I phone sales continue to slide apple reports sales of its smartphone fell 12 percent in the recent quarter but says its Services Revenue is making up for it. Also on the show chinese tech giant huawei points to strong sales in the 1st half year despite being blacklisted by washington is that the full picture of its business. And a beer Bottle Bottleneck is leaving belgian brewers high and dry well give you the details. This is your Business Report from Stephen Beers in berlin thanks for watching we start the show with a mixed bag of Apple Earnings results the i phone maker saw its profits slide 13 percent to 10000000000. 00 in the last quarter but it appears that the companys attempts to grow its Services Business are Bearing FruitServices Revenue grew to a new record of close to 12000000000. 00 the figures feat analyst expectations. And for more on this lets check in now with our financial correspondent in new york jose luis de haro it was a nice as always to see you so whats the Market Reaction to these results everyones been waiting on them. When. A low is easy to be demonstrable and thats why i upload shirts and went up up to 4 percent off to release and its. Awful keeps suffering from a muted i phone sales actually between april and june of this year i phone sales have full nearly 12 percent when compared with last year there are several factors said to take into account here one of them is surprising even if the company has made efforts to introduce relatively cheaper models i phones are still consider expensive this means said that consumers normally will not change into new models as often as they used to also. Kills in a Smartphone Modem Business Attention its already having more into 2020 new models
and nor the one said that will come next fall worth a note into sales in china fell over 4 percent in the most recent quarter you know theres been criticism that apple is too dependent on i phone sales is there truth to that criticism. Business model is a still dependent on the i phone accounts for 48 percent of its a revenues and will continue to go to do so are there for a while but its a service isnt Wearable Business is trying to reduce dad op always preparing to launch a new Services IncludingSubscription Offerings for games and beyond demanded to directly compete with netflix or hulu its also set to debut its credit car in august and Services Revenue grew over 12 percent in the lives this quarter why wearables sales were up around 48 percent it will still take quite some time to catch up to the i phone revenues but those 2 could take combined already made up
for over 31 percent of our people total shares in last quarter. Jose luis de harlow there for us in new york thank you. And while were on Smartphones Smartphone giant huawei has posted surprisingly strong sales figures from the 1st half of the year showing double digit growth thats despite u. S. Threats to cut it off from american suppliers but executives admit that sanctions and the uncertainty of the u. S. China trade talks will only bring challenges in the months ahead. In the 1st half while way sold 118000000 smartphones of more than a quarter on the Previous Year analysts say the growth was mostly due to the strong Domestic Market always market share in china reached a record 38 percent cause for confidence for the companys management. Honestly huawei has been somewhat disturbed by the us Negative List of fog. But the
owner of the impact is definitely manageable thats ago when we heard him go. Well way is at the center of the year long u. S. China trade conflict donald trump placed the company on a blacklist in may which restricted access to u. S. Technology and to the american market. While way did not reveal what impact this band had on its bottom line. Byer says its now facing over 18000. 00 legal cases in the u. S. Over herbicide thats alleged to cause cancer that herbicide the top seller roundup was both an incentive and a risk taken on by german chemical the German Chemicals firm when it bought American Rival Monsanto which makes the weed killer now buyer says its unlikely to achieve this years profit goal. Has been the subject of protests around the world in recent years the heaviside life is eightys causing by a major headache for thousands of people in the u. S. Say the effect of the chemical for them has been even worse the wave of lawsuits has fallen on bias since its 63000000000. 00 Takeover Of Monsanto the maker of Weed Killer Round which contains klein to sate in the 1st handful of those cases to go to court juries found in favor of those who claim the chemical gave them cancer and awarded them huge Compensation Payouts despite riaa saying theres no Scientific Evidence linking lifes a top with the disease just last week a 2000000000 Dollar award to a californian couple was reduced by more than 95 percent by a judge she said the jury had overstepped the mark but with further compensation awards in the millions likely may have to brace itself financial figures published on tuesday show a 50 percent drop in profits for the 2nd quarter of this year fire is suffering as a result of Trade Conflicts and found floating in the u. S. Even before that life is a pants again. Is American Wine better than french wine not surprisingly president
