apple shipped 21 million ipads a drop of 20% and when i spoke to apple's ceo tim cook he said there couldme in his words can ballization taking place between the mac on one end and the phone on the other. also cook did point out the ipad sales number is better than it looks because apple didn't increase inventories this much as last year. more importantly over the long term cook making it clear to me he is an ipad bull and told me customer use of the product was in his words off the charts. and he talked about conference call with analysts about the partnership with ibm as apple works to push the ipad harder into the enterprise. >> i think the partnership with ibm and the work that we have going on in the enterprise is profound. i think we're really going to change the way people work. i'm excited about the apps that are coming out and how fast that -- the partnership is getting up and running. >> now by the way, cook hinted at a final reason for optimism saying that he knows what's in that ipad pipeline and in his words he feels very, very good about what's coming. carl, back to you. >>

tim cook saying it will ship in april. a wide range of opinions about how immediately successful that product will be. morgan stanley think apple will ship 30 million. others are more around 10 million. we'll bring you more headlines as they cross. >> thanks so much, josh. >>> that sort of impacts what the estimates could be for the second quarter. if the watch ships later in the quarter, then the n numbers cou be lower. >> its website today said watch early 2015. i don't think april is early. they were gearing for q1. and morgan stanley, if you go back and look at five years ago, when they introduced the ipad, people did not have high expectations. i think they ended up selling maybe 3.5 million units or right out of the gate. and thing at tthey did 3 bpt $5 billi 3.5 build in sales. >> you don't like watch. >> i don't think it will be a big impact. >> apple shares still holding on to the 5% gains. >>> still ahead, major moves after hours from a slew of companies reporting including u.s. steal and electronic arts. we'll b

tim cook saying that the android switcher rate is higher than ever in this cycle. you know what a breakdown in apple looks like is a superior product or an equal product that comes out from somewhere else at a cheaper price that breaks down their retail advantage, that has not happened. >> if i do say so and i can wait. phone is going to ring here in a minute, i know. i think they were a little smug for a while there about the fact that many people did want a larger screen phone. right? >> yeah and now -- my grading as intensely from -- it's bigger. >> they wanted it. they did want it. this proves it. >> it's more than bigger. i think apple also mitigated some of the down sides of it being bigger and apple has managed to stick to its knitting on what it really believes. a lot of the criticisms they ignored. tim cook has done a good job scrapping the orthodoxy about capital return bshgs the size of the phone, about the size of the ipad, but sticking to it when it's something he really -- >> look who has arrived here. >> josh -- as fast as he could. i won't say what

i think tim cook did a good job of hedging his fx.ket saturation, currency headwinds minimal innovation and this brings us to the issue of price point. >> let's go back to whatanders was saying to minutes ago. -- two minutes ago. they don't come from the united -- from china. they come from korea and you will -- the u.s. and elsewhere. it's not just china. don't stop there. >> the next answer, apple has secured its place in history. certainly, that is true. the most profitable quarter in corporate history, taking the honor from gas from in 2011. >> we have been having to reach into history all day long to figure out the best form. the model t ford, for example. >> another word that steve jobs used which is a fedex. it's not only the physical aesthetics -- which is aesthetics. it's not only the physical aesthetics, but financial aesthetics as well. it is truly historical what we are seeing. it has shifted from fan boy to juggernaut. >> maybe they need to different kinds of ceo. they have the innovator and now they have the distributor.

janet yellen or tim cook at apple. mark zuckerberg of facebook or boeing which came out with decent numbers this morning? the federal reserve just released its statement. the buzzword everyone was watching for was patience, which just describes the fed's state of mind in determining when to raise interest rates. the word remained, however, the fed suggested economic activity was now solid, which seemed to cause a market sell-off after a big jump, initial jump, after investors feared an investment hike would come in june of this year. ceo tim cook caught off guard calling the iphone six sale, quote, staggering. can his might us touch rub off on mike zuckerberg? investors will want to see how mobile app sales are adding up. what about instagram? are they monetizing on that. how much is zuckerberg spending? boeing, forecasting a big jump in cash flow from $4.3 billion to 6.2 billion, sending shares of this dow component sharply higher. what are investors watching in the most closely? what can we expect from facebook after

let me first is you, have you spoken with tim cook recently? to go into -- my discussions with tim, look, we think very highly of tim. i was one of his early supporters when there was criticism of him a year and a half ago or whenever. i think he's done a magnificent job and we certain ly -- the ony criticism we have if you call it that is the fact that they don't do a bigger buyback and the critics of the buyback to me, you know, it's like sometimes the myopic views of the medieval courts or something where they come in and say they need the money to invest in research and development, this company invests more in research and development in world history and still has $178 billion. the issue, you know, that i think is overlooked completely is that this company and brett alluded to it, going at nine times earnings. you look -- so it's almost laughable. you know, you look at companies out there, the s&p, the s&p multiple looking at 2015 we just see there's going to be little growth according to the analyst, they really study that more than i do,

