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.
Apple on Tuesday unveiled a new version of its budget-priced iPhone that’s capable of connecting to ultrafast 5G wireless networks, an upgrade that has been available on the company’s upscale models for more than a year.
Cheddar's Michelle Castillo looks into the growth in cigar smoking that took place during the pandemic, and how supply chain woes have come to hurt this industry as well.
From doughnut shops to Christmas tree growers, small businesses are as unique as their founders. In this episode of The Deep End, Cheddar News examines how social media helped small businesses survive the coronavirus pandemic, how an e-bike company is solving the last mile solution, and how a cannabis speakeasy is preparing for legalization in New York.
Whether you like to admit it or not, we’ve all indulged in a bit of retail therapy. In this episode, Cheddar News is exploring the shopping sphere, from toy store giants mounting a brick and mortar come back to weed superstores. We’re taking a look at how e-commerce companies are helping entrepreneurs, and how one magical franchise is creating a flagship for muggles.
Frances Newton Stacy, Director of Strategy at Optimal Capital, breaks down how skyrocketing commodity prices are impacting markets and what the Fed should be doing in order to avoid stagflation.
Adam Lampe, Co-Founder & CEO Mint Wealth Management, discusses the rising oil and commodities space and how the Fed will approach interest rate hikes amid the stellar February jobs report.
As Western companies cut ties with Russia over its invasion of Ukraine, there's a possibility their Chinese rivals could move in and fill the void. Major corporations such as Apple, Samsung, Dell, and more have halted sales in Russia in hopes of encouraging Putin to back down, but now it seems those sanctions could be presenting a unique opportunity for China. Michael Friedson, Co-founder and Executive Editor of The Media Line News Agency, joined Cheddar's Opening Bell to discuss how these Western boycotts are reshaping geopolitical alignments, the global economy, and international trade.
Gas prices have reached their highest level since 2008, topping an average of $4 across the country. The surge comes as Russia's invasion of Ukraine triggers supply concerns in what was already an extremely tight oil market. Jay Hatfield, Chief Investment Officer at ICAP, breaks down why costs at the pump are so high right now, and just how high they could go.
For Fadia Kader, the global head of strategic and media partnerships at social audio app Clubhouse, it's about pushing culture forward and connecting people with the biggest and brightest stars in music and entertainment.
