Target earnings top estimates, Apple iPhone sales plunge in China: Yahoo Finance Live
Target (TGT) shares are moving higher this morning after the company reported fourth-quarter earnings that topped analyst estimates. CEO Brian Cornell told Yahoo Finance that the company will concentrate on returning to growth mode, focusing on numerous areas, including opening new stores, introducing private-label brands, and introducing a new Amazon (AMZN) Prime rival. Apple (AAPL) is under pressure this morning after a research note from Counterpoint claimed iPhone sales in China fell 24% year-over-year in the first few weeks of 2024. It has been a rough start to the week internationally for the tech giant. Yesterday, the company was fined nearly $2 billion by EU antitrust regulators over app store rules surrounding music streaming. Yahoo Finance trending tickers include Tesla (TSLA), NIO (NIO), and MicroStrategy (MSTR).
Key guests include:
9 a.m. ET - Craig Johnson, Piper Sandler Managing Director
9:40 a.m. ET - Michael Fiddelke, Target CFO and COO
11:30 a.m. ET - Peter Beck, Rocket Lab CEO
