apple built it there. and so the sort of missing topography in the study of apple is a part of, um, operations called manufacturing design, or md. and these are people that would fly from california to literally hundreds of factories across china to handhold, teach, audit, supervise and install millions of dollars' worth of machinery into other people's factories, and later billions of dollars of machinery, to teach them how to use it, to teach them all these skills. and what happens there is china becomes world-leading in manufacturing as a result of these staggeringly large investments. i mean, we're talking $55 billion a year in investments in chinese factories by 2015. and as i'm listening to you, patrick, i'm thinking how - in very different ways - apple is known as being a relatively secretive company, and of course china is known as being a secretive country. so was it difficult to get people to talk? yeah, there's nothing relative about it. i mean, apple is more secretive than the us military, acco

apple built it there. and so the sort of missing topography in the study of apple is a part of, um, operations called manufacturing design, or md. and these are people that would fly from california to literally hundreds of factories across china to handhold, teach, audit, supervise and install millions of dollars' worth of machinery into other people's factories, and later billions of dollars of machinery, to teach them how to use it, to teach them all these skills. and what happens there is china becomes world-leading in manufacturing as a result of these staggeringly large investments. i mean, we're talking $55 billion a year in investments in chinese factories by 2015. and as i'm listening to you, patrick, i'm thinking how - in very different ways - apple is known as being a relatively secretive company, and of course china is known as being a secretive country. so was it difficult to get people to talk? yeah, there's nothing relative about it. i mean, apple is more secretive than the us military, acco

apple built it there. and so the sort of missing topography in the study of apple is a part of, um, operations called manufacturing design, or md. and these are people that would fly from california to literally hundreds of factories across china to handhold, teach, audit, supervise and install millions of dollars' worth of machinery into other people's factories, and later billions of dollars of machinery, to teach them how to use it, to teach them all these skills. and what happens there is china becomes world-leading in manufacturing as a result of these staggeringly large investments. i mean, we're talking $55 billion a year in investments in chinese factories by 2015. and as i'm listening to you, patrick, i'm thinking how - in very different ways - apple is known as being a relatively secretive company, and of course china is known as being a secretive country. so was it difficult to get people to talk? yeah, there's nothing relative about it. i mean, apple is more secretive than the us military, acco

about 20 varieties of apples are grown in the orchards of domawand. ido, saluma, hello. get angry, don't tell him, everything is fine, morteza will be there he helped me a lot, don't worry about it, thank you, let me know if you need anything, you have my number, no, enter it, my phone is in the house, come in, no, thank you. okay, i'll bring the phone, maybe next time when morteza is there at home, thank you, i'll be right there, i'll get them up. said! i can't see, it's not her, no, wait, no, it's not her, i can see. she's not here. how are you? i brought milk. thank you very much. yes, of course, guys, wait a little, i'll be right back. yes, it's a souvenir from mishhad. oh, thank you. can you seat my son at the front desk? i can't see him, mr. sadi. that's not why. i ca n't. it's just a souvenir. no, i'm sorry, but i can't. it's not related to my request. okay, thank you. bye, goodbye, mahammad taha, take your things and move to the front, come on, mahdi, amir take your things and move to the last desk, i won't, it has to be that way, you have to

plus, is apple going to wow invewi

the aroma of apples is spreading in the gardens of damavand. the harvest has begun in damavand and it will last until next month. are you satisfied with the current harvest? it is excellent. praise be to allah, everything is fine. although there was little rain, it was a success. in the gardens of damavand, they grow about 20 apple varieties. i'm coming, hi mahbu! hi darius, i was buying groceries for home, i thought i'd bring some for you, thank you, it wasn't necessary, it's okay, morteza will be angry, don't tell him, he helped me a lot, don't worry about it, thank you, let me know if you need anything, do you have my number, no, enter it, my phone is in the house, come in, no, thank you, "i'll bring the phone, maybe next time morteza is home, thank you, i'll be right back, i'll pick them up. said! we have to go that way, there's nothing here... it's not her, no, wait, no, it's not her, i see. she's not here. i'm mohammad asadi's father. how are you? i brought milk. thank you very much. thank you very much. can i have a second? sure, guys, w