tim cook says the apple watch will start shipping in april. it's the first new product since the ipad was launched in 2010. shares did rise about 5% in after hours trade. once we got that blockbuster earnings report trading higher by around 4.7% in frankford. >> apple sales in china blew past forecast where is revenue grow 70% compared to last year. eunice is in beijing with more on that part of the story. >> hey, guys yeah. tim cook said that the excitement over the products in china was just phenomenal. he was talking mainly about the iphone and iphone 6, consumers here took to the big screens. the numbers as you guys were talking about were impressive. revenues came in at $74.6 billion and the number of iphones sold around the world came in at 74.5 million. we didn't get a break down of the number of iphones sold specifically in the china region but we do know that the sales jumped by 70%. so these are big numbers and very impressive. there was a lot of speculation china could overtake the united states as apple's biggest market. that didn'

dollar and interesting comments on jamie dimon and tim cook.ake a listen. >> jamie dimon is a legend in the industry and i have respect for him and clearly mr. cook also is a very good friend of mine. we're an investor a long time. these are two legends that i have developed with. >> talking whether to buy the euro or dollar, he said i'm a dollar man. bring in simon after what a week it's been. >> that promise yesterday that the european central bank would print and force feed into the economy over a thousand billion euros in the next 18 months, has continued to enliven the stock markets there. good gains. if i show you where we've traded this year, it's clear that european equities are having their moment in the sun, basking in the glory of the central bank. the chart where we've traded his year on european stocks soepd as opposed to the s&p 500 here in the united states. for this country we're flat as you can see, but look, european stocks on the ecb move now up 8% for the year overall and it's really noticeable today in particular the export

tim cook has provided. therefore, stellar results.ng to eat away at android, at samsung in particular. this is where samsung always led the charge, bigger phones. all of a sudden, iphone comes along. suddenly, china sales take up 17% -- tick up 17%. clearly this is a company that is working in terms of hardware and is also innovative in terms of apple pay. apparently, two dollars out of every three dollars are using apple instead of competitors in that form of payment. ipad sales dipped. but they have a new version coming out. they have the watch coming out in april. they are fighting the dollar. they are rising prices in canada and the u.k. to combat that. >> there is also the iwatch. i am quite excited. let's turn to yahoo! a lot of talk about them. it is all about alibaba. >> it is. alibaba is in the news a lot today. the problem is that they have a problem with their share price. yahoo! is saving investor cash because they are saving tax. they are spinning off a $40 billion stake in alibaba. they are spinning it off into a separat

josh, what did tim cook say?tells me that apple is selling iphones in his words, as fast as the company can make them. and he's not kidding. apple reported results that bested expectations on the bottom and the top. investors reacting. that stock racing higher this morning. it is now up over 60% in just the past 12 months. the real stunning number though this. apple shipped over 74 million iphones in its december quarter. that is way more than analysts predicted. it a hard number to get your head around. so cook described results this way, on average apple sole over 34,000 iphones every hour every day, of the quarter. by country, unit sales very strong here in the u.s. up 44%. but cook made it clear to me a real standout in the quarter quartermaine quartermaineland china, unit sales surged 100% as demand for 6 and 6 plus boomed. piper jaffray says mainland china accounted for 21% of apple's revenue in december quarter, up from 15% in the prior quarter. of course, there are challenges for apple in china, including

tim cook is playing it right.e money back into the stores and manufacturing and data research centers. he's doing it exactly how he should be doing it. forget david and carl icahn, tim cook has his own legacy that will be beat -- he could beat steve jobs. he is doing it right. >> he absolutely is. for a second, apple's effective tax rate is pretty darn low. people will take notice of that. neil: with this administration, you don't need to worry. >> apple could just say forget it. we'll move -- neil: iphones in asia? >> they make a lot of things overseas. they keep the money over there. >> so what. neil: don't yell at me. who yells at a superhero. >> this whole debate about outsourcing is so lame. neil: enough human. >> buy apple. neil: on to issue two. remember this promise. obama: you like your health care plan you'll be able to keep your health care plan, period. neil: period. really? apparently that doesn't apply to the 10 million workers expected to lose their plans in the next five or six years. that's how ma

