josh lipton is there live with the latest. josh, what's going on? >> reporter: well, courtney, there are more than 5,000 developers here today right behind me and the job of apple executives, tim crook, phil schiller, is to win over those programmers, convince them and excite them about creating apps for apple products and apple services. they're going to likely do that by unveiling new versions of their operating systems including ios, their mobile operating system for iphones and ipads. when you look at market share ios controls about 15% globally. that is a far distant second to android but the developers behind me here today are less concerned with market share. they want to know where they can earn the most money. apple recently told us those developers have earned more than $70 billion from the app store since its launch in 2008 over the past 12 months downloads up about 70%. analysts will be looking at the new version of ios, does that give us any clues about that iphone in the pipeline? i know gene munster wants to see do we see any new a.r.

josh lipton takes a look at the device. >> an ipod. a phone. and an internet communicator. and ipod, a phone. are you getting it? >> not even steve jobs could have known just how transformtive this device could be. apple has sold more than 1 billion iphones and its flag ship product now accounts for the majority of its sales. the iphone didn't just reinvent apple. the product upended and redefined markets. made the blackberry all but obsole obsolete. it als created an app economy valued at $1 trillion and it's the app store that helped fuel the growth of so many young, mobile first companies from snap >> so, what do consumers want to see from the iphone ten years from now? >> face time should be multiway. like conference call. >> should be able to test for passengers in the air. the food, making sure that air quality is good. >> would not likely to be integrat >> this comes at a critical time for apple. with with iphone sales coming off their first year of decline, but investors have high hopes for that latest virgen version expect nd the fall. i'm josh lipton, san francisc

for "nightly business report," i'm josh lipton, oakland, california. >> love that story. that's right up your alley, bill. >> absolutely. should be a great series. looking forward to it very much. >>> that does it for us tonight. i'm sue herera. thanks for joining us. >> i'm bill griffeth. have a great evening. we'll see you >> this is "bbc world news america." funding of this presentation is made possible by the freeman foundation, and kovler foundation, pursuing solutions for america's neglected needs. >> planning a vacation escape that is relaxing, inviting, and exciting is a lot easier than you think. you can find it here in aruba. families, couples, and friends can all find their escape on the

josh lipton is on the scene with some details for us. josh? >> reporter: bill, there are more than 5,000 developers here behind me today. they want to hear about software updates. they listened to apple's tim cook and others. they offer a number of updates to their operating systems. one big feature that's coming to that new version of ios is ios 11, the iphone, the ipad. apple did introduce today peer to peer payments through a new feature they're going to call apple cash. that would seem to be of course a direct attack on similar services like paypal. you can send money more easily to your friends and family. for apple pay, that's going to be part of ios 11 which will launch later this year. apple ceo tim cook started the conference by talking about apple tv. i heard you two talking about how amazon prime video coming to apple tv. obviously your living room is a big area of competition between all the big tech giants. if apple tv is going to be a success, tim cook knows he has to bring you some of the most sought after and attractive content

let's get straight to josh lipton with the highlights. >> melissa, this was a developer show. but there was plenty of hardware news here today as well. you can start with that new device apple just unveiled today, they call it homepod. a smart speaker that will cost $349. it will be available later this year. siri activated. to allowing users to call up music, messages, news, all hands-free. a shot at others who sell smart speakers. >> we have such a great portable music experience. but what about our homes? we think we can do a lot to make this experience much better. just like we did with portable music, we want to reinvent home music. >> apple also went heavy on the mac today announcing a number of refreshes to that also. a new machine coming later this year it calls the most powerful mac ever, 5k display, $5,000. but this was a developer show, so the big focus was on software. apple unveiling a new feature peer-to-peer payments, that would be seeming to take a direct shot at similar services from square and benbo. >> thank you very much, josh lipton. let's check how apple