we're live at apple hq today, apple park in at apple hq today, apple park in cupertino, where are allmals, dad? dunno kiddo. just not our day. it's a rare thing when someone you've been with for so long finds a way to surprise you. it's like discovering e*trade's easy-to-use platform now comes with expert insights from morgan stanley... to help you navigate the markets. can you do a dolphin?! eee!!! ...sorry. (♪♪) that deliver lasting legacies, to innovate and adapt for what's just around the corner. because after 125 years of yesterday's, nuveen knows your ultimate stakeholder is tomorrow. nuveen invest like the future is watching. >> when you're the leader. disaster cleanup and restoration. how do you make like it never even happened? happen. fire it up, randy. yeah. whoa! >> but be prepared for anything. >> whatever comes your way. there's a pro for that, servpro. like it never even happened. >> life is always changing. and our lovesac couch adapts to it all. gathering around for game day. one moment, reconfiguring for entertaining the next. and tomorrow, a new look entirely becaus

sarkis, what does apple lose if russia will make its threats come true, block everything, and apple, for example, will leave, well, in china apple transmits. user data, with electronic sim cards, but in china, and stores servers inside the country, they don't even sell phones, of course, a huge market, incomparable with the russian one and it is clear why they would make concessions at all, and what is so attractive in russia for the apple corporation, which is now also being fined millions, well, in this part it must be said that apple is an absolutely hypocritical corporation and its policy is much worse than policy, applications in the bpn are deleted for... in satisfying the demands of roskomnadzor and refuses and a large amount of content that roskomnadzor demands to be removed, you can still find it there, but what apple says, yes, you showed it in the story, that if we do not comply, that apple will block everything in russia, well, this is honestly absolute nonsense, because the entire kremlin, all officials, the entire government are unlikely to sit on apple phones... they w

tv and apple music offerings.elated to apple intelligence, with the exception of more chatgpt integration. joining me now, clay griffin, research analyst at moffettnathanson. clay, good morning. thanks for joining us. >> good morning, frank. thanks for having me. >> all right. so clay, walk me through this. you're at a 141 price target for apple and a sell rating. the rest of the street's at 228. they have a buy rating. now we know some some price targets and things may change. but why are you so bearish. and after that what we saw yesterday i should say at wwdc are you more bearish or did things kind of turn out the way you expected? >> no, i think things turned out pretty much as expected. you know, my coauthor, craig, and i have framed this as sort of a litany of risks that apple is facing. when you think about just the tariffs, the response from china, apple's position in china, from a from a marketplace, the app store rulings in the epic case, and the digital markets act in europe. there's just a sort of para

top apple analyst laura martin is here to tell us if tim cook used his apple intelligence to pacify the critics and the shareholders when it comes to its 56789 -- a.i. ambitions. that's coming up on "the claman countdown." and, remember, she downgraded the stock last week. is she ready to upgrade it now? ♪ ♪ comcast business doesn't just power businesses. we help turn them into... ...logistics-mastering... ...supply-chain-transforming... ...seamlessly-restocking... ...frictionless-paying... ...poke-bowl-ordering... ...cyber-securing... ...mobile-access granting... ...data managing... ...welcome-to-the-worlding... modern businesses. powering the engine of modern business. comcast business taking a stand for investors. everyone says it. vanguard does it. announcing vanguard's largest expense ratio cut ever. which includes nearly half of our fixed income and equity funds. learn more at vanguard.com [air blower sound] ♪ okay, son. focus on what you can control. everything else is just noise. when you work with someone who knows a lot and cares even more... you're unstoppable. at truist, we

2 kg, fresh apples 15. per kilo, fresh apples (15,000 per kilo), fresh apples (15,000 per kilo), fresh apples (15,000 per kilo)) lift up, give me the good ones, here are the good ones, they are all good, 16 thousand, take it! your code is 1536 i also draw your attention to the time of arrival and departure, listen carefully, hey, you, don't get distracted, you come to school at 8:00 in the morning, that means we won't let you in after 8, you have to be at school before 8:00 in the morning, everyone has to come at 8, yes, everyone has to be at school by 8 o'clock, for all questions, about your grades and your studies, we communicate with your parents, that means only your parents can come and talk to us, everyone understands, yes, my dad is a worker, a worker, my dad replaces door handles, and mine sells dishes, sells dishes, my baker. baker, very good, my dad, my dad repairs cars, when they break down, then he's a mechanic, yes, yours, he sells milk, yours sells milk, milk is very healthy, my unemployed, unemployed, elevators, he repairs elevators, fruit seller, fruit seller, okay, who

