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moderating a speech by former u.k. prime minister tony blair right here at bloomberg headquarters in london. it live in the studio shortly for an interview. arm posted slower sales growth. it is another weakening sign for smartphones. point isice unsubsidized. in some places, below $50. that means more and more people will access smartphones. that will drive these services and products. we think smartphones have a lot of growth ahead of it. smartphones have a high degree of arm content. apple releases earnings today. facebook also offers up results. joining us for details are caroline hyde and jonathan ferro. once you talk to arm, they are concerned about royalties. they design the chips. the market is a little worried about royalties. they are selling licenses and that means more royalties in the future. shares are off a bit because of iss worried, but arm understated, to say the least. their cambridge headquarters, they do not feel glitzy. they are not building a spaces
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