josh lipton in san francisco has more on this story josh. >> reporter: well, brian, apple ceo tim cook says he wants to double the size of his service's business by 2020 one potential way to reach that goal, build out a bigger foot print in video programing to that end, apple today announcing it has now hired two tv veterans, who join apple from sony pictures television where they have served as president since 2005 they were responsible for a roster of celebrated programs like "breaking bad" and "the crown. they will now serve in newly created positions with video programing world wide and reporting to apple eddie q who se jamie and zach are two of the most talented tv executives in the world and have been instrumental in making this an exciting world of television there is much more to come apple, of course, started moving into streaming programing, "planet of the apps" another documentary on collide davis in the next few months and car pool karaoke cakes i kicks off august 8th. they say such original pro rating if successful could be a way to differentiate rivals like spotify, apple

. >> thank you, josh lipton. >> i think that last bit with josh has been the most important point t.sirieeds to come up with something here. they are a distant number three behind amazon. they need to wow investors here a little bit. obviously, this is a software conference. i want to make one point, quietly the air pod, which they've released last year, it's been released in many, many years to me the expectations aren't particularly high t. options market is pricing it 1.7%, moving either direction between apple between now and next week. i think if you have gains in the stock, it's up 34% year-to-date. you have high expectations for next week's conference, and high expectations about the phone that josh detailed that may or may not come out in september, you may want to consider calling. we talked about one last year, excuse me, last week in amazon. it's a strategy where you are long the stock. are you overlaying that. you are allowing for upside up to a certain point. you are giving up a certain amount of upside or protection. i want to layout the trade, if you are long the stock. yo

we appreciate it >> jon, back to new new york >> all right thank you, josh lipton for that great interviewguys, i think maybe we reached a point where we'll stop hearing investors say oracle missed the cloud. what we heard from mark hurd and heard on the call last night is part of oracle's deliberate step towards bringing all of these applications at once to the cloud. follow on to the enterprise. i've been trying to say this for a long time. >> all right, we'll give you credit too i think i'm in the pundit category bammel is talking about having a $62 price target on this they're giving them a peak multiple that is a difference a quarter can make >> i think the difference is, the question is are we still in a best of breed rear when it comes to cloud software where people go with a sales force because they feel like that's better or are we entering the con seen yens pha convenience phase where people want to go with a suite? >> price target raised at wells fargo, deutsche bank, goldman sachs and jeffries on this quarter. you're seeing the stock move up 9% >>> senate republicans releasing

i'm josh lipton.ome breaking news here on nvidia cnbc has learned that nvidia is going to launch graphics cards specifically designed for cryptocurrency mining. so, it sounds like nvidia here is going to produce chips designed to do the computing work to make, for example, bitcoin. not clear when these cards exactly are going to be available for sale, but obviously, there's digital currency prices, we have seen those surge. bitcoin's up around 140% so far this year. that, in turn, drives demand for these kinds of graphics cards. cryptocurrency miners use the cards to mine new coins. as to how big that is, chips for this market, i've seen the estimates of about $1 billion. guys, back to you. >> that's pretty interesting it's kind of like when caterpillar or some heavy equipment-maker makes a better machine that can drill deeper. it's pretty cool >> all right, josh, thank you very much. >>> sprint shares are up nearly 5% today on a report that it is talking with cnbc parent comcast and with charter comm

josh lipton is watching that. >> carl, that commencement address just wrapping up here at m.i.t.e students you have learned how technology can change the world for the better. he also, though, talked not only about the potential advantages of technology, carl, but also some of the risks. take a listen. >> technology today is integral to almost all aspects of our lives. most of the time it's a force for good. and yet the potential adverse consequences are spreading faster and cutting deeper than ever before. threats to our security, threats to our privacy, fake news, and social media that becomes antisocial. sometimes the very technology that is meant to connect us divides us. >> carl, then cook pivoted to talking about a.i. he said i'm not worried about a.i., or the ability of computers to think like humans. i'm more concerned about people thinking about computers, without values, compassion, without concern for consequences. that is what we need for you to help us guard against. carl, back to you. >>> josh, interesting, as we sit here still awaiting the president, guys. fascinat

