Company has a plan b. And the cost of being cool. A former executive testifies the Company Fired as many as 100,000 workers in recent years in an effort to compete with Companies Like google and amazon. The latest on multiple age discrimination lawsuits facing big blue. Our top story of the week, apple earnings. The tech giant forecasting revenues that topped analyst estimates, seeing a surge in services, which now contribute to a fifth of total sales. Apple also reported the iphone represented 48 of revenue, the first time it has made up half of sales in several years. In a way, this is progress towards apple relying less on the flagship product and more on new lines of business. I got reaction from bloomberg businessweeks max chafkin and a Portfolio Manager, dan morgan, who manages about 240,000 shares of apple stock for his clients. Dan it is an interesting report. If you would have told me they would have missed on both services and revenue, i would have said there was no way they
Android, and when that decision will come, so we have to make preparations for our products. We will evaluate our strategy for the overseas market. If we are not able to use android for our new smartphones, we have the ability to develop our own operating system and ecosystem, which would become the basis of our services to the customers. Tom give us a sense how fundamentally you have had to change your supply chain to mitigate these pressures . Have you completed those changes, or are there more to be done . Mr. Hua the entity list put into place by the u. S. Was disruptive to our supply chain as we had already made plans to use the components from the u. S. But u. S. Suppliers suddenly stopped supplying us, so we had to make adjustments to our supply chain, including our process of purchasing, manufacturing, and delivering products. We will do the adjustments to our supply chain. We will change to other suppliers and use our own chips for the core components. I think the damage to th
Huawei feels the burn of u. S. Tensions. We have an exclusive interview with the chairman in the midst of a sales lunch, whose says the company has a plan b. And the cost of being cool. A former executive testifies the Company Fired thousands of workers in recent years in an effort to compete with Companies Like google and amazon. The latest on multiple age discrimination lawsuits facing big blue. Our top story of the week, apple earnings. The tech giant forecasting revenues that topped analyst estimates, seeing a surge in services, which now contribute to a fifth of total sales. They also reported the iphone represented 48 of revenue, the first time it has made up half of sales in several years. In a way, this is progress towards apples less reliance on the flagship product and more on new lines of business. I got reaction from bloomberg businessweeks max chafkin and a Portfolio Manager, dan morgan, who manages about 240,000 shares apple stock for his clients. Dan it is an interesting
Telecom giant huawei says there has been a dramatic slowdown in sales growth in the midst of the trade war. In exclusive interview, he hints at even tougher days ahead. Capital one shares drop after a data breach. The company saying data on 100 million customers hacked. All of it stored on Amazon Web Services. A former amazon employee has been charged. But first to our top story, apple shares spiking after hours after reporting thirdquarter results. Revenue topped analyst estimates. Apple saying it remains optimistic about potential sales of new Iphone Models set to hit the market in the fall. For more on Apple Earnings as they are unfolding, we are joined by max chafkin from bloomberg businessweek, and we also have the sin of this trust Portfolio Manager with as. Walk me through this. Iphone sales missed estimates, Services Missed estimates, the forecast beat. What about all of these other indicators . It is an interesting report. If you would have told me they would have missed on bo
[applause] so thank, not you, but the first lady, because i know she did most of the work the last couple days, hosting is that the capital, a wonderful office building. Today, we kick off the one a celebration of the space station. The one instruction to me about americas Space Program is i cant take this my 12yearold son, so im not allowed to touch it, but to get us started i will , recognize my friend and nga vice chair Governor Hogan of maryland. Gov. Hogan good morning, everybody. As you know we are celebrating , the 50th anniversary of apollo 11. And the moon landing represents one of humanitys greatest achievements. It is often told through the eyes of three astronauts. But what we could not see, the years of painstaking work. They made this a story 24,000mile journey to the stars possible. It truly was a feat of American Ingenuity and spirit. At the heart of this effort were the men and women of americas Space Program. And this anniversary is a great opportunity to say thank yo