, look, i wrote apple on the board, apple, what does apple start with, with the letter Я, Я, so, givespoon, add lemon juice to the kids. they're delicious, eat them, yes, delicious, come on, eat, eat, pour some juice, add juice, mom, i don't like chicken, eat, it's delicious. "look, dad is eating too, i don't like it, maybe we'll eat somewhere, if we shell out 10 million, get 30, rent a place to live and buy a car, everything will be fine, i think you'll change your mind, i'm so glad, you'll be responsible yourself, we'll see, everything will be fine, director mahmoud ghaffari, producer elahinabakht, screenwriters mahmoud ghaffari and manas yerchi, cameraman aliyah sani, sound engineer alriza alavian, composer ali mansour, executive. the film has been translated into russian and voiced specifically for the current time tv channel. in order to capture these important processes within our society, i started making a film about the new greatness case. there is something sacred in all of this. 12:12. three turns, a visual image of this thing, spinning for 18 minutes, a needle, first of al

and they don't come a lot bigger than apple.'s currently hosting its annual worldwide developers conference unveiling the latest gadgets and revealing what's on the horizon. but its apple's foray into artificial intelligence that is drawing the most interest. as lily jamali reports from apple hq in cupertino, california. in the spotlight here apple intelligence which stole the show at this very conference last year when it was unveiled. since then the consensus view is apple's foray into artificial intelligence has stalled. at least somewhat. take the long promised souped up version of siri, the voice assistant supposed to get the ai overlay that brings personal context to answers. that was supposed to be unveiled this spring and instead it's been delayed to 2026 at the earliest. apple is holding firm with more announcements about other ai upgrades, those include things like live translation, taking a page from google's playbook there. they talked on monday about access to ai tools even when users are off the grid. the big one f

apple. the company getting ready to kick off its worldwide developers conference in next week's event, impress investors and get the stock back in rally mode. we'll debate that. plus, deal or no deal. u.s. officials set to meet with their chinese counterparts in london on monday. can the two sides come to a deal on trade, and what could it mean for the markets? and tesla's rebound loses steam even as the dust settles and the musk trump feud. lulu's big lemon a day after earnings and energy stocks get energized to wrap up the week, is this the start of a longer term rally? i'm melissa lee coming to you live from studio b at the nasdaq on the desk tonight. tim seymour, bono and courtney garcia and steve grasso. and we start off with the countdown to apple's worldwide developers conference, kicking off monday at 10 a.m. pacific time. expectations seemingly lower going into this event. the company last year unveiled apple intelligence but hasn't fully delivered on what was promised. shares of ap

being fined without apple representatives. freedom is currently on air, the program is face to event, today i am hosting it, ivan voronin, hello, and today we will talk about compromise, when your company, a major player in it, and not only the market, compromises are inevitable, red lines are conditional, sometimes shifted, commercial benefit and business security will in any case come to the forefront, but if the business is primarily built on the security and privacy of users, then any, even indirect contact with... any special services will definitely be perceived very suspiciously, because that is exactly what happened with the consequences of the investigation project important stories about telegram and some of its subsidiaries, partner companies, its authors, the authors of this investigation do not directly claim that the federal security service has access to your correspondence in telegram, but as they say, the aftertaste remains, more details in our story: journalists of important stories conducted their own invest

the letter Я, the letter Я is an apple, Я, therefore, is an apple, well done, Я, therefore, is an appledren, remember, take one at a time, look, i wrote apple on the board, apple, what does apple begin with, with the letter Я, Я, therefore, give a spoon, add lemon juice to the children. they are delicious, eat. yes, they are delicious. come on, eat, eat. pour some juice on them. add juice? mom, i don't like chicken. eat, it's delicious. look, dad also eats, i don't like it, maybe we'll go somewhere, if we shell out 10 million, we'll make 30, rent a place , buy a car, everything will be fine, i think you'll change your mind, i'm so glad, you'll be responsible yourself, i'm all. we'll see, everything will be fine, director mahmoud ghaffari, producer elahe nabakht, screenwriters mahmoud ghaffari and manas yerchi, cameraman aliyah sani, sound engineer alriza alavian, composer ali mansour, executive producers. hussein fatalahi and ali fatalahi. into russian, the film was translated and voiced specifically for the tv channel present time. and we will fuck towards the zagatu crane. on the wave

apple day. so 50 boxes of 10 kilos each will be 500 kg. 10 thousand tomans for 5 kilos is 5 million. here you go, dad. give me your card? sure. fresh cheap apples, 15 thousand tomans per kilo, slow down, dad, fresh apples, 15 thousand per kilo, how much do you want, 2 kg, fresh apples 15. per kilo, fresh apples 15,000 per kilo, fresh apples - 15,000 per kilo, fresh apples - 15,000 per kilo. pick them up, give me the good ones, these are the good ones, they are all good, 16 thousand, here you go! your code is 1536 noqtes. i also draw your attention to the time of arrival leaving. listen carefully. hey, you, don't get distracted. you come to school at 8:00 a.m. that means we won't let you in after 8:00. you have to be at school by 8:00 a.m. everybody has to come at 8:00 . yes, everybody has to be at school by 8:00. for all questions. regarding your grades , we communicate with your parents, that means only your parents can come and talk to us, everyone understands, yes, my dad is a worker, a worke