josh lipton has that story from san francisco. hey, josh. >> reporter: that's right. apple's ceo tim cook took the stage and unveiled home pod, a new smart speaker. >> we have such a great portable music experience but what about our homes? we think we can do a lot to make this experience much better. just like we did with portable music, we want to reinvent home music. >> reporter: the smart speakers are integrated with siri, designed to work with apple music which we learned has 27 million paying subscribers and $349, home pod is pricier than rival devices from amazon and google. it ships in december. >>> we also learned about new partnerships at last year's code conference, remember, amazon's jeff bezos said the two companies had not been able to negotiate acceptable terms but apple announcing that amazon, prime video is now coming to apple tv later this year. good news for transparent and sneaky pete fans. this was a developer show so software did play a big role, including the unveiling of ios 11. >> today we are going to take the world's best and most advanced m

josh lipton is there with the latest headlines for us. osh. >> well, scott, the votes are just now in at that shareholder meeting. it goes according to plan. 12 directors were approved, that would include larry paige, sergey brennan, and eric schmidt. compensation to named executive officers also approved. and seven stockholder proposals that would include lobbying, gender pay, so-called fake news, they were voted down as the board recommended. of course, all of this coming as that stock has been on a tear, up more than 25% this year. eric schmidt is now on stage. he's going to be fielding questions from shareholders. we'll bring you those headlines as they come. scott, back to you. >> josh, thank you so much. not going to get much flack for what the stock's done. sy sirott? >> no, and they've delivered. if you look at youtube and they compete with microsoft azure and cloud. and the other one people don't talk about is the cloud. they have a real cfo in there, a real team. and i think this is going to be a company that's been around for a

josh lipton. >> apple made that first episode free. subsequent episodes will air every tuesday.hey pitched their apps to a panel of stores including will you i am and gweneth paltrow. it connects people to professional interior designers integrating a.r. technology. that won over jessica alba, who was also on the show. there are more shows to come, including a documentary on sean combs in june, one on clive davis in the next few months and car poole karaoke debut ns augus in august. it could help differentiate them from rival services like spotify and give a boost to the services business where they jumped 18% to more than $7 billion. got a cracked iphone screen? apple has a solution. they will be bringing their custom horizon machine that can fix such damage to 400 locations by the end of this year. that's going to include third-party locations like best buy and independent service providers. before this, they had restricted the use of that machine to its own 495 stores. back to you. >> did you watch it, josh? variety says it is not terrible but a bland tepid knockoff of shark

josh lipton is covering it all. >> reporter: when apple ceo tim cook takes the stage here in just about two hours he'll be looking to excite more than 5,000 developers who are going to be right behind me here today. cook wants those programmers creating apps for his products and services not the competition so he's likely today to unveil new versions of i had operating systems including a new version for ios. that mobile operating system is a distant second to android when it comes to market share. but developers care about the money they can make. apple said developers have earned more than $70 billion since the app store launch in 2008 and downloads have grown over 70 administers. gene munster is looking about the new iphone, signs of new features. excitement about that new iphone is what's helped drive apple stock up almost 30% this year. there are skeptics. apple was just downgraded arguing upside for iphone 8 is priced in. in terms of software we'll look for hardware updates, updates to that laptop lineup as well as a smart speaker. apple will take on amazon and google. apple would

