List for years has slipped into fourth place the i phone maker had a market capitalization of one point one trillion dollars only last fall but shares nosedive last week when it lowered its sales outlook based on we could have manned in china. until a struggling giant takes a giant samsung delivered grim earnings figures on tuesday as of log a big drop in profits they were down by nearly one third in the last quarter it s the first profit drop in two years the south korean smartphone maker is now facing tough chinese on petition for the nand for its components has softened up the trade tensions between the u.s. and china samsung also warned that business this forger won t live up to its really projections. and samsung is one of the big exhibitors at the consumer electronics show currently going on in las vegas whether self driving self rolling
Two topics with our financial correspondent on wall street yes caught good to see you going to start with general electric we know restructuring is always difficult but this sounds all we really really bad does anyone still believe in the future of g.e. . it is incredible what happened to the former giant in the past couple of years a loss of nine point six billion dollars just in the. water and the new c.e.o. john flattery he admitted that it will take time to fix a general electric bill for course a bit more on the health care industry on the aviation business but it is going to take time and if we solve what for example happened to the power business of g.e. and profit drop of eighty eight percent meant the stock once again was by far the biggest loser in the dull jones industrial average should also the question is what did the board members do all year round so we can expect some changes there as well
Changes in american society. the beginning of the end came last may with under extreme criticism, the circus required all of it of sympathy reserved in florida and will continue to showcase a number of exotic animals, profit drop in the greatest show on earth decided it could not go on. they re moving for the units we thought a very sharp drop in attending much greater than we anticipated and that has led to this decision because it s no longer sustainable. statement said the decision was even more difficult because of the amazing things that have become part of her extended circus family over the years if we re extremely grateful to the millions of family that made ringling brothers part of their lives for generations. reactions coming quickly of social media. after 36 years to protest and show the world that you and what you believe. p. that heralds the end of this
i want to talk about apple, they reported late earnings yesterday. the first profit drop in about a decade. people want to know if new products are coming or whether this company is, dare i say, on the decline? on the decline. they sold 37.4 million ipads iphones, 19.4 million ipads. over $43 billion worth of revenue in the quarter. i don t know how much on the decline this company is yet, plus they re handing back about $100 billion in renewed program to get the investors happy again, on the back of what has been a declining share price. yes, things are tougher than it has been at apple for a long time, but they re still making money hand over fist. enormous cash flow and upping the returning to shareholders. it s not all doom and gloom over at apple. thanks, steve sedgwick live for us in london. also want to talk about what s going on in the skies. no relief in sight as the
soldiers in the syrian city of olelepo, according to syrian tv who described it as terrorist attacks. 350 people have been killed vaas syria in an escalating assault by government forces. country ha haest hit by europe s deadly cold snap, but across europe, hundreds are dead, people are snowed in and cars are stranded to the roadsides and even the danyu river is partially frozen, keeping many vessels stuck in port. those are the headlines. i m monita rajpal. world business today starts right now. good morning from cnn london. i m dina dos santos. and good morning from cnn hong kong. you re watching world business today. the top stories this happy friday, the 10th of february. must try harder. eu ministers say greece s bailout deal is not good enough. almost a year after a deadly earthquake, the new zealand city of christchurch now looks to asia to help finance its rebuilding. and in a densely populated city like hong kong, space can be a luxury, but as flats get