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Bloomberg Tech

Apple and Amazon Coming in Hot

Bloomberg Tech

Bloomberg

Tech News, News, Business News

4.470 Ratings

🗓️ 28 July 2022

⏱️ 43 minutes

🧾️ Download transcript

Summary

Bloomberg's Emily Chang breaks down the quarterly earnings from Apple and Amazon, both beating analyst estimates - and gives more insight from her call with Apple CEO Tim Cook. Plus, a look at the CHIPS act passed by the House and now going to President Biden. 

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Transcript

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0:00.0

The Bloomberg Sustainable Business Summit returns to Singapore on July 31st for solutions-driven discussions on unlocking growth in times of increased ESG scrutiny and competition.

0:12.0

Join global business leaders and investors

0:15.0

to drive innovation and scale best practices

0:17.7

in sustainable business and finance.

0:19.9

Learn more at Bloomberg Live.com

0:22.0

slash Sustainable Viziz Singapore.

0:24.3

That's Bloomberg Live.com

0:26.0

slash Sustainable Biz Singapore.

0:28.4

From the heart of where innovation, money, and power collide,

0:35.0

in Silicon Valley and beyond,

0:38.0

this is Bloomberg Technology with Emily Chang. I'm Emily Chang in San Francisco and this is Bloomberg Technology coming up in the

0:58.6

next hour a record June quarter for Apple beating on revenue despite headwinds from a strengthening dollar China

1:04.8

lockdowns and an expected slowdown in consumer spending. The iPhone also topping estimates

1:10.4

but supply constraints hitting the Mac and the iPad.

1:14.1

I spoke to Apple CEO Tim Cook

1:16.2

and will tell you what he had to say.

1:19.1

Plus Amazon surging in late trading

1:21.4

after providing a strong outlook for the third quarter, a much

1:24.2

different forecast than other retailers. Net sales jumping in the second quarter in part

1:29.2

thanks to Prime Day shoppers, we'll dig in to the data. And the largest chipmaker for mobile devices

1:35.0

is warning of a slowdown in spending.

1:37.0

We will ask Qualcomm CEO Cristiano Amman

...

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