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.
While investors soured on Fed Chair Jerome Powell's remarks on interest rates Monday, Anthony Saccaro, Founder and President at Providence Financial explains why he is supportive of the Fed's approach on Cheddar News' Closing Bell.
HSBC announced that it is buying a plot of virtual land in decentralized gaming virtual world The Sandbox. Mathieu Nouzareth, U.S CEO of The Sandbox, joins Cheddar News' Closing Bell, where he elaborates on what his platform is providing to HSBC and how his company is helping companies across different sectors embrace Web3.
Deepwell Digital Therapeutics is a game development company looking to transform the way we look at video games — this time to improve health outcomes. Its goal is to create software to aid those who deal with conditions such as depression and ADHD. Company co-founder and co-CEO Ryan Douglas and co-founder Kate Edwards joined Cheddar News to talk about the technology is being used to help patients. "From a research perspective, the game industry itself has been well aware for many, many years of the kind of inherent, kind of anecdotal therapeutic value of playing games," said Edwards.
After a tough start amid the pandemic, lifestyle brand Magnolia Network, a collaboration between Chip and Joanna Gaines and Discovery, is pressing forward. Allison Page, the network's president, joined Cheddar to discuss the challenges and rewards of putting together the latest cable television content offerings from the Gaines team. "Really, behind the scenes, this is their vision, and we saw bits of it in Magnolia Journal, their fantastic magazine," Page said. "And just getting to bring that to life in a broader cable landscape has been such a joy and such a great opportunity." The accomplished television executive who moved over from HGTV also had encouraging words for women in the workplace as Women's History Month continues.
Nadia Brown, actor and host of 'The Green Room with Nadia Brown,' and Jenny Makholm, executive producer of the show and co-founder of Be An #ArtsHero/Arts Workers United, join Cheddar News to talk about their new Ovation TV series.
Actors Courtney B. Vance and Tosin Cole joined Cheddar News’ senior reporter Michelle Castillo at South by Southwest to talk about their new series “61st Street” on AMC. The show takes a look at the harshness of Chicago’s criminal justice system. When asked what he hopes the audience takes away from this show, Tosin Cole said, "Just some empathy and just showing a different perspective."
