Apple Inc. and Amazon.com Inc. are set to report their earnings after the market closes on May 1, 2025. Investors are particularly focused on how these tech giants will address the impact of recent tariffs imposed by the Trump administration on their operations and financial performance. For Apple, Wall Street anticipates revenue of approximately $94.6 billion, marking a 4.2% increase year-over-year, with earnings per share expected at $1.63. The company will disclose its financial results at 4:30 p.m. EDT, followed by a conference call at 5 p.m. EDT. Key areas of interest include the impact of tariffs on iPhone sales, the performance of Apple's Services segment, and the company's strategy in navigating the U.S.-China trade tensions. Apple assembles about 90% of its iPhones in China, where it generated 17% of its revenue last fiscal year, and analysts estimate that current tariffs could cost Apple 6% of its earnings per year. Amazon is expected to report first-quarter revenue of about $155.1 billion, an 8% increase from the previous year, with earnings per share projected at $1.37. The company will release its results shortly after 4 p.m. EDT, with an earnings call at 5:30 p.m. EDT. Investors are keen to understand how tariffs might affect Amazon's e-commerce business, particularly given the significant number of third-party sellers from China, and the growth in its AWS cloud segment, which is expected to see an 18% increase in sales. Wall Street anticipates $161.2 billion in sales and $17.6 billion in operating profit for Amazon's current quarter, with expected sales growth in China at 3.6%.