Staff writer for PCWorld Michael Simon breaks down Samsung's decision not to unveil the Samsung Galaxy S9 and what else the company might have up its sleeve. He also discusses Huawei's problems with its Mate 10 phone, as well as Apple's attempts to win back consumer trust.
Samsung has decided to debut its new flagship phone at next month's MWC instead of CES. The South Korean electronics company also continued to tease a foldable phone, which is expected to debut later this year. The U.S. government is attempting to stop the Huawei Mate 10 launch, citing security risks. AT&T has already cancelled the phone, and Verizon might be next.
According to a new poll, only 53% of Americans trust Apple with their data, while 32% don't at all. Apple has promised new parental controls in response to a letter from shareholders asking for more help.
While it was a volatile week in tech as Meta experienced the biggest one-day drop in the history of the U.S. stock market, industry giant Amazon reported 40 percent growth — largely on the strength of the cloud. Dan Ives, managing director of equity research at Wedbush Securities, joined Cheddar News to break down how the e-commerce company stock managed to pop despite headwinds against its core retail business. "It's all about cloud because of sum of the parts, you could argue, amazon could be $3,500/$4,000 stock just based on cloud," he said. Ives also addressed the apparent the differing impact of Apple iOS changes on Facebook and Snapchat.
Following Ford's earnings miss, the stock price dropped despite a bullish outlook from the auto giant. Karl Brauer, an executive analyst with ISeeCars.com, joined Cheddar to break down why investors may not be sold on the carmaker because of the ongoing factor of supply constraints. "The product is not an issue. There's really good product coming from them, including the electric vehicle side, and the demand is not an issue. There's plenty of demand, but nobody really has a solid grasp on when we're going to get past the supply chain issue," said Brauer.
Image-sharing app Pinterest reported big beats on its Q4 earnings for the top and bottom lines. The social platform surprised investors after seeing a decline in users while earnings and revenue were much higher than expected.
Stocks closed at session lows Thursday, mostly due to a larger tech selloff after Facebook parent company Meta reported weak earnings results one day before. The Nasdaq closed down nearly 4% for its worst day since September 2020. Erin Gibbs, Chief Investment Officer at Main Street Asset Management, joins Closing Bell to discuss today's close, Meta earnings, Amazon earnings, and more
