Technology. Were you able to bring that to the senate . Such as data privacy and things like that. Guest indeed. I have about those issues with me. You know, peter, we last visited when i was finishing work on the [inaudible] act which was the reauthorization of the fcc which is not been done since 1990 and then of course the mobile bill and the precision agriculture bill and some of those components that really are foundational items and in our internet ecosystem so getting those provisions finished was important and then bringing that knowledge and expertise to the senate where we are dealing with the privacy and Data Security of data issues not only commerce but Judiciary Committee. One thing i have found so interesting about being in the senate is how you take one issue and work across platform on it. Im also on Armed Services committee and the Veterans Committee and at veterans we are working to get everybodys records in the cloud. We are doing the same thing at Armed Services so
But the company says they have a plan b. And a cost of being cool, the former ibm executive testifies that workers were fired in an effort to compete with google and amazon. The latest on multiple age discrimination lawsuits facing big blue. The top story of the work the toppingple earnings analyst estimates seeing a surge in services contributing to 1 5 of total sales. They also reported that the iphone represented 48 of revenues, the first time the object has made up less than half of sales in years. In a way its progress towards their relying less on flagship products and more on s of business. 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 top and bottom line. But as you mentioned, wearables, 5. 5 3 billion, that was a
Chinese Telecom Giant huawei says there has been a dramatic slowdown in sales growth in the midst of the trade war. He hints at even tougher days ahead. Capital one shares drop after a data breach. They say data on 100 million customers hacked. All of it stored on Amazon Web Services. A former amazon employee has been charged. 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 from bloomberg businessweek, with me in the studio. Walk me through this. Iphone sales missed estimates, Services Missed estimates, the forecast beat. What about all of these other indicators . Is an interesting report. I would have said there would be no way they would be on top and bottom line. Wearables was a big plus. They also used about 21 billion of cash on the quarter to repurc
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