The financial results of US technology companies appeared to be disappointing in the fourth quarter of 2022.

According to Arabia Net, Alphabet recorded quarterly sales before partner payments of $63.1 million in the fourth quarter, which was lower than analysts' expectations.

The decline in sales came to reflect the decline in demand for search ads, as the earnings per share of Google's parent company came at $1.5, compared to analysts' expectations of $1.2.

On the other hand, Amazon warned that it may not be able to record operating profits in the current quarter because the savings resulting from its decision to cut jobs may not be sufficient to compensate for the decline in sales.

This came despite the company recording sales of about $149.2 billion in the fourth quarter of last year, which was better than analysts' expectations of $145.4 billion.

Apple's quarterly results also showed a decline in revenues at the largest quarterly rate since 2016, as a result of the decline in iPhone and Mac sales.

Sales recorded a decline of 5% to 117 billion dollars, at a time when it was expected to record sales of 121 billion dollars.

Earnings per share were $1.88, compared to expectations of $1.94. This is the first time that Apple's profits have fallen short of expectations in 7 years.

For his part, VentureX partner director Youssef Hamid El Din said, in an interview with Al Arabiya, that the global economy is taking shape again and in an unclear form, which affects the results of technology companies, and technology companies referred to it in their conferences to announce profits.

Hamid El-Din added that technology companies have not yet reached the peak in revenues, while the volume of investments and the continuous and rapid development of products are accelerating.

He explained that the new global economy needs to be studied and its repercussions not only on America, but on the whole world.

He pointed out that the earnings discussion conference would have a direct impact on the stock's performance according to existing expectations.