tv Bloomberg West Bloomberg September 28, 2015 4:30pm-5:01pm EDT
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is there life on mars? maybe. ita just announced discovered water on mars. now to our lead. the indian prime minister went on a tour with silicon valley's tech elite. they tweeted out pictures from meetings with elon musk, google's executive team, and tim cook. wore a time, the prime minister did not. -- tie, the prime minister did not. you were there this weekend on silicon valley. visit?s in this >> you to look at it from the
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government of india perspective and explores the trade with india and the u.s.. $60 billion of that is a 90 look at are when you his objective of creating a digital india, he is looking at valley from a technology perspective. he is looking at it from an investment perspective more importantly, when you get 13% of the startups in silicon valley -- are doneindians by indians, he tried to bring the environment here. rolling outp one in a digital india will be putting in the necessary infrastructure in place right if you look right now, 85% of the people in india do not have access to the internet. how can silicon valley help him do that, roll out the very expensive infrastructure?
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population does not have access to the internet. what it was look at three years ago to where it is 100 million plus users to 300 million to the last three years. there is a next financial growth taking place in our user base is trying toenge come up with a technology which does not look at the old form of 660,000 of broadband to villages in india itself. i think is a challenge, it requires a lot of investment, a lot of new technologies, and that is what he is looking for. brendan: the u.s. is going to the same challenge right now. private companies, or silicon valley.
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thoses the right mix of three, foreign investment, domestic telecoms, and government and expense? >> government does not have the money. let's be very honest about that. we have to have some kind of a model which is basically public-private partnership. it does give the right to the investors. i think government has to be creative to get the investors to come to india and ensure they are able to generate fair price it -- profit and deliver advanced to the rest of the country. brendan: what structure has to be in place in india? what has to happen for them to increase, other than the internet infrastructure we have been talking about. what does he have to put in place? importantthe most
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things which has to come into transparency and predictability in policymaking. unless you are able to deliver that to the investors in the boardroom, individuals, organizations, will not come in and invest. that is one. -- ease ofasy to doing business we are wasted 42 out of 80 economies fight and world bank. we have to go up the chain and make it easy for people to invest in india i do to get permits to build hotels or factories. until that changes can be tough to get investment into the country. brendan: when we talk about the silicon valley direct investment a lot of the challenges are the exact same as any other industrial investment. >> yes, and now also.
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when i say no, we seeing in e-commerce, we're seeing a lot coming from private equities into companies, all the e-commerce companies leveraging this for a wide variety of services. the thing that seems to be moving on its own. whatever we need to look at, it is more of the large infrastructure. doing business has an effect on silicon valley also. brendan: where you are in washington dc, it seems like indian businesses, the most goal for lobbying silicon valley is getting the right visas in place. helical -- iscond not just a silicon valley goal? >> is as important for india as for silicon valley.
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it does have an impact on indian companies who want to send in more resources helping u.s. companies become much more cost-effective. i think today, the limits does have an impact. what happens is a lot of the services are done from india which can be done here. so i think indian companies and silicon valley focused on trying a solution to this issue. tondan: yesterday i talked the head of the state bank of india, and she said that they are trying to roll out access india. to the actual physical infrastructure of a bank is just as important as the digital infrastructure as they make investment choices. -- did they get that right do they get that right? >> if you look at the last six
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, they haveovernment been able to open 180 million bank accounts for indian citizens. that is without any physical banking infrastructure. we want to focus on digital infrastructure. my recommendation would be in the new model, physical forastructure, buildings banks, are not as critical as digital connectivity because you can still do banking from your mobile phone. thank you for very much -- you very much. visiting minister silicon valley at having sometimes an emotional meeting. moving on, sadly a truce has been declared between two heavyweights. cookl happened when tim
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appeared on stephen colbert's show and about the new jobs movie. joy to work with, i love him to really, i miss him every day. i think there are a lot of people trying to be opportunistic. i hate this. it is not a great part of our world. aaron sorkin is the guy who wrote the jobs movie. he also wrote the zuckerberg movie. that is kind of his thing. he told a hollywood reporter that if you have a factory full assembling in china phones for $.17 an hour, and is call someone else up to reduce the. he apologized, saying he went too far. apple's older record number of iphones over the weekend, thanks to china. is the chinese market getting oversaturated? nasa says there may be liquid water on mars. ♪
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brendan: welcome back to bloomberg west. apple is reporting record sales of its news iphones. more than 13 million. that compares to only 10 million sold for the debut of the iphone 6 and six loss last year. but here is the thing, this year those numbers include sales in china. those are not the case for the last models. how much do those numbers impact the first weekend?
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is the vice president of mobile research. they both attended the iphone event earlier this month. adam, start with you. apple said it was a record, but numbers always grow. what does a record mean? y releaseyear that the an iphone, they hit a new record. it jumped to 13 million from 10 million. but this includes china was could be up to 3 million of that number. so if you take us back out the numbers are about flat. john jackson, in boston, hope us to understand what the market looks like in china right now. there are two different markets, the high-end and a low-end market.
