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May 6, 2024
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bloomberg's mark gurman is with us. however you want to talk about it, always a great tell. we had been worried about its previous earnings but now it looks like from a month on month basis or a year on your monthly posting, we are getting record sales for the company. mark: if you look at the prior quarter, they raised their revenue, expectations were not so hot, and then apple revealed iphone sales for the previous quarter last week and you saw the iphone come in $5 billion down on a year-over-year basis. but let me get to the june quarter, the current window we are in. apple said it expects to grow low single-digit, so growing for the -- single digits, so growing for the first time in a while. it seems to align with that given that they assemble a vast majority of iphones via foxconn. it is also development and manufacturing of ai servers for various companies. however, i don't believe the ai servers that foxconn is building are connected to apples ai announcement coming in june. for all intents and purposes, the ai from apple be on device at least from the get-go and pro
bloomberg's mark gurman is with us. however you want to talk about it, always a great tell. we had been worried about its previous earnings but now it looks like from a month on month basis or a year on your monthly posting, we are getting record sales for the company. mark: if you look at the prior quarter, they raised their revenue, expectations were not so hot, and then apple revealed iphone sales for the previous quarter last week and you saw the iphone come in $5 billion down on a...
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May 2, 2024
05/24
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bloomberg's mark gurman for more on what to expect. let's kick off with apple because it is the huge company many focus on. what are we lining up for? mark: the expectation for the fifth time in six corners apple will report an annual decline. revenue is expected to come in at about $90 billion, which would be a $5 billion tip on year-over-year. the other thing that is not so hot, all of apple's product categories, hardware categories from the iphone to the ipad, the mac, wearables, those are expected to decline on an annual basis. the only bright spot being significant growth in the services business. another decline in greater china on the heels of reports from counterpoint and others that iphone sales in china dipped about 1/5 despite the smartphone market going up in general. $90 billion in revenue is a big number, that is amazing for most companies. for apple wall street would have liked a bit more. ed: hardware and services is a wild story when it comes to peloton. let's show the two day chart. opened as high as 18% and is now do
bloomberg's mark gurman for more on what to expect. let's kick off with apple because it is the huge company many focus on. what are we lining up for? mark: the expectation for the fifth time in six corners apple will report an annual decline. revenue is expected to come in at about $90 billion, which would be a $5 billion tip on year-over-year. the other thing that is not so hot, all of apple's product categories, hardware categories from the iphone to the ipad, the mac, wearables, those are...
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May 3, 2024
05/24
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let's get more on those numbers and bring in bloomberg tech reporter mark gurman. what's to doubt the most from these numbers? mark: the biggest highlight was apple did better in china than counterpoint research and others had anticipated. they had said that iphone sales in china had declined by 19%. tim cook was asked to try to square that away on the earnings call. but how could he? these are third-party analyst reports making a claim. apple has the actual numbers. they don't know where the other numbers are coming from. who knows if counterpoint or the others know whether numbers are coming from? the reality is china iphone numbers, not so hot. but cook is saying that it has nothing to do with the iphone, it is the company's other products. the other two investor. was wearing accessories. it came in at $900 million below where we set a year ago. not so great given the vision for launch this quarter. sales are only going to go down from here during the current pricing cycle, on the car in front of cycle for that product. not creating any growth in that category i
let's get more on those numbers and bring in bloomberg tech reporter mark gurman. what's to doubt the most from these numbers? mark: the biggest highlight was apple did better in china than counterpoint research and others had anticipated. they had said that iphone sales in china had declined by 19%. tim cook was asked to try to square that away on the earnings call. but how could he? these are third-party analyst reports making a claim. apple has the actual numbers. they don't know where the...
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May 2, 2024
05/24
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haidi: bloomberg technology reporter mark gurman. thank you for bringing us some analysis on those apple numbers. we will get more a little later on. sticking with tech, huawei has been one of the biggest competitors domestically for that difficult china market for apple. bloomberg has learned that huawei is secretly funding cutting-edge research at u.s. universities through an independent foundation in washington. that is despite a web of conditions over national security concerns. it is an incredible story. how were they able to do this? to get around, as we say, what has been an intricate web of restrictions to be able to fund this research in secret? >> yeah, it's very interesting. basically, huawei a few years ago started funding a research competition that was administered through a foundation based in washington, d.c. what we have learned through our reporting is that these are hundreds of researchers from top universities in the u.s. and around the world including places like harvard -- these researchers are applying to get f
haidi: bloomberg technology reporter mark gurman. thank you for bringing us some analysis on those apple numbers. we will get more a little later on. sticking with tech, huawei has been one of the biggest competitors domestically for that difficult china market for apple. bloomberg has learned that huawei is secretly funding cutting-edge research at u.s. universities through an independent foundation in washington. that is despite a web of conditions over national security concerns. it is an...
