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Speaker 1: From the heart of where innovation, money and power collive

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Speaker 1: in Silicon Valley and beyond. This is Bloomberg Technology with

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Speaker 1: Emily jay I'm Emily Jang at Apple headquarters in Cupertino, California.

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Speaker 1: This is Bloomberg Technology. We are coming to you live

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Speaker 1: from the Worldwide Developers Conference, the much anticipated gathering of

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Speaker 1: developers which kicks off today. The tech giant announcing new software,

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Speaker 1: new chips, and even a couple of new math books.

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Speaker 1: We're going to talk to analyst and developers about the

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Speaker 1: key updates throughout the hour. Plus. Elon Musk threatens to

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Speaker 1: end his deal to buy Twitter while he says the

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Speaker 1: social network is quote awarding his information rights. Can Twitter

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Speaker 1: actually seal the deal? We will discuss and Apple beats

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Speaker 1: Twitter to an edit button. Back to Apple's Worldwide Developers Conference,

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Speaker 1: where the company announced a slew of software updates, as

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Speaker 1: well as that new M two chip which will power

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Speaker 1: a new MacBook Air and MacBook Pro. Or Mark German,

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Speaker 1: who of course covers Apple for US, has been across

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Speaker 1: at all and of course, Mark, much of this you

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Speaker 1: already reported, but I think there were a few new things.

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Speaker 1: Let's start with this M to chip just how transformational

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Speaker 1: will this chip actually be? So the M two chip

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Speaker 1: is not a major leap. It is not very transformational Apple,

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Speaker 1: since it's about eighteen percent faster than the M one. Now,

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Speaker 1: this is the base model of the M two chip, right,

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Speaker 1: so you'll see over time, you'll see an M two Ultra,

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Speaker 1: You'll see an M two Pro and M two Max,

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Speaker 1: maybe an M to Extreme at the very high end

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Speaker 1: for a Mac Pro eventually. So this is just the

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Speaker 1: beginning of the M two roadmap. They have to start somewhere.

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Speaker 1: If you remember when they introduced the original M one November,

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Speaker 1: that appeared first in the Mac Mini, the MacBook Air,

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Speaker 1: in the thirteen inch MacBook Pro, which was also updated

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Speaker 1: today with the M to chip. Well, what is transformational

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Speaker 1: about today? Let's start with the software. Where do you

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Speaker 1: think the most significant updates there are In terms of

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Speaker 1: the software Two things really stood out. The lock screen

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Speaker 1: on Io six teen. People have been asking iPhone user

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Speaker 1: has been asking for years for this customized ability, the

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Speaker 1: ability to personalize your iPhone right the iPhone very much

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Speaker 1: from the very beginning. If you get these wallpapers, you

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Speaker 1: can set an image, your font is gonna look like this,

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Speaker 1: your home screen is gonna look like this, but they

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Speaker 1: really have moved away from that, letting people really customize

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Speaker 1: the day to day iPhone experience. So you're seeing that now.

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Speaker 1: You saw a little bit of that with widgets over

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Speaker 1: the last two years. Now you're seeing widgets on the

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Speaker 1: lock screen, your ability to change the font, make more

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Speaker 1: dynamic picture, different filters, and such. So that's very cool.

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Speaker 1: The second thing on the iPad, you're getting this new

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Speaker 1: feature called Stage Manager, which is a new multitasking interface

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Speaker 1: for pro users, and it very much looks like what

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Speaker 1: you would get when multitesting on a Mac. So window resizing,

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Speaker 1: the ability to move windows around, operate four or five

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Speaker 1: different applications at once. So that's a big deal there

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Speaker 1: as well, and I'm looking forward to trying both of

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Speaker 1: those new enhancements out. Well. I'm gonna tell you what

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Speaker 1: I thought was the most transformational visability to edit text messages,

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Speaker 1: even unsend text messages. I was pretty excited about this mark.

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Speaker 1: Before we talk about it, I want to take a

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Speaker 1: listen to Craig Federighi, the architect of Apple Software, what

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Speaker 1: he had to say about this development. Have you ever

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Speaker 1: sent a message only to immediately realize you didn't quite

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Speaker 1: say what you intended. Well, no worries, because now you

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Speaker 1: can edit any message you just sent, so embarrassing typos

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Speaker 1: can be a thing of the past. Second, have you

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Speaker 1: ever wished you'd never sent that message at all? Well,

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Speaker 1: good news. Now you have undo send so you can

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Speaker 1: immediately recall a recent misfire. That one got a lot

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Speaker 1: of laughs Mark here at appold Park. But seriously, you

