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Bloomberg

Breaking Down Apple's 3Q Results and Outlook

Apple sales grew more slowly than analysts anticipated in China and its services business last quarter. Though total revenue topped estimates, the China sales amounted to $18.8 billion in the fiscal third quarter, well short of the $19.6 billion estimated by analysts. Revenue from services was $30.7 billion, compared with a $31.4 billion projection. Mark Gurman breaks down the numbers on "Bloomberg The Close."

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Bloomberg

Rivian Sees R2 Driving Its Path to Profitability

Rivian CFO Claire McDonough joins Bloomberg's Ed Ludlow as the EV maker begins delivering its highly anticipated R2 SUV. She discusses early customer demand, the production ramp, and why the more affordable vehicle is expected to drive Rivian toward automotive gross-profit positivity by the end of 2026. McDonough also outlines the company's capital position, software strategy, and how recurring software revenue is becoming a larger part of the business.

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Bloomberg

Mark Zuckerberg is Trying to Compete With Everyone, Says Laura Martin

Laura Martin, senior entertainment & internet analyst for Needham & Company, said that she is worried about Meta's strategy because Mark Zuckerberg keeps moving the goalposts on who he is taking on as competition. Martin said that although Zuckerberg's ideas might be good, the strategy is too diffuse to corner the market on chips or or AI.

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Bloomberg

New 'Insensitive Borrower' in the Marketplace: TCW's Whalen

Bryan Whalen, CIO and generalist portfolio manager of fixed income at TCW, and Winnie Cisar, global head of credit strategy at CreditSights, join Scarlet Fu on "Bloomberg Real Yield." For months, Big Tech has flooded debt markets with mega bonds that were initially snatched up by investors keen to get exposure to the AI boom. As demand wanes and bubble concerns mount, those deals are becoming harder and costlier to get over the line.

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