WEBVTT - Apple's $3500 Headset; Christie Runs for President

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<v Speaker 1>From the Bloomberg Interactive Burgers Studios. This is Bloomberg day

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<v Speaker 1>Break for Tuesday, June sixth.

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<v Speaker 2>Coming up today, Apple's thirty five hundred dollars Vision Pro

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<v Speaker 2>headset gets mixed reviews.

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<v Speaker 1>Chris Christy throws his head into the Republican feel for President.

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<v Speaker 2>Jamie Diamond meets with a group of moderate House Democrats, and.

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<v Speaker 1>Hollywood actors are the latest to authorize a strike against

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<v Speaker 1>film and TV studios.

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<v Speaker 3>Russian occupied Damn has been destroyed in Ukraine, threatening major flooding,

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<v Speaker 3>plus asylum seekers in New York are being placed in

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<v Speaker 3>houses of worship. I'm Michael barr More Ahead.

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<v Speaker 4>Uptown Stasharon Sports, Yankees host.

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<v Speaker 3>The White Sox that I met some in Atlanta.

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<v Speaker 4>Vegas trowns Florida for two nothing lead in the Stanley

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<v Speaker 4>Cup Final.

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<v Speaker 5>That's all straight ahead on Bloomberg day Break, The Business

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<v Speaker 5>news you need to sturn your day in just one

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<v Speaker 5>fifteen minute podcast each morning on Apples, Spotify, the Bloomberg

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<v Speaker 5>Business app, and everywhere you get your podcasts.

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<v Speaker 6>Good morning, I'm Nathan.

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<v Speaker 1>Hager and I'm Karen Moscow. Here are the stories we're

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<v Speaker 1>following today.

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<v Speaker 2>We begin this morning with reaction to Apple's long awaited

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<v Speaker 2>mixed reality headset. After the stock rally more than two

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<v Speaker 2>percent before the product unveil, it closed down eight tenths

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<v Speaker 2>of one percent. It's going to cost you a pretty

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<v Speaker 2>penny to get this new headset, nearly thirty five hundred dollars.

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<v Speaker 2>Bloomberg's Ed Ludlow covered the event from Apple headquarters in Coopertino, California.

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<v Speaker 7>Apple said this would usher in a new era of

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<v Speaker 7>spatial computing, something akin to what the iPhone did for

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<v Speaker 7>mobile computing. We got some demonstration of how existing catalogs

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<v Speaker 7>of iOS or iPad apps could run on this mixed

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<v Speaker 7>reality headset, as well as some more modern use cases.

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<v Speaker 7>The thing that strikes you when you get up close

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<v Speaker 7>and personal with the Vision Pro is its external power source,

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<v Speaker 7>an external battery pack which leads off of a small cable.

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<v Speaker 7>It is a small form factor device, something akin to

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<v Speaker 7>ski goggles, with a k running outs of it, made

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<v Speaker 7>of carbon fiber aluminum, a proprietary alloy that Apple develops,

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<v Speaker 7>and other fabrics and textiles for comfort.

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<v Speaker 2>Bloomberg's Ed Ludlow says the new Vision Pro will go

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<v Speaker 2>on sale in the US early next year.

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<v Speaker 1>Well The new Vision Pro head said was the culbination

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<v Speaker 1>of more than seven years of development. The product vaults

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<v Speaker 1>Apple into the first major new category since it began

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<v Speaker 1>selling smart watches in twenty fifteen. Apple CEO Tim Cook

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<v Speaker 1>calls it a game changer.

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<v Speaker 8>So in the same way that Mac introduced us to

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<v Speaker 8>personal computing and iPhone introduced us to mobile computing, Apple

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<v Speaker 8>Vision pro will introduce us to spatial computing. This marks

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<v Speaker 8>the beginning of a journey that will bring a new

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<v Speaker 8>dimension to powerful personal technology.

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<v Speaker 1>And sores to say, Tim Cook and Apple are also

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<v Speaker 1>working on a lower cost version of the headset.

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<v Speaker 2>Okay, let's turn from technology to politics now, Karen, because

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<v Speaker 2>the Republican field for president is getting even more crowd

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<v Speaker 2>and we get the details now from Bloomberg's John Tucker.

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<v Speaker 9>John Nathan. Former New Jersey gamna Chris Christy launches his

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<v Speaker 9>bid for the Republican nomination for president at a town

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<v Speaker 9>hall in New Hampshire tonight. Christy launched to Trump in

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<v Speaker 9>twenty sixteen and went on to become a close on

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<v Speaker 9>and off visor before breaking with a former president over

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<v Speaker 9>his refusal to accept the results of the twenty twenty election.