. >> let's talk about someone who is delivering -- tim cook crushed it. what do you think? >> and unbelievable quarter driven by china and more so by the iphone. investors had been waiting on the new products, the next big thing to come along. this quarter showed existing products are doing fine, and they are driving the growth. tim cook notably, said he continues -- said he sees continued growth out of the line of products. xe also said 2015 would be the year of apple pay. there is also concern in terms of retailers willing to accept it. what do they need to do to make 2015 the year of applepay? >> apple pay will be a big part of not just apple, but all e-commerce. alibaba amazon ebay, they are all recognizing electronic payments will be the driver of mobile e-commerce. apple will be there. it is a question of when merchants and consumers in general will really embrace electronic payments. we are seeing data that that is in fact happening across all of these companies. apple, you would expect to be there with their interface. >> scott, what do you think -- tim cook can do

so, again, tim cook's 2014 total compensation has more than doubled from the same time in 2013. the notable increase here, his base salary has gone up to $1.75 million. it was $1.4 million. but his nonstock incentive compensation rose dramatically, to $6.7 million. it had been $2.8 million. those drive the bulk of those gains in compensation. so tim cook, again, with a stock, not so far away from record highs, although it is off of its highs, still showing some signs here that tim cook's compensation has taken a bit of a bump because of apple's performance. >> dom, thanks for that. karen, what do you make of that? >> deserves every penny. and it's probably a penny per share or less. it's really not a lot of money for a very premiere quality executive. yes, it's more than steve jobs, one buck a share. one buck a year, rather. but he is absolutely worth it. that is a huge bargain. >> we'll keep following starbucks throughout this hour. plus, watch how verizon, at&t, and google is looking to shake up the telecom industry. we'll tell you how to trade it. and china's show mailooking

i want to bring up some topics that people will what to hear from tim cook.y want to hear how iphone 6 sales are compared to iphone 6 plus. why is this significant? >> i am looking forward to the iphone 6 minus coming up. i would like it if it were the size of a five. steve jobs was a genius. he made it the right size. i think apple had to go bigger. my sense is the six plus is 25%. it's just too big. >> that's the book on the iphone. >> i don't know that that matters except if the six plus was successful, that would impinge on the minis. i guess people are curious about that. my curiosity is the watch. i spent time with one of my engineers last night. we are going to release a watch app as soon as we can. i think it's interesting. i believe in the watch. the iphone is not really a phone. i think the watch will be similar. it will unleash tremendous new opportunities. i don't personally like to wear stuff. people do. it's a good watch and it looks good and it's going to do 95% other interesting stuff. we have figured out how you can sit there on your watch an

tim cook seems to think there's more opportunity there. it's capturing people who have never owned a smartphone before. tim cook sees a lot of upside. >> what's your sense on the upside cycle? at the moment 2 looks like they're killing it. does there ever come a point where it becomes an ipad. people say, it's pretty good. i don't need to get one every year maybe i'll hold out for three years? >> will there definitely has been a different in the smartphone cycle. they can be replaced every couple years. the mobile carriers have encouraged us they allow us to upgrade to new devices in a couple years. tablets are longer, they seem to resemble laptops which could explain the difference. >> one of the critiques answer it's hard to critique anything that apple is doing at the moment. it's become a one-product company for and for them to excel over the long term wouldn't it be nice for them to diversify? i know they have the watch coming in april. what is your view of what the product looks like is there anything that's a potential game-changer

apple moved a new store drying huge crowds and prompting a tweet from co to tim cook. -- ceo tim cooki spoke with an analyst at creative strategies and bob o'donnell. >> a couple of things about apple with the iphone in china. the chinese market has been very focused on large phones. it was the iphone 6 and 6 plus that triggered this interest. the chinese market is not interested in smaller phones. until apple had an offering, that was one of the issues. in a lot of the emerging upper middle and upper class, they are incredibly brand conscious and apple is a luxury brand. you get the combination of this brand affinity and a phone in the size they are looking for, it makes sense that they are a huge hit. it shows you how the company is moving and adjusting their business worldwide area and >> there were thoughts of this being launched with china in mind. i like the exercise. the notion of the chinese characters acquire that in the phone is attractive has that -- that phone is attractive. has that phone sold worldwide? >> we use a 6 plus and it has done surprisingly well. there were que

