Apple Misses on iPhone Sales, Amazon Sees Record Profit

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. And Amazon soared past Wall Street expectations in its recent earnings report. The company beat on revenue and earnings thanks to strong holiday sales. Amazon also set a new record, posting profits above $1 billion for the first time.

More In Business

Time to Celebrate? The Dow Officially Closes Over 40k

While the Dow’s “psychologically important” level may be capturing headlines, its large-cap index peers — are in record territory too.

This Job Will Pay You $100K to Swim in Pools Across the U.S.

Talk about a dream summer gig.

Dow Reaching 40K? Don’t Necessarily Break Out the Champagne

The major indices reached all-time highs this week – but when it comes to that Dow Jones record, veteran CIO Kevin Mahn says, ‘I don’t even look at the Dow.’

Never Fear, More Caitlin Clark Merch Is Coming

The WNBA is gearing up for what is sure to be an incredible season — with sold out crowds and high ratings. It's Caitlin's world, we're just living in it.

5% Interest Rates, 2% Inflation Might Be the New Normal

We've all heard that interest rates could stay 'higher for longer,' but what does that really mean? We had a professor at Georgetown break it down.

Suffering From Tip Fatigue? Us, Too. Tiphaus Wants To Help

Tipping expectations have increased. A 2023 survey revealed that approximately 72% feel they are now asked to tip service workers more often than before.

Big Business This Week: From Meme Stocks to Dead Lobster

Memes have the market in a tizzy; Red Lobster taken down by... shrimp?; and John Deere is strangling farmers.

The Dow Just Crossed 40,000 For the First Time: Is it a Big Deal?

Although the Dow's topping the 40,000 level is cause for celebration, it doesn't inherently mean much.

Find Out Which State Is Doing More to Attract Top Talent

Chief Growth Officer for Michigan joins Cheddar to discuss the state's initiative to attract Gen Z and top talent. Watch!

What Are Americans Buying? National Retail Federation Has the Receipts

Inflation-weary Americans are still spending money every month, but the April numbers show they’re starting to cut back on a few types of expensive purchases.

Load More