With the chairman in the midst of a sales lunch, whose as 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, and services now contribute to a fifth of total sales. They also reported the iphone represented 45 of revenue, the first time it has made up half of sales. 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 apple stock for his clients. Dan it was interesting, if you would have told me they would have missed on both services and revenue, i would have said there was no way they would beat on
Miss. While streak drills wework, facing questions about its finances. We get a read on investor appetite ahead of a potential ipo. First, shares of qualcomm falling in after hours trading after the chipmaker gave a downbeat fourthquarter sales forecast. At the highend, qualcomm is looking at 5. 1 billion sales. Analysts predicted that is in 5. 7 billion. Line with a warning issued back in april. Demand for smartphones, particularly in china, would be weak ahead of the introduction of 5g. Joining us is mike regan and sarah mcgregor. Explain whatf all, we are seeing driving this drop. How much does it have to do with china . Mike the revenue forecast for the current fiscal quarter was very light. The eps for the quarter also really light, and adjusted eps of as much as. 75, and the street was looking for 1. 10. It boils down to qualcomms basic business model. It has a controversial practice selling chips to manufacturers, they license chips to them, and they want royalties equal to a ce
There from johannesburg the largest city in south africa weve got some nice reports for you on the show today so lets get started. A company in nigeria has developed. I want to hold stations to reduce food waste. And inefficiency have been paying i want to help what weve done this successfully exhausted through the consequences of the Climate Crisis. Its stunningly beautiful unpredictable and cannot be tamed i am talking about the deserts over 80 percent of the jr and landlocked country in west africa lies in the Sahara Desert and huge june a creeping closer and closer to the capital niamey but an ngo called a young volunteers for the environment pushing back leading the fight children and teens the organization believes that a young people all the key to changing Environmental Policies and practices and once theyre on board they in turn convince other members of the a familys to join the cause. And Environmental Protection in action. Xenia is learning from master blacksmith even human
Their finances. First, shares of qualcomm falling in after hours trading after they gave a downbeat fourthquarter sales forecast. At the high end, they are looking at 5. 1 billion sales. Warningin line with a issued back in april. Joining us to discuss our guests from new york and l. A. The revenue forecast for the Current Quarter was late. The forecast for the quarter also very light. Up . 75. Ted eps street was looking for 1. 10. It boils down to qualcomms basic is this model. It has a controversial practice of not just selling chips to manufacturers but licensing and they want royalties equal to a certain percentage of the value of the device. This has caused a lot of litigation problems for qualcomm. Earlier with apple this year. There are a lot of questions about similar case brought by the ftc. A judge in the ninth circuit ruled against qualcomm. They are waiting for an appeal and there is not a lot of clarity in todays Earnings Reports. They may be getting into it on the call as
Is my colleagues they go on level all the way from south africa hello easy. Hey andy good to see you again and greetings to all of you all there from johannesburg the largest city in south africa weve got some nice reports for you on the show today so lets get started. A company in nigeria has developed solar powered polling stations to reduce food waste. Initiative in paying our wants to help coffee farmers successfully exhausted to the consequences of the Climate Crisis. Its stunningly beautiful unpredictable and cannot be tamed i am talking about the deserts over 80 percent of new jr and landlocked country in west africa lies in the Sahara Desert and huge june creeping closer and closer to the capital niamey but an ngo called a young volunteers for the environment all pushing back leading the fight children and teens the organization believes that the young people all the key to changing Environmental Policies and practices and once theyre on board they in turn convince other member