corporations saw their stock prices hit all-time highs last week after reporting rising profits. Apple’s continued success pushed its shares to a historic high of $208, while Amazon – boosted by a huge jump in profits – returned to levels above $115, last seen during the height of the dotcom boom.
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