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Speaker 1: made the point that Apple got to an edit button

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Speaker 1: before Twitter. Did you know with the edit button? I

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Speaker 1: think Twitter has been overthinking it for years. It's not

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Speaker 1: a complex thing. Maybe in the engineering side it's complex,

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Speaker 1: but I think Twitter's issues were more fundamental, and I

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Speaker 1: think Apple basically just ignore, ignored the noise around it,

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Speaker 1: and just did something simple. Right, you send a message,

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Speaker 1: you call gabe babe, or you call the wrong person

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Speaker 1: Lamb chops to use their examples. Right, You're able to

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Speaker 1: just tweak that and you get a little bubble there

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Speaker 1: that says it was edited and you move on. No biggie. Right.

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Speaker 1: But these features have been long requested. Actually, I think

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Speaker 1: there's one feature that people have been clamoring for more

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Speaker 1: than an on sender and edit button, and that's the

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Speaker 1: ability to mark a message as on red. You know

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Speaker 1: how you can in your email if you want to

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Speaker 1: deal with the message later if you're ready read, you

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Speaker 1: just tag it as unread. Well, now you can finally

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Speaker 1: do that in your messages list. So I'm looking forward

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Speaker 1: to that. It's gonna help me reply to people more quickly. Absolutely,

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Speaker 1: I'm excited about that one too. Okay, Bloomberg's marker man Um.

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Speaker 1: We'll have to Bloomberg dot com to check out more

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Speaker 1: of MARS reporting. Thank you. I want to talk more

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Speaker 1: about these big announcements. There were so much more. Caroline

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Speaker 1: and milanais now of creative strategies joining me here on

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Speaker 1: the set here at Apple Park. Um, let's talk a

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Speaker 1: little bit about the Apple Pay Later feature, because this

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Speaker 1: could be pretty disruptive in the world of fintech and

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Speaker 1: this movement from the physical wallet to an Apple wallet.

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Speaker 1: What did you make of the significance of this announcement.

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Speaker 1: I think the core of it is that is going

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Speaker 1: to be so much easier for people that use Apple

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Speaker 1: Pay to just use that as a default versus using

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Speaker 1: the plethora of other options that you have in the market.

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Speaker 1: It's about integration, is about taking away every little bit

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Speaker 1: of friction that you have in the experience. And to

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Speaker 1: be honest with you, something that I was expecting Apple

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Speaker 1: to do sooner or later is you know, we've seen

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Speaker 1: it with Apple Card than Apple Pay, uh, developing more

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Speaker 1: and more in becoming useful for small businesses and more

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Speaker 1: way to use it for consumers. And it's something that

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Speaker 1: you know, Mark German had actually reported was coming, and

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Speaker 1: today of course wasn't big unveiled. But isn't it kind

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Speaker 1: of a big deal if anywhere they take Apple Pay

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Speaker 1: you can pay for it later. It is you don't

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Speaker 1: have to put all the money down right away. Absolutely,

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Speaker 1: and even if it's just a six weeks window, so

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Speaker 1: it's not really a Lumpiers is roughly what you do

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Speaker 1: with the credit card payment, and so for people that

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Speaker 1: maybe have more problems getting credit checked for credit card,

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Speaker 1: this could be a better way to do it. Now.

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Speaker 1: One thing we didn't see today it was really any

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Speaker 1: clues about augmented and virtual reality. And of course Bloomberg

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Speaker 1: Mark has reported this big a RVR headset is coming.

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Speaker 1: There was a thought we might get some clues as

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Speaker 1: to what Apple's vision here is really going to be.

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Speaker 1: And I was kind of stretching forward and some of

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Speaker 1: those videos, I was like, is that a sign um?

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Speaker 1: But we didn't really see that. I mean, what do

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Speaker 1: you make of the fact that they're just not ready

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Speaker 1: to show us. I think there are a couple of things.

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Speaker 1: One is that nobody's really rushing to get you know,

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Speaker 1: hands and experiences on are from a consumer perspective, so

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Speaker 1: the market isn't really screaming for one. And the other

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Speaker 1: one is that for Apple, there's a lot of opportunity

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Speaker 1: in the market today on the map and the iPod

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Speaker 1: as it is, and so I think that it's taking

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Speaker 1: advantage of what the really the longing fruit of now

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Speaker 1: are versus trying to maybe get out there too early.

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Speaker 1: So um, you know, Mark Arman just said that he

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Speaker 1: didn't he doesn't think the chip is necessarily going to

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Speaker 1: be that transformation on when it comes to the hardware.