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is the low-end market oversaturated at this white? >> it may well be oversaturated. 2014 look at q2 of 222-2015 we saw the high-end u.s. selling price and above almost doubled from 8.8% of all time to 16 point oh percent of volume. if you look at where apple plays andhat market, that $600 above threshold, that market more than doubled. to 12.3% in 4.9% that one year span. is indicating that the high-end of the chinese market is really almost all apple. at thee killing it high-end of the chinese market and expanding it. this is a company that has been in the business of putting wind in its own sales for quite some time now. is low-end of the market
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oversaturated and you have a couple of rock stars down there. think it is clear that apple does not want to play there. brendan: in china, one of the things we have seen his industrial numbers on 18, equity index six plummeting. crackdown by the party. does the future of high-end look like? >> i do not think there is a stop to it, to be honest. appleok at these numbers, numbers in china, as a percentage of all my phone wasments, i think adam dead on with this number. market, growing to 17.8% of that market, and then to 23.7 percent. apple continues to grow this market, economic regulations and
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headwinds be darned. brendan: should we think of it as just an iphone company? >> without a doubt its most important product, it is the center of their universe and a lot of the other things they do orbits around it at this white. it accounts for more than 60% of the revenue and an even bigger or shut of their profits. everything is centered around that. the percentage of their business that has been growing, they are trying to offset that with other things. have beenales falling, so you are seeing iphone take of a bigger and your piece of apple's business. brendan: how important is the launch weekend? is it like a hollywood movie? do we look at what it does to see what it like overall? >> it is an important metric, but not the most important one. we're talking about these usedes, but we are much
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because of the introduction into china. what will be their perimeter of how the device is selling will come in january when they release how they did in the holiday quarter. the company has been really concentrating around the last three months of the year. how they do the end of the year will really be the best metric of how the company is doing. brendan: what is the next slightly growth market for apple? -- is it anking emerging markets play? >> what is clear to everybody is opportunities, if you're an optimist, they continue to hide in the insight in these emerging markets. int you be some perspective, times thea was 10 volume of the next largest emerging markets, russia, and then brazil.
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if you're optimistically and client, there is a lot of upside left to be mine to these markets. but as adam said apple understands very well that has -- have this dependency right now for the home, for the car, for the risk of for the wallet, what it has done for the iphone. brendan: what we learned is that -- an update from space. strong evidence of liquid water on mars. that is a precursor to finding extra terrestrial life on mars. reach hundredss of meters long and the warmer recede of things
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dying art, particularly for college students in our increasingly cyber connected world. he points to a 2010 study that showed a 40% decline in empathy among college students, most of the drop coming after the year 2000. the best way to counter an ever more socially awkward world is to focus more on personal relationships and less on cell phones and other devices. the on-demand economy needs education. an online education marketplace that is meant to close the skills gap in the work horse in a more efficient way -- in the workforce in a more efficient way. they saw student interest in relevant web developed courses rise to 30,000. i'm fascinated by your model. i poked around a little, and i discovered i can learn how to cook thai food at which is
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something i've been wanting to do. what is this is gigi between learning something and becoming certified in something? how important is the certification and the workforce? >> is a great question. it really depends upon the intent of actual students are. we have plenty of students who are coming in to learn and they want to learn a very specific skill set. they want to get a bite sized chunk of knowledge and then leave area they are not only learning, but the certification. theirare those who use experience as currency to get a new job role. brendan: our employers coming along with the? -- with you?
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do you need an academy certification? >> you do not. at the end of the day, you can see that. it is so much easier to see if someone has the skills to be ready for a particular role rather than just having that certification. they're all using them to train their employees. brendan: one thing that was offers from johns hopkins, stanford, and writing about to learn david smith. -- data management. how do you compete with an accredited organization and in any way put it anywhere on my resume? >> at the end of the day, there are certainly a class that comes from traditional academia. we do not only with university partners. we have an entire marketplace model.
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believe thatually is possible to decide and determine it is what people want to learn in the future. we open it up to our community of experts to dictate which way people want to go. we work with the everyday experts that are actually working in these fields. brendan: what an primary and secondary schools learn from this? >> let's face it. traditional education was built from a time that was a long time ago and there has been a lot of changes in the world around us, especially in the world. as a result you have this gap between what traditional academia leaves off and what is happening in the rest of the world. the second piece is how people consume content today does not feel very different structuring education around and experience in a classroom, or people on their devices, there is a mismatch in terms of evils expectations of how they engage
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content outside cool. curious whatreally the difference between what people outside the u.s. want to learn, and what people inside the u.s. what to learn. >> today we're seeing a lot of similarities. run technology business and professional's goals. but there are a lot of nuances in terms of what it is people want to learn and from whom. how do you learn leadership in germany may be different than in the u.s.. brendan: thank you. that does it for this edition of bloomberg west. show, all thee details from google's nexus launcher that we will see you then. ♪
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al: i am al hunt. john: john heilemann. and with all due respect, life on mars isn't going to come down here. john: happy national drink beer day sports fans. i am absolutely serious. so are barack obama in vladimir putin. here is a picture of them clinking glasses at the u.n.. sure, it is not beer, but everyone knows it is impossib
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