Apple's Market Value Dips, Nikolas Taps a GM Veteran as CEO
Bloomberg Tech
Bloomberg
4.4 • 70 Ratings
🗓️ 4 August 2023
⏱️ 43 minutes
🧾️ Download transcript
Summary
Bloomberg's Ed Ludlow discusses earnings from Apple as iPhone maker’s outlook for the fourth quarter sparked worries over tepid demand. Plus, Amazon CEO Andy Jassy generates strong revenue growth from the core e-commerce business while cutting the pace of spending. And, Nikola taps a former GM vice chairman to serve as its CEO, replacing the current CEO after less than a year.
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| 0:00.0 | Join Stacey Abrams, Leib Shriver, Gina McCarthy, and more of the planet's environmental |
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| 0:26.0 | at Bloomberg Live.com slash Green Festival. |
| 0:31.8 | From the heart of where innovation, money and power collide in Silicon Valley and beyond, |
| 0:37.0 | this is Bloomberg Technology with Caroline Hyde and Edla Lo. I'm Ed Ludlow in San Francisco. |
| 0:57.0 | Caroline hides off today. |
| 0:58.2 | This is Bloomberg Technology. |
| 1:00.0 | Our top story's full earnings coverage ahead as Apple loses its 3 trillion market |
| 1:05.2 | cap crown amid tepid demand for iPhone. Plus Amazon seeing strong revenue growth even |
| 1:11.1 | as the e-commerce giant rains in that spending under CEO |
| 1:14.5 | Andy Jassie and Nicola replacing its CEO after less than a year of running the |
| 1:19.8 | electric truck maker will bring you the details on why and a new familiar face taking the |
| 1:25.6 | wheel. It is our top story. Apple and Amazon reporting quarterly earnings. |
| 1:29.8 | You look at the investor response, Apple down 3%. |
| 1:32.9 | That means its market cap is now below 3 trillion US dollars. |
| 1:36.9 | It has lost that 3 trillion market cap crown. |
| 1:39.4 | The story here is about executives talking iPhone acceleration into the fiscal |
| 1:44.6 | fourth quarter ending in September services continuing to be strong but |
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