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<v Speaker 9>Earlier this year, Christy told ABC News the GOP must

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<v Speaker 9>embrace the candidate other than Donald Trump to defeat Democrats.

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<v Speaker 3>I've said over.

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<v Speaker 5>And over again that he can't win a general election.

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<v Speaker 3>And that's not speculation. That's based upon the polling that

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<v Speaker 3>I was privy to pre the twenty twenty election.

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<v Speaker 9>Christy is polling between one percent and zero so far.

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<v Speaker 9>Bloomberg opinion columnist Jonathan Bernstein contends that Christy could dedicate

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<v Speaker 9>his campaign to taking down Trump, siphoning votes from the

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<v Speaker 9>former president. You know, York, I'm John Tucker, Bloomberg Daybreak.

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<v Speaker 1>All right, John, Thanks well, staying in politics, We'll see

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<v Speaker 1>JP Morgan, Chase CEO Jamie Diamon meet privately today with

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<v Speaker 1>a group of moderate House Democrats. We're told they'll talk

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<v Speaker 1>banking and the economy, but there could be more than

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<v Speaker 1>that on the agenda. Scott Carr reports from our Bloomberg

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<v Speaker 1>ninety nine to one newsroom in Washington.

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<v Speaker 10>The closed door launch is with a new Democrat coalition,

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<v Speaker 10>which describes itself as nearly one hundred forward thinking Democrats

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<v Speaker 10>committed to pro economic growth, pro innovation, and fiscally responsible

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<v Speaker 10>policies and comes. As Diamond is being Urged by some

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<v Speaker 10>to enter the twenty twenty four presidential race, Diamonds told

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<v Speaker 10>Bloomberg Television that a political career had crossed his mind.

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<v Speaker 10>Pershing Square CEO Bill Ackman encouraged diamond to run late

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<v Speaker 10>last month, saying he's a centrist who could beat President

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<v Speaker 10>Biden in a primary or former President Trump in a

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<v Speaker 10>general election. Diamond says he has no plans to run

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<v Speaker 10>in Washington. Scott car Bloomberg Daybreak.

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<v Speaker 2>Okay, Scott, thank you. Now, let's schedule the latest on

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<v Speaker 2>US China relations. We've learned the State Department's top Asia

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<v Speaker 2>official met with China's vice foreign minister yesterday in Beijing.

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<v Speaker 2>Both sides are describing the top as candid and productive,

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<v Speaker 2>but the relationship appears to still be strained.

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<v Speaker 1>Meantime, Nathan Chinese authorities could be making changes to the

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<v Speaker 1>nation's banking industry in a bid to boost growth. We're

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<v Speaker 1>told they're asking the nation's biggest banks to lower deposit

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<v Speaker 1>rates for the second time in less than a year.

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<v Speaker 1>Bloomberg News has learned state owned lenders last week were

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<v Speaker 1>advised to cut rates and a range of products. Sources

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<v Speaker 1>say banks are assessing the request and may adjust rates

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<v Speaker 1>as early as this week.

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<v Speaker 2>Man back here in the US, careen of relations are

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<v Speaker 2>about to get more strained. In Hollywood. There's a word

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<v Speaker 2>of more labor issues between the studios and their workers.

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<v Speaker 2>In Bloomberg's Jeff Bellinger has the latest.

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<v Speaker 11>Members of the Screen Actors Guild American Federation of Television

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<v Speaker 11>and Radio Artists have authorized their union leaders to call

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<v Speaker 11>a strike if contract talks with film and TV studios breakdown.

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<v Speaker 11>The vote puts more pressure on the studios. Negotiations are

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<v Speaker 11>set to begin tomorrow to replace a contract that expires

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<v Speaker 11>at the end of the month. There is a lot

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<v Speaker 11>of labor tension in Hollywood. Thousands of writers have been

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<v Speaker 11>on strike since early May. Jeff Bellinger, Bloomberg Radio.

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<v Speaker 1>Ry Jeff thanks Well. Actors are looking for higher pay.

