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Apple's second-quarter results revealed better-than-expected sales and profits, boosting its shares by approximately 6% in pre-market trading on Friday. iPhone sales declined 10% year-over-year, better than feared, while Apple's Greater China revenue fell 8% but was above estimates. Earnings per share also topped estimates. Apple authorized an additional $110 billion for share repurchases and increased its dividend. Apple is dealing with slowing China sales and competition but saw growth there. Apple is gearing up new software and \
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In a sales video, this young woman and her friend showcased a horse in a rather unconventional manner.<br/><br/>The girl, eager to demonstrate the horse's ease of riding, decided to mount the horse backwards, facing its hindquarters.<br/><br/>She skillfully balanced herself in this amusing position, aiming to turn around to face the horse's front.<br/><br/>However, just as she attempted this daring maneuver, she lost her balance and tumbled off the horse.<br/><br/>This unexpected mishap sent both the girl and her friend into fits of laughter, turning what was meant to be a serious presentation into a delightful and comical moment.<br/>Location: Telford, United Kingdom<br/>WooGlobe Ref : WGA895761<br/>For licensing and to use this video, please email licensing@wooglobe.com
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Volkswagen is driving forward its major product offensive in the mid-sized class with pre-sales of the new ID.7 Tourer. Following the new ID.7 fastback saloon, new Passat and new Tiguan, the first all-electric Volkswagen estate-car is already the fourth new mid-sized model in just a few months. The business and leisure all-rounder can now be configured and ordered at prices starting at 54,795 euros. As one of just a few manufacturers, Volkswagen is present on the European market with three estate models in the important upper mid-sized class: the sporty Arteon Shooting Brake, the completely newly developed Passat Variant and the ID.7 Tourer. With this model range, Volkswagen offers all relevant drive types in the mid-sized class and thus a particularly large choice for customers.
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The unconventional challenger brand unveiled the new CUPRA Formentor and CUPRA Leon, redesigned and enhanced to continue the success story.<br/><br/>The new CUPRA Formentor arrives to build on the great success the Crossover SUV has already achieved. The CUPRA Formentor is the company’s bestseller and becoming an icon of the brand. In a competitive A-CUV market, it topped the sales charts with 120,100 deliveries worldwide last year.Strong results for the first vehicle uniquely designed and developed for the brand.<br/><br/>The new CUPRA Leon delivers a strong character in both 5-door hatchback and Sportstourer variants at a time when the brand hits a new milestone.<br/><br/>n the first quarter of 2024, CUPRA delivered 56,600 cars, an increase of 21.4% vs Q1 2023, while March was the brand’s all-time record month with 23,800 deliveries.
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Former Starbucks CEO Howard Schultz weighed in on the company's recent earnings miss and guidance cut, saying that Starbucks needs to focus on fixing the U.S. store experience for customers through the eyes of a merchant, not just data. He noted mobile ordering, payment experiences, and new drink development need improvement. Schultz wants Starbucks to focus on premium drinks that set it apart from competitors. Starbucks cut its full-year forecast and saw a 17% drop in stock value after a decline in same-store sales.
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Carvana shares soared over 30% in after-hours trading after reporting first-quarter revenue of more than a billion, beating analyst estimates. The company forecast a sequential rise in adjusted core profit and retail unit sales growth, surprising analysts who expected a sales decline. Adjusted earnings before interest, tax, depreciation, and amortization were more than $200 million, exceeding estimates. Carvana's inventory of unsold used vehicles on dealer lots rose 9% from a year ago. High interest rates have pushed some consumers to the used car market for better deals than new vehicles.
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Samsung Electronics' forecast is optimistic due to the AI market. The company plans to increase the supply of high-end memory chips to meet the growing demand. Samsung reported a significant increase in first-quarter operating profit, driven by a strong rebound in memory chips. Samsung's mobile devices business regained its position as the world's top smartphone vendor, with AI functions driving sales of its flagship Galaxy S24 smartphones.
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Apple's iPhone sales have plummeted 16% in the first three months of 2024, starting the year on a bad note for the Tim Cook-led company.<br/><br/>What Happened: Apple's iPhone shipments fell by a staggering 9.3 million units, from 58 million in Q1 2023 to 48.7 million in Q1 2024, according to market research firm, Canalys.