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Speaker 1: What do you think? I think what the silicon does

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Speaker 1: showing that Apple is way more in control of their

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Speaker 1: own destiny than they were before. And so even the

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Speaker 1: fact that we've seen the math Book pro uh thirteen

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Speaker 1: inch coming out now so quickly with d M two,

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Speaker 1: after we've seen a release of d M one not

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Speaker 1: just a few months ago, shows that the ace of

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Speaker 1: the innovation broke. From a hardware perspective, and software can

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Speaker 1: be more rapid than it was before. And isn't it

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Speaker 1: kind of a shot across the bow and Intel and

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Speaker 1: and and d It's putting more pressure in the market,

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Speaker 1: and I think that's good at the end of the

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Speaker 1: day for consumers. So here's a good question. We are

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Speaker 1: going into very tough economic times. You just you know,

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Speaker 1: Elon Musk saying he has a super bad feeling about

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Speaker 1: the economy, you know, laying off ten percent of staff,

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Speaker 1: Jamie Diamonds saying we're in for an economic hurricane. Are

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Speaker 1: people going to be spending on new devices right now?

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Speaker 1: And we're expecting a slew of new Apple devices in

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Speaker 1: the fall when they can't afford gas and groceries. So,

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Speaker 1: from from an iPhone perspective, you've always seen across all

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Speaker 1: the recessions that we've had, the mobile piece always staying

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Speaker 1: strong because it's so critical to what consumers do throughout

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Speaker 1: their day. And I think that isn't more so today

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Speaker 1: than it was maybe in the recession of two thousand,

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Speaker 1: two thousand and eight. So the phone part, I think

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Speaker 1: is pretty considered extent for other devices, and maybe that's

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Speaker 1: where the reality has you know, the R said, would

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Speaker 1: it be more of a stretch because we still don't

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Speaker 1: know what we want to do with those kind of

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Speaker 1: devices or the return of investment in At the end

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Speaker 1: of the day, our life is more digital today than

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Speaker 1: he has ever been. And if there's something that we've

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Speaker 1: seen during COVID is the need for more computing power.

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Speaker 1: All right, Kylie Milani see creative strategy. Is good to

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Speaker 1: see you here in person, same here, Thank you so much,

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Speaker 1: Thank you for joining us. All right, Coming up, Elon

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Speaker 1: Musk threatening the deal could be off with Twitter. He

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Speaker 1: says a social networking service isn't serving up enough information

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Speaker 1: on spam and fake accounts. Will have the very latest next,

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Speaker 1: this is Bloomberg. Elon Musk has introduced another twist into

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Speaker 1: the Twitter takeover saga. Musk says he believes Twitter is

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Speaker 1: breaching its Murderer agreement by not needing his demands for

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Speaker 1: information about spam and fake accounts. Bloomberg Sarah Fryer joins

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Speaker 1: us now. Sarah. Of course, Twitter responded today saying they

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Speaker 1: are providing that information. What's the real story here? I mean,

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Speaker 1: I think the real stories. You take a step back,

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Speaker 1: and it looks like Elon Musk is having the worst

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Speaker 1: case of buyer's remorse on this Twitter deal. And that's

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Speaker 1: certainly something that you can have, right. Um, you know,

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Speaker 1: these M and A deals are are pretty iron clad

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Speaker 1: at how they work out, and and Elon Must can't

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Speaker 1: simply no walk away or renegotiated now that the deal

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Speaker 1: has been aked, And so I think he's he's trying

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Speaker 1: to figure out a path here. Um. You know, I

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Speaker 1: can't speak for him, right Nobody knows what exactly is

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Speaker 1: going on in Elon Must's head um, but he certainly

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Speaker 1: seems to be creating a paper trail of some sorts

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Speaker 1: about the the concern he has over the bot numbers

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Speaker 1: as the a way to try to maybe even bring

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Speaker 1: Twitter back to the negotiating table. Maybe he wants a

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Speaker 1: lower price, maybe he wants to get out of it entirely.

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Speaker 1: But you know, Twitter is holding firm and saying we

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Speaker 1: think that feels the best thing for our shareholders and

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Speaker 1: we're going to see it through. So where was the

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Speaker 1: actually cost? What would the cost of walking away from

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Speaker 1: the dealb for Elon Musk isn't it just a one

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Speaker 1: billion dollar breakup fee, and then he can sort of,

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Speaker 1: you know, make you know, bad feelings about the deal

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Speaker 1: go away with an emoji filled tweet. I don't think

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Speaker 1: it's as simple as that, No, I mean, I think

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Speaker 1: that he needs in order to do the breakup, see,

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Speaker 1: it has to prove that there is there's something matually

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Speaker 1: wrong here. And and I think that it's gonna be

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Speaker 1: hard to say that this this box issue is it.