donald trump thinks so and hopes that connoisseurs in his Country Switch to domestic vintages is long teased about taxing french wine and now frances Agricultural Minister has responded. No more come share the wine this friendship is over and as usual it ended with a tweet. France just put a digital tax on our Great AmericanTechnology Companies wrote President Trump threatening reciprocal actions and adding in typical trump fashion ive always said American Wine is better than french wine that might be a matter of taste for the french its all about business the Agricultural Minister let off steam on a national t. V. Show. Sure it is absurd to see you tax google apple facebook and amazon now we tax your wind is completely morani we tax the Technology Companies because they
reap enormous profits in our country millions of billions of euros and theres no reason for them not to pay taxes why in exports are a completely different thing when you feel it is unclear how much the us tax on wind will actually cost the French Economy if it ever came to that experts say its mostly makers of cheaper wines that might feel the pinch as their bottles wont find buyers in the us asked for the countrys best vintages they should be fine. The United States is the biggest Export Market for the french outside the e. U. But only in terms of nail you not volume that means the american strength french wine that is expensive and im sure an american who buys a bottle for 100. 00 or 150. 00 wont think twice before buying a bottle price at 180. 00 or 200. 00. For the others theres always a decent California Fun Delta Toast with. And from wine to be here belgium is known
as one of the worlds biggest and best Beer Producers and demand is growing but you can only beat brew as much beer as there are bottles and thats proving to be a bit of a problem the summer. Top dried up uncorked everything seems to be running smoothly at the family owned brewery to have a man in. But recently be a production here has been faltering most of Brewer Nester is experiencing a very specific Supply Problem if. There is a shortage of empties bottles in crates for the last 2 weeks the night shift hasnt been able to work because we dont have enough bottles. Could be a Bottle Bottleneck is rattling nerves at many of belgians breweries demand for belgian beer is rising from year to year especially in summer when people are even more thirsty to satisfy it the breweries need to have enough empty bottles to fill
and customers who lose no time in returning their empties and cant always be counted on to do that. Summer gets under way people tend to hang on to them then they buy more beer and soft drinks on the customers do tend to return their empties theres a deposit on them but sometimes it takes a while to try to even just. Breweries across europe know that summer time is always crunch time but belgian brews especially are often left high and dry. With all no hope we are europes biggest beer exploiting country even export more than the netherlands or germany that has an effect i suppose you will because when you export Glass Bottles it takes longer for the empties to come back or maybe they dont come back at all. We have. One solution would be to buy a new bottles of wine and Mineral Water Producers also need more bottles in some glass producers are unable to keep up with overall demand thats even got
a few brewery starting to think about alternatives and customers arent exactly thrilled at the thought. Of course i would even consider the thought of plastic bottles of beer in a kid as something you can accept in the summer and it does appear belongs in Glass Bottles as far as im concerned. And. Leaving only the fervent hope that customers will take heed of the need for how the man has launched a social media appeal be a love is to return their empties as soon as possible so they can keep quenching their thirst for the rest of the summer. And now for a unique Business Opportunity investors looking to get a whole into the rising Global Demand for beef can get a piece of the action thanks to a South African app called my farm book the app allows investors to buy shares in a cow starting at 576. 00 rand about 36. 00 and pays out between 5 and 14 percent
interest once the animal is sold for slaughter the project was begun 4 years ago and now includes over 2000 and was. And thats it for me and the Business Team thanks for watching. Its time to take one step further. And face the concert. Time to search the. Fun for the troops. Time to overcome dreams and connect. Its time for the. Coming up ahead things. To do dont miss our highlights. Program online w dot com highlights. Early a little tourist guards liberties capital i love berlin the full scope of the multi cultural metropolis you know work your attack series the amount of violence much like the terms of the new i love feature and once shared once again switzerland looks like the swiss like me but this is the divisions of the 50 story. And 50