when you're doing your workouts on on your apple watch, they use apple fitness instructors.y use their voices. it gives you little notes of encouragement, your stats and things like that. and look, guys, this is stuff that we've seen from apple's competitors before. nothing groundbreaking or new here like we saw with the apple intelligence debut last year, but it is kind of iteratively building on that. and then finally, we do have developer tools that they're finally letting developers tap into the apple intelligence system on device. so you can use some ai features even if you're not connected to the internet like you have to with rival like, like openai and so many others that rely on the cloud more than what's on your device. and you see how investors are reacting here. guys, shares down looks like 8/10 of a percent or so, guys. >> so as you said, steve, it sounds like a lot of the stuff is stuff that may have already been available on android, but with things like the screenshot feature. sounds cool, but i, i would imagine it's also a way to collect a lot of information

is apple on sale? cramer is digging in and seeing if now is the time to buy into the tech giant on weakness, or whether you should hold off taking a bite next. >> good morning. welcome to cnbc plus where two. >> countdown to the opening bell. don't go anywhere new. >> york for the open. >> on our way. >> cnbc plus on the go access to global market data, news and analysis as it happens. access any market anytime, anywhere with cnbc plus. start streaming wi(vo) zepbound means change.ng at cnbc.com plus. for adults with obesity to help lose weight and keep it off. zepbound can help adults lose up to 48 pounds. and some lost over 58 pounds. it's changing what i believe is possible when it comes to weight loss. don't take if allergic to it, or if you or someone in your family had medullary thyroid cancer or multiple endocrine neoplasia syndrome type 2. tell your doctor if you get a lump or swelling in your neck. stop zepbound and call your doctor if you have severe stomach pain or a serious allergic reactio

so an apple of yesteryear. today's news is like it's just like it's obvious it's apple's consumer to own, and you're going to pay us to be part of this. and we're going to dominate and we're going to kick you out. today's news combined with the dismissal really means not that it's a done deal, but it means antitrust is a much bigger issue for apple. and status quo of apple controlling the consumer might be in question. so your thoughts on that. >> that actually i would say that google is the loser here. right. remember we just talked about the parallel between using google and safari as the default. and now we're going to have maybe open ai in siri as a default. and we mentioned that google wasn't even in the running. the reason they're not in the running is because of these antitrust concerns. the antitrust concerns were about the partnership between apple and google, and because google has dragged its feet and hasn't resolved this, apple can't go to google for siri because that would extend that noncompetitiv

remember, it was this event, melissa, a year ago where apple showed off apple intelligence. and then as the rollout went out through the rest of the year and beyond, did it really impress people? and then, of course, we got the big news with the siri delay this spring, which really put pressure on apple. and especially today, there's just a lack of confidence in what they can show that would actually come to fruition. so they played it very safe. and like those features you rattled off there, nothing groundbreaking and nothing that we haven't heard from so many other competitors in the ai space. i will note, though, the big one that you mentioned about developers and apple giving developers access to their ai models on the phone, that's going to be a big sell for apple here. this event actually goes on all week and they have to convince those developers, hey, we have the best ai model that you can use that can play with your apps you're already developing on the iphone. and here's what you can do with it that you can't do with openai or so many other different llms out there

sleeve might be apple looking forward to that this week later on day back to you.remember when they said going to shift production to india he said no, i want in it america things started to go wrong for the stock, of course, we are following your are reporting all day on "fox business" susan li, thank you so much mike your reaction she mentioned hit to apple stock a problem. michael: going to open 205 bucks was almost 260 the end of the year last year, but it is important to realize how significant artificial intelligence is, to apple, and how big this conference is this week, because, the bare case for apple the app store services division revenue artificial intelligence applications will bring to pape storep is not having ridiculous ai functionality the applications coming in, the tax pay to apple in app store forward supports stock could not be more important. cheryl: thank you so much all right. going to take a quick break. you are watching "mornings with maria" live on "fox business." . you want high performance tools, long-lasting tools, affordable tools. yo

we heard about apple.e new devices going to drive this future of ai and apple intelligence. and most of the ai we're experiencing on apple right now is other people's ai, which means it can move to other devices. it can move to an android. we saw what openai is doing with jony ive and io. they're thinking in the future new devices. and we say that meta missed the metaverse, but, you know, you could say apple missed it, too, with its, you know, vision pro. it hasn't hit. i actually think meta and their ray-ban glasses are closer to that kind of future form. so will we wear it? will we wear it on our eyes, on our chest? will it be a handset or device? and overall apple right now they did a bit of a of a you know a. >> and daniel i'll add to that, it might be even worse because apple's main design guy, jony ive, who is credited with doing making the iphone, making the ipod, making all these great things, he's now working effectively for the competition, not, i mean, with with open ai and that deal that they m

