Seeking Alpha author Mauro Solis joins Cheddar to discuss his views on Google's Chromebook business. He looks specifically at how it will generate profit for the tech giant.
Solis talks about the Chromebook business having a stronghold on the student market, but Google needs to ensure that students keep using that Chromebook after school. Google's main challenge right now is erasing the perception that these laptops are just cheap student devices.
Plus, who is winning the Chromebook market? Solis says its Intel. If Chromebook sales keep growing, Intel has almost no competition to win the market, at least for a while. In addition, it shows Intel pricing and design strategy has a stronghold on "cheap laptops/tablets" right now.
Breaking down the good, the bad, and the new in business on Monday, June 13, 2022, with JP Morgan's bullish Apple take, EV startup Electric Last Mile Solutions planning to declare bankruptcy, and Amazon getting ready to roll out its new drone delivery service in California.
Tech apprenticeship platform Multiverse became a unicorn with a $1.7 billion valuation, after raising $220 million in a Series D round. As companies across the country face challenges in hiring and retaining tech talent, Multiverse says it's trying to offer a solution with a new way to train and hire workers that can serve as an alternative to college and corporate training. Sophie Ruddock, VP and GM North America of Multiverse, joins Cheddar News' Closing Bell to discuss.
Bitcoin's price has fallen below $24,000, its lowest level since December 2020. Matt Hougan, CIO at Bitwise Asset Management, joined Cheddar News to discuss the future of crypto amid the latest high-profile point of concern, the halting of withdrawals at Celsius Network. "Last month we saw Luna collapse. This month we're seeing Celsius possibly collapsing," he said. "So this stress test is finding weaknesses in the crypto ecosystem and it will continue until we get to a strong foundation from which crypto can recover."
An analyst at JP Morgan is predicting massive future growth for Apple in its music and gaming divisions — to the tune of more than $8 billion in revenue by 2025. Cheddar News anchors Kristen Scholer and Hena Doba discuss the glowing forecast for the tech giant.
