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.
Beatriz Acevedo, CEO of Suma Wealth, discusses the challenges in building financial habits among Hispanic youths and talks about how the company will be prioritizing funds from its recent $2 million raise.
Sian Morson, founder and editor of The Blkchain, talks about the challenges digital artists of color face getting opportunities to advance their careers and ways NFTs are redistributing wealth.
Planet Fitness CEO Chris Rondeau joined Cheddar's "Opening Bell" to talk about the gym chain's Q3 earnings beat. He said while home workouts have sufficed for people amid the pandemic, they are not a substitute for in-person workouts in facilities such as their own. "Now that people can get out and go about their day as their normal life, I think we're now reaping the benefits of people getting out to being normal again," he said.
A new report out by the Center for Countering Digital Hate shows how just ten publishers are responsible for the bulk of climate change misinformation on social media--and companies like Facebook and Google are making money off them. Imran Ahmed, CEO of the Center for Countering Digital Hate, joined Cheddar to discuss.
Many are celebrating Marvel's 'Eternals,' the most diverse film the company has ever made. CAPE has teamed up with other nonprofits to launch the #oneopen campaign, tied to the Eternals, which aims to support and amplify films led by diverse talent. Michelle Sugihara, the Executive Director of CAPE, joined Cheddar to discuss.
A recent token called 'SQUID' which was developed after the Netflix series Squid Games has now cost several investors to lose their investments. According to Gizmodo, the developers have now walked off with $3.3 Million thanks to them not allowing buyers to sell any of their coins. The question now is: How can one protect themselves from being caught up in any crypto scams? The Host of the O Show Wendy O, joined Cheddar to discuss more.
Dr. Rachel Cleetus, Policy Director and Lead Economist of the Climate and Energy Program for the Union of Concerned Scientists, joined Cheddar News to discuss the COP26 summit.
The U.S. economy added 531,000 jobs in October beating expectations by a large margin. Mark Avallone, founder and president at Potomac Wealth Advisors, joined Cheddar to dive into the numbers and discuss trends like the gains made in leisure and hospitality. "When you look at the hotel chains, the travel-related opportunities out there, they are booming," he said. Avallone noted that delayed life events like weddings have added to the growth, noting that, "The pent up demand for activities that people postponed, plus the desire to enjoy life, is all systems go right now, and I think that's something we're going to see more of."
