but not to say apple will lead china _ not to say apple will lead china. be a big part of its manufacturing process, _ big part of its manufacturing process, as he said tim cook was — process, as he said tim cook was already there and the government in china obviously would — government in china obviously would like to keep as much of the ecosystem there as possible. but as a whole, there will he — possible. but as a whole, there will he a — possible. but as a whole, there will be a bit of a rebalancing and some of that shift of the benefit — and some of that shift of the benefit to countries like india _ benefit to countries like india. �* , benefit to countries like india. 3 , . india. let's stay with the tech editor because _ india. let's stay with the tech editor because european - editor because european countries have reached a provisional agreement on a plan to boost a semiconductor industry to compete with the united states and asia. the deal was announced by sweden which currently leads the european council. the european ships act will involve bil

whenever you go to apple oran never. whenever you go to apple or any resell _ never.you go to apple or any resell store, they - never. whenever you go to apple or any resell store, they don't - or any resell store, they don't provide — or any resell store, they don't provide a _ or any resell store, they don't provide a lot of products on the go _ provide a lot of products on the go. you can look at every colour, — the go. you can look at every colour, which i've never seen. i've _ colour, which i've never seen. i've just — colour, which i've never seen. i've just seen in the pictures, like _ i've just seen in the pictures, like paint— i've just seen in the pictures, like paint colours, ipad. this is all you _ like paint colours, ipad. this is all you get _ like paint colours, ipad. this is all you get to _ like paint colours, ipad. this is all you get to see - like paint colours, ipad. ti 3 is all you get to see here. apple's retail push has been aggressive in the world's second smartphone markets. discounts, financing schemes and launching new phones in india simult

we were talking about apple so coming up, apple opens in india.hy tim cook things the new expansion will help accelerate sales. let's look at the shares as well, some momentum earlier in the session when it came to apple, we are still off by have a percentage point while the rest of the market is often a big part is the last 24 hours of the yield on a savings account with goldman sachs which we will discuss out of california. this is bloomberg. ♪ >> first in mumbai and then in daily as apple opens his first two stores in india. they may not be as unique as the cube in new york with a ball that features apple stores do. they do apple store trade-ins and the customers can see tim cook at the front door on the first day welcoming customers. between meeting the primus are and not numbing with business leaders and eating mumbai food with him stars, tim cook's visit to india at these store openings market significant step in the india/apple relationship. india represents a critical supply chain diversification for apple. china manufactures 90% of iphone

it is much more than that for apple and india. haslinda: this goes beyond sales for apple, yeah? have to repeat that please. haslinda: it goes beyond sales for apple. >> yes, it goes beyond sales. absolutely. india is a really tiny market when compared to china for apple but india has the potential to become a manufacturing base for apple and that is critical as it seeks to diversify its very china dominated supply chain especially this day in age of china politics. there are three manufacturers in india for apple. they are participants in an important and -- and ambitious scheme that prime minister modi announced a couple years ago. they are doing rather well. the hope is apple will expand its production even further. right now it is about 7% if i understand direct ash understand correctly of its total production. it will expand even further. maybe it will take decades to get to where china is but that is the hope india has at least. rishaad: we discuss apple's growth opportunities in the country with a researcher at counter point market. $6 billion in sales. just 4% of a market

but why is apple opening stores now and why are they a big deal?bc�*s india correspondent explains. apple says, "hello mumbai." amidst loud cheering, selfies and big crowds of fans and loyalists. apple's india story is 25 years old, selling iphones, ipads, macbooks through thousands of its licensed premium resellers. but why is the store launch such a big deal? it signals a pivot in how apple views india. now a strategic market for the tech giant. because of a growing customer base and a boost from local manufacturing. apple has always been an aspirational brand but out of the reach for most indians. even now, iphones make up just 4% of the overall smartphone sales but comparing it to i% in 2019 shows the massive growth. it's now the most popular smartphone in in the premium category. all this time in india, we have only been two retail stores, never an apple store, but better late than never. whenever you go to apple or any reseller store, they don't provide a lot of products on the go. here you get every colour, which i've never seen. i've just s

that is telling you how important india is for apple and how india loves apple.s reading a report where apple had 3% market share in india if you look at the luxury phone market which is growing at 55%, apple has 60% market share and samsung with 20% where it matters, apple has market share the store opened at 11:00 a.m. it is closer to 3:00 p.m. in india and the line is still long we have a couple of hundred people waiting to get in >> we will see you later this week in new delhi. is tim cook supposed to be there? >> reporter: that correct. tim cook was here in mumbai. the second store opens the day after tomorrow in new delhi. tim cook will be there he met with the reliance chairman and sources tell us in deli, delhi, he will metet other officials. it is important he meets all of the senior leaders and industrialists to talk about the way forward. my sense is they will go ahead and open a lot more because of the way they were received here. let's see how it pans out. india is excited >> mangalam, thank you very much >>> let's talk about the footprint in the mar