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May 29, 2024
05/24
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we will go to bloomberg's mark gurman. it might sound like a familiar story because it's happening in the united states this time the china side of that discussion. caroline: all of this in a picture of how big tech behemoths have been performing at the moment. we know apple's under pressure for the last couple of months really but hedge funds positioning more broadly. we find a new record high. strong earnings report last week. got into goldman sachs prime brokerage saying the magnificent seven is now accounting for close to 21% of hedge funds total exposure. a sentiment checked on big tech allocation and companies going public. global head of technology investment is with us. you have so much wealth of experience and expertise in the investment banking market. in particular focus you of companies going public grade what's the sentiment of access to growth companies in the u.s. right now? kristin: if you look at the 500 or so tech companies public right now that are to billion dollar cap -- market cap, there are less than
we will go to bloomberg's mark gurman. it might sound like a familiar story because it's happening in the united states this time the china side of that discussion. caroline: all of this in a picture of how big tech behemoths have been performing at the moment. we know apple's under pressure for the last couple of months really but hedge funds positioning more broadly. we find a new record high. strong earnings report last week. got into goldman sachs prime brokerage saying the magnificent...
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May 3, 2024
05/24
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bloomberg technology reporter mark gurman has more details. mark: apple reported better than anticipated q2 earnings results with the iphone declining about $5 billion on an annual basis, in addition to the same for overall revenue, within the device actually growing in mainland china, according to ceo tim cook. the ipad also declined, but that was to be expected, given that the device have not been updated since the end of 2022, and that new versions of the ipad pro and ipad air are coming next week. services and the mac bright spots on apple's earnings report, bringing in growth to the iphone maker compared to the year ago quarter. one a negative was the wearables home and accessory calgary, which fell about $800 million. the company's cfo said this was due to a tough compare from a year ago when the apple watch ultra and the second-generation airpods pro saw strong sales in the second quarter of last year. analysts and apple executives were all very clearly excited about the prospect of apple moving into generative ai. apple plans to announ
bloomberg technology reporter mark gurman has more details. mark: apple reported better than anticipated q2 earnings results with the iphone declining about $5 billion on an annual basis, in addition to the same for overall revenue, within the device actually growing in mainland china, according to ceo tim cook. the ipad also declined, but that was to be expected, given that the device have not been updated since the end of 2022, and that new versions of the ipad pro and ipad air are coming...
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May 8, 2024
05/24
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bloomberg's mark gurman looks at a few names emerging as potential successors. read that on the terminal now as well as on bloomberg.com at businessweek. we will have more ahead on daybreak australia. annabelle: breaking data. japan wages data for march. actually the numbers are undershooting economist surveys. we reading your has come in at .6% growth. that was versus the survey for 1.4% growth. quite under what our bloomberg economics team had been projecting. that does not bode very well into what we see on real cash earnings basis given there is quite a big contraction down 2.5%. the survey had been for -1.4%. and worsening for the month prior reading. not a great outlook coming through for wages growth. certainly not numbers the boj will be wanting to see at this point in time given there had been all that optimism around wages growth in the country following the successful wage negotiations that concluded earlier this year. labor cash earnings very much undershooting economist surveys. let's keep with japan because we have toyota numbers as well. the compa
bloomberg's mark gurman looks at a few names emerging as potential successors. read that on the terminal now as well as on bloomberg.com at businessweek. we will have more ahead on daybreak australia. annabelle: breaking data. japan wages data for march. actually the numbers are undershooting economist surveys. we reading your has come in at .6% growth. that was versus the survey for 1.4% growth. quite under what our bloomberg economics team had been projecting. that does not bode very well...