for instance, with apple itself. >> we don't own apple right now. and it's not a statement about whether apple is a great business or not. it's just not at the price point that has attracted us to commit capital at this point. you know, where we've seen opportunity, ironically, is around the world, and there are many markets that have been out of favor, out of the spotlight, and where corporate governance is improving. and it's interesting when you look at our portfolio this year, some of the stronger performing areas may be surprising to you. areas like south korea, areas like hong kong, some of the foreign real estate holdings that we have. and so i think what's happening in this, this moment is that markets are starting to become more multidimensional in terms of where performance is happening. it's not just happening in the mag seven people are looking to have some variegation, if you will, and where they're sourcing return potential. >> yeah, south korea and hong kong again a hat tip for having exposure to some of those markets as now we see a

so competitors are coming for apple because apple gets 15-30% red share on every single app on its platform. we're worried about those to two things. liz: i see the valuation issue. jason katz was just saying the mag 7 valuations are so rich in many cases, so why not go elsewhere. but i have to ask you, you just outlined some pretty serious issues. why do you have it at a hold and not a sell? >> well, this is -- a, because certainty actually has rising value in an uncertain environment, and here we have the largest free cash flow generator in the world, actually. over $100 billion a year of cash, and they buy in shares with it. they're going to spend $12 billion on cap-x. every one of their big tech competitors is going to spend $800 billion or 100 because they're -- 80 billion or 100 because they're investing. here's a company that's ignoring generative a.i. so in the near term, that kind of certainty has value. liz: and you saw the headline, alibaba and apple had this deal, alibaba obviously well ahead in a.i., they were going to partner with apple. now you've got this issue with the gove

last year, it was apple intelligence. thing, if they were to do that? ed: unfortunately, i think that is why the stock here is in focus. there is a risk you may not get it. there will be changes to the operating system, not just how it is labeled k they will go from version numbers to your numbers, so os -- but live translation, it is something people are excited about. on the other hand, it is something meta, google have been doing for a long time. that is all we focus on the fundamental of the stock. scarlet: ed ludlow joining us from apple park in cupertino, california. that does it for "bloomberg markets" for this hour. "balance of powe" is next. this is bloomberg. ♪ >> this is "balance of power," live from washington, d.c. >> the world's two biggest economies try to hammer out a deal. welcome to the monday edition. teams from the u.s. and china meet in london as we speak. for the latest round, i'm joe mathi oh u alongside kailey leinz. it won't likely spell the end every end of tariffs, but the s&p 500 is floating ab

he's on apple. mr. has it was like we're talking about the quote unquote a tiny little tariff as he insisted that the administration isn't looking to cause the company any trouble. everybody is trying to make it seem like it's a catastrophe if there's a tiny little terrified them right down to try to negotiate the terrace. and so in the end, we'll see what happens. we'll see what the game is, but we don't want to harm apple. but what is donald trump doing with is threats. if not, pushing happened to the war. many would argue that the things he's demanding, like moving a lion's share of i phone factories to america, are impossible to bring about in the foreseeable future. and switching from trade wars against countries to tariff, peer rising due, west business is now is just way too much. not for donald trump. it turns out i have long ago informed tim cook of apple that i expect the iphones that will be sold in the united states of america will be manufactured and built in the united states, not india, o

apple. apple says. right. we're going to get away from the trump ire.er about the relationship between china and the united states, between the huge export imbalance. we're going to we're going to go to india and make our phones. and that will sort the problem out as well because india fantastic market. all right. we're going to have to do a lot of work to get the fabrication going to train the workers. but it will solve all the problems. and then the us says, no. trump says no, no, no it's not. so the way that this goes that both the country to country level and a company level, and how they use india and work within india, i think it's unbelievably fascinating. i don't think you're going to disagree. >> no, not at all. and i think the big advantage that india brings is a massive domestic market. we are now the fifth, hopefully in the next 2 to 3 years, becoming the third largest economy in the world. and we are growing at about 7 to 8% every year. with the massive population of now the largest in the world of 1.4 billion people. so it's a massive dome