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Speaker 1: Because Elon Musk has been aware of this issue. He

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Speaker 1: even spoke about it initially as a way he would

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Speaker 1: add value to Twitter is by getting rid of the box.

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Speaker 1: Twitter has been consistent in reporting its percentage of bots

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Speaker 1: for years, and so it's going to it's gonna take

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Speaker 1: a lot for prim to be able to claim that

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Speaker 1: this is the thing that I mean, certainly you can claim,

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Speaker 1: but to prove that this is the thing that that

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Speaker 1: is not um, you know, making the steal everything that

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Speaker 1: he thought it was in the beginning. Interesting. Well, I'm

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Speaker 1: sure there are more twist and terms to come. Sarah,

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Speaker 1: thank you. I want to stick with this story and

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Speaker 1: bring in Dan Ives of web Bush, Securities of corst

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Speaker 1: covers Twitter and also Apple um which we're gonna talk

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Speaker 1: about in a moment, but first on this Twitter thing, Dan,

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Speaker 1: do you think this is just a very public case

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Speaker 1: of buyer's remorse here for Elon Musk. Okay, damn, we've

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Speaker 1: talked about. I think he got cold feet. You know,

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Speaker 1: the body issue clearly is almost create a story of

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Speaker 1: its own, and this is him trying to walk away

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Speaker 1: from the deal or read the goo sheet a much

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Speaker 1: lower price. And I think the the Twitter's board backs

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Speaker 1: again the wall because ultimately they could fight this in court,

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Speaker 1: which will be very long and drawn out. At the

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Speaker 1: same time, there'll be a standalone company, but obviously a

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Speaker 1: bot issue that would really be a black cloud over

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Speaker 1: the stock. And I think that that's really right now

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Speaker 1: the quagmire for the board, and I think for Musk

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Speaker 1: it's really the sort of a poker move. What the

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Speaker 1: next step is. How big do you think the bot

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Speaker 1: issue really is for Twitter? I mean, we had a

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Speaker 1: former Twitter executive on the show here who said, it's

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Speaker 1: really not that big a problem at all. Well, I

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Speaker 1: think that's the the bean, right is a five is

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Speaker 1: in more than twenty, but whatever the number is, And

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Speaker 1: I think, look, the reality is is that Musk just

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Speaker 1: given the situation, I think it definitely changes tune, right,

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Speaker 1: I mean he's looking, you know, for I want to

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Speaker 1: be calling this side this being the steepgoat, but I

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Speaker 1: think obviously it's cascade into something. Either he doesn't want

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Speaker 1: to do the deal or just given the market dynamics

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Speaker 1: what we've seen, especially with Tesla stock and now you know,

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Speaker 1: we this really starts to become a spider web. How

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Speaker 1: does he get out of it? This is clearly the

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Speaker 1: first step shot across the bout Twitter's board. Is Kno

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Speaker 1: going to back down? Then? Is this the renegotiations behind

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Speaker 1: closed doors, you know? Or do they somehow come out

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Speaker 1: with some sort of due diligence that would really deem

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Speaker 1: this in terms of the body issue, you know, one

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Speaker 1: way or another. Who's correct? Now? What do you make

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Speaker 1: of Apple getting to an edit button before Twitter? Look,

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Speaker 1: I think mustard made me taken notice now, but look realistic,

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Speaker 1: I think it, she pointed out. I think it just

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Speaker 1: also shows apples listen to developers, and I think from

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Speaker 1: a developer perspective what we saw with the iOS sixteen,

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Speaker 1: they're they're listening to what the developers listened to what

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Speaker 1: consumers want and I think from a software perspective, it

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Speaker 1: shows that's the hearts and lungs of the Apple story

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Speaker 1: and it's a big part along with obviously that the

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Speaker 1: golden install base and what we see on iPhones as

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Speaker 1: well as the overall ecosystem. That's why Apple is where

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Speaker 1: it is. The other thing I would just point out

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Speaker 1: they're introducing products at a point of supply change, just

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Speaker 1: navigate massive headwinds. Just shows that distribution as well as

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Speaker 1: or in his own chips. Absolutely, we weren't quite sure

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Speaker 1: we'd see this m to chip and new MacBook airmac

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Speaker 1: Book Pro because of some of those supply chain issues,

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Speaker 1: but indeed we did. I actually got to to check

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Speaker 1: out the new products myself. UM. I want to talk

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Speaker 1: about another development here and that is with family Sharing,