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Retailers have announced price cuts on thousands of products in recent weeks in an effort to entice consumers to spend more. Inflation has pushed prices 20-30% higher than a year ago while incomes have failed to keep up. Discretionary spending on non-essential items has slowed, so retailers are hoping price cuts will convince consumers to purchase more optional items. Overall retail sales in March rose only 0.7% month-over-month, a slower pace than in February. Consumer spending, which drives two-thirds of the US economy, has weakened as higher prices cut into household budgets.
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Walmart is launching a new grocery private label brand called BetterGoods focused on trend-driven, chef-inspired foods priced mostly under $5. Walmart's grocery sales rose nearly 7% last fiscal year, making it the largest U.S. grocer by revenue. BetterGoods will feature items in categories like frozen foods, dairy, and snacks across culinary, plant-based, and certain-ingredient lines. It joins Walmart's existing Great Value brand, the largest grocery private label brand by revenue. The launch aims to retain inflation-driven grocery shoppers and fend off competitors emphasizing private labels like Aldi, Lidl and Trader Joe's.
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In this video, we're taking a deep dive into the fighter payouts from the recent UFC 301 event. We'll break down the promotional guidelines compliance pay structure and reveal the actual amounts received by each fighter on the card. <br/><br/>From the main event title fight to the early preliminary bouts, we'll analyze the pay disparities and discuss the factors that influence fighter compensation in the world's leading MMA promotion. <br/><br/>This video offers a rare glimpse into the financial side of professional fighting, providing valuable insights for fans, analysts, and anyone interested in the business of the UFC.<br/><br/>Fighters from Saturday’s UFC 301 event received a total of $280,000 in UFC Promotional Guidelines Compliance pay.<br/><br/>This program, which encompasses various requirements such as outfitting, media commitments, and adhering to the fighter code of conduct, has replaced the previous system of payments outlined in the UFC Athlete Outfitting Policy.<br/><br/>UFC 301 was hosted at Rio Arena, with the main card broadcasted on pay-per-view and prelims airing on ESPN2 and ESPN+.<br/><br/>The breakdown of UFC 301 UFC Promotional Guidelines Compliance payouts is as follows:<br/><br/>- Alexandre Pantoja: $42,000 (won against Steve Erceg who received $32,000)<br/>- Jose Aldo: $21,000 (victorious over Jonathan Martinez who earned $11,000)<br/>- Anthony Smith: $21,000 (defeated Vitor Petrino who received $4,500)<br/>- Michel Pereira: $11,000 (won against Ihor Potieria who earned $6,000)<br/>- Caio Borralho: $6,000 (victorious over Paul Craig who received $16,000)<br/>- Joanderson Brito: $6,000 (won against Jack Shore who earned $6,000)<br/>- Iasmin Lucindo: $4,500 (defeated Karolina Kowalkiewicz who received $16,000)<br/>- Myktybek Orolbai: $4,000 (victorious over Elves Brener who earned $4,500)<br/>- Drakkar Klose: $11,000 (defeated Joaquim Silva who received $11,000)<br/>- Mauricio Ruffy: $4,000 (won against Jamie Mullarkey who earned $11,000)<br/>- Dione Barbosa: $4,000 (victorious over Ernesta Kareckaite who received $4,000)<br/>- Ismael Bonfim: $4,000 (won against Vinc Pichel who earned $11,000)<br/>- Alessandro Costa: $4,500 (defeated Kevin Borjas who received $4,000)<br/><br/>The payout tiers of the UFC Promotional Guidelines Compliance program are determined based on the fighters' total number of UFC bouts, including Zuffa-era WEC fights (from January 2007 onwards) and Zuffa-era Strikeforce bouts (from April 2011 onwards). The payment tiers are as follows: <br/>- 1-3 bouts: $4,000 per appearance<br/>- 4-5 bouts: $4,500 per appearance<br/>- 6-10 bouts: $6,000 per appearance<br/>- 11-15 bouts: $11,000 per appearance<br/>- 16-20 bouts: $16,000 per appearance<br/>- 21 bouts and more: $21,000 per appearance<br/>Champions earn $42,000, while title challengers receive $32,000.<br/><br/>In addition to the experience-based pay, UFC fighters are entitled to receive royalty payments amounting to 20-30 percent of any UFC merchandise sales featuring their likeness, according to officials.<br/><br/>The full 2024 UFC Promotional Guidelines Compliance payouts include:<br/><br/>- \
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Author Emily Henry joins “Forbes Talks” to discuss the release of her new book “Funny Story,” how 'Booktok' made her book sales surge, and what to expect from the movie adaptations.<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
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