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.
Joseph Gordon-Levitt, CEO and co-founder of HitRecord, and Jared Geller, president and co-founder of HitRecord, join Cheddar News to discuss the platform's 'Class Projects'. Gordon-Levitt also talked about playing Jiminy Cricket in Disney's live-action 'Pinocchio.'
One e-commerce company is putting diverse beauty brands first. 'thirteen lune' was launched last year and carries 100 brands, 90% percent of which are founded by Black, indigenous, people of color (BIPOC). The company has grown tremendously within the past year and just landed a $3 million funding round led by Fearless Fund, a venture capital firm created by women of color, for women of color. Nyakio Grieco, co-founder of thirteen lune joins Cheddar News to talk about the new funding.
Evan Vandenberg, the founder and CEO of Dibbs, a sports card trading platform, joined Cheddar to break down how his company allows sports fans to buy and sell fractions of sports cards. The physical trading cards are typically held in a vault while fans are provided with a digital representation of that card that they can go on to sell or even buy more fractions of the item. Vanderberg also talked about the company's $13 million Series A funding round and investments from major sports figures like the NBA's Chris Paul and NFL's DeAndre Hopkins.
Johan Grahn, Head of ETFs at Allianz Investment Management, joins Cheddar News' Closing Bell to discuss today's market close which saw all major indexes reaching record highs on the back of a strong October jobs report, low-interest rates, and more.
Earlier this week, crypto investors who got in on a 'Squid Game'-inspired coin were shocked when the asset turned out to be part of a scam. The people involved made off with close to $3 million after the Netflix-inspired coin's valuation went from $0.01 to $3,000 and back down to $0 within several days. CoinDesk Anchor Christine Lee joins Cheddar News' Closing Bell to discuss the pump-and-dump scheme, how investors can be on the lookout for similar scams, and what crypto platform Binance is doing to investigate the incident.
Nela Richardson, Chief Economist at ADP, joins Cheddar News' Closing Bell, where he discusses the sector growth in the October Jobs report, and how labor shortages and wage growth will impact the economy going forward.
More American tech companies continue to pull their businesses out of China as the Communist Party cracks down on firms — both foreign and domestic. Yahoo and Fortnite have become the latest companies to withdraw from the country, and the withdrawals come just days after Microsoft announced it would take LinkedIn offline. Shehzad Qazi, managing director at China Beige Book International, joined Cheddar to provide some insight into how the crackdowns in China would also impact the tech companies at home in the United States.
Yelp reported Q3 earnings on Thursday, matching its best quarterly performance in company history, according to CFO David Schwarzbach who joined Cheddar's "Between Bells" to break down the report and business forecast. He also talked about the impact that the pandemic has had on marketing campaigns on the platform and noted that while service pros are doing well, campaigns for restaurants, retail, and other sectors continue to face challenges.