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<v Speaker 1>It looks like it pays to be a chief investment

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<v Speaker 1>officer at a US family office. According to a report

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<v Speaker 1>from KPMG, the private investment firms of ultra wealthy Americans

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<v Speaker 1>have the greatest number of money managers in that role,

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<v Speaker 1>earning at least a million dollars a year. Family offices

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<v Speaker 1>are traditionally loosely regulated entities that manage investments, tax affairs

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<v Speaker 1>and philanthropy for the world super Rich.

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<v Speaker 2>Time now to take a look at some of the

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<v Speaker 2>other stories making news in New York and around the

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<v Speaker 2>world with Bloomberg's Michael barn Good Morning, Michael.

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<v Speaker 3>Good morning, Nathan. Russian occupied dam in southern Ukraine has

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<v Speaker 3>been at least partially destroyed. It poses a risk of

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<v Speaker 3>serious flooding to the Ukrainian held city of Kurson downstream.

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<v Speaker 3>Both sides are blaming each other for the destruction. Meanwhile,

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<v Speaker 3>the world is watching when Ukraine will unleash a counter

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<v Speaker 3>offensive against Russia. White House National Security Council Coordinator John

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<v Speaker 3>Kirby would not speak for their military, but said he

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<v Speaker 3>was confident they are.

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<v Speaker 10>Prepared whenever they decided to step off on whatever they

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<v Speaker 10>decided to do.

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<v Speaker 5>The President's confident that we did everything.

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<v Speaker 10>We could over the last six eight months or more

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<v Speaker 10>to make sure that they had all the equipment, training,

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<v Speaker 10>the capabilities to be successful.

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<v Speaker 3>National Security Council's John Kirby. New York City houses of

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<v Speaker 3>worship will be taking in migrants to ease the city's crunch.

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<v Speaker 3>Mayor Eric Adams announced a partnership with the nonprofit New

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<v Speaker 3>York Disaster Interfaith services. The mayor says it will provide

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<v Speaker 3>daily shelter, meals, and other services.

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<v Speaker 12>Up to fifty houses of wadship would be able to

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<v Speaker 12>take part in this program to start with offer shelter

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<v Speaker 12>to a combine nearly one thousand asylum seekers.

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<v Speaker 3>Mayor Adams says twenty two hundred asylum seekers arrived at

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<v Speaker 3>city shelters last week alone. California's Attorney General says he

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<v Speaker 3>is investigating after another planeload of migrants were flown to

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<v Speaker 3>Sacramento and dropped outside of a church at the direction

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<v Speaker 3>of Florida's government. AG Bob Banta says they are looking

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<v Speaker 3>at possible charges.

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<v Speaker 2>Kidnapping is something that we're looking at, and the element

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<v Speaker 2>of dress is important in that instance. We are also

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<v Speaker 2>looking at other potential legal violations criminal as.

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<v Speaker 3>The flight is said to have come from Texas. One

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<v Speaker 3>of America's most infamous and dangerous spies has died in prison.

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<v Speaker 3>More from Bloomberg's Dan Schwartzman.

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<v Speaker 13>FBI agent turned Russian mole Robert Hanson has died in

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<v Speaker 13>a maximum security prison in Colorado at the age of

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<v Speaker 13>seventy nine. Beginning in nineteen eighty five, Hanson worked with

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<v Speaker 13>the Russians providing highly classified information in exchange for one

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<v Speaker 13>point four million dollars. Some of the information given by

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<v Speaker 13>Hanson in more than six thousand pages, led to assets

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<v Speaker 13>in Russia being hunted down. The Department of Justice has

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<v Speaker 13>said in the past that Hanson's espionage was one of

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<v Speaker 13>the worst intelligence disasters in the country's history. Hanson was

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<v Speaker 13>ultimately sentenced to life in prison without pearl in May

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<v Speaker 13>of two and two two after pleading guilty to fifteen

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<v Speaker 13>counts of espionage in New York. I'm Dan Schwarzman.

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<v Speaker 3>Bloomberg Radio, Global News twenty four hours a day, powered

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<v Speaker 3>by more than twenty seven hundred journalist and analysts and

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<v Speaker 3>over one hundred and twenty countries. Michael Barran, This is Bloomberg, Nathan.

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<v Speaker 2>Thank you, Michael. Time down for the Bloomberg Sports up date.

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<v Speaker 2>Good morning, John stansh howurry morning, Nathan.

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<v Speaker 4>The Vegas goal the Knight's born in two thy seventeen

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<v Speaker 4>Nathan Stanley Cup Final in their first season. Now back

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<v Speaker 4>five years later in Vegas, two wins from hoisting the

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<v Speaker 4>Cup after meeting Florida five to two in the series

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<v Speaker 4>opened to US seven to two out of the Panthers

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<v Speaker 4>who while seed TOD eight had been dominant in the East.