work as well with users as the same apple.night, we have a monobank, relatively speaking. therefore, it is a cool idea , but for now it seems to me that it is more theoretical and, as they say , a test. own bank in bank vostok and once they tried to have cards, these are the ones with discounts in supermarkets with bank cards that it was not offered so massively, it worked at least well, i don’t see that there was such a hype around it, maybe from the second try them it won’t work yet, mr. mykhailo. and if i look at the rates, i still return to the reward. here is 4%, there is 15% per annum in the dollar, this is a good rate, bad if suddenly apple receives a non-ukrainian license to attract funds, and what will it look like this proposal against the background of other competitors who already work in ukraine, well, obtaining an apple license in ukraine so far looks so far-fetched, even if the european union is not a user of this service, but it is very parallel in principle to ukraine, in which plan as well as in inflation in

apple's retail push has been an aressive here. apple's retail push has been aggressive in _ here.re. apple's retail push has been aggressive in the world's - here. apple's retail push has been aggressive in the world's second l aggressive in the world's second largest smartphone market and they are offering discounts, financial schemes and launching new phones in india simultaneously with the world. india simultaneously with the world. i think it's good to play the game of waiting for the economy to grow and purchasing power to grow and therefore more customers to be able to afford the product. but therefore more customers to be able to afford the product.— to afford the product. but india is not 'ust a to afford the product. but india is notjust a market _ to afford the product. but india is not just a market to _ to afford the product. but india is notjust a market to sell- to afford the product. but india is| notjust a market to sell products, but make them as well. fitting well in the apple strategy to diversify assembly operations beyond china. it has been making phones since

apple doesn't need a lot of cash infusion is this confidence in apple business >> i see it as threehina at the end of the covid zero policy. this helps apple with the supply chain and demand 10% of sales going to consumers in china second, apple is positively effected by the slowdown of rates by the fed you think of the rapid rise of the fed fund rate and discount rates, it had a negative impact on tech and val uation of apple. you saw flight to quality at the end of the march quarter following silicon valley bank collapse and apple benefitted from the flight to quality highest quality names in tech and equities. >> also widely held by just about everybody. i want to ask about oil. how big of the impact is the reopening of china >> it is a huge benefit for apple the. it doesn't change the long-term basis that apple is dependent on china. on the near-term basis, improvement of the supply chain and demand for the chinese consumer is significant for apple and good news for the stock. that contributed to the march quarter for apple. >> i want to ask apple up 27% and nasdaq 100 tracked a

if apple juice is apple cider vinegar.l is good, then there is onboard vinegar, if grape wine, then this is wine, and last year we made excellent rice vinegar, a delicious healthy salad dressing, it is valeevna, which is also suitable for leafy green vegetables , you can cook by mixing remember two tablespoons olive oil one tablespoon apple cider vinegar one teaspoon honey mustard a pinch of salt and ground black pepper. this, by the way, refueling suppresses the growth of pathogenic bacteria, improves digestion, that is, in fact, is the prevention of poisoning and a natural flavor enhancer. say no to glutamate, sodium, say yes to apple cider vinegar love your it's so easy. and tasty yes, it's true, such a dressing, in addition to being very useful for our health, it is also very, very tasty. something i really wanted to eat soon, but fresh and fresh vegetables. okay , let's, on such a vinegary note, let's talk about square wheels. yes, russian engineers sergey gordeev developed a model a bicycle with the same square wheel

guy, how are you feeling about apple? >> well, lower -- clearly as tim pointed out earlier, big cap high valuation tech, which apple is, by the way, is a fight to quality is what we're seeing over the last couple weeks when banks are a scary place to be, people want to go to balance sheets valuation is slowing growth. that's been the story about apple over the last few requests regardless what people want to believe, if you look at the number things are slowing down and the valuation tends the get lower. so lower lows, higher highs, makes sense taking profit. >> every other mega cap tech stock, depending what they did afterwards, but the numbers were such it was a relief week. interesting, apple's report so much later than the rest of mega cap tech not sure why that is we usually get them the same day. apple is sitting mid next week put my carter hat on, on a relative basis to the s&p, we're back to the level it's been a couple times on a ratio chart where i think you run into resistance, and outperformance of the s&p 23%

if apple juice is apple cider vinegar.cohol is good, then this is spirit vinegar, if grape wine is guilty, then this is wine, and we are still in the past year made perfectly rice vinegar delicious healthy salad dressing. she valerievna , which is suitable for leafy green vegetables , can be prepared by mixing two tablespoons of olive oil, one tablespoon of apple cider vinegar, one teaspoon of honey, mustard, a pinch of salt and ground black pepper. this, by the way, dressing inhibits the growth of pathogenic bacteria, improves digestion, that is, in fact, is a prevention of poisoning and a natural flavor enhancer. say no to glutamate, sodium, say yes to apple cider vinegar its so easy. and tasty only by joining forces and demonstrating all your intellectual abilities can you become a winner, but it seems to me that this phrase was attributed to the first astronauts okay, let's let egypt be the land will be their main goal to answer questions and earn money. as many points as possible. what is the name of the extra distanc