i just had the chance to speak with apple's ceo tim cook.you some of the comments he gave about the quarter. one, he said iphone was clearly the stand out. he said apple was selling that flagship product as fast as they could make them. he talked about the strength we saw around the world, not just the u.s. up 26%. emerging markets up 58%. mainland china, up 100% kelly. talking about the ipad as well. tim cook saying they sold more than apple thought they would and he was confident about that product product. he talked about how commerce and consumer satisfaction and usage are off the charts but noticed the upgrade cycle is longer for the ipad and some of the cannibalization you're seeing from six plus and apple pay clearly confident about that service. said they're off to a strong start. the service getting traction and adoption faster than they first thought. as for new products, apple watch, apple teased that early 2015 launch. tim cook telling me he's going to give more color about that product on the call that starts at 5:00 p.m. i'll b

tim cook took in more than double his compensation and received $9.2 million when apple shares set a record. jamie dimon got his first cash bonus since 2011. up a little more than $7 million. lloyd blank fine -- lloyd blank fein with $20 million. speaking about ceos, mcdonald's out with their earnings. they will be slowing down the opening of some of their restaurants. challenging has been a year for mcdonald's. scarlet fu has more on the numbers. >> revenue disappointing investors. earnings per share missing the consensus of $1.13. mcdonald's had already indicated it was suffering from the rising dollar. and some china supply issues. revenue also missing the consensus. here is where it gets interesting. comparable sales for the fourth quarter dropped .9%. they were looking for a decline of 1.5%. the better performing regions where the u.s. and asia -- and europe in terms of the declines not as steep as some had inspected -- anticipated. in africa, sales dropped a .4% -- 8.4%. results will remain pressured in the first half. look at how the stock is trading, it is higher. i will cont

you say -- >> that was the real tim cook his handle verified?to running the company as opposed to doing this? >> yeah. >> did you worry it wasn't going to get done? some thought it would happen a long time. >> one of the challenges you can talk to the s.e.c. about this, we've been in a quiet period. we can't answer a lot of questions. a lot of speculation that has mis understood the environment we're in. we're happy to be public and make sure it's more clear what we're doing as a business, where we're going, how we see the market transforming and we're going to have, you know, hopefully great partners in the process, and so we do appreciate tim's tweet. >> to tim's point, curious about your vision for technology and the future. a massive shift from pcs to tablets. you've been on top of mobile, where we are and where enterprise is now. what's next. >> well in you think about the, you know most businesses of let's say employees of 500, 1,000 employees on up you know we're built up in a more analog world and we're moving to much more digital world.

some of the comments from tim cook is that first-time buyers were at an all-time high. they have been tracking the switch rate from android two iphone for three years. it is the fastest market share from android which plays into the theme which is the product cycle will have more legs than investors expect. and then the iphone watch, whatever the expectations are for that, that was not in the march guidance. there is still the big elephant in the room, which is what do you do with the big comps for next year? but overall, everything for march look to good. >> average selling prices $687. if that stay somewhere in there -- but the price of the components could come down in the margins could get better. >> they could. without the impact of the fx they should be inching about 40%. they did have a peek margin of 47% a year ago. that is obviously unrealistic. but it say for investors to think about margins inching higher in march and in june. if you are a believer that stocks follow margins, that would suggest that shares of apple will move higher in the next six months. >>

. >> the ceo, tim cook said these are incredible numbers.plain them and break them down lucy thank you. hello. yes, the tech giant made $18 billion in the last three months of 2014. that is a 40% in crease on the same period earlier. the biggest profit for a public company in history. the iphone is the primary reason for the sunk in profits. ceo tim cook described it incredible saying the demand for apple products has reached and all time high. apple sold a staggering 74.5 million iphones in that crucial holiday period beating prior records with a significant portion coming from one country. china. all the money apple brought in during that time came in over 74.5$74.5 billion, a 30% increase from a year earlier. interesting to notice sales of the ipad went down continuing to disappoint by 18%. sales in greater china hit $16 billion, a 70% increase from a year earlier and almost equal to the company sales in europe. big numbers n. the editor of "mobile" magazine this is an oh my gosh scenario. interesting when apple started selling iphones in

. >> speaking of another big company that you're not fond of, you once wrote that tim cook has created milquetoast, uninspiring, margin tweaking image for himself. you also said that apple should by tesla and make elon musk the ceo. do you still believe that? >> yes. he is very good at what he does. i think he is probably an exceptional operationally minded ceo. the question is can that inspire the type of creative types to build the next lily pad? i think, no. think of the amount of wealth that is created in a place like that. think of what that means for that individual engineer who has the next great idea. if you're trying to build the next great thing, where the person at the top is not necessarily optimized for thinking that way and being as maybe as disruptive, and rather wants to create a holistic environment, i'm not sure greatness comes from those boundary conditions. >> can't apple get there if they have a new leader? >> they can acquire it's a multitrillion dollar category. it is something we would all love, an apple experience in our car. there are many other areas, home au

