Apple Sees Record Quarterly Revenue in Latest Results, Robinhood’s Losses Exceed Street Expectations & A Look at Next Week’s Tech Earnings

TechCheck

CNBC

Disruptors, Cnbc, Investing, Tech, Management, Business, Technology, Faang

4.5 • 66 Ratings

🗓️ 28 January 2022

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Our anchors begin today’s show with a closer look at Apple’s latest earnings after the tech giant saw its largest quarterly revenues ever, joined by Bernstein Research analyst Toni Sacconaghi. Then, CNBC’s Kate Rooney covers trading platform Robinhood reporting deeper losses and lower guidance than the Street expected after posting results Thursday after the bell. Next, we circle back to Apple with Goldman Sachs analyst Rod Hall, who raised his price target and estimates for revenue and gross margins on the company’s results. Later, Wedgewood Partners CIO David Rolfe joins with insight on two of his favorite names, Visa and chipmaker TSMC, and our anchors preview next week’s tech earnings. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0	I'm Carl Kintanilla. You're listening to CNBC's Tech Check. Our show is live weekdays at 11 a.m. Eastern.
0:05.9	Listen in. Good Friday morning. Welcome to Tech Check. I'm Carl Kintenea with John Ford, Deirdrebosa, and Julia Borsden. Today, we're going to break down the name of the morning, and that is Apple popping after another quarter of record-breaking numbers from services to Mac M1M1 chips. We're going to discuss. Then will it be another quarter of Red Robin numbers from services to mac m1 chips we're going to discuss then will it be
0:22.7	another quarter of red robin hood the name recouping some losses briefly below 10 today following
0:28.3	results we'll get a breakdown this hour finally with an aztec on pace for five straight weeks of losses
0:33.8	first time since 2012 where could things go here? We'll get the latest market action
0:38.9	this hour as well, John. Yeah, Carl, let's start with Apple. How could we not in the green after
0:44.1	reporting its largest quarterly revenue ever? Sales growing more than 11% despite any lingering
0:50.6	pandemic headwinds or supply chain slowdowns, and there were some.
0:55.1	The company beating estimates for sales in every product category except iPads with services,
1:01.4	now Apple's most profitable business unit.
1:03.3	No surprise, bringing in almost $20 billion in revenue and up 24% year over year.
1:08.9	It was such a strong quarter.
1:10.3	Even the bears are changing their diet.
1:13.0	More fruit.
1:14.3	New Streets, Pierre Faragu, dropping his cell rating on Apple.
1:17.6	Ouch.
1:18.2	One of the few left on the streets.
1:21.3	Julia, you're with us.
1:22.4	You talked to Tim Cook.
1:23.5	The thing that impressed me the most about this quarter was the Mac.
1:29.3	Silicon transitions often can be messy.
1:31.9	I'm not sure we've ever seen one that led to this kind of a revenue bump when you know there's also operational leverage built in here
	...

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