you have to have an apple credit card. it's administered by goldman sachs, there's no minimum deposit or monthly fees. can hold up to $250,000, the maximum according to the fdic. should you put this money with this company? >> the diehard apple fans will, they like everything in one place and they've been trained, looking at apple as the place to find everything i want with my technology, my media, everything in one place. >> it's right there on your phone. deeper into this with business and tech reporter scott budman. other companies have tried this, hasn't worked. apple usually succeeds. 4% back is pretty high. >> it is. interest rates have been moving up now. it's better to save now and apple is beating the competition. facebook has tried this, other companies are not trusted. facebook isn't for example. do you want your money there? but apple is doing it through a big bank, goldman sachs. you're already using your gadget, how you control this, could say i trust the bank on the back end and don't have to worry about put

of apple fans and not only sell the product and services like apple music. that is part of the strategy the second part here is manufacturing. apple started to shift the manufacturing to india there is an anticipation that apple could manufacture up to 25% of global iphones in india which would necessarily mean a shift away from china. during covid and lockdowns and protests, apple saw factories in china last year run by foxconn expose fragility of the supply chain in china it is selling products, but manufacturing in china this is now a strategy that mirrors how it entered the chinese market a decade ago with the manufacturing and sales push as well. certainly it is hoping to find a similar success in the huge market in india as well. >> super interesting really clear about the two different angles one data point i would add or estimate is dan ives the prominent analyst in the tech space tweeting apparent anle is increg revenue to $20 billion by just 2025 in india versus $6 billion today. this opportunity could bear fruit near term. this is not a long-term

so, we're talking about, is this a big day for apple? i think the reaction was probably in line as expected, maybe even better than expected. i think it's really just about the pull forward, but i want to watch services i want to watch the parts of the annuity business should you be paying the same multiple for apple today, or in some cases, you know, a slight discount, because i think they are growing earnings than you were a year, year and a half ago. absolutely not that's a world where apple did a lot of great things with financial engineering. issued long bonds, paid back more stock so, i think this isn't a crazy -- it's a piece of the mosaic, but not -- >> i lie ke that. >> spicy >>throwing all that in should we regard services as an annuity business when the macro is a little dicey? are people really going to renew every single app, every single service they've been buying on their iphone when they're trying to cut back? >> possibly not, but that is going to be stickier than people pushing off new iphones. i think a lot of people t

cheering and applause apple says, "hello mumbai.". apple's india story is 25 years old, selling iphones, ipads, macbooks through thousands of its licensed premium resellers. but why is the store launch such a big deal? it signals a pivot in how apple views india. now a strategic market for the tech giant. because of a growing customer base and a boost from local manufacturing. apple has always been an aspirational brand but out of the reach for most indians. even now, iphones make up just 4% of the overall smartphone sales but comparing it to i% in 2019 shows the massive growth. it's now the most popular smartphone in the premium category. all this time in india, we have only been two retail stores, never an apple store, but better late than never. whenever you go to apple or any reseller store, they don't provide a lot of products on the go. here you get every colour, which i've never seen. i've just seen in the pictures, like pink colours, ipad. this is all you get to see here. apple's retail push has been aggressive in the world's

here, in this case, it's apple cider vinegar. it's apple juice discarded. and it starts.e good apples from our belarusian orchards. that is, at the heart of everything is our belarusian apple that lives on beech shavings, then from this discarded apple juice, of course. the result is biologically natural. from this place. i need to help you in more detail, but what do beech shavings and vinegar have in common? well, it will look like an indispensable part of our aircraft , the basis of our production at home for our acetic acid bacteria. explain to bacteria need to live somewhere, she needs a house at home. in this case, it is shavings, which are made from relic wood, beech wood, it is very hygroscopic wood when we load it into an oxidizer. it will be at home, but the bacterium must all the time consume raw materials that contain spi, but it must also breathe, so it will have an oxidizing agent lowered, but it will always be watered lying down . so we provide her with comfortable living conditions, download here into this huge vat which already contains discarded apple ju

the mumbai store is one of two locations apple plans to open this week.ndia provides just a fraction of apple's global revenue but the market significance is growing with the company expanding global manufacturing footprint. our reporter is outside the store in mumbai. tell us first of all about tim cook's visit. menaka: what you can see behind me is an island of apple and a country of android users. tim cook here this morning and there was quite a crowd turnout waiting to see the first apple store in the city. he has been in mumbai for a little over a day from what we can tell and then he heads to delhi for the second store opening where he is expected to meet with prime minister modi. tim cook had some the local delicacy here and he ate it with one of india's most famous film stars. the apple store with lots of it excitement and the first one in the country. tom: i love that we are focused on his food and dining choices. this is not just about sales of course. this is about manufacturing for apple and shifting away from china. menaka: absolutely. i thin