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Speaker 1: And as always with these Apple updates at WWDC, it's

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Speaker 1: Apple sort of nudging us and trying to move us, um,

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Speaker 1: you know, towards the technology they believe is going to

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Speaker 1: be the future. Take a listen to this on stage

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Speaker 1: about this new ability to share, for example, your I

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Speaker 1: photo library with someone else. With family Sharing, you can

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Speaker 1: share your favorite purchases and subscriptions with up to five

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Speaker 1: of your family members including Apple Music, iCloud plus Apple

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Speaker 1: One and much more. Everyone gets personalized access to their

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Speaker 1: favorite content without having to buy their own subscriptions or

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Speaker 1: share an account. It's interesting down we're not just seeing

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Speaker 1: Apple trying to make all of our own devices more

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Speaker 1: connected to each other, but our device is more connected

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Speaker 1: to the devices of other people, for example, in our family.

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Speaker 1: What's the significance of that. I think it just speaks

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Speaker 1: to an unparalleled ecosystem, and they're just trying to get

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Speaker 1: further and further into that from both the services as

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Speaker 1: well as device perspectively. And I think that's what's really

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Speaker 1: happening here is they're doubling down on privacy, and I

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Speaker 1: think you show that across the board in terms of

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Speaker 1: the presentations, but just more interconnected, more services, more ultimately

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Speaker 1: family sharing from pictures to services to others, and I

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Speaker 1: think that's really the goal here because Apples right now

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Speaker 1: put an iron fence around their installed base, and I

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Speaker 1: think that's what this really speaks to as they continue

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Speaker 1: introduced new products. And the one thing I just point

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Speaker 1: out to five million of a billion iPhones have not

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Speaker 1: upgrade their phones in the last three and a half year,

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Speaker 1: so I think it just shows the drum roll di

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Speaker 1: iPhone for two. Now. Apple shares did take a leg

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Speaker 1: down last week on the back of that Morgan Stanley

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Speaker 1: report about a potential slowing of app store sales growth.

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Speaker 1: How concerned are you about that? And just how how

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Speaker 1: many consumers are really going to upgrade their devices right

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Speaker 1: now in a difficult macroeconomic environment. Look, I mean I

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Speaker 1: just saw with with that report, as well as Snap

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Speaker 1: news or any sort of Microsoft ffex, the knee jerk reaction,

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Speaker 1: any negative news is going to be exacerbating this market.

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Speaker 1: When it comes to Apple, if I read one month

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Speaker 1: of the App Store, I mean I think that sometimes

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Speaker 1: that's not as good a BRAM. And when I look

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Speaker 1: at the broader services, which is on pace to be

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Speaker 1: a hundred billion year as we go into next year,

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Speaker 1: and I think it's as far as to the trees

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Speaker 1: that they could have some softness here and there, but overall,

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Speaker 1: I think that's worth one point you one point five trillion,

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Speaker 1: And to your point terms just a broader mac or

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Speaker 1: what we're seeing here around the edges, they'll clearly see

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Speaker 1: it softening. But what's beaked into the stock. And I

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Speaker 1: think most investors believe numbers are are coming down for

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Speaker 1: next year. So I think what starts to happen is

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Speaker 1: stock beats in more and more bad news. But I

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Speaker 1: still believe it's an underestimated upgrade cycle. All right, Dannys

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Speaker 1: web Bush Security is always good to have you, Dan,

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Speaker 1: Thank you. Another story we continue to watch. According to

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Speaker 1: Wall Street Journal, Chinese regulators are preparing to wrap up

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Speaker 1: their investigation of Deity and restore its main apps to

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Speaker 1: mobile store as a report also saying the right healing

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Speaker 1: Giant will face a relatively large five Welcome back to

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Speaker 1: Boomore Technology and Emily Chang in Cupertino, California, live from

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Speaker 1: Apple's wide Developers Conference and the keyword being developer. Hundreds

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Speaker 1: of them here this week to learn more about Apple

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Speaker 1: key updates and of course, millions taking part in this event.

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Speaker 1: Around the world, we saw a redesigned MacBook Air, MacBook

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Speaker 1: Pro with the m to chip, along with upgrades to

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Speaker 1: the iPad and Apple Watch, as well a Safari and

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Speaker 1: a shift away from passwords. I'm joined now by Jess Wulf.

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Speaker 1: She is the CEO and chairwoman of Rebble Girls, a

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Speaker 1: multi platform empowerment brand with the mission of inspiring the

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Speaker 1: next generation of girls, and you guys are actually finalists

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Speaker 1: for the Apple Design Award. What exactly does that mean?

