First, to our lead. We had a slew of big tech earnings this week, and getting the attention was apple. I traveled to their new headquarters in california on thursday to sit down with tim cook after earnings were released. We went through some of the main takeaways. It sounds solid to me. When you look at a device like this, it is incredibly sophisticated. It is at a higher price point. The you consider replacement cycles for consumers are slowing, i think it is a very strong number. While people like to talk about the high price point might deter consumers from upgrading, you have to keep in mind it is a total cost of service. The hardware isnt the biggest chunk of the service. Emily we also talked about the performance of the iphone x in china. There has been concern that the price was too high. I asked cook about that, he told me, in china, the top five selling smartphones, everyone is the iphone. This same situation in the u. S. , japan, the top six out of seven smartphones or iphon
Industry as amazon, Berkshire Hathaway, and j. P. Morgan join forces. First to our lead. , andd earnings this week getting the attention was apple. To their new headquarters in california on thursday to sit down with tim cook it after earnings were released. It sounds solid to me. A device like this is incredibly sophisticated. It is at a higher price point. I think it is very it is a very strong number. Point might price deter consumers from upgrading, you have to keep in mind it is a total cost of service. The hardware isnt the biggest chunk of the service. Emily we also talked about the performance of the iphone x in china. There has been concerned that the price was too high. I asked cook about that, he told me, in china, the top five selling smartphones, everyone is the iphone. Every one is the iphone. Not bad, he said, i feel great about that. What do you make of these numbers, given all of this fuss . I think the numbers show it was too expensive. There are different ways to loo
And gop president ial nominee mitt romney is fueling speculation he may step back into state politics. In a tweet today he said he will make an announcement on february 15 about the senate seat skin to be vacated by orrin hatch. Two students were shot and one wounded critically in a Los Angeles Middle School classroom. Police took a female student into custody. It happened just west of downtown los angeles. Global news 24 hours a day powered by more than 2700 journalists and analysts in 120 countries. This is bloomberg and Bloomberg Technology is next. Emily welcome to Bloomberg Technology. Apples brandnew headquarters with what else but Apple Earnings. I just got out of a meeting with tim cook i will bring you highlights. Lets dig into the numbers. Apple selling slightly below estimates. The average selling price was 796. The company hitting an all time revenue record. 88. 3 billion. I want to bring in cory johnson in new york. I want to start with a quote from tim cook, there has bee
To highlight each though i do want to call attention to a couple of resolutions expressing the Guiding Principles on broadband infrastructure that should underpin our efforts first. Any funds for broadband in an infrastructure package should go to underserved areas. Second, as noted, the federal government should not be picking winners and losers in the marketplace. It should be competitively and technologically if we adhere to these principles im confident we can avoid the pitfalls. Most Important Congress should be mindful of the significant amounts of private capital to support broadband deployment. Since the passage of the bipartisan 96 act, the private sector has invested roughly 1. 6 trillion in the networks. To classify the competitive broadband market place under title number two of the Communications Act and an outdated relic of the 1930s monopoly era. To conduct the illconceived policy and return to the accusatory approach. In the best communication they have the highest Econ
And all of the thoughtful proposals and great work from the staff of those of repub progress. The bills to be extended are targeted and promoting innovation, cutting the red tape and advancing Public Safety. To highlight each though i do want to call attention to a couple of resolutions expressing the Guiding Principles on broadband infrastructure that should underpin our efforts first. Any funds for broadband in an infrastructure package should go to underserved areas. Second, as noted, the federal government should not be picking winners and losers in the marketplace. It should be competitively and technologically if we adhere to these principles im confident we can avoid the pitfalls. Most Important Congress should be mindful of the significant amounts of private capital to support broadband deployment. Since the passage of the bipartisan 96 act, the private sector has invested roughly 1. 6 trillion in the networks. To classify the competitive broadband market place under title numb