plus, apple is said to open its first retail stores in india. the ceo of a tim cook, looks to usher in a new era of sales and manufacturing. tom, good morning. tom: good morning. earnings season underway. we have new lines from ericsson coming with a beat in terms of sales and adjusted earnings for the first quarter. adjusted earnings in the first quarter coming in at 4 billion, just over 4 billion swiss, swedish krona. it is a decent beat in terms of the first quarter adjusted earnings for ericsson in terms of sales. that was a beat coming in at 62.6 billion swedish krona versus the estimates of 16 billion on the margin front we know that ubs and others glad the margin improvement as key for this business. 39.8% in the first quarter coming in line with the estimates. ericsson saying it plans to cut costs at a run rate by around 11 billion swedish krona. those are the lines crossing from ericsson, a b in terms of the earnings picture for that telecoms equivalent maker in the first order. manus: let's pick that up in terms of the actual earnings

can apple have the success like it had in china?rank, it could be an uphill battle for apple the smartphone is dominated by smaller and cheaper smartphones. tim cook is spending time with the prime minister and opening the two stores we will see if more stores are planned in the coming months he is meeting with many others in the business community. royalty in the entertainment industry is just one of several tim cook is meeting with to increase the brand and strengthen the brand you could say not as many people in india know about. >> seema, i want to go back to the market apple has 3% market share in india. you mentioned people buy lower priced phones. what can apple do to increase the market share and get people into its ecosystem >> reporter: it may come down to price. if you are talking about india being a growing middle class, but known for being more cost conscious. it may p come down to price and how apple tapproaches the c consumer and use china as a case study. they opened in 2008 and started with 45 stores they were able

we were talking on the program about apple raising services prices with apple music. spotify is growing its subscriber base. is it podcasts, the music library? there must be a reason they are continuing the growth narrative? >> absolutely. i put that into two -- it becomes clear so we see the emerging picture. moving into the developed markets and the premium subscribers. spotify, the one thing it has been able to do is have very strong brand equity across the board. it has a powerful first mover advantage. so ingrained into how consumers use a product, spotify becomes the go to that they end up using. it is easy to acquire those customers. they are doing quite well over there. as opposed to others who do little in the market. if you look at the perspective of emerging markets, some interviews, whether we look at spotify, the middle east, north africa, latin america, they spoke about the latin american performances earnings. they are going aggressive in terms of their marketing. we will talk about the profitability consideration. spotify appears to have realized longe

sash , look, we have such a huge mountain of apples.i cut the dried apricots. we will use it sparingly in order to add more sweetness. vasya, you and i need to remove the top leaves from the cabbage and thinly slice it on a slicer. yes, and here we have prepared peeled carrots. yes , the same first with a thin slicer, and then from now on we will peel the green apple after cut out the spheres that will be mixed with dried apricot cider and mint crazy apple. by the way, don't miss it. look at what it is , you should immediately try the beauty, what kind of decor you need to use, yes 100%. now we are starting to prepare the apple teapot itself. what we will do is lightly caramelize, cane sugar completely into caramel, we will not immediately turn it into degassed with dry cider. we have super meaty tomatoes cut arbitrarily and then dried on the basis of these tomatoes, we will cook barbecue sauce, we take sliced ​​apples, put them in here like potatoes. this is how we knead here a mixture of egrysto and white. wine, add acacia honey, yes,

apple reporting may 4th. sales expected to fall year over year for the second quarter in a row, and lots of headwinds including the drop in pc sales, that's bad for mac and ipad businesses but iphone holding firm can still question if demand carried over from the holiday quarter, then again, china's reopening could be a big boost there, and foreign exchange is getting better for apple as the dollar weakens i'll be right there live from kucupertino so we'll have all t results then >> you were breaking down the big tech earnings. is there anything we can get from microsoft or amazon to give us insight as to what to expect from apple they're not exactly comparable, apples to apples, no pun intended, but they have similar businesses >> i mean, of course, apple, the iphone is the most important product and the biggest revenue generator, but look, windows oem, the licensing revenue that microsoft collects from pc makers, that fell off a cliff again. and that's just another sign that pc market is incredibly weak we

plus apple commits a growing and investing in india following a meeting between ten and cook in the country? prime minister narendra modi. welcome to the asia business report. shares in tesla are down and after hours training after the electric car makers quarterly results missed market expectations. the company's income and earnings both fell by more than 20% in the past quarter compared to the past quarter compared to the same period last year. it is a big number but not totally unexpected because the company been slashing prices of its top—selling cars over the past year. more from new york. bringing in 20% less income is well, not good, what has helped the electric car maker is that it warned wall street this was coming. so it didn't come as a complete surprise, given tesla cut prices on its top—selling cars several times last year, and in fact did it again this week. tesla is grappling with higher borrowing costs for consumers, slowing demand for their cars and so much more competition in the electric car market. the price cuts did the trick, the company saw a 36% jump trick, the compa

