Apple sharers fell as much as four point six %, but they've been steadily pairing their losses. Less demand for its highest priced phones or for those super expensive high mecios phones. Yet it's not as bad as you might think either. So the cell side in particular is sanguine, because most of them were modelling for 90 million units anyway. And so if they stick to that original 90 million gold, which was modelled by the street, then maybe those higher a s ps can boost the top line even if just a little.
Bloomberg News West Coast Correspondent Ed Ludlow reports on Apple backing off plans to increase production of its new iPhones this year after an anticipated surge in demand failed to materialize. Bloomberg News Finance Reporter Hannah Levitt discusses how a US investigation into unauthorized texting on Wall Street is forcing many of the world’s biggest banks to create a new compliance role: the WhatsApp cop. Bloomberg News Health Care Reporter Angelica Peebles shares the details of her Businessweek Magazine story Big Pharma Chases $55 Billion Prize of Safer Blood Thinners. And we Drive to the Close with Doug Ciocca, CEO at Kavar Capital. Hosts: Carol Massar and Scarlet Fu. Producer: Paul Brennan.
See omnystudio.com/listener for privacy information.