possible >>> we've got new details from a story involving apple and hertz which is moving by 12% josh lipton>> reporter: so a quick update, those headlines that were popping fast and furiously on apple and hertz. sources familiar with the situation confirming to me that the new series at apple is simply leasing cars, leasing six cars from hertz for autonomous software testing, so that obviously is a lot different than saying apple is partnering with hertz why exactly apple is leasing these cars obviously a company that sits on a huge cash pile waiting for clear clarification on that, an i'll get that as soon as i have it from the company. again, sources confirming here that this is not a partnership but that apple is simply leagues six cars from hertz for autonomous soft war setting. >> why don't they just buy them? >> car max. >> apple is cheap. >> hi, jon fortt. >> apple is cheap. >> they don't like to overpay for anything have a place set up in new york city where they are doing meetings, could buy it they haven't bought it they are leasing it. squeeze their suppliers for every penny. the

josh lipton is looking at it live in san francisco. elle, apple executives described that first iphone as a revolutionary new product and it certainly radically transformed apple as a business apple has now sold more than 1 billion iphones generating revenue of $734 billion. here's another way to think about that stat. in fiscal 2016 alone, the i-phone generated reverend nye of 137 billion that means that the single product generated more revenue in all but 35 companies on the planet in 2006, the mac and ipod accounted for 78% of apple's revenue. today, it's the iphone that represents 63% of total sales. now, this anniversary comes at a critical time for apple with iphone sales coming off their first year of decline. investors have high hopes for that new iphone in the pipeline. that's a big reason why apple stock is up more than 20% so far this year. but what do consumers think about that new iphone ten years from now here's what they want to see >> facetiming should be more like a conference call. >> i want to be able to test for carc

you are quiet and this does not do your pause any good >> all right, lets bring in from the ceo, josh liptonense meeting given how sharply. the same second ceos have criticized president trump you mentioned tim cook there and one issue front and apple for ceo is climate change. cook took the president to task for moremoving the u.s. from the paris climate agreement. in twitter, it was wallahis wor" wrong or your planet." schmidt did not back down one bit. >> you also find that all other companies in the industry agreed with us. >> now, beyond climate change, immigration is another critical area of disagreements here the president's proposed travel ban, when the fight first broke out. microsoft nadella made his view clear. guy guys, back to you. >> josh, thank you very much i got jeff bezos on my brain >> speaking of jeff bezos, check this out amazon impacts other companies so great that one research firm fell compel to build a death by amazon index they fear they maybe quote, "amazon as well. >> joining us, cofounder, paul, why did you feel the need to build such a dwyer index in the first p

our josh lipton's there in san jose with a look at what to expect. eveloper's show. so the focus going to be on software. seems like a safe bet that apple is going to introduce a new version of ios. apple usually unveils that new mobile operating system here today and then makes it available as a free update in the fall. in terms of global market share, ios controls 15% according to idc. now that is a distant second to android, but the more than 5,000 developers today they're less interested in market share. they want to know how much money they can make in q1 the app store did generate about 100% more revenue for developers than google play. that's according to app annie which notes that gross consumer spend is more than $15 billion. analysts looking to that ios update for any clues about that new iphone in the pipeline. of course excitement about that iphone and the subsequent upgrade cycle is a big reason why apple stock is already up more than 30% this year. up some 60% in just the past 12 months. in addition to software though, we are also antici

. >> we've got the earnings from adobe just out josh lipton, i noticed on the ticker the stocks are movingobe reporting eps of 1.0 it, above expectations of 95%. revenue higher than expected it looks like revenue for digital media, photoshop and revenue 1.21 billion and digital media, annualized recurring he have knew 4.65 billion and analytics revenue $495 million that stock was already up 40% for the year heading into this print. it looks like it's ticking higher now in the after hours. guys, back for you. >> 2% higher adobe's ceo will be joining "mad money"'s jim cramer tomorrow night, a cnbc exclusive interview to discuss these results and more at 6:00 p.m don't miss it. high expectations already a big winner, mike santoli, 11.5% the last three months. >> the bar keeps going higher because it's been such a good story, and they hurtled it this quarter. stock was above 1.44 in the big-cap tech pullback, and now it may be on this bounce after hours. it might hurtle back above that old high and it did have at least a minor wobble up near the highs here which is the big cap kind of consensu