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.
Stock trading app Robinhood already has been offering cryptocurrency investments but seems further excited about the asset class following President Biden's recent announcement of an executive order. Dan Gallagher, the chief legal and corporate affairs officer for Robinhood, joined Cheddar News to talk about the White House's tentative vision for digital currency. "I think this executive order firmly states that, yes, crypto is here to stay, which it talks about the important competitive issues around crypto and how the United States needs to be a leader, a global leader, in innovation and technology regarding crypto," he said. Gallagher also discussed having clarity around meme stocks going forward but worried about overregulation slowing down innovation.
American private aviation company Wheels Up saw a substantial revenue increase in its Q4 earnings. With bookings ramping up for the summer — along with hopes of being on the tail-end of COVID-19 — the company is looking at a promising upcoming quarter as well. CEO Kenny Dichter joined Cheddar News to talk about the earnings reports as well as the company's new app development. "We’re following that Uber, Airbnb, Amazon playbook and are really going to disrupt this space through technology," he said.
Players have voted to accept Major League Baseball’s latest offer for a new labor deal, paving the way to end a 99-day lockout and salvage a 162-game regular season that will begin April 7.
Co-founders of the 'Female Founder Collective,' Rebecca Minkoff and Alison Wyatt, join Cheddar News to discuss this year's 'Female Founders Day' conference in Austin, Texas.
The new show ‘Fix My Flip’ is offering help to flippers from HGTV’s own Page Turner. The real estate expert and host joined Cheddar News to talk about her series and share advice for anyone looking to break into the world of flipping houses. "I'm coming in with this whole, just, book of 'we're gonna stop doing this and this is what we're going to start doing to get you out of this hole that you've dug,'” she said.
Amazon says it will be closing down all 68 of its pop-up shops throughout the U.S. and United Kingdom. The e-commerce giant makes the move as it looks to evolve its other brick and mortar chains like Whole Foods and eventually grow into a physical retail powerhouse. Cheddar News was joined by Deren Baker, CEO of Edge by Ascential, to talk more about Amazon's plans to become a retail powerhouse.
