Meta, Apple Earnings: the Key Takeaways

Scott Kessler, global sector lead of technology, media and telecommunications at Third Bridge, discusses financial results of Meta Platforms Inc. and Apple Inc., and their outlook. Meta announced plans to buy back an additional $50 billion in shares and issue its first-ever quarterly dividend. Apple reported a deepening slump in China during the holiday quarter, even as total iPhone sales were stronger than expected and the company returned to revenue growth. Kessler speaks on "Bloomberg Daybreak: Asia."

You can find out more on these stories here: https://www.bloomberg.com/news/articles/2024-02-01/meta-beats-sales-forecast-estimates-announces-first-dividend

and here: https://www.bloomberg.com/news/articles/2024-02-01/apple-reports-first-sales-gain-in-a-year-despite-slump-in-china?srnd=premium
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