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the future the 77 percent. every weekend on d, w. a y a. well, today's the day for tech funds, apples just unveiled it's new iphones, but wait for years of global recession and consumers tightening bad belts can. well, it's biggest company keep up the record profits. we'll get the expert. we also coming up putin has renewed his as to block energy grain exports. but what's his

end goal for the russian economy and no signs of el dorado fail. 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 of 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 to the last quarter year on year. but the last iteration of the i phone is 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 are 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 speech to ultimately they're in a pent up demand cycle and 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 is 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, i'm in service is going to be a $90000000000.00 revenue stream. and you know, be over a 100000000000 jewel gallon 18 months. you know, i think that from evaluation perspective is actually worth 1.2 to 1.4 trillion. that's a big reason. the stocks don't wear 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, or should they go next? you know, i think, and i think they've already started to build it. and in early 2023, we that really sap of glass, which would be the a r v our heads. and i never can be significant terms. the 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 b w 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 us, thinking and we're going to head over the hudson now to join against quarter in new york as we do every day. yet. 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 big $40.00 companies to 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. the, 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. then 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 14. well over all of those events are still very important term, but if you look at the stock price and the reaction on wall street them,

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 them over. we get the next earnings report to how well those products actually and sell. and if we talk about this when states event of the biggest use, so to speak was something that people did not change. and that was the price for the new i phone generation. so that at least for consumers of a good sign. but with those economic pressure, some in china, especially also in europe, we will have to see how well those products really sell. yeah, it'll be interesting to see if the that's after the country's largest private airline, blue ass suspended flanks, the carrier grounded planes after its accounts were blocked for not paying emissions. certificates. romania is 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 rushing 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 level since russian invasion of ukrainian february, rent group dropped below $88.00 a barrel emit 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 the ma 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 in pots. instead, he's looking to asian nations for comfort. swarm godwin bruton downplayed the

impact of loss 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 that struggle . thus, 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 you at 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 sanctions 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 and bit con, that the government gave out to every citizen. and that was it. see? oh sure. i bought something for myself with those $30.00. i'm about. i mean, after that, not much happened in her app. it's a far cry from the economic miracle precedent night. but kayla had promised turning himself into an hour tar voice fans talking about investment wealth and a huge vision, reconsidering bitcoin city,

and nearly tax free community run on energy from a nearby volcano to a mission. lucille income tax in so far, none of this has happened. bitcoin has crashed and people still prefer us 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 bit coins value dropped, the little boy fussing 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 it me reaction the can 2nd go lot president will. kayla has invested public funds and bitcoin and it's unclear how much we're losing weeks. give some hints economists. ricardo castaneda puts his estimate at $225000000.00 and expect a loss of $60000000.00. hey, cool to soak up all the youngest, 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 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 the booth with into the conflict zone with tim sebastian, russia, jewish community has been watching the war in ukraine with mounting alarm, but most of kept silent, fearing stay to reprisals. the senior figure in the community felt that silence was immoral the thinkers goldschmidt and he wants all jews in russia to get out. now. conflict zone. next on d. w. ah,

our produce worker is getting squeezed. brazil dominates the global market for orange juice, but fruit pickers on the plantation are complaining about low wages for working conditions, an illness related to pesticides. lab, do they pay the price for our breakfast beverage? in 45 minutes on d, w o. a . listen carefully. don't know how with today. ah, feel the magic discover the world

around you. subscribe to d w documentary on youtube. rushes . jewish community has been watching the war in ukraine with mounting alarm, but most of kept silent, fearing state reprisals if they spoke out against the kremlin. and yet as the fighting intensified, a senior figure in the community helped that silence was immoral. so he fled moscow after 30 years as the city's chief rabbi.