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<v Speaker 4>They came into this series having won eleven of their

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<v Speaker 4>last twelve games, led by the player their goalie, Serge Bebrowski,

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<v Speaker 4>but he got benched last night.

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<v Speaker 13>Game three is Thursday in South Florida.

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<v Speaker 4>Sixty year old Greg Cronin, who's been coaching hockey for

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<v Speaker 4>thirty six years, just got his first NHL head coaching

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<v Speaker 4>job with Anaheim. It's been a month since the Rangers

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<v Speaker 4>started looking for a new coach. Still no higher, no

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<v Speaker 4>word yet on our and judges Big Toe Yankees holding

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<v Speaker 4>their breath that it's not broken. Yanks home tonight till

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<v Speaker 4>the White Socks Mets are in Atlanta. Coco Goff's into

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<v Speaker 4>the quarterfinals of the French Opening Tomorrow's to play the

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<v Speaker 4>top seed in the Petty champ AGAs Schwaattach, who beat

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<v Speaker 4>Golf in last year's final in Paris.

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<v Speaker 14>I mean, honestly since last year have been panting to

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<v Speaker 14>play her on especially at this tournament. I knew, I

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<v Speaker 14>figured that I was going to happen because I figured

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<v Speaker 14>I was going to do well and she was going

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<v Speaker 14>to do well. Didn't know what side of the troll

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<v Speaker 14>we were going to be on obviously, but I'm the

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<v Speaker 14>type of mentality if you want to be the best,

0:10:31.120 --> 0:10:32.000
<v Speaker 14>you have to beat the best.

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<v Speaker 4>Novak Djokovic and the men's top seed Carlos al Karez

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<v Speaker 4>both have their quarterfinal matches today. The NFL has made

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<v Speaker 4>it known they are coming down hard on players caught gambling.

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<v Speaker 4>Calvin Ridley just sat out an entire season. Five other

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<v Speaker 4>players just recently suspended. An outward that Isaiah Rodgers, a

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<v Speaker 4>cornerback for Indianapolis, has admitted that he's being investigated, and

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<v Speaker 4>he reportedly placed hundreds of bets, including some on his

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<v Speaker 4>own team. Rogers started half of the Colts games last season.

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<v Speaker 4>John stashedward Blueberg's.

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<v Speaker 5>From coast to coast, from New York to San Francisco,

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<v Speaker 5>Boston to Washington, DC, nationwide on SYRIASXAM, the Bloomberg Business Appen,

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<v Speaker 5>Bloomberg dot Com. This is Bloomberg Daybreak.

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<v Speaker 2>Good morning on Nathan Hager. It has been a few

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<v Speaker 2>years coming, but Apple is betting that the future of

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<v Speaker 2>computing is going to be in your face, sir, Actually

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<v Speaker 2>more like on it. The Iphonemaker has unveiled its long

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<v Speaker 2>awaited mixed reality headset, the Vision Pro at an eye

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<v Speaker 2>popping starting price of thirty four hundred and ninety nine dollars.

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<v Speaker 2>Dan Ives is with US now Managing Director, Senior Equity

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<v Speaker 2>Analyst at Webbush Securities. Dan, it's always great to speak

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<v Speaker 2>with you. I saw your note after the unveil at

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<v Speaker 2>the WWDC in Cooper Tino. You're calling this a flex

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<v Speaker 2>the muscles moment for Tim Cook and company. Tell me

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<v Speaker 2>more about what you mean.

0:11:54.240 --> 0:11:57.040
<v Speaker 15>Yeah, I mean, Nita. If you looked in the last decade,

0:11:57.120 --> 0:12:00.640
<v Speaker 15>this is probably most revolutionary product you've come out, and

0:12:00.720 --> 0:12:04.120
<v Speaker 15>I think for Apple this is really the evolution in

0:12:04.240 --> 0:12:06.360
<v Speaker 15>terms of where it's going, not just on ar VR,

0:12:06.520 --> 0:12:09.559
<v Speaker 15>but this is essentially the start of what's going to

0:12:09.640 --> 0:12:13.000
<v Speaker 15>be a developer community focus more and more on AI

0:12:13.240 --> 0:12:16.040
<v Speaker 15>mixed reality, and I view it as a flex the

0:12:16.120 --> 0:12:18.640
<v Speaker 15>muscles moment as Apple is just showing their strength.