to put it in perspective, this is what tim cook said. >> on average we sold 34,000 iphones every hour24 hours a day, every quarter. to achieve these results was spectacular. making it our fastest and most successful rollout ever. >> who would have thought tim cook would be saying that a year later? joining us now, the head of global technology research and an expert on apple. he has a bye in the company. you boosted your car on apple to 160 shares. this is based on purely iphone sales objections? >> yes. we increased our consumption and put apple watch into our model. this is really a transformational cycle. an unprecedented iphone upgrade and a product category that is very exciting. >> apple, how are you able to price in apple watch when none of us know much about it? >> we know it will start at 349 and the apple edition and the apple watch at the mid range we made assumptions. >> what are your assumptions? >> we have just under 21 million units in the first year and that is really 50% lower than what we actually think they can do. conservatism for the reasons you voice. a lot of th

a vindication for tim cook.e faced questions about whether he could successfully take the reins after the death of steve jobs. in three months, apple reports the largest net income of any public company $18 billion. a 46% jump in iphone sales. the demand for the iphone has been staggering. he never figured the success of the iphone 6 would be so successful, said cook. uses reported the phone would bend in pockets. others said apple was lagging behind competitors like samsung. apple could now crack the chinese market. 70% increase from this time last year. the only loser appears to be the ipad tablet. demand continues to fall as people moved to cheaper alternatives and existing customers choose not to upgrade. >> nintendo is getting a boost from the weaker yen. profits rise almost 500% to just over $500 million. sales were below forecast for this year of the 3ds. profits jumped by 7% by the end of november, less than had been expected. they opened a new store every day in 2014. yahoo! managed to spin off its stak

but apple, tim cook they're always looking for the new amazing thing. the one part of that entire company that is really lacking is their production platform and how they are dependent on outsourcing, on waking up workers in china, feeding them tea and biscuits and putting them to work if there's been a screw up in the product. i can only imagine the factories they can design in the united states if they put their mind to it. they can do anything if they put their mind to it. >> isn't this the model? this is what american companies want to emulate. look what they did. that's what we got to do. >> yes. if apple were to bring jobs back to the u.s., and it would cut their profit margin a little bit, it would also result in some more money being spent hiring people in this country which would be good for the company. apple's quarter profits were a quarter billion, not a quarter trillion a day. we will over time lose our edge to china. it is important we have a domestic manufacturing industry that does very high-tech work. it would mean more salaries more jo

so did tim cook, the ceo of apple, tim cook and him will be talking about what it will be like to leadingd company. lori: so much to watch. even with today's selling, stocks are on track for the first winning week of the year. next week chock-full of earnings that could move the markets and a fed meeting. we have a greek presidential election that could be what's bringing the sellers here to market. >>> joining me to break it all down from the cme, chris robinson, welcome back from the new york stock exchange. robert hackel. what's your take here, we're seeing the selling accelerate here? >> definitely doing that, and it does have to do about the greek political situation and the elections on sunday as well as, as you said earlier, the markets have been heading up and you had a big day yesterday in the markets and a sell-off right now. lori: thanks, rob, want to get chris' take on the sell-off right now? >> well, the sell-off in quotes. this time last week we were at two-month lows, we were at 5% off the highs, the dow at 17,125. i think that's going to be what the market is looking at. i

one of the big concerns or questions, when tim cook took over, is apple going to be as good at products, at design, in the post-steve jobs era? we've now had a few years of this, the latest raft of products. what's your verdict on that? >> oh, i think apple is alive and well and thriving. and, you know, there are a lot of great product leaders at apple that, you know, are still there. you know johnny being a good example but there are many others. i think tim has done an amazing job at marshaling the creative energy, the innovation, in a way that yields great products time and time again. and so yeah. i think they're doing incredibly well. >> facebook. >> uh-huh. >> so so much of the focus on how people consume content is around facebook. >> right. >> you have media companies that have sprung up, whose strategies really are built primary around distribution through facebook, in some cases through other people's content. facebook is the mechanism for the consumption of content. how do you think of -- how do you see facebook's involvement with media content consumption right now? >> well,

one of the big concerns or questions, when tim cook took over, is apple going to be as good at products, at design, in the post-steve jobs era? we've now had a few years of this, the latest raft of products. what's your verdict on that? >> oh, i think apple is alive and well and thriving. and, you know, there are a lot of great product leaders at apple that, you know, are still there. you know johnny being a good example but there are many others. i think tim has done an amazing job at marshaling the creative energy, the innovation, in a way that yields great products time and time again. and so yeah. i think they're doing incredibly well. >> facebook. >> uh-huh. >> so so much of the focus on how people consume content is around facebook. >> right. >> you have media companies that have sprung up, whose strategies really are built primary around distribution through facebook, in some cases through other people's content. facebook is the mechanism for the creation of companies and the consumption of content. how do you think of -- how do you see facebook's involvement with media content c