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Speaker 1: We are, We're thrilled, congratulations. You know, what do you

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Speaker 1: think Apple sees in the design? So so our app,

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Speaker 1: Throuble Girls app is a finalist for the Apple Design

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Speaker 1: Word and Social Impact. There are six categories of awards

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Speaker 1: and we are one of the finalists for them, and

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Speaker 1: it's really around the design, the intentionality behind the app

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Speaker 1: and what we're doing. We are an empowerment brand for girls.

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Speaker 1: Where a storytelling company. We tell the stories of six

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Speaker 1: hundred and fifty women so far across history, geography, field

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Speaker 1: of excellence, all about inspiring the next generation of girls.

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Speaker 1: And so when Apple is talking to you you know about

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Speaker 1: apps and what apps make impact, the impact that we're

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Speaker 1: having on girls lives and our commitment to diversity and

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Speaker 1: representation and authentic storytelling Israeli front and center. How can

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Speaker 1: technology help you tell the I mean, you know, tell

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Speaker 1: that story. I mean, gosh, we've been trying to inspire

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Speaker 1: girls for for generations and you know we still face

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Speaker 1: um a lot of challenges. What is it about technology

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Speaker 1: that can help well? Storytelling? Is what matters. So girls

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Speaker 1: starting at the age of six start losing confidence and

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Speaker 1: they start thinking they're less smart and less capable than boys.

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Speaker 1: So how do we tell girls more stories that increase

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Speaker 1: their confidence. So we started in books, we sold eight

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Speaker 1: million books, but then we went to audio and we

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Speaker 1: went to digital, and so technology can increase access to

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Speaker 1: stories and all kinds of stories, and we can inspire

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Speaker 1: more girls that way. Now, when it comes to your

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Speaker 1: company and obviously the developers at your company, what is

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Speaker 1: it about a w W d C that's so significant?

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Speaker 1: I mean, I'm sure you know. Are you looking here

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Speaker 1: to see what Apple to you of the future is

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Speaker 1: and trying to figure out how you can capitalize on that. Well,

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Speaker 1: Apple has an amazingly huge ecosystem of audience and developers,

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Speaker 1: and we've had a wonderful relationship both on the podcast

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Speaker 1: side of things and the app side of things with Apple.

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Speaker 1: So we're here today for the awards ceremony and to

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Speaker 1: see what the future is and how we can be,

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Speaker 1: you know, at the front of the future for storytelling

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Speaker 1: for girls. So we were hoping to hear some a

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Speaker 1: r VR updates, which we didn't get there. We thought

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Speaker 1: there might be some clues. You know, we believe there's

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Speaker 1: a headset coming and that could be the next big thing.

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Speaker 1: Is that something that you were hoping for? I mean,

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Speaker 1: I imagine the ability to tell some of those stories

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Speaker 1: and augmented in virtual reality could potentially be very powerful.

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Speaker 1: Absolutely so. Right now we're building an immersive online offline

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Speaker 1: an ecosystem for girls who are integrating our books and

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Speaker 1: our audio stories with our apps. So you can scan

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Speaker 1: a QR code on a book and it takes you

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Speaker 1: to the expanded audio story on the app. At some

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Speaker 1: point in the future, you can imagine also living and

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Speaker 1: seeing these stories in a R and B R. What's

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Speaker 1: your take on the controversy around the App store the

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Speaker 1: commissions that it takes. Do you believe that it's fair? Well,

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Speaker 1: as a small business, less is more for us, But really,

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Speaker 1: I mean, there is a huge controversy around that, and

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Speaker 1: I don't I wonder if does that at all, you know,

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Speaker 1: make you want to develop for other platforms or no.

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Speaker 1: The Apple platform is so valuable and it's worth the

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Speaker 1: rent essentially that you pay to use it. The Apple

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Speaker 1: platform is incredibly valuable and they bring an audience and

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Speaker 1: they support their developers and that is worth paying a

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Speaker 1: premium for bigger picture. Back to your mission, there's been

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Speaker 1: this concern about women and girls potentially backsliding in the pandemic.

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Speaker 1: What's your view on that. Have we lost progress over

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Speaker 1: the last couple of years? Absolutely? Absolutely. You see it

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Speaker 1: across the board. You see it what's happening in schools

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Speaker 1: with kids being behind. You see women dropping out of

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Speaker 1: the workforce. Last year, only two ad venture funding went

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Speaker 1: to women, which was even lower than the year before.

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Speaker 1: I think it's absolutely time for us to step up

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Speaker 1: and do more for girls, for women to advance society.