0:12:19.000 --> 0:12:22.800
<v Speaker 2>Although we have seen other entrance into this space. We've

0:12:22.840 --> 0:12:27.839
<v Speaker 2>got Meta's Oculus Quest headset comes to mind as well,

0:12:27.920 --> 0:12:31.880
<v Speaker 2>and it's at a much much lower price point than

0:12:31.880 --> 0:12:35.160
<v Speaker 2>this Vision Pro. What is Apple in your view, going

0:12:35.240 --> 0:12:38.600
<v Speaker 2>to do differently that competitors haven't done already?

0:12:39.400 --> 0:12:42.120
<v Speaker 15>Sure, Look, it's a great question. I'd say, it's really

0:12:42.120 --> 0:12:46.640
<v Speaker 15>there's two billion, two billion iOS devices. That's the difference

0:12:46.679 --> 0:12:49.600
<v Speaker 15>with the golden installed as a cooper, Tina, that's what

0:12:49.760 --> 0:12:52.600
<v Speaker 15>Cook and Apple bring. You look at Meta, I mean

0:12:52.640 --> 0:12:55.640
<v Speaker 15>they've essentially struck out in terms of their you know,

0:12:55.760 --> 0:12:59.600
<v Speaker 15>mixed reality and ar vision. I think everyone's been waiting

0:12:59.640 --> 0:13:02.760
<v Speaker 15>for Apple because that's why they've had that golden touch

0:13:03.120 --> 0:13:06.520
<v Speaker 15>if you look at the last decade, especially because of

0:13:06.559 --> 0:13:09.800
<v Speaker 15>their ability to further penetrate in this right now is

0:13:09.840 --> 0:13:13.320
<v Speaker 15>all about the developer community first, then the thousands and

0:13:13.400 --> 0:13:16.800
<v Speaker 15>thousands of apps and use cases. Now I believe ultimately

0:13:16.840 --> 0:13:19.120
<v Speaker 15>this is something two years out will have you know,

0:13:19.240 --> 0:13:20.720
<v Speaker 15>north of a million units sold.

0:13:21.240 --> 0:13:24.280
<v Speaker 2>And take your point about the focus on the developer community,

0:13:24.360 --> 0:13:29.000
<v Speaker 2>but is that golden consumer base that does really love

0:13:29.120 --> 0:13:32.360
<v Speaker 2>the iPhone? Are they willing to pay more than twice

0:13:32.360 --> 0:13:35.600
<v Speaker 2>as much for this headset as they do for their iPhones?

0:13:35.640 --> 0:13:35.920
<v Speaker 5>Now?

0:13:36.880 --> 0:13:40.120
<v Speaker 15>Sure, And I think initially you're going to have limited

0:13:40.160 --> 0:13:42.400
<v Speaker 15>sales and we think one hundred and fifty thousand units

0:13:42.440 --> 0:13:46.640
<v Speaker 15>coming out the consumers. It's really year two, year three,

0:13:46.720 --> 0:13:48.840
<v Speaker 15>because I think in the next two or three years

0:13:49.200 --> 0:13:51.360
<v Speaker 15>this price gets cut in half. I mean, we we'll

0:13:51.360 --> 0:13:54.719
<v Speaker 15>probably be looking something like fifteen hundred for this, and

0:13:54.720 --> 0:13:57.560
<v Speaker 15>that's what Apple does. It's carried in the stick approach.

0:13:57.720 --> 0:14:00.760
<v Speaker 15>That's the DNA of Cooper Tino, which is why the

0:14:00.840 --> 0:14:04.360
<v Speaker 15>company you know, yet again on a three trillion dollar markoup.

0:14:04.760 --> 0:14:06.439
<v Speaker 2>Tell me a little bit more about how you think

0:14:06.480 --> 0:14:10.240
<v Speaker 2>Apple's going to focus on the developer space. Obviously, you've

0:14:10.240 --> 0:14:13.360
<v Speaker 2>been covering tech for quite some time here, you know

0:14:13.480 --> 0:14:16.880
<v Speaker 2>the ins and outs of how the development community can

0:14:16.920 --> 0:14:19.360
<v Speaker 2>sink its teeth into a product like this. What's the

0:14:19.440 --> 0:14:22.040
<v Speaker 2>use case that you see for developers getting in at

0:14:22.080 --> 0:14:22.960
<v Speaker 2>the early stages.