most important have some faith in tim cook and his team. what the heck do they have to do before you say, okay as always i have to stay skeptical, but these guys have pretty much defied the mobile before, maybe they can do it again. i'm sick and tired of defending this company and stock to the traders who doubt me wherever i go including @jimcramer on twitter. i don't want want to bother. after this ap stoundstounding quarter, neither needs defending. don't trade it, period, end of story. ken in new york. ken? >> caller: how you doing, jim? >> i'm doing okay, ken. how about you? >> caller: i'm doing all right. i love your show man, i got a lot of good stock tips from you. i'm a beginner. >> okay. >> anyway, my question is go pro. what's going on with this stock? it was great in august and september, october and -- >> well you know ken, what happened is something about the mechanics of our business not necessarily the mechanics of go pro. a tremendous demand for go pro. the stock went too hard. insiders started selling and supply overweighed

. >> how confident are you in the future of apple under tim cook? >> i think he is doing a great job. we have seen great products this month with the new iphone. i have a 6 plus. apple is a great company, the greatest story in american business. look, steve was the greatest of the greatest, we all know that. so being the follow-on will be , told no matter what. >> steve jobs and larry ellison were great personal friends, but how were they different as bosses? >> both are phenomenal visionaries. both have a feeling for where the industry is going and work hard with teams to create that reality. i think that where they are a little bit different is there a -- larry was maybe a little more of a suit and tie person, steve was always in his jeans and black turtleneck. their aesthetics were a little different. their styles were remarcably the same. i think that is why they got along so well together. >> in what way? >> it gets back to that passion. they were passionate, dedicated, focused people. the number one issue for both of them, their business. noth

a hefty race for tim cook. he had a cash bonus which is now his compensation $9.2 million which is por than double of what he had the previous year. the profits are made possible by the new iphone 6.0, which is the catalyst. the salary he earned is from the incentives after the company passed performance goals. >>> and now, dreamworks announcing big layoffs. they are going to be closing down their local office and lay off some 500 people. they say movie missteps, and the merger partner led to system of the cuts. some of the employees in the redwood city will be offered jobs in the headquarters. >>> and now, a stanford film student is nominated for the most highest recognition possibly oscar. the pal loeo alto man who went from teacher to oscar nominee. >> reporter: a number of awards have been proudly displayed on the shelf, and then his film made a short nomination for an oscar, and it was so unlikely that he did not wake up to watch the oscar nominations live. >> my dad, who was alive in utah watched it and g

the ceo tim cook says the popularity is staggering. it's more than making up for the disappointing showing of the ipad. figures last quarter exceeded all expectations. from october until december apple made a net profit of $18 billion. that is 38% up from the year before. profit margins on the iphone are high. apple keeps production costs low by having most of the work done in china. sales there are also hitting new highs. apple is now the biggest smartphone company in china with 21% of the market. >> let's see what else is moving the market. this wrapup from the floor of the frankford stock exchange. >> good news for the german consumer. the mood at a 13 year high. also in news from some companies. from germany but also the united states. the market didn't do that much with it. the dax during the middle of the day actually in the red, losing some points. one of the reasons for that is greece. the new head of the government rolling back and stopping privatization. people are worried about the consequences for international moneylenders

tim cook has come into his own, right?s. >> the thing about apple though is when you look at the jobs picture, it creates jobs at the high end and the low end, not so many in the middle. not a company like caterpillar. >> it creates jobs in china, places where they make them. >> that's right. very good point. selling them or if you're the big brains designing them that's where the jobs come for apple. >> it's only january and everybody says oh, the economy is getting better. the wage gap still exists. >> i'm worried about the wage gap, carol, but i think this year i really think this year you might see wages start to rise again. here's why. because you have a pretty broad mix of the kinds of jobs that we're creating. wages just haven't been rising for so long. i think that in some categories you're going to see wages start to rise. this is the best year for asking for a raise if you are gainfully employed than it has been in years. >> relatively. >> i'm a little more pessimistic. a rare disagreement. i think we're going to