430
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Speaker 1: What's the emma, mom? What's the secret when my daughter

431
00:23:29,680 --> 00:23:33,280
Speaker 1: turns six? What should I do differently? Well, you should

432
00:23:33,320 --> 00:23:36,960
Speaker 1: read a Rebel Girls stories for one. I have a

433
00:23:36,960 --> 00:23:40,399
Speaker 1: few I have I love to hear that I love that.

434
00:23:41,080 --> 00:23:43,760
Speaker 1: Help her develop her confidence. Find the thing that makes

435
00:23:43,760 --> 00:23:46,520
Speaker 1: her really tick and lean into that, right, the thing

436
00:23:46,560 --> 00:23:49,320
Speaker 1: that makes her smile, whether it's sports or music or

437
00:23:49,440 --> 00:23:52,840
Speaker 1: math or bugs or whatever. Bring that out in her,

438
00:23:53,040 --> 00:23:56,800
Speaker 1: Encourage that, encourage her to build her confidence in that,

439
00:23:56,880 --> 00:23:58,919
Speaker 1: and from there she can go on and become an

440
00:23:58,920 --> 00:24:03,680
Speaker 1: amazing human. Right Chess Well, CEO of Rebel Girls, thank

441
00:24:03,680 --> 00:24:06,639
Speaker 1: you so much for for blazing that trail and helping

442
00:24:06,680 --> 00:24:09,359
Speaker 1: to tell those stories. Thanks, thank you for joining us.

443
00:24:10,440 --> 00:24:13,800
Speaker 1: All right, big updates to the Apple wallet and the

444
00:24:13,840 --> 00:24:17,280
Speaker 1: ability to buy anything anywhere they accept Apple Pay in

445
00:24:17,400 --> 00:24:21,800
Speaker 1: four supposedly very easy installments. How much could this shake

446
00:24:21,880 --> 00:24:25,240
Speaker 1: up the fintech world? That is next? This is Bloomberg.

447
00:24:37,520 --> 00:24:39,679
Speaker 1: It is time now for our crypto report and Bloomer

448
00:24:39,680 --> 00:24:42,600
Speaker 1: Shanelli Bossick with me. Now, Shanelli, we're seeing a bit

449
00:24:42,600 --> 00:24:46,200
Speaker 1: of a rebound in bitcoin. What's driving that? Yeah, something

450
00:24:46,240 --> 00:24:48,400
Speaker 1: that's interesting is it's not just a little rebound. It's

451
00:24:48,400 --> 00:24:50,720
Speaker 1: more than a five cent rebound that you saw over

452
00:24:50,760 --> 00:24:54,560
Speaker 1: the twenty four hour period. Bitcoin has been rising since

453
00:24:54,600 --> 00:24:59,280
Speaker 1: a drop off late last week, back now over that level.

454
00:24:59,440 --> 00:25:02,800
Speaker 1: Do you have it? Abo thirty one thousand, six hundred nearly?

455
00:25:03,160 --> 00:25:05,480
Speaker 1: But listen, something interesting about this too is that it's

456
00:25:05,520 --> 00:25:09,200
Speaker 1: also driving back up prices on bitcoin related stocks Bitcoin

457
00:25:09,480 --> 00:25:13,000
Speaker 1: trades seven. However, the stock market being open helps some

458
00:25:13,080 --> 00:25:15,440
Speaker 1: stocks regain some of the losses that they had seen

459
00:25:15,560 --> 00:25:18,400
Speaker 1: last week. I think the likes of coin Base, which

460
00:25:18,400 --> 00:25:22,840
Speaker 1: had risen more today, Riot blockchain micro strategy. Something I

461
00:25:22,880 --> 00:25:24,960
Speaker 1: want to point out Emily, though, is that even though

462
00:25:25,000 --> 00:25:27,000
Speaker 1: some of those stocks saw a bit of a boost

463
00:25:27,040 --> 00:25:30,560
Speaker 1: today with that five percent rise in bitcoin, those stocks

464
00:25:30,640 --> 00:25:34,480
Speaker 1: hadn't even steeper drop off on Friday. While Bitcoin dropped

465
00:25:34,480 --> 00:25:38,320
Speaker 1: about two on Friday. You saw an even steeper drop

466
00:25:38,320 --> 00:25:42,080
Speaker 1: in those stocks. So question here about how exposed a

467
00:25:42,119 --> 00:25:46,320
Speaker 1: lot of companies are as. Some exchange volumes show much

468
00:25:46,440 --> 00:25:50,640
Speaker 1: lighter volumes this year than they did the year prior. Shannali,