0:14:23.160 --> 0:14:26.320
<v Speaker 15>Well, yeah, USKS. First is going to be gaming, and

0:14:26.360 --> 0:14:29.760
<v Speaker 15>then you're going to see more fitness, health. You're going

0:14:29.800 --> 0:14:33.440
<v Speaker 15>to do a lot more around ultimately theater sports. You

0:14:33.520 --> 0:14:36.800
<v Speaker 15>saw the Disney relationship that they talked about, and I

0:14:36.840 --> 0:14:38.440
<v Speaker 15>think it's the start of what's going to be a

0:14:38.440 --> 0:14:42.080
<v Speaker 15>broader ais strategy for Apple because right now there's a

0:14:42.160 --> 0:14:48.120
<v Speaker 15>Game of Thrones battle going on for developers between Google, Microsoft, Apple,

0:14:48.720 --> 0:14:51.040
<v Speaker 15>but no one else has what Apple has, and that's

0:14:51.080 --> 0:14:54.800
<v Speaker 15>why Cook decided to roll this out after seven years

0:14:54.840 --> 0:14:56.280
<v Speaker 15>in the labs of Cooper Tina.

0:14:57.480 --> 0:14:59.160
<v Speaker 2>I heard you mentioned that you think they're going to

0:14:59.240 --> 0:15:01.480
<v Speaker 2>sell one hundred fifty thousand units in the first year.

0:15:01.480 --> 0:15:03.520
<v Speaker 2>I think I saw Apple saying that it could sell

0:15:03.640 --> 0:15:07.640
<v Speaker 2>nine hundred thousand in the early stages. Talk to me

0:15:07.680 --> 0:15:10.000
<v Speaker 2>a little bit about the outlook. Is Apple being a

0:15:10.000 --> 0:15:11.240
<v Speaker 2>little bit too rosy here?

0:15:12.560 --> 0:15:16.400
<v Speaker 15>Yeah, Look, I think ultimately year two we're probably looking

0:15:16.560 --> 0:15:19.320
<v Speaker 15>north of a million units. I think year one is

0:15:19.400 --> 0:15:22.120
<v Speaker 15>something where you know, this is typically non Apple that's

0:15:22.200 --> 0:15:24.680
<v Speaker 15>going to be optimistic in this. So the fact that

0:15:24.720 --> 0:15:27.320
<v Speaker 15>they're you know, I think coming out of the gates

0:15:27.400 --> 0:15:30.440
<v Speaker 15>firing and all cylinders is positive because ultimately it shows

0:15:30.440 --> 0:15:32.760
<v Speaker 15>what they believe is going to be the overall demand.

0:15:33.240 --> 0:15:36.840
<v Speaker 15>I think the technology blewn away in terms of you know,

0:15:36.880 --> 0:15:39.640
<v Speaker 15>what they've ultimately come out here with, And I think

0:15:39.640 --> 0:15:42.440
<v Speaker 15>it just shows that when it comes to technology innovation,

0:15:43.400 --> 0:15:46.800
<v Speaker 15>the highest standard there is is is what we see

0:15:46.840 --> 0:15:47.960
<v Speaker 15>coming out of Couper Tina.

0:15:48.480 --> 0:15:52.400
<v Speaker 2>About thirty seconds left here, Dan, do you see headsets

0:15:52.920 --> 0:15:56.520
<v Speaker 2>supplanting PCs down the line? Is this going to be

0:15:56.560 --> 0:15:58.080
<v Speaker 2>the game change technology?

0:15:58.960 --> 0:16:01.120
<v Speaker 15>Why do you believe we're going to look back five

0:16:01.280 --> 0:16:04.600
<v Speaker 15>seven years ahead at this is a reflection point, But

0:16:04.680 --> 0:16:07.080
<v Speaker 15>I believe where it ultimately goes, these are going to

0:16:07.080 --> 0:16:09.520
<v Speaker 15>be like Sunglasses two three years and now is not

0:16:09.520 --> 0:16:11.720
<v Speaker 15>going to be a headset. That's that's going to be

0:16:11.880 --> 0:16:16.160
<v Speaker 15>ultimately version three, version four, and that will start to

0:16:16.240 --> 0:16:19.560
<v Speaker 15>ultimately take away from PC's That's where this is all going,

0:16:19.920 --> 0:16:23.080
<v Speaker 15>and we believe events to the Apple Car twenty twenty six.

0:16:24.240 --> 0:16:28.000
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