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May 9, 2024
05/24
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mark gurman takes a look at some names emerging as potential successors. you can get that story on the terminal right now. it is also online at bloomberg.com and businessweek. annabelle: some other corporate stories we are following, shopify shares tumbled after the canadian e-commerce company pledged to continue investing in marketing despite the pension profits. the firm sees growth margins in the current period narrowing, a forecast which shadow -- overshadowed its strong performance. shares saw biggest intraday decline ever reflecting concerns about future profit margins. airbnb is providing lackluster guidance for a second consecutive quarter, suggesting growth and travel spending will slow further before the peak summer season kicks in. it sees revenue for the current quarter between 2.6 -- i airbnb is blaming the earlier timing of the 2024 easter holiday as well as currency had went. nomura has joied -- sig. anti- is -- sig. anti- -- the fund, its founder, and a former dealer say they will vigorously defend themselves. country garden is said to be s
mark gurman takes a look at some names emerging as potential successors. you can get that story on the terminal right now. it is also online at bloomberg.com and businessweek. annabelle: some other corporate stories we are following, shopify shares tumbled after the canadian e-commerce company pledged to continue investing in marketing despite the pension profits. the firm sees growth margins in the current period narrowing, a forecast which shadow -- overshadowed its strong performance. shares...
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May 3, 2024
05/24
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gurman. long day for you yesterday. i think that sums it up. not as bad as we had feared. but we still have questions about the path forward. what did executives tell us last night? mark: i think you are exactly right, as always. things were not as bad as we anticipated. wall street anticipated, with their estimates. but things were not great. they still had about a $5 billion decline on overall revenue. they still had a pretty big decline on the iphone. the mac and services were bright spots. people knew that new models were coming out next week, and wearables, home, and accessories, that was quite disappointing, coming in at 7.9 billion -- $7.9 billion. despite the fact that the vision pro launched on february 2. looking ahead, the big thing, artificial intelligence. it felt like every other question low call -- question on the call was about ai. they did not move an inch on that front. you will hear more about that at the worldwide developer conference. ed: you have already set out the chr
gurman. long day for you yesterday. i think that sums it up. not as bad as we had feared. but we still have questions about the path forward. what did executives tell us last night? mark: i think you are exactly right, as always. things were not as bad as we anticipated. wall street anticipated, with their estimates. but things were not great. they still had about a $5 billion decline on overall revenue. they still had a pretty big decline on the iphone. the mac and services were bright spots....
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May 28, 2024
05/24
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well, there are changes coming to your iphone, bloomberg's mark gurman says apple is working on get this a i emojis. your phone will make up an emoji on the fly based on what you're texting. and as weird as this sound, you'll be able to change the colors of your app as well. this all will come in ios 18, and they're also talking about better siri. i which i think we all agree is a great idea. the color thing is, we were talking earlier is interesting. you know, you would think netflix would want a red icon. it's their logo, right? exactly. but the idea being that, you know, you make all your financial apps green and all your social blue, or i think i make all my health things blue and, you know, whatever, whatever works for you. people do that with their screens already. yeah, true. but for advertisers, you know, i wanted. right? totally. yeah. coca-cola in purple. i don't think that would be awkward. that's okay. that's a good thing. the peacock has all the colors. 617 right now. have you heard about this? beachgoers in southern california getting the all clear after several shark sight
well, there are changes coming to your iphone, bloomberg's mark gurman says apple is working on get this a i emojis. your phone will make up an emoji on the fly based on what you're texting. and as weird as this sound, you'll be able to change the colors of your app as well. this all will come in ios 18, and they're also talking about better siri. i which i think we all agree is a great idea. the color thing is, we were talking earlier is interesting. you know, you would think netflix would...
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May 28, 2024
05/24
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bloomberg's mark gurman says the apple is working on eye emojis. your phone will make up emojis on the fly based on what you're texting. and as weird as this sounds, you'll be able to change the color of your apps. can you imagine netflix and green? so the reason you might want to do that is maybe all of your financial apps will be green. all your communication apps or, i don't know, red health apps or blue, though, because for advertising, you know, the logo, the logo expects certain things to be certain colors. now they're also going to have a new ai in siri, which is going to be very welcome. worldwide developers conference can't quite remember what it is, but it's next month. this is when we'll see all of this. and you know, a smarter siri would be welcome. i don't know what you're talking about. oh look, speaking of apps, scott, how about this google is rolling out a new feature. this is for the android youtube music app, which is similar to shazam that feature is going to allow you to hum, whistle, sing, or even play the recording of that son
bloomberg's mark gurman says the apple is working on eye emojis. your phone will make up emojis on the fly based on what you're texting. and as weird as this sounds, you'll be able to change the color of your apps. can you imagine netflix and green? so the reason you might want to do that is maybe all of your financial apps will be green. all your communication apps or, i don't know, red health apps or blue, though, because for advertising, you know, the logo, the logo expects certain things to...