and a quick reminder of the top story we're following for you today. and pakistan. millions who've been affected by record breaking floods are now facing the threats of water born diseases. dr. say they've been treating 1000 and suffering from diarrhea, skin infection, and other ailments. they with us now for business with daniel a winter and a 1st look at the new i phone. i'm nicole really from me and the entire team and the newsroom. thank you so much for a company today with people in trucks injured when trying to flee the city center. more and more refugees are being turned away as the border. families play involvement tags in syria to lease credit donors with extreme

ross getting 200 people around the world. more than 300000000 people are seeking a lawyer because no one should have to flee. make up your own mind. w. made for mines. ah, ah ah, well, today's the day for tech fans, apple's just unveiled it's new i phones, but with fears of a global recession and consumers tightening their belts can world's biggest company keep up the record profits will get the expert view. also coming up putin has renewed his threats to block energy grain exports. but what's his end goal for the russian economy?

and no signs of el dorado for el salvador one year after it made bitcoin legal 10. is that time again? the w business. welcome. apple has unveiled its new iphone 14 models, along with new earbuds and watches. it's the same old story upgraded screens, better cameras and some cool new features. but the real story is that despite price inflation across apple supply chains, it kept the prices for the devices. the same as last year, global smartphone sales fell 9 percent the last quarter year on year. but the last iteration of the i phone the so far managed to buck the trend. so much so the apple is expected to reap a record $205000000000.00 total this fiscal year from i phones alone. dan ives, as managing director for equity research at wed bush security. thank you very much for joining us, dan. apple has seen record profits and sales over the past couple of years. it's bucking the trend of slowing for smartphones sales. but with fears of recessions

and rich economies, consumers tightened their belts. even the idea of i phone saturation, the device is so popular. what does all this mean for apple? also resolved between the 2, i from 1314, almost sworn did 55 and or 1000000 i phones. it speaks to ultimately they are in a pent up demand cycle and them not raising prices was a shock, but it just shows them further flexing their muscles in the supply chain craziness . so it seems to be that apple needs to go more in the direction of squeezing revenues from existing customers through software and services, and they are already positioning themselves in that direction. so how can they maximize their potential revenue? this book services business here as you point out in service is going to be in 90 billing in the our revenue stream annually will be over

a 100000000000 and you were gone to 18 months. yeah, i think that from evaluation perspective is actually worth 1.2 to one point. 4 trillion. that's a big reason. the stocks don't word as but if you look at the install base, they're still only 15. 20 percent penetrated and they have an unparalleled install base in terms of monetize a and it goes back to 99 percent of apple customers stay with apple and that continues to be a big car. their success. ok, so very good brand loyalty there and room to go up in terms of how much money that they can get out of their customers. but their room is also the apple is looking for the next industry to disrupt where it can make i phone style gains could be virtual reality, a car, even top t a gaming. where could they all, should they go next? you know, i think, and i think they've already started to build it. and in early 2023, we the release of glass which will be the

a r v our heads. and i know it can be significant in terms of next product release that, that alternately is really going to go more and more in the metaphors for apple. and then i believe the big product in 2025. we think that's when they come out with the apple car, the like we partner with b w on one day or potentially other car. you know, other players out there in the o. e m space, but did you shoes the innovations going to continue that app on? i think many continued to getting almost count them out. but yet again, again, they continue works. their muscles are suddenly, the expectations are high for where apple could go. next. done. ives of what bush securities, thank you very much for joining us, thinking and we're gonna head over the hudson now to join against quarter in new york as we do every day. apple stock is actually down 14 percent so far this year. why, of investors fallen out of love of with the world's biggest company?

well, i mean, daniel, if you look at the evaluation of apple, the company is still worth about $2.00 trillion dollars. so that it's more than all the big $40.00 companies that bring on the table. and it is the most valuable company here in the united states. if not, they their highest value a, to a private company on the planet them. and overall, i mean, it has been it tough this year for tech stock them, partly because we do see sometimes that the global economy is cooling down. so that might be effect or that some tech stocks all into bio meant of higher interest rates are under pressure about the not the composite, for example, has lost much more so far this year than apple. apple just caught up in the wider cell off there. but the new iphone, as we mentioned, were introduced today, but we also talked with don,

i just now about the importance of software. so all these events for these big new phones and fancy new hardware as pivot tool is the one for well, overall, those events are still very important. but if you look at the stock price and the reaction on the wall street, usually there isn't such a big reaction, at least on the day when those new products are shown and are coming out. it was wednesday event. the biggest news, so to speak was something that apple did not change, and that was the price for the new i phone generation so that at least for consumers, if a good sign. but with those economic pressure in china, especially in europe, we will have to see how well those products really sell. yeah, it'll be interesting to see if the current economic stock circumstance is going to have a big effect on apple sales in the quarter, as always. thank you very much. now to some of the other global business stories making use. the romanian government has offered to help bring back thousands of romanians stranded abroad. that's after the country's largest private airline,

