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beef. what's your story? ready ready he wasn't, i was women, especially and victims of vine and seen a lot of them take part and send us your story chain. always to understand this new culture. so you are not a visitor, not the guests. you want to become a citizen in full migrants, your platform for reliable information. ah, well, today's the day for take funds, apples just unveiled it's new i phones, but wait for years of a global recession and consume as tightening bad belts. can the world's biggest company keep up? the record profits will get the ex, but vs also coming up, putin has renewed his to block energy grain exports. but what's his end goal for

the russian economy? and no signs of el dorado fell salvatore. one year after it made bitcoin legal, 10 is that time again? the w business. welcome apple is unveiled. it's new i phone 14 models along with new earbuds and watches. it's the same old story upgraded screens, better cameras and some cool new features. the real story is that despite price inflation across apple supply chains, it's kept the prices for the devices, the same as last year. global smartphone sales fell 9 percent in 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 with fears of recessions and rich economies, consumers tightening their belts, even the idea of i phone saturation. the devices is so popular. i spoke to dan ives,

managing director of equity research. it went bush securities and i asked him what all of these problems mean for apple? it speaks to ultimately they're in a pent up demand cycle in them, not raising prices was a shock, but it just shows them further collecting their muscles in the supply chain crashes . 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're already positioning themselves in that direction. so how can they maximize their potential revenue? that book services business, you know, as you point out in service is going to be a $90000000000.00 revenue stream and you'll be over a 100000000000 jewel gallon to 18 months. yeah, i think that from evaluation perspective is actually worth 1.2 to 1.4 trillion. that's a big reason. the stocks don't where that. 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 monetizing and it goes back to 99 percent of apple customers stay with apple and that continues to be a big part of 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 tier gaming. where could they or should they go next? you know, i think, and i think they've already started to build it. and in early 2023, we believe that really sap of glass, which would be the a or the our heads. and i never can be significant in terms of next product release . dead ultimately 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. they like we partner with you on monday or potentially other car. you know other players out there in the o. e m space, but did you shoes the innovation going to continue 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 speaking. and we're gonna head over the hudson now to join against quarter in new york as we do every day. and yes, 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, then you'll, if you look at the valuation of apple, the company is still worth about $2.00 trillion dollars. so, so that is more than all big 40 ducks companies that bring on the table and it is

so the most valuable company here in the united states, if not of the herb, their highest evaluated private company am on the planet dim and overall. i mean, it has been a toughness year of for a tech stocks and partly because, so we do see some signs that the global economy is cooling down as so that might be a factor that to some text oxygen to via ment of firm higher interest rates are under pressure about the nasdaq hope was it, for example, has lost much more so far this year than apple. s. so apple just caught up in the wider cell off there. but the new iphones, as we mentioned, were introduced today. but we also talked or with dan, i've just now about the importance of software. so are these events for these big new phones and fancy new hardware as pivotal as they once were? well overall, those events are still very important. but if you look at the stock price in 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 will be much more important to see in the next couple of weeks the next, when we get the next earnings report to how well those products actually sell. and if we talk about this wind state event, the biggest news so to speak was something that apple did not change. and that was the price for the new iphone 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 news. 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 its accounts were

blocked for not paying emissions. certificates. romania transport ministry has earmarked over a 1000000 euros for state airline tarren to bring home to stranded travelers. russia's top lender spur bank expects russian gdp 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 their lowest level since russians invasion of increase in february. rent group dropped below $88.00 a barrel and mit looming recession risk to 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 for men, russia's pacific port, city of laval, stock, but de mer 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 it's proposed price cap on russian gas imports. instead, he's looking to asian nations for comfort. swarm good with fulton 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. second, insisting that global demand for russian energy supplies remains high as a shrug. that those are the possible smith. all you have to do is look at a map portion actually using our natural competitive advantages. we will continue to build our transport capacity, expand our network of roads and railways, build new approaches to see terminal snell and increase their capacity with yet the pollutants said the kremlin had already made a deal with china for deliveries of gas via mongolia or to say the english that the, 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 warrants about the true impact of western sanctions. it says russia could face a long and deep recession. once the sanction start to bite. bitcoin is still seen as a haven for investors who want the thrill of a high risk that but that didn't stop. i had 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. 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

a but i me as to that not much happened in her app. it's a far cry from the economic miracle precedent night bouquet lay had promised, turned himself into an avatar for his fans, talking about investment wealth and a huge vision, reconsidering bitcoin city, and nearly tax free community run on energy from a near by volcano to a mission lucille complex and 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 our policy and salary, the instability of bitcoin is a problem for people. a drop of $0.25 a day can make the difference between the reading 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 bit coins value dropped. the little bit boy fussy, thinking, oh, it's not easy to understand bitcoin. i think there's potentially a long term investment, but that would be my personal risk as an entrepreneur. if it me reaction that from 2nd go lot president for kayla has invested public funds and bitcoin, and it's unclear how much were the laser weeks give some hints. economists ricardo castaneda puts his estimated $225000000.00 and expect a loss of $60000000.00. hey, cool to so skip all the young that money could have gone into education or into feeding people. less half of the population doesn't have enough to each other and

say, what are you that that even 30, monica diaz had invested $20.00 in bitcoin 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 with oh, neighbors or enemies. on the russian border lies the finished village of their center. where the residents are deeply divided. some of them want nothing

to do with their russian neighbors, while others see them as human beings, not warmongers. focus on europe. next, on d, w into the conflict zone with sebastian, russia. jewish community has been watching the war ukraine with mounting alarm, but most of kept silent, fearing stay to reprisals for senior figure in the community. hope that silence was immoral. the thinkers goldschmidt and he wants all jews in russia to get out. now. conflict zone. in 60 minutes on d w o ah, hello guys, this is the 77 percent the platform with issues and sure idea,

ah, you know, or this channel, we are not afraid to happen delicate topic because population is growing fast. and young people clearly have the solution. the future belongs to the 77 percent every weekend on d. w with this is focus on europe. i'm lar babel lola. welcome. imagine waking up and being told your freedom is gone.