Apple dominates tablet sales, SNAP to unveil earnings, Walmart dives into VR
Here’s a look at some of the companies the Yahoo Finance team will be watching for you today.
Apple (AAPL) still dominates the tablet market. Shipments of Apple’s iPads grew more than 2.5% last year to nearly 44 million units. At the same time overall tablet shipments actually fell 6.5% in 2017.
Snap (SNAP) is out with earnings after the bell today. The parent company of Snapchat is expected to post a loss of around 33 cents a share but a beat on revenue. Shareholders will also be looking for growth in Snap’s ad sales after switching from direct sales to the same auction-based model used by Facebook and Google. Snap was one of very few companies to end in the green after yesterday’s selloff
Toyota (TM) revised its earnings forecast. The Japanese automaker now expects to see a record annual net profit thanks to robust global sales and a weaker yen. Toyota says profit will also get a boost from President Trump’s tax breaks.
Walmart (WMT) wants in on virtual reality. The retail giant is buying VR startup Spatialand to build VR products for Walmart’s stores and websites. No word on the buyout price. The move comes as brick-and-mortar stores continue to look for new ways to get more customers through its doors.
