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.
The Mobile World Congress is underway in Barcelona this week. The annual global trade show is showcasing the latest advancements in mobile and other progressive technologies.
Katie Collins, Senior European Correspondent, CNET joined Cheddar's Opening Bell to break down the latest announcements.
Rolf Illenberger, Founder & CEO of VRdirect, discusses how businesses are using virtual reality and talks about the importance of VR training in a remote work environment.
NerdWallet reported strong fiscal Q4 results in its first earnings report as a publicly traded company. The personal finance company saw revenue increase 75 percent year-over-year as the company witnessed a rebound in consumer demand as the pandemic wanes. Tim Chen, Founder & CEO, NerdWallet joined Cheddar's Opening Bell to discuss.
Kraft Heinz is launching a new joint venture with NotCo, a Chilean startup that creates plant-based substitutes using artificial intelligence. The goal is to reimagine global food production and bring plant-based versions of Kraft Heinz products to market at a faster speed, all while driving sustainability. Matias Muchnik, CEO and Co-Founder of NotCo, joined Cheddar's Opening Bell to discuss the partnership, NotCo's technology, and his response to the backlash against the ingredients in meatless meat.
Ross Mayfield, Investment Strategy Analyst at Baird, discusses how companies with international exposure are impacting U.S. investors and highlights which industries are navigating geopolitical conflict.
Jim Bruderman, Vice Chairman of 1879 Advisors, discusses how markets are navigating the Russia-Ukraine conflict and spotlights areas within tech that could rebound.
Christian Ledoux, Director of Investment Research at CAPTRUST, talks about the ripple effect Russia's invasion of Ukraine is having on U.S. markets and outlines ways investors are navigating volatility.
Craig Fehr, Principal & Investment Strategist at Edward Jones, talks about the major risks to the markets and which industries are poised for growth in the near term.
Rob Haworth, Senior Investment Strategist at U.S. Bank Wealth Management, discusses how Markets can navigate geopolitical conflict and whether the Fed will take an aggressive stance on inflation.
Ukrainian President Volodymyr Zelenskyy has signed an application for Ukraine's membership in the European Union, pleading with the bloc to accept this request. It comes as Russian forces push further into Ukraine, forcing at least half a million refugees to flee. Benjamin Schmitt, Postdoctoral Research Fellow at Harvard University and Senior Fellow at the Center for European Policy Analysis, breaks down the latest in Ukraine.