. >> for the gay and lesbian community it was a huge move when tim cook came out to the community. >> people in the inner circle sort of knew and people had written about it on some level, but for some people to come out and say i'm doing this, this is why, there was a time when that would have been a huge issue. it was an amazeing moment. >>> now we're going to look ahead a little bit because we have a tradition on this show where we want your predictions for 2015. pressure is on. we're going to begin with you, michelle. >> i don't think there's a tech bubble. i don't think there's a tech bubble, but teens are going crazy. there's not going to be a major correction this year. we're basically going to keep rolling along and there will be little moments where the market will drop 400 points and people will gasp, but people will keep going. not such great news if you're trying to buy a house or hoping the income inequality issue is going to work out. >> paul, you get time. >> the plastic bag companies who are trying to overturn california's law banning plastic bags will succeed and coll

ceo tim cook characterized the sales as staggering.rting in april, you can get your hands on the apple watch. >>> time to get down to business with cnbc's lana downey. >> unemployment fell in 42 states last month. another sign strong hiring is creating job opportunities. unemployment rose in four states and was unchanged in four others. job gains were healthy in states with big oil and gas industries, suggesting the drop in oil prices hasn't led to significant lay-offs just yet. >>> amazon prime members are spending more than non-members, spending an average of $1500 a year versus just $625 for non-members. amazon prime costs $99 a year and offers unlimited free shipping. >>> americans are rediscovering their love for burgers, 9 billion served last year, up 3% the first gain in five years. that means every person in america ordered a burger every two weeks. >> my family definitely contributed to that. >>> just ahead, it might seem funnier than the original. the all female ghost busters cast is revealed. >>> plus it got a little weird.

>> tim cook. >> way too much. i wish i weren't tim cook -- i guess there's a lot of good stuff being tim cook he runs greatest company on earth -- i heard someone say on "squawk," apple could turn everything around. that is revisionist history. david, i will give -- i think if i were to say apple turned things around, that's being a pollyanna. everything's coming down going to cause up to relook at what we didn't think was that good. and we're going to be at lower levels and maybe some opportunity. >> back to your point of reset. microsoft down 8.5% is a reset. when you look at a longer term chart, it's still not too bad. >> but they didn't -- right, but this is level it's got to hold or it becomes head and shoulders pattern. >> hewlett-packard down 4.5% oracle down 3%. >> that's on top of seagate, sandisk, zylink. build a good argument on that front. >> i think they'll be -- i'm going to give in to david. it's a horrible david i'm going to got crown royal plaza pa viv pavilion double degree, say it's so bad. i'm

apple's ceo tim cook said in an earnings conference call that the firm will release its wearable computer apple watch, sometime in april. >>> well japanese firms are promoting technologies for disoos ter preparedness at a conference in california. and like japan, the u.s. state does suffer from major earthquakes. local government officials and politicians gathered in los angeles with business people from around the world. representatives of 11 japanese electronics and chemical makers introduced state-of-the-art technologies that are friendly to the environment. a local japanese company showed water piping with the flexibility to withstand an earthquake. japan's shinkansen bullet train technology was also on show. it enables bullet trains to stop safely in an earthquake. >>> okay. that is going to do it for biz tonight. let's get a check of the markets. >>> senior government officials from japan, the u.s. and south korea have agreed they need more help dealing with yong pang's nuclear program. they'll ask their counterparts from russia and china to assist them in taking concrete action tow

app creator personally e mailed ceo tim cook to get the app bumped to the top of the list. it show map of nearby supporters of the satire magazine. >> well water went everywhere after construction crew topple the fire hydrant in downtown san francisco. viewers shared the video with us. as you can see the water rose 2 stories before the street outside the apple store at stack ton and ellis. soggy mishap happened next to the construction zone for the union square station on muni spral subway lines. fire department shut off the hydrant. >> hade ward man faces citation and won't be driving cherry red mustang for awhile. he took part in a side show that shut down interstate 8 80. look at you tube video of yesterday side show near oakland coliseum. the chp received reports of cars doing do newton 8 80 shutting down the freeway for about 10 minutes. they were spinning do nut and things like that on the freeway. we sent officers down there one officer was responding on the south bound side he was reporting he was getting struck by rock in the patrol car. >>reporter: chp says some p