by the way, apple is. yeah, right. >> people are like doubling down on what they're doing at a at a really fast. >> can't keep. >> up with it fast pace. you've described apple coming into this event as facing threats on multiple fronts, arguably more so than they have at any point in time under tim cook's leadership. right. that's a fair way to look at. >> that 100%. so alex and i were talking about this just now during the commercial break. if you look back, the biggest challenge that i can remember tim cook facing to the business was samsung. remember the threat to samsung in the early 20 tens, these big, beautiful screen phones and apple, all these tiny phones that no one that you know, they were slobbering over these big samsung phones, right. and then all of a sudden, apple, we're just going to make a big phone off to the races. samsung's a second thought. we don't even think about it. and it's been just pure growth from there. and now we see the growth in iphone stalling. we don't see we see competit

involving apple's siri. back in january, apple agreed to pay $96 million. this stems from a lawsuit claiming siri recorded conversations without users knowing. people who own siri enabled devices between september 2014 and december 20th 24th may. be eligible for a payout of $20 per device. the last day to file a claim is next wednesday. apple isn't acknowledging any wrongdoing in the settlement. now, speaking of the iphone, it was 18 years ago today that apple changed our lives forever with the release of the very first iphone. it went on sale june 29th, 2007. starting a cultural revolution with huge lines surrounding apple stores across the bay area and across the country. some people even camped out for days to be the first to get their hands on it, each willing to pay the $499 for the four gigabyte versn or the $599 for the eight gigabyte. now, the latest apple phone is the 16 e. it's equipped with 26 hours of battery life and a chip to power apple intelligence. its ai service. the finale of nbc's cooking competition series yes, chef is tomorrow night. t

the common belief is that apple was simply looking for cheap labor. tim cook says that's not been the case for many years and it's supposedly a lack of relevant human resources in the west. that's behind the china centric pulse. popular conception is that companies come to china because of the low labor cost. i'm not sure what part of china they go to, but the truth is the china stopped being the low labor costs country many years ago in the us. you could have a meeting of tooling engineers, and i'm not sure we could filled the room in china. you could fill multiple football fields or fits that so crucial vocational expertise is very deep, very, very deep here. apple did manage to get away with that dependence on badging during donald trump's 1st german office. when the mag and man was back, jim cook had a feeling, the crowd was becoming a bit shaky and decided to turn india into an iphone making hop for the us market. apples goal reported lee is to have most of its iphones intended for the states produced at indian factories by the end of next year.

you are at apple's worldwide developers conference in cupertino today are we going to see apples a.i. plan for the future. >> welcome to her hometown working to see pieces of apple intelligence work its way through. a lot of these are experiences that happened in the background ambient experiences, you will see a brand-new user experience including solarium which looks like the vision os we will see images and how developers will build the software and how the access and make the suggestions and think to improve personalization but what you will not see is a wholehearted conversation around a.i. from what we can tell. little nuggets about what we will see with a.i. in the future that's over going to get. >> you get to see the things that make a difference in the suggestion in the ability to translate inside attacks universal translator capability that's what we hear the ability to talk to you entrance indifferent leg which and texting and writing an e-mail and see the translation happened in real time that's a a.i. in the stuff that is very practical and very tactile that's probably g

a rough five months for shares of apple.if its ceo can cook up some magic at today's worldwide developers conference. shares of apple right now, they're up just about a half a percent in the premarket, but year to date down more than 18%. we'll be back right after this. >> at corriente, wealth management begins and ends with you. we believe the more personal the solution, the more powerful the result. we treat your goals as our own. we never lose focus on the life you want to build, and our experienced advisors design custom built strategies to help you get there. it's time for a wealth management experience as sophisticated as you are. it's time for corriente. >> at kpmg, we make the difference. it's not just something we say, it's what we do. like uncovering unique insights that use ai to battle sepsis, developing gold industry solutions to enable, first of its kind, farming automation, or creating better outcomes by using data to enhance critical community support services. brighter insights, bolder solutions, better the

sorry i'm talking about apple.i expect to hear some downgrades tomorrow because of today's supposedly ho hum worldwide developers conference. not that anyone thought it was going to be anything more than ho hum, except for some people. as i listen to what they were saying, i didn't get the sense that there was anything truly mouthwatering or earthshaking from apple. nothing that made me want to upgrade my phone, but what the critics seem to be missing constantly is that the only question i heard was upgrade or not. did you hear switch? i didn't hear switch. as long as i didn't hear switch, i'm going to hold the stock. you may have to take a beating short term when people downgrade, but we're now at the moment when i hear far more negative comments from analysts and hedge fund managers than positive, that means that the downside is most likely more limited than you think. it still can go down. i'm talking about limited. let's consider a couple of bullet points. first, apple is in a dry spell. it doesn't have anythin

