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.
ZipRecruiter reported revenue growth for the fourth quarter of 2021 and raised its forecast for the coming year, beating Wall Street expectations. The recruitment site has benefited from one of the tightest labor markets in history as companies desperately try to fill empty positions. Ian Siegel, CEO of ZipRecruiter, joined Cheddar to discuss how the company has adapted to The Great Resignation, a tight labor market, and record inflation.
Bank of America is officially the first financial institution to be certified by J.D. Power for financial health support. The data analytics and consumer intelligence company evaluated Bank of America and other financial institutions through a rigorous process that involved reviewing nearly 100 best practices, and Bank of America is the first in the industry to receive it. Holly O'Neill, President of Retail Banking at Bank of America, joined Cheddar to talk more about this certification, what it means, and how to get started on the path to financial health.
Ford is looking to charge its electric business forward -- splitting its EVs and legacy internal combustion engine models into separate units. Ford says the split will streamline its EV business and boost profits, while giving it a better competitive edge. Ford's new EV focused business will be called Ford Model e. Greg Martin, Co-Founder, Rainmaker Securities joined Cheddar's Opening Bell to discuss.
Markets opened higher on Thursday despite ongoing uncertainty amid the Russia-Ukraine conflict. John Petrides, Portfolio Manager, Tocqueville Asset Management joined Cheddar's Opening Bell to discuss early market activity.
Thomas Hayes, Chairman & Managing Member of
Great Hill Capital, talks about the impact rising oil prices are having on airlines and outlines how investors can navigate geopolitical uncertainty.
Velo3d, a company that provides metal 3D printed parts for companies such as SpaceX, reported a boost in Q4 revenue quarter over quarter. Founder and CEO Benny Buller, joined Cheddar News to discuss the earnings and the foundation of the company's current success. "The whole space sector is about 25 percent of our business. We have a lot of business in aviation, in power generation, in energy, and in semiconductors. I would say that the big jump in our revenue is related to the release of our Sapphire XC, which is a scale-up product reducing costs by about three times compared to the first Sapphire machines," he said. "This allows customers to dramatically reduce costs as well as make much bigger parts."