. >>> last year apple's tim cook was paid $9.2 million. is more than double what he made in 2013. over $6.5 million of his compensation was incentive-based. apple stock has risen since cook uncovered the larger iphones and faster apple tablets. cook joined apple in 1998 and was named ceo in 2011 seceding steve jobs. >>> if you want to go to the best diner you've got to go behind bars. the clink is located inside the cardiff prison. the 30-seat restaurant opened to the public in 2012. it's staffed entirely by inmates. it was voted number one by inmates. the inmates are training for post-prison careers in the hospitality industry. anne-marie? >> one caveat, you have to eat everything with a spoon or maybe a spork perhaps. it looks rt good actually. it looks like fine dining. jill wagner at the new york stock exchange. thanks a lot, jill. >>> when we return cyber show. we'll show you some of the bizarre moments. the pm pain reliever. that dares to work all the way until... [birds chirping] the am. new aleve pm. it's the first to combine a saf

app creator personally e mailed ceo tim cook to get the app bumped to the top of the list. it show map of nearby supporters of the satire magazine. >> well water went everywhere after construction crew topple the fire hydrant in downtown san francisco. viewers shared the video with us. as you can see the water rose 2 stories before the street outside the apple store at stack ton and ellis. soggy mishap happened next to the construction zone for the union square station on muni spral subway lines. fire department shut off the hydrant. >> hade ward man faces citation and won't be driving cherry red mustang for awhile. he took part in a side show that shut down interstate 8 80. look at you tube video of yesterday side show near oakland coliseum. the chp received reports of cars doing do newton 8 80 shutting down the freeway for about 10 minutes. they were spinning do nut and things like that on the freeway. we sent officers down there one officer was responding on the south bound side he was reporting he was getting struck by rock in the patrol car. >>reporter: chp says some p

. >>> if you have ever wondered how much the head of apple makes, tim cook get a nice slice of the pien the billionaire's club, last year he was credited one of the lowest paid executives at apple with less than $2 million in salary but his bonuses and stock options make him almost a billionaire, he earned 50$50 million in 2015 and has 5 million in stock awards that were given to him when he took over the company in 2011, because they have risen sharply, his stock awards are now worth close to $700 million. the world is filled with air. but for people with copd sometimes breathing air can be difficult. if you have copd, ask your doctor about once-daily anoro ellipta. it helps people with copd breathe better for a full 24hours. anoro ellipta is the first fda-approved product containing two long-acting bronchodilators in one inhaler. anoro is not for asthma. anoro contains a type of medicine that increases risk of death in people with asthma. it is not known if this risk is increased in copd. anoro won't replace rescue inhalers for sudden copd symptoms and should not be used more than on

ceo tim cook says demand was quote staggering. if you have been waiting to get your hand on iwatch cook says it goes on sale in april. >> ukee and erika. >> in a couple years we will all bewaring them. >> more money indeed. >>> coming up after a short break traffic ape weather together and we will do it the on the three's. >>> right now, 4:53 with traffic and weather together, vittoria, good morning. >> good morning, everyone. if you are traveling out and about on the majo you won't notice any major delays. that is got news and this time of the day you usually don't have have any major delays. however, traveling on the majors in and out of the neighborhood be careful of black ice. i did run into that myself this morning leaving the house. so just keep that in mind. as we look at our area bridges, bridges are great. no delays for betsy, ben walt, up and over in either direction is fantastic. in problems as well traveling on the boulevard. really anywhere pennsylvania, new jersey, delaware you are running really well. the grit thing

. >> what is the future of apple under tim cook? will apple be a big player in television?it looks promising. it looks extremely promising. you know, the iphone 6 is a huge hit. and is going to be extremely successful. apple is gaining strength. you can kind of feel it. is a company gaining strategic strength or losing it? you can just feel that apple is gaining strength. i think they will do extraordinarily well. the interesting thing about apple tv is that apple keeps refusing to build the tv. everybody keeps predicting there will be an apple tv you put on your wall. and they don't build it. i believe that why they don't build the tv goes back to the power of the smartphone, which is, a smartphone upgrade cycle is two years. i think what apple figured out is the upgrade cycle for tv's is five years or 10 years. the tv, effectively, is fated. the tv will become a dumb peripheral for the smartphone. you will use chromecast, one of these things, and beam to the tv. the tv will be the dumb recipient of the content. i think they think that is a low margin business that other p

app creator personally e mailed ceo tim cook to get the app bumped to the top of the list. it show map of nearby supporters of the satire magazine. >> well water went everywhere after construction crew topple the fire hydrant in downtown san francisco. viewers shared the video with us. as you can see the water rose 2 stories before the street outside the apple store at stack ton and ellis. soggy mishap happened next to the construction zone for the union square station on muni spral subway lines. fire department shut off the hydrant. >> hade ward man faces citation and won't be driving cherry red mustang for awhile. he took part in a side show that shut down interstate 8 80. look at you tube video of yesterday side show near oakland coliseum. the chp received reports of cars doing do newton 8 80 shutting down the freeway for about 10 minutes. they were spinning do nut and things like that on the freeway. we sent officers down there one officer was responding on the south bound side he was reporting he was getting struck by rock in the patrol car. >>reporter: chp says some p