Been reluctant to normally support mr. Trump. Turkey has recalled its ambassador to germany. He vote increases tensions between turkey and germany at a time when ankara is playing a key role in slowing the flow of migrants to europe. The nba finals begin tonight. A showdown between the warriors and the cavaliers. The warriors won the series last year and are defending their title. Global news 24 hours a day, powered by our 2400 journalists in more than 150 news bureaus around the world. From the Bloomberg News room, i am mark crumpton. Bloomberg west is next. Cory im cory johnson, in for emily chang. Right sharing startups are duking it out globally. Uber announced a 3. 5 billion injection from the Saudi Sovereign Wealth Fund. We will catch up with lyfts chief business officer. Ernest moneys tells us why hes betting big on tech renewables. Fox takes a beating, shares down the most in four months despite a strong sales number last quarter. What happened . The company ceo joins us to dis
Revenues rose to a record 74. 6 billion in the first quarter, up 30 profit. Here is ceo tim cook on the conference call. Interest in apple products is at an alltime high with half a billion customer visits in the first quarter. Demand has in shattering our high expectation driven by the unprecedented popularity of iphone 6 and iphone 6 plus. Staggering is right. As cook mentioned, iphones are flying off the shelves. Maybe the only negative note was a decline in ipad sales. The Biggest Development is the success apple has seen in china, where sales are up 70 yearoveryear, opening another potential growth area. For more, i spoke with Piper Jaffrays jean gene munster. I asked about the whopping iphone number. I wondered what was the catch, if there was some sort of channel fill in their or some explanation. It turns out that it was a clean number, that they did not fill the channel. Even though expectations were for high 60 million. That 74 million number was well above that. Anyway you c
Here is ceo tim cook on the conference call. Interest in apple products is at an alltime high with half a billion customer visits in the first quarter. Demand for iphone has been staggering, shattering our high expectation driven by the unprecedented popularity of iphone 6 and iphone 6 plus. Staggering is right. As cook mentioned, iphones are flying off the shelves. The company sold 74. 5 million in the quarter. Maybe the only negative note was a decline in ipad sales. The Biggest Development is the success apple has seen in china, where sales are up 70 yearoveryear, opening another potential growth area. For more, i spoke with Piper Jaffrays gene munster. I asked about the whopping iphone number. I wondered what was the catch, if there was some sort of channel fill in their or some explanation. It could just not be that good of a number. It turns out that it was a clean number, that they did not fill the channel. Even though Investor Expectations were for high 60 million. That 74 mill
It is worth more than 19 billion. It is hard to make that case today because they have so little revenue compared to that number. The reality is there are very few services the region 1 billion and they are more valuable than that. I could be wrong. The recent chance it could be the one service that could get to 1 billion. I do not think i am. Zuckerberg talked about internet. Org to get billions of people to the internet saying there are benefits to providing free access. Here is what he had to say about the profitability of the project. Break even and have a bit of work to do. We are very early. That is what a lot of these partnerships are. We work with folks and it is not tuned and you will spend more than what you are making up front. What we have seen, we are highly confident will go to a point where it is profitable. For more now, cory johnson and i spoke to Paul Kedrosky as well as former ceo executive ali rosenthal. I asked her if it was worth more than 19 billion. It does get
It is worth more than 19 billion. It is hard to make that case today because they have so little revenue compared to that number. The reality is there are very few services the region 1 billion and they are more valuable than that. I could be wrong. The recent chance it could be the one service that could get to 1 billion. I do not think i am. Zuckerberg talked about internet. Org to get billions of people to the internet saying there are benefits to providing free access. Here is what he had to say about the profitability of the project. Break even and have a bit of work to do. We are very early. That is what a lot of these partnerships are. We work with folks and it is not tuned and you will spend more than what you are making up front. What we have seen, we are highly confident will go to a point where it is profitable. For more now, cory johnson and i spoke to Paul Kedrosky as well as former ceo executive ali rosenthal. I asked her if it was worth more than 19 billion. It does get