apple exported a record $5 billion worth of iphones from india last year.ny could shift between 12 and 18% of its total iphone assembly operation to india over the next few years. add to the production list airports can, macbooks, ipads. india becomes a much bigger market and it will make more sense for apple to produce as much as it can in india, what is feasible that, and if in the process of doing so a certain amount of things happen from china, that will be a bonus. the complete success will depend on how much they can source components locally which will help reduce product costs. inflation figure starting to slow in europe but the uk still a problem. more on the website and you are watching bbc news. the sacked head of the cbi has said he has been made the fall guy. and tony danker apologised to all he had made uncomfortable, and his reputation has been destroyed as his public wrongly accused him of sexual harassment with several charges of misconduct that occurred before he joined the cbi and he has been talking to our business editor. i want to apol

apple makes almost 7% of its phones now in india.t's a really key piece of reporting in an ongoing situation for apple. let's bring in our senior tech analyst. in short, apple is building more iphones in india and exporting more iphones in india. your fundamental analysis, what is the net result for apple financially? >> when you look at it, i think it is more of a supply chain issue than financial. frankly speaking, the best supply is in china. it has taken about 20 years to build that. anywhere outside, it will be slightly more expensive in the first few years. but frankly speaking, what we saw back in november because of covid, the iphone pro factory shut down. it did have an impact on them financially. that is with the ongoing political tensions between the u.s. and china. it is in the best interest of apple and shareholders that they diversify the supply chain outside of china to other regions, whether it is india, mexico, almost everywhere. caroline: what about the end-user in india as well? it's not only about supply from ther

india is an important destination for apple, it has said so.al indians it wants to cater to a growing worker space to support manufacturing expansion. if and tim cook's new daily meetings enforce that. his meeting with prime minister modi circled around the support and the framework needs to grow here. even the indian government wants on its part apple to replicate its china story here. local reports in india said that discussions range from expansion of manufacturing capacity to regulation. cook also met it minister, where his talks focused on deepening engagement across manufacturing, electronic export, and scaling. now, apple's key vendors have grown their manufacturing here, supported also by the indian government's production incentive scheme. they are now exporting more than 7% of the world's iphones and apple wants to scale that, they want to shift more assembly operations out of china. now, a success of that will depend on building along local confident sourcing supply chain and a favourable government policy they are both proved crucia

it doesn’t feel like an apple.feel there are options for serving, uh, herring with apples in thin thin plates. but what makes the mincemeat good is that we combine it there, and there are potatoes there, but we will not put potatoes in our farm, potatoes add, as we always say, only for one this starch is there for ours to grow. of course, yes, yes, but what usually performs its function in this dish, we use soaked in milk. bread without fanaticism is neat, we will add juiciness and what we expect from the pate. yes, the smoothness of spreading, in general, i always liked. uh, in the history of forshmak, that he came to russia in the form in which we actually use it now, yes, how it became popular after the seventeenth year in soviet cooking, because until the seventeenth year it was considered a dish of the common people all- still have elena malakhovets, there, directly says the leftovers in mincemeat pies, but after the revolution, mincemeat became a truly popular dish. will i buy my work in america for a brighte

apple is tsmc's biggest client yes, tsmc is going to benefit from apple's iphone 15 and the smaller chips three nanometers that are going to be in there but the fact that tsmc's march month showed a decline in sales, what does that mean for apple the likes of tons of other companies that use tsmc products going into q2? so it could be a little premature to react and call the bottom just yet but we're constantly seeing that in the chip sector. >> yeah. >> kristina, thanks very much. steve, thank you as well >> thank you >> coming up, rising risks coral reefs dying at an alarming rate risking not only the ocean life that depends on them but the local economies as well. plus a crypto conundrum. crypto exchange binance losing its key banking partner signature. but now it reportedly can't find a new bank to hold its customers' cash. we'll discuss when "power lunch" returns. your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire

we will see apple's self designed chips going into the macbook pro range.will -- all of those things will fade into insignificance given piacenza going into the new headsets for their role be lots of fun tools for developers -- lots -- lots of fun tools for developers. ed: coming up, the highly anticipated spacex started -- starship has been put on hold. caroline: let's take a beat as we look at incredible shots of what could have been today, as what is going on in the market. we had strong data coming out of new york that hit sentiment. good news for tech stocks attentive are present. in a comment on where you should put -- and a comment on where you should put stop -- >> different technology companies and other industries where you can see both margin growth and revenue growth should be rewarded. ♪ ♪ when you automate sales tax with avalara, you don't have to worry about things like changing tax rates, exemption certificates or filing returns. avalarahhh ahhh ahhh ahhh caroline: it is time for talking tech. yuan must -- elon musk has incorporated a new te

