Apple's revenue grew considerably during the most recent quarter but iPhone sales were down. The company sold 77.3 million iPhones during the holiday quarter, about one million less than the same time last year. It's the first time Apple has ever seen declining sales on its iPhones during the holiday season. However, the company did post $88.3 billion in revenue, up 13% from last year.
There was good news and bad news in the earnings report for Alphabet, the parent company of Google. The company beat expectations on revenue but fell short on earnings. Ad sales were strong but that profit was offset by increased ad spending.
And Amazon soared past Wall Street expectations thanks to strong holiday sales. The company beat on revenue and earnings. Amazon also set a new record, posting profits above $1 billion for the first time.
We dive into these earnings reports with Gene Munster, Managing Partner at Loup Ventures. Munster believes Amazon's profitability was a one-time thing. He is also predicting that Apple will release a new iPhone soon with a screen that's 25% bigger.
Plus, Cheddar's CEO Jon Steinberg talks to veteran newsman Dan Rather about his new partnership with The Young Turks. Rather now has a half-hour show airing on the network's YouTube channel. "The News with Dan Rather" will offer commentary and analysis on today's news, something he never did on "CBS Evening News." The show airs Mondays at 5:30pm ET.
Amber McMillan, vice president of weight loss and digital fitness at Life Time, joins Cheddar News to discuss how post-pandemic gym visits can improve mental wellness.
The biggest shopping day of the year is approaching - Black Friday - and the following week is known as Cyber Week, the biggest time of the year for online shopping. But for many companies and consumers, the holiday shopping season is already underway. Retailers have been getting creative in their attempts to lure customers amid ongoing supply chain issues, inflation, and the pandemic that could impact sales. Lionesque Group CEO and founder Melissa Gonzalez joins Cheddar News' Closing Bell to discuss.
You.com launched its beta product just two weeks ago, but is looking to challenge one of the largest companies in the world in Google. Richard Socher, Founder and CEO of You.com, joins Cheddar News' Closing Bell, where he discusses the issues that he sees with Google that he says his company can exploit.
The Bayou State has been through some tough times with massive storms on top of the COVID-19 pandemic, but the state is looking to rebuild by leaning into its reputation as a tourist destination. Lt. Governor Billy Nungesser joined Cheddar to talk about Louisiana's work to reacquaint travelers with its renowned food, music, culture, Mardi Gras — and its Celebration Gator float at the Macy's Thanksgiving Day Parade. "Well they won't let us throw throws so we'll be going along the route handing out beads, stuffed alligators, telling people to book a trip to Louisiana," he said of the event.
Bryan Palma, senior manager of industry and solutions marketing at Kinaxis, joined Cheddar News to preview what this year's Black Friday will look like for retailers and consumers amid supply chain constraints and inflation.
Major retailers The Gap and Nordstrom reported third quarter earnings on Tuesday, both falling short of expectations. Ahead of Black Friday, Ethan Chernofsky, CMO of marketing at Placer.AI, discusses why these are just two of the many retailers hoping to make up for 2020 losses.
