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.
Marc DeBevoise, Incoming CEO of Brightcove, talks about the company's position within the streaming space and what the overall industry needs to do to attract more enterprise clients.
As the Beijing winter Olympics start to wind down, its ratings are heading towards a historic low. An average of only 12.3 million viewers per day have tuned into NBC to watch the games, compared with about 23 million viewers for the 2018 games in South Korea. Seth Schachner, managing director of StratAmericas and digital business executive, breaks down what could be behind this trend.
As coronavirus cases decline, many people are going out again, eating at restaurants, taking long-delayed vacations, attending concerts, and more. But, despite social activities returning to normal, many companies are still working remotely. In fact, only a third of U.S. employees have returned to the office, according to Kastle Systems, which monitors building-access cards. Brian Kropp, chief of research for Gartner's HR practice, joined Cheddar's Opening Bell to discuss the state of the return-to-work debate.
Matthew Tuttle, CEO & Chief Investment Officer at Tuttle Capital, breaks down the economic factors impacting the technology sector and the future pricing power of Big Tech.
Inflation rose 7.5% percent from last January to this January, higher than expected and the fastest rate of growth in 40 years. Consumer prices were up 0.6% percent from the previous month, with increases in food, electricity, and shelter as the biggest drivers. Veronique De Rugy, senior research fellow of the Mercatus Center at George Mason University, joined Cheddar to give her biggest takeaways on the latest CPI report.
Jason Ware, Chief Investment Officer at Albion Financial Group, talks about the sectors to be affected by higher interest rates and highlights the pockets within tech that have room for growth.
Matthew Tuttle, CEO and Chief Investment Officer at Tuttle Capital Management, talks about the geopolitical and economic uncertainty impacting market performance.
Chad Oviatt, Director of Investment Management at Huntington National Bank, breaks down the impact of the inflationary pressure on consumer sentiment and highlights areas of growth going forward.
Wholesale prices rose 9.7% year-over-year in January, yet another sign of rising inflation. This comes as inflation continues to push higher, the Fed considers hiking interest rates, and the conflict in Ukraine threatens to raise the costs of living in the U.S. even higher. John Leer, chief economist at Morning Consult joined Cheddar for more insight.
Texas is suing Meta over its use of facial recognition. Attorney General Ken Paxton filed a lawsuit against the social media giant, alleging it illegally collected data on users without their consent, violating the state's privacy laws. Daniel Newman, Futurum Research founding partner & principal analyst, breaks down Texas' allegations and what it means for Meta moving forward.