but chinese citizens are nort rushing to apple store to buy apple phone they are spending on travel,mic data. do i agree with that? what are you expecting from earnings season can when it comes to companies like apple versus china opening golden week coming is that a factor? . a well depends on how much you are selling to china right, so china, the second largest market roughly for u.s., so, you know companies that are slowing a lot -- benefiting from the covid restrictions, and going away, and going to have a big bump essentially last couple months. maria: we will watch that, because so far, you know, oil prices i think have reacted to the china opening, that is one area of this market paul christopher that i think people under estimated, the strength of fossil fuels in face of this climate change agenda what do you think oil is going? what does that mean to overall macrostory? >> right now oil prices are down you would expect that spending is slowing but our target this year is still 85 to 95, we are even higher than that for end of 2024. we think as economy begins to come back, ne

apple�*s tim cook has opened the first apple store in india. moment for apple fans. 0ur correspondence is there for us. tim cook was here in the morning to launch apple first back retail store here in india in mumbai. amidst much fanfare, music, enthusiastic customer base, loyal customers who were queueing up here since morning to have a look at tim cook and to get entry into the new store. there is much excitement about apple opening up its famed retail store here. it also signals quite a lot, especially with tim cook coming to launch the stores here india. it signifies that aprile apple is saying india is a more important and strategic market, both expanding a store customer base here, as well as expanding the manufacturing base in an temp two diversify its operations away from china. they have seen their customer base especially in their customer base especially in the urban pockets grew in the last three and four years and that is visible with the sales of apple products here. simultaneously, and he is proving to be a big manufacturing base

i chose is that consumer spending in at apple product is getting weaker.pple is not immune to a slowdown and consensus numbers for q2 or upcoming results need to come down over the next couple of weeks. it is our take away. matt: -- jon: you never know with apple and the new products, whether it jazz his people up. i know you have shared your own views on how the second quarter or heading into the second half might shake out. can we reach a firm conclusion on weakness based off the first quarter numbers? >> one thing you have to figure out is apple really dictates test the growth is dictated by the iphone. this is when the newer version comes out but that is not going to happen in september and october. people who want to upgrade probably will wait until the new phone comes out. so the tail end of the upgrade for the year is not going to be as strong and you mix news about consumer spending slowdown, macbooks slowing down, ipads negative. there is not a lot to be excited about. kriti: we know a lot of products are being released by apple, the ar headset. l

of apple said people were calling for— founder of apple said people were calling for a — founder ofe racing _ calling for a pause. we seem to be racing forwards _ calling for a pause. we seem to be racing forwards at _ calling for a pause. we seem to be racing forwards at the _ calling for a pause. we seem to be racing forwards at the moment. i calling for a pause. we seem to be. racing forwards at the moment. you look at _ racing forwards at the moment. you look at chat— racing forwards at the moment. you look at chat gpt, _ racing forwards at the moment. you look at chat gpt, compared - racing forwards at the moment. you look at chat gpt, compared to - racing forwards at the moment. you look at chat gpt, compared to six . look at chat gpt, compared to six months _ look at chat gpt, compared to six months a — look at chat gpt, compared to six months a year _ look at chat gpt, compared to six months a year ago, _ look at chat gpt, compared to six months a year ago, the _ look at chat gpt, compared to six months a year ago, the stock - months a year ago, the stock knowledge _ months

caroline: let's stick with apple and its relationships with china.g some of the steepest challenges to selective decoupling from china. a key lawmaker has been saying this over the last week or so. discussing this selective decoupling. >> mike gallagher, the chair of a nuke 80 on the u.s. china relations is headed over to california, meeting with tim cook and apple, meeting with bob iger of disney, and talking about this concept of decoupling. the idea is that there are some aspects that are strategically important. there is now a ban on semiconductors, which are required to do ai work. other parts of the relationship, watching disney movies, cooperating on climate change. there is a desire to keep them on an even keel but the big question is, in practical terms, what does that selective decoupling look like? ed: caroline spent many years -- coming up, we will talk tesla, building a new battery factory in china, and shanghai, further cementing china's place at the top of the energy supply chain. twitter has changed its description tag to government-f

the unknown renegotiation between google and apple happening in the next 12 months with a.i. grabbing a seat at the table that's where things start to move, and we don't know if microsoft comes to the table, that is what is going to move google to the next leg. >> what's interesting about this, row hit basically calls and said alphabet is the leader in artificial intelligence but what metric are we using a lot of folks figure chatgpt and openai makes microsoft the leader in artificial intelligence right now steve from that perspective, how do you characterize who is in the lead so to speak at .? >> apple will tell you they're a leader because the yr iphone. >> amazon. >> amazon announced a bunch of aws products to train these models it's hard to tell. you can't say who is the win are or loser the stock moves we're watching today, there are important context that we just alluded to, the payments that go between the companies. even if samsung was seriously considering moving over to microsoft, does microsoft want to spend 3, $4 billion paying samsung to be the default search en

