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Bloomberg Technology

Apple's Legal Woes and Samsung's Ring

Bloomberg Technology

Bloomberg

Tech News, Business News, Business, News

4.549 Ratings

🗓️ 18 January 2024

⏱️ 43 minutes

🧾️ Download transcript

Summary

Bloomberg's Ed Ludlow brings full coverage of Apple's analyst upgrade, antitrust suit, smartwatch patent dispute and more. Plus, Samsung unveils a new slate of products to compete with the iPhone maker, including an upcoming health-tracking gadget: the Samsung Ring.

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Transcript

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0:00.0

Join global business leaders and investors at the Bloomberg Sustainable Business Summit, returning to Singapore on July 31st.

0:09.0

Take part in solutions driven discussions on how to drive business value and unlock opportunity

0:14.8

while remaining nimble in times of change and greater ESG accountability.

0:19.5

Learn more at Bloomberg Live.com slash sustainablebiz Singapore. That's Bloomberg Live.com slash Sustainable Biz Singapore.

0:23.7

That's Bloomberg Live.com slash sustainable Biz Singapore.

0:28.0

From the heart of where innovation, money and power collie in Silicon Valley and beyond,

0:37.0

this is Bloomberg Technology with Caroline Hyde and Ed Ludlow. in Edla Lo Lo. I'm Ed Ludlow in San Francisco. Caroline hides off this week. This is

0:59.2

Bloomberg Technology coming up on the program full coverage of Apple as the stock pops on an

1:05.1

analyst upgrade despite news of a looming antitrust suit from the Justice

1:10.0

Department details ahead. Plus the smartphone giant facing a legal setback in

1:14.8

its smartwatch patent dispute with Massimo. More on the story and an interview

1:19.8

with the upcoming health tracking gadget the Samsung Ring. All that and so much more ahead.

1:36.2

Look Apple is going to dominate the program today and in the equity space it's

1:40.8

interesting Apple is the biggest mover to the upside on the NASDAQ 100 and the S&P 500.

1:46.1

The main catalyst is that upgrade from Bank of America, from neutral to buy.

1:51.3

And the thesis that they outlined is actually there's a lot of upside coming

1:54.8

with the Vision Pro. You will have seen loads of images on social media of the

1:58.4

Vision Pro in recent days. They also have confidence in an upgrade cycle on the iPhone side as well going through

2:05.6

2024.

2:07.3

Then there are the more negative headlines and this is what we're going to discuss with our team today.

2:11.4

Bloomberg reporting according to sources that a suit from the

2:15.9

Justice Department in the antitrust context could come as soon as March. Fold into

...

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