Hey Snackers,
Forget kombucha taps: Tesla's flaunting wild horses as its latest work perk.
Stocks ticked down yesterday, and Netflix reported a big subscriber slowdown.
It's the ~ aesthetic ~ for Apple... Yesterday, Apple hosted its first event of the year. Starburst must have taken over Cupertino, because the tech giant unveiled a slate of deliciously colorful products. Like: a lavender-colored iPhone 12, and an iMac that comes in seven dreamy colors, including peach and mint. Apart from tea-flavored tones, Apple dropped:
The star of Apple's show... is also its worst-kept secret. Apple finally unveiled AirTags, little Bluetooth buttons you stick on things like wallets and keys to locate them (yep, just like Tile). They start at $29 each and drop on April 30. AirTags use Apple's U1 chip — the same one used in iPhone 12. The chip will make AirTags trackers more accurate than those from Tile, Samsung, and Sony. Also...
AirTags = ultimate brand power move... Apple’s powerful brand is a statement – that's currently limited to Apple devices. But with AirTags, people can slap expensive Apple labels on non-Apple products. The Find My network will expand beyond your iPhone, to your wallet, suitcase, and $300 Hermès key chain (seriously: Apple created one). Unlike Tile, AirTags are fancy-sleek: stainless steel and Apple-branded, with a smiley face on one side. There's a built in speaker that rings to help you find items. To cap it off, you can add free engraving (emojis included).
Charmin, Tide, Gillette, Swiffer... Your pandemic grocery list = Procter & Gamble's pandemic winners list. In October, the consumer packaged goods giant dropped its largest quarterly sales increase in 15 years (thanks to obsessive sanitizing). Last quarter, sales jumped 5% — the slowest increase in three years. But the headliner from P&G's earnings was price hikes.
Your PB&J is getting pricier... P&G isn't the only consumer giant hiking prices — we're seeing the first widespread increases since 2018. As supply chain shortages and inflation raise prices, CPG giants are passing on the costs to consumers.
Prices are fueling inflation concerns... but they may be overblown. People are worried that the purchasing power of the dollar could decrease, and prices could rise. Trillions of $$$ have been pumped into the economy over the past year, boosting spending (and sometimes, prices). As "revenge spending" soared in March, consumer prices jumped 2.6% from 2020 — the largest rise since August 2018. But Fed Chairman Jerome Powell said that one-time price increases will likely have only short-term effects on inflation (which has been hovering at a tame ~2% since 2008). While we're seeing prices rise faster in some sectors, like food, the Fed expects overall inflation to stay in check.
Authors of this Snacks own shares of: Apple
ID: 1614168