apple in his life .ths have passed since defender maksym kolesnikov was already at home, during this time he underwent rehabilitation, began to gain weight, and recently returned to the ranks of the armed forces of the forces of ukraine. he is sure that our victory still requires a lot of effort. also , a military man who in peaceful life was a successful marketer dreams of mastering a new profession and helping all ukrainians to recover after the horrors of the war. he told khrystyna velichanska that way the boy who took a snack took away fresh fruit for them for the first time in a year these shots of the first minutes of freedom and the most delicious apples in life touched millions of ukrainians it was another exchange of prisoners home in early february 116 ukrainian defenders returned home among them volunteer maksym kolesnikov he just spoke with with my wife, when i finished talking, i heard apples crunching and the aroma, and then i saw that they were eating apples, and it was so incredible. and

we have to keep in mind apple is the biggest client for tsmc. i know there's a difference between the iphone 15 expected to be pretty good, versus let's say the apple macs and pc shipments that have not been good they're creating the 3 nano meter chips, that's supposed to be a positive for the company and help ride it out. >> we should ask our viewers whether they prefer button button or nonbutton. >> remember when president trump got if new iphone. >> on twitter or something. >> yes. >> we moved away from blackberry i loved blackberry >> we forget, right. we get used to things after a while. >> i have an electronic vehicle that is largely operated by a touch screen, okay i will say that the touch screen is fine. but there are some things that -- >> phil lebeau was talk about this they're trying to differentiate themselves these way. >> it allows you to get the frustration out. if it's not working press it a lot. >> i have a lot of frustration. >> and to your point about the demand story we'll find out on may 4th how well the iphone demand carri

david: so, at the time, he was not at apple, but he rejoined apple. laurene: he was at next.avid: next. so when he rejoined apple, did you tell him it was a good idea to rejoin the company he had been at before? because usually when you go to back to the previous place of employment, it doesn't always work out. laurene: we had a very long talk about it, because it was the first time that, in probably -- certainly in our married life, that we had a bit of a reprieve. and he was a little torn about going back into a company, of course, that he was deeply devoted to and loved, but also, he knew that they were not in good shape. and he knew deeply what it was going to take in order to turn things around. and that meant a lot of time away from family. david: so the company became, after steve went back, the most valuable company in the world. and steve helped to invent this little product that is the greatest consumer product, i guess, of all time, the iphone. the most valuable, probably. so, did he come home one day say, guess what, i got this iphone, it is going to be the greate

spotify, 30% surcharge on its app store just because spotify competes with apple music apple can't charge and can't discriminate for against apps that are competitive with any of their products it would say to amazon and restrict amazon from finding a product that is selling well on the amazon platform. amazon then goes out and replicate the product and sells that product and benefits its product by putting it at the top of the search and putting the product that they have entered into a contract with to sell on their platform and putting that product on page two or three of the search. so they you can't discriminate once you have a monopoly platform like these four companies have, you can't against the other products that are on your platform and that second bill that you mentioned was one that last year, 2022 was, you know, at least at the forefront of a lot of these debates on capitol hill. and i gather that you were writing the book while that was still being debated year. we got to the end of the year and it didn't pass. what happened? well, it passed the the house judiciary committe

look at microsoft and apple but, premarket quotes. earnings will be recorded after the closing bell, a very big deal. pay close attention to how they are doing with ai. but going last time i checked was $27000, that's where it is, 27.3 this morning. the theorem is down $2000. the ten year, quite a lot down there at 343. yesterday was well above three and a half% below that level today. the two-year just living above 4%. yield is done 4.03%. six-month holding on to a 5% yield. on the show today, biden runs the administrative state were bureaucrats not boaters run your life. the president wants to transform america. the crisis in our cities, we will show you the target store where everything is locked up. tuesday april 25, 2023 army and company is about to begin. ♪ ♪ ♪ stuart: nothing holding you back. i guess that's got something to do with president biden's announcement, nothing holding you back. he's running for reelection. it's another story. president biden has announced his reelection campaign first thing this morning about three

apple is overindexed everywhere, and yet i never meet institutional people who want to own apple.rt it they do all kinds of crazy things based on reports that i think are completely ignorant of the situation. it's a good company, david it's got great growth, and a lot of it is because they're taking share from pretty much everybody, and as a country gets more affluent, they go apple it's one of the things that happens to a more affluent country. >> well, they do have one really large holder, and his name is buffett. he owns a lot, right >> yeah, he's got some -- yeah oxy, apple, kococa-cola. >> but apple represents, as a dollar amount, apple is far in excess of anything else that berkshire owns >> well, that -- yeah, i mean, look, it's not the way that the company stock trades, but it was a major positive decision to buy a lot. oxy, by the way, just by the sheer force of his buying, oxy does well versus the other oils. so, yeah, he played a huge role in apple because he just sops it up, and i don't know i mean, it was just one of the greatest investment decisions of all time >> as

