Bloomberg Businessweek

The people, companies and trends shaping the global economy.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Apple Inc.’s revenue in the holiday quarter trounced Wall Street estimates, driven by strong demand for the new iPhone 17, growth in services and a rebound in China.

Revenue jumped 16% to $143.8 billion in the period that ended Dec. 27, setting a record, the company said in a statement Thursday. Analysts had estimated $138.4 billion on average, according to data compiled by Bloomberg. Apple’s own projections were for an increase 10% to 12%.

“IPhone had its best-ever quarter driven by unprecedented demand, with all-time records across every geographic segment,” Chief Executive Officer Tim Cook said in the statement.

The results reflect the success of Apple’s latest iPhone, a product line that accounts for roughly half its revenue. Higher-end versions of the device have been especially popular, helping further fuel sales and profit for the company.

Apple’s renewed growth should help ease concerns about its artificial intelligence push, which is getting an overhaul this year after recent stumbles. The performance also suggests that the company is coping with tariffs, which Apple previously said would create a $1.4 billion headwind in the quarter.

Today's show features:
Bloomberg News Managing Editor for Global Consumer Tech Mark Gurman on Apple’s last financial numbers
Bloomberg Tech Co-Host Ed Ludlow dissects Apple’s earnings report
Tom Narayan, Lead Equity Analyst, Global Autos at RBC Capital Markets, on Tesla earnings and the broader car market
Lauren Goodwin, Economist and Chief Market Strategist at New York Life Investments on geopolitical risks in markets and the weakening US dollar
See omnystudio.com/listener for privacy information.

SpaceX has lined up four banks to lead its initial public offering, according to people familiar with the matter, as Elon Musk’s rocket and satellite firm moves forward with plans for the biggest-ever listing. The company sees Bank of America Corp., Goldman Sachs Group Inc., JPMorgan Chase & Co. and Morgan Stanley in senior roles, the people said, asking not to be identified as the information isn’t public.
Kelly Rodriques is the CEO of Forge Global, a leading provider of marketplace infrastructure, data services, technology and investment solutions for the private market. The firm was recently acquired by Schwab in a deal expected to close this year. Kelly breaks down Forge’s latest data highlighting 2025 private market performance and expectations for the IPO market in 2026, including a protentional mega-offering for SpaceX. He speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.
See omnystudio.com/listener for privacy information.

Bloomberg's Tom Keene and Jonathan Ferro discuss remarks from Fed Chair Jay Powell following the Federal Reserve's latest policy decision on a special edition of Bloomberg Surveillance.
Federal Reserve officials left interest rates unchanged and pointed to improvements in the US economy as they signaled a more cautious approach to potential future adjustments.

The Federal Open Market Committee voted 10-2 Wednesday to hold the benchmark federal funds rate in a range of 3.5%-3.75%. Governors Christopher Waller and Stephen Miran dissented in favor of a quarter-point reduction.
See omnystudio.com/listener for privacy information.

Bloomberg's Tom Keene and Jonathan Ferro break down the Federal Reserve's latest policy decision on a special edition of Bloomberg Surveillance
See omnystudio.com/listener for privacy information.

Stamatis Tsantanis is the Chairman and Chief Executive Officer of Seanergy Maritime Holdings Corp. He joined the Company in 2012 and led its rise to a world-renowned pure-play Capesize company listed in the US, with cargo carrying capacity exceeding 3.4 million deadweight tons. Stamatis is also the Founder, Chairman and Chief Executive Officer of United Maritime Corporation, an independent diversified public shipping company that was initially established as a subsidiary of Seanergy.

The two companies have a combined fleet of 25 ships sailing around the world, with each measuring roughly the size of two football fields and hauling a variety of dry bulk commodities to various destinations. Stamatis discusses the health of the global shipping industry and how exogenous events such as wars and other geopolitical tensions affect his business. He speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.
See omnystudio.com/listener for privacy information.