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.
Joe Lovinger, Reporter at The Real Deal, talks about how new development in urban areas can ease rising home prices and why a movement to build more properties is being met with opposition.
Scott Wren, Managing Director & Senior Global Market Strategist at the Wells Fargo Investment Institute, talks about Netflix subscriber loss and how investors can derisk their portfolios as earnings season continues.
Apple has revealed that the tech giant is working more on going green, reporting the use of more recycled materials than ever before. It's setting sustainability goals, aiming to cut emissions by 75 percent in the next 10 years and eventually ending the use of plastic in packaging.
Home builder confidence has fallen to a seven-month low as surging mortgage rates and supply chain issues boost housing costs. At the same time, demand for homes is strong, with homebuilding unexpectedly rising in March, despite rising mortgage rates. But, as the Fed raises interest rates, some analysts are pointing to signs of cooling in the housing market. Tim Rood, Managing Director of SitusAMC, breaks down the latest data and what it signals about the housing market.
Jason Ware, Partner & Chief Investment Officer at Albion Financial Group, talks about the growth prospects for the healthcare industry and highlights areas in the market that are undervalued.
David Mazza, Managing Director and Head of Product at Direxion, joins Cheddar to discuss how traders can navigate all the headlines surrounding earnings, the economy, and inflation, why traders are not giving up on semiconductors, and how traders are navigating rising crude prices.