of apple intelligence or rollout of apple intelligence in china?, sarah, that it's being held up the apple intelligence launch, which we were expecting to happen by now, was supposed to launch. we know they partnered with alibaba. the chairman of alibaba said as much. and then the financial times reporting that because of the trade war, the regulators over there in china are purposely holding up the approval. remember, if you want to launch an ai system in china, the government there, the regulators there have to approve it first. that's why apple's partnering with china's alibaba in order to do it. but if with this trade war going on, that's just forget the tariffs for a second. that's another thing that gives huawei a huge advantage, because it's allowed to use its ai. and they they're going to continue to eat into the market share until apple has something over there that really appeals to consumers. >> all right. that's a risk. thank you steve kovach at apple hq. for more, let's bring in brian white analyst at monness, crespi. hardt, what are y

i'm gonna go apple with the install base. apple's install base. utility margins on apple. exactly. margins on apple. the services revenue. you have over 2.3 billion users got to be able to continue monetizing that. everyone's bet against apple. and i think apple is going to pull a rabbit out of a hat, whether it's perplexity or whether it's something else. i think that they will catch up in the stock. >> dan, you're in san francisco and i feel like you have said negative things about all three of these stocks at some point in recent history. so where do you stand here? >> yeah, i think for apple, that installed base is actually a problem because i think that they will not have a phone in 2025. that is going to be attractive to those folks who want some sort of integrated ai experience. apple intelligence was a total bust. siri has not kept pace. so as far as i'm concerned, this is a company that spends low single digits of their revenue on capex and r&d. i think that's correct for both of them. and it's way below all those names in the hyperscaler space that have actually been maki

if she took four apples snake, like a snake without hands, carried away apples, but you once carried from work in your underwear, what was assigned in chemistry, what is a protein, what did you write, it is a male squirrel , you were never the brightest, remember when the doctor said that i... would have twins, you ran and screamed, one from me, the second from whom, oh, vitya, we did the world around us, read the assignment, in the yard of farmer vasily there is a tractor, a cow and a horse, draw vasily's farm, vitya, quickly erased everything, vitya. we finished our homework, glory to god, that's it, that's it, leave me alone from me, let your mother have a rest, now you are my wife. what happened, i wanted to pull out pavlik's baby tooth, i got it mixed up, i pulled it out from grandpa, you already sorted everything out yourself, the tooth fairy brought grandpa half a liter, grandpa asks you to pull out his other teeth, vitya, don't give in to provocation, grandpa is being cunning, he has a main jaw, the matinee is tomorrow, what don't you know about her, i can't show you, here on

now, as you said, last year saw the unveiling of apple intelligence a.i. somewhat slow to deliver on some of those lofty goals. we were expecting to maybe get more details on these plans going forward. one of the developments is likely to include live translation for its apple air pods. now elsewhere, we could see some of the biggest visual changes to its ios software systems as well, including changes to menus and apps, as well as a change to the naming of its software updates with them now to be named after the year of release. lots expected as the conference runs through this week. now elsewhere, the aviation industry is struggling to hire the skilled workers it needs to meet president trump's demands to on-shore u.s. manufacturing. it's estimated there will be 25,000 workers short by 2028, with the average age of a skilled technician now 54 across the industry. now this has prompted moves by airline companies to boost hiring in this sector after a series of layoffs and early retirements during covid down turn. ugh, weeding is the worst. but now, there'

apple is not at the party.o see apple taking aggressive chefs to redo their operating system around ai. jonathan: did we get any of those aggressive steps yesterday? we catch up with michael ng of goldman sachs in just a moment. this is bloomberg. ♪ ♪♪ only servicenow connects every corner of your business, putting ai to work for people. pfft ... every corner? every corner, nick. ow! so kate in hr ... hey kate. can focus on people, not process. oh actually, i have a question ... keep up, nick. do you have to be sick to take a sick day? patty in it is using ai agents to deal with the small stuff, so she can work on the big stuff. agents like secret agents? secret agents i control. with your mind? you know ... i played a secret agent once. - we know. - oh gosh ... i liked it. over here, ai gives tina the info she needs to get the job done. nick, what did we say about touching? no touching. good. ai helps jim solve customer problems before they're problems. for reals? for reals. for reals. servicenow is the only p

the most significant tech event of the last 24 hours was the apple conference for dc developers, and despite the fact that no new devices were expected, almost a million people watched the main report live on youtube alone. the live broadcast, however, was conditional in the manner of apple in recent years, it was not a live performance, but a set of presentations recorded against the backdrop of the company's deserted campus. as expected, in the twenty -fifth year of the 21st century, they actually began with a mention of apple intellinger. that is, artificial intelligence, it is important here that for the cupertino company this is a rather painful topic. a year ago , at the same conference, apple promised a lot of amazing neural network miracles, and then found out that a significant part of them are not ready, even the voice assistant the new generation of siri has been postponed indefinitely. which in general can be a big problem for apple, since not only have almost all developers of voice assistants , first of all google, or what is more relevant for russia yandex, already tra