blue air suspended flanks. the carrier grounded planes after it's accounts were blocked for not paying emissions. certificates, romania transport ministry is earmarked over a 1000000 euros for state airline tarren to bring home the stranded travels. russia's top lender spur bank expects russian g d p to contract by 4 and a half percent this year. so bank c e o says the banking sector has started to recover from the impact of sanctions. the bank expects to post a profit at the end of the year. and oil prices have fallen to the lowest levels and flushes invasion of ukraine and february rent group dropped below $88.00 a barrel emit looming recession risks from the global economy. surging inflation and rising interest rates are weighing on consumption. i'm going to stick with russia. russia's president has put up a defense of his economy at the eastern economic form in russia's pacific port, city of leduvo stock. but emer putin branded europe's claim that he was using

energy exports as a weapon. nonsense that while threatening to stop export altogether, if brussels introduces its proposed price cap on russian gas imports. instead, he's looking to asian nations for comfort. swamped with potent downplayed the impact of lost revenue if russia cuts off natural gas deliveries to more countries . he said, russia will have no problems sewing, it's gas 2nd, insisting that global demand for russian energy supplies remains high as i shrugged him. thus does the post up a sum of all you have to do is look at a map, was in actually using our natural competitive advantages, but we will continue to build our transport capacity, expand our network of roads and railways, build new approaches to see terminal snow and increase their capacity with yet the pollutants said the kremlin had already made a deal with china for deliveries of gas via mongolia. there to say you are the only sh that what the reality of the situation is with the war of ukraine. russia has

burnt all bridges to the west and is now really much very much relying on, on china and india to export its energy. despite putin's optimism, an internal russian government report obtained by bloomberg news warner about the true impact of western sanctions. it says russia could face a long and deep recession. once the sanctions start to bite. bitcoin is still seen as a haven for investors who want the thrill of a high risk fact, but that doesn't stop. i have kelly el salvador as president from making the crypto currency legal tender last year. it's fair to say, but kelly's bitcoin bet has not gone to plan out there. monica diaz doesn't remember the last time a customer paid with bitcoin. she says no one here cares much for the crypto currency. as for herself, she spent the $30.00 in bit con, that the government gave out to every citizen. and that was it. for sure,

i bought something for myself with those $30.00. i'm about. i mean, as to that not much happened in her app. that's a far cry from the economic miracle precedent night bouquet they had promised. turning himself into an avatar voice fans talking about investment wealth and a huge vision, but considering bit coin, city, and nearly tax free community run on energy from a nearby volcano to a mission. lucille complex mittens so far, none of this has happened. bitcoin has crashed and people still prefer u. s. dollars. most of them barely have any savings anyway. they earned just enough to get by with nothing left to invest in shaky bushel currencies. but, but allow up all assume salary. the instability of bitcoin is a problem for people. a drop of $0.25 a day can make the difference between the eating and not eating or nakamura. in as

sunday tourist hotspot an hour from the capital city, people were looking forward to the bid con project, expecting visitors to pay for their coffee using crypto easy. i run to get done and we thought they would all come to be part of a bit con revolution. turns out the revolution never started. hotel owners were early adopters, have become weary as bitcoin, se value dropped the little boy fuss in thinking. oh, it's not easy to understand bitcoin, i think there's potential in long term investment, but that would be my personal risk as an entrepreneur. if amelia sion, the can 2nd go lot president will, kayla has invested public funds and bitcoin, and it's unclear how much we're going. this is weeks gifts, some hints economists. ricardo castaneda puts his estimate at $225000000.00 and expect a loss of $60000000.00 records. those couple the young if that money could have

gone into education or into feeding people, less half of the population doesn't have enough to each other. since they would allow that even 30, monica diaz had invested $20.00 in bid khan, and lost half of that. like most people in el salvador, she prefers to stick with you as dollars now. and that's it. you're up to date with d. w business. thank you. very much for watching. parched soil. as far as the i can see in east africa, millions of people are suffering from famine and drought. in their desperation, farmers are slaughtering their weekend animals. if it does not rain soon, their livelihood will be lost forever. global $3000.00. wow.

how's it from? air vapor real. what sounds like a joke at birth. i can medium started up, wants to make reality soon. find out how they came up with this idea, how it works, and how it will help the environment in made in germany in 60 minutes on d w. oh we're all set to go beyond the obvious where as we take on the world, 8 hours, i do all this. yeah. we're all about the stories that matter to you.

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