apple has a good share of in the upper $500 segment.ween apple and samsung in terms of global shipment has narrowed the last few years, and we see that trend continue. we expect this year from samsung is to focus more on the premium segment. the house of mouse is wading into legal waters. dysney is suing the governor of florida ron desantis. the company claims that mr desantis and his officials violated its constitutional rights. the media giant says the governor has waged a campaign of retaliation against disney after it criticised a law promoted by the florida state government. the bbc�*s north america busines correspondent michelle fleury reports now from new york. yes, the escalating feud between one of america's biggest companies and a potential white house contender is now headed to court. disney filed its suit on the same day that officials appointed by governor ron desantis voted to block development plans for the florida theme park. the entertainment giant claims it is a victim of a relentless campaign to weaponise government p

but the hardest hit was apple, having a 40% drop — and apple also experienced a 40% reduction in marketthe first of all is weak demand. as we've spoken about time and time again on this programme — during the pandemic, nothing was more popular during the pandemic than staying at home and buying new computers, particularly for those who worked from home. demand was supersonic. those continues can't continue going forward. the other aspect is that many people bought fresh computers and, as a result a couple of years on, those computers are still relatively fresh and, therefore, a —— people aren't necessarily feeling the need to replace them. the other aspect is the economic forecasts going forward. with high interest rates and people struggling to pay their home loans, many aren't thinking about going out and upgrading their computers. of course, apple's going to be one of the companies hardest hit by this, because they make such a luxury, high—end item. many see them as a luxury product. and the final aspect too is inventory. stores around the world bought up computers with it the hope o

how important will india be for apple? >> india was the sixth largest market for apple in 2022.markets that apple continues to see strong double-digit growth. and also in the pc. i think it is really important for apple to continue its momentum in this market. shery: what are some of the products by apple that drive markets in india? what do consumers like? >> obviously there are the iphones. but then there's also macbooks, tablets and other accessories. when we look at iphones, which is contributing to their highest share, it is not only their latest iphones that are big sellers, but some of their older models. last year in 2022, iphone did really well. at the same time, we saw a lot of sales in the 12 and 13 models, which have huge attraction amongst consumers. haidi: the fact that they do not have that earlier status like a lot of chinese brands that are popular and samsung also dominating the market, does that matter for apple? do you think the type of consumer that wants apple products is set apart? >> we have to keep in mind that it is just targeting the premium segment. a

>> apple is one of those names, so highly core rated, as that hits the 200 mark -- have to own apple if they want to be invested it's such a benchmark for the s&p. however, having said that, when i look at analysts out there, i'm seeing 10% decline in mac sales, decelerating growth in terms of advertising and gaming. saw 17% growth last year, only 6% to 9% this year and a number of other factors. stock buyback may be stagnant, although still there analysts are expecting $23 million in stock buyback that hasn't grown. there are some concerns about this earnings event coming up, and i'm just looking at an options market, let me try to avoid this earnings event but still be invested. what i want to do is sell a downside put at the same time finance purchasing an upside call by selling that downside put. the stock moved higher when i was looking at this today, but i'm looking at $10 wide strikes. you're looking at the downside of basically paying 20 cents net if we go sideways. but by selling sort of that downside put i'm not going to get into the stock until i see a significant move dow

devin: apple is a household name so it garner attention.ere you can get over 4%. i would also say we are in the lehner endings of this cash deposit move. on the margin there will be the price of money moving but a lot of the money that is healed seeking has already moved in the reason being is that interest rates have been at a higher level that people who are yield seeking have had opportunities. dani: where 5 trillion on money market funds. that is devin ryan from jmp securities. this is bloomberg. ♪ alix: we want to update you on some headlines, southwest is down 1.5%. the company asked the ffa to pause the airline's departures because of an unspecified problem on tuesday. this comes after what happened in december when there was a storm and disrupted travel and that is when southwest got really hit. their crew scheduling system left pilot's and the crew scattered over 50 airports and they had to spend a lot of money to revamp that tag. clearly, the issue was still at large. we don't know what those issues are but they asked the ffa for

apple. number two, rolex!ove this survey oh, my if i were tim cook, i would say we win because also apple, again square i would be very careful if i were square, not because of the short report, but the cash app could lose out to apple pay just because of how ubiquitous apple pay is >> interesting i'm thinking back to when they launched the category, the watch category we immediately thought what are they going to do to the swiss watch market the second-mover advantage they have, they use again and again >> there's a big line to get into rolex i said rolex is very popular. >> shemy wife said no, they're probably stealing them, just at ross stores, there's a line. when you steal from ross, it's not as much as rolex >> the bottom line from the piper survey >> they are just these brands like nike that you can chip away at them, but they are unassailable with china coming back -- buy apple. then, yes, i have to include meta because i think that instagram increase plays right into the year of efficiency. we've beco