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.
Body odor is natural, but it’s not exactly welcome… Thankfully, we have all kinds of deodorants and antiperspirants to help eliminate the stink. But believe it or not, there was a time when people weren’t so ready to accept these solutions. In fact, it took a pretty savage marketing campaign to convince us we had a problem at all.
Cannabis World Congress and Business (CWCB) Expo returned to the Javits Center in Manhattan at a very decisive time for New York's cannabis industry. Chloe Aiello reports.
Vault, an NFT platform that allows creators to curate their own music and videos via an exclusive invitation, recently teamed up with independent artist Pip for the launch of his new album "Cotton Candy Skies." Nigel Eccles, the CEO of Vault, and singer-songwriter Pip joined Cheddar News to break down how the new platform works and why it's different from other blockchain concepts. "The way we've built it is we use the NFTs as keys that unlock the vault, and it's only the people who have those keys can actually see the contents of the vault," said Eccles. Pip added that he felt "inspired" to help with a new way of doing things in the music industry.
On this episode of ChedHER: Tiffany Johnson, CEO of Built for Launch, discusses the Black Founders Ecom Pledge that provides tools and resources for Black founders to build, launch, and scale a successful e-commerce business; Alexa von Tobel, Founder and Managing Partner of Inspired Capital, and Leoni Runge, Founder of Zaya, breaks down the state of maternal care and support for female founders in venture capital; Hannah Schwab, Global Co-Chair of Gender Expansive Council at JPMorgan Chase, explains the goal of the Gender Expansive Council and what kind of resources organizations can offer to support the LGBT+ community.
Tiffany Johnson, CEO of Built for Launch, joins ChedHER to discuss the Black Founders Ecom Pledge that provides tools and resources for Black founders to build, launch, and scale a successful e-commerce business.
Today is National Doughnut Day! Cheddar News celebrated with Steven Klein, the owner of Dough Doughnuts in New York City, who joined us with some delicious samples from hibiscus flavored to ube cheesecake. "It's a fun fest that people love doughnuts, and it's a way of celebrating doughnuts that people just want to try, and they want to try with their friends, their offices, their parties, their groups," said Klein. "So we get inundated in all our stores with lines of people coming to buy multiple doughnuts to celebrate the day."
U.S. employers added 390,000 jobs in May, extending a streak of solid hiring that has bolstered an economy under pressure from high inflation and rising interest rates.