apple tv. and your phone is the microphone. group chats you can like, you know, edit it to. >> that's made for me. i love the karaoke. >> okay. that's what we were talking about. good. so we're all on board. i wonder if that if we can connect through different apple tvs, all get a karaoke sesh going. let's do it once it comes. >> this is a goal. >> well, reggie will be down for sure. all right, ginger, thank you so muc if so, you could be on the road to geographic atrophy, or ga. ga can be unpredictable and progress rapidly, causing irreversible vision loss. but with izervay, you can... ♪ ask your doctor about izervay. ♪ izervay is the #1 prescribed fda-approved treatment for new ga patients. izervay is an eye injection. don't take it if you have an infection or active swelling in or around your eye. izervay can cause eye infection, retinal detachment, or increased risk of wet amd. izervay may temporarily increase eye pressure. do not drive or use machinery until vision has recovered after an eye injection or exam. izervay is p

he's on apple. mr . has it was like we're talking about the quote unquote a tiny little tariff as he insisted that the administration isn't looking to cause the company any trouble. everybody is trying to make it seem like it's a catastrophe if there's a tiny little terrified them right down to try to negotiate the terrace. and so in the and we'll see what happens, we'll see what the game is, but we don't want to harm apple. but what is donald trump doing with his threats? if not, pushing happened to the war? many would argue that the things he's demanding, like moving a lion's share of i phone factories to america, are impossible to bring about in the procedure will future. and switching from trade wars against countries to tariff terrorizing the west business is now is just way too much. not for donald trump. it turns out i have long ago informed tim cook of apple that i expect that iphones that will be sold in the united states of america will be manufactured and built in the united states, not india,

now, apple also has a long list of suppliers, and all of them are doing better than apple stock.f that is some ai plays outside of apple on the list. micron, which is up 52% this year. jabil is up 47%. flex is up 25% this year, 316% this year. corning. they make the glass for the iphone that is up 8% year to date. they also make those fiber optic cables for all those data centers we talk about so much. and two qs they also play a big role. corvo up 14% this year while qualcomm they make modems for apple. it's up just 1% in 2025. the stock is 26% from last year's high. cuervo, by the way, 35% from its high. investors also watching broadcom. they make wi-fi and bluetooth chips for apple. it's up almost 60% in three months. however a lot of that is due to artificial intelligence not necessarily apple. frank. >> all right, steve kovac with this month's economics. steve, thank you very much. let's talk more about the sector now with richard clowe, portfolio manager of the global tech leader global tech leaders fund at janus henderson. good morning richard. good to see you. >> good mor

would it would it be bullish for apple? would it be neutral for apple? negative for apple.ave any idea. >> i'm thinking sort of bullish i mean so much has been made of apple not having you know they're just so far behind in ai. it's interesting why we hear this story about perplexity from meta and then later from apple. i mean i think the last round of perplexity was done at. >> 14 billion. i'm looking. >> at 14 billion. 14 billion, to your. >> point, on a multiple. >> how big of a deal for apple? that'd be way better. what would they pay? >> what would they pay if the if the and we're going to just we call this wild speculation i think on national tv. yeah. so perplexity is valued at 14 as of december the last funding round. it's more than that now. what would the multiple have to be to buy? how much would apple pay for a 14 billion valuation company? 25. see, this is why we get into whether. >> it's bullish or bearish for apple because apple. >> right to the price. >> but but but apple could could pay royalties right. so that that was the normal thing. the conversation wa

okay, i. >> want to get back to apple. >> i thought that apple had a lot of good things. i don't think that people realize that apple has such an aversion to buying companies and a great a great proclivity to say, look, you want our you want our billion, 1.3 billion. we'll take you as our assault sponsor. now, the sole source. now, the problem is, is that google one of the things that google is in big trouble for apple. yeah. yeah. >> well we got to pick some mike. >> he's stayed in some story that i read. but look listen to me. remember it's not that painful to listen to me okay? i'll be listening to you with iger. all i want you can ask a question there. google wrote a check for 20 billion to apple in 2022 every year. and yes. and this is what the government hates that they did that. so i would pivot if i were apple instead of saying to perplexity, you know what, i think that you should pay us. i think they should say we pay you now. that's not what you ever want to hear, right? right. >> you're going to keep defending apple? >> you bet i am. >> why? >> okay. because if