469
00:25:50,760 --> 00:25:55,040
Speaker 1: is there still pessimism after this most recent rallying? Yeah,

470
00:25:55,160 --> 00:25:57,520
Speaker 1: something interesting about that. I look at what For example,

471
00:25:57,600 --> 00:25:59,800
Speaker 1: Lee Drogan over at Dark Killer Capital, I was saying

472
00:25:59,840 --> 00:26:02,560
Speaker 1: on line today that he wouldn't be surprised that the

473
00:26:02,600 --> 00:26:07,240
Speaker 1: cryptoconference curse continues with consensus and that the market gets

474
00:26:07,240 --> 00:26:10,520
Speaker 1: slaughtered late next week for another leg down. Just earlier

475
00:26:10,520 --> 00:26:13,560
Speaker 1: today I was with another fund manager that said that

476
00:26:13,640 --> 00:26:17,280
Speaker 1: they are calculating how long a crypto could really last?

477
00:26:17,359 --> 00:26:20,199
Speaker 1: Can it last not just another couple of months, but

478
00:26:20,280 --> 00:26:23,080
Speaker 1: could it last a couple of years? That will be

479
00:26:23,119 --> 00:26:25,840
Speaker 1: the discussion moving forward, and what happens should we see

480
00:26:25,880 --> 00:26:30,800
Speaker 1: such a sustained downturn? All right, Shanali, thanks so much.

481
00:26:31,359 --> 00:26:34,399
Speaker 1: I want to welcome Bloomberg Intelligence is Julie Shari l

482
00:26:34,520 --> 00:26:36,760
Speaker 1: now to talk about some of the developments when it

483
00:26:36,760 --> 00:26:40,680
Speaker 1: comes to fintech and Apple. But first of all, Julie,

484
00:26:40,880 --> 00:26:43,680
Speaker 1: should we be should we be waiting for Apple's crypto play?

485
00:26:45,400 --> 00:26:47,440
Speaker 1: I guess the sense of urgency is a little bit

486
00:26:47,480 --> 00:26:51,040
Speaker 1: off for them now these days with the prices being down.

487
00:26:51,080 --> 00:26:53,280
Speaker 1: Nobody who does hold hold crypto right now and wann't

488
00:26:53,280 --> 00:26:57,040
Speaker 1: necessarily use it to buy things given how it's devalued um.

489
00:26:57,040 --> 00:26:59,480
Speaker 1: But crypto payments down the road will definitely be interesting

490
00:26:59,520 --> 00:27:01,640
Speaker 1: and I think fits Apple to be a player. There

491
00:27:02,119 --> 00:27:05,280
Speaker 1: still a really small market about six billion dollars last

492
00:27:05,359 --> 00:27:08,919
Speaker 1: year made in crypto payments to merchants from consumers, so

493
00:27:09,000 --> 00:27:11,680
Speaker 1: still not a huge market. Put an opportunity down the road.

494
00:27:13,320 --> 00:27:15,600
Speaker 1: So let's talk about what Apple is doing, and that

495
00:27:15,760 --> 00:27:19,560
Speaker 1: is Apple pay Later announcing this ability to pay later

496
00:27:19,840 --> 00:27:23,840
Speaker 1: for you know, anything you buy via Apple pay in

497
00:27:24,040 --> 00:27:26,720
Speaker 1: four installments. Take a listen to what they had to

498
00:27:26,720 --> 00:27:30,119
Speaker 1: say about it. Apple pay later lets you split the

499
00:27:30,160 --> 00:27:33,640
Speaker 1: cost of an Apple pay purchase into four equal payments

500
00:27:33,960 --> 00:27:37,240
Speaker 1: spread over six weeks, with zero interest and no fees

501
00:27:37,240 --> 00:27:41,160
Speaker 1: of any kind. And Apple pay Later is available everywhere

502
00:27:41,200 --> 00:27:47,320
Speaker 1: Apple Pay is accepted in apps and online so Julie,

503
00:27:47,400 --> 00:27:50,880
Speaker 1: this is taking on companies like a firm and Klarna

504
00:27:51,040 --> 00:27:55,439
Speaker 1: and Block which bought after pay. How big a market

505
00:27:55,440 --> 00:27:58,920
Speaker 1: do you think this could be for Apple and the

506
00:27:59,000 --> 00:28:01,919
Speaker 1: buying appay later mark. It is quite large, So it's

507
00:28:01,920 --> 00:28:05,400
Speaker 1: a great opportunity. Lots of consumer demand for this new

508
00:28:05,480 --> 00:28:09,840
Speaker 1: way to pay. The question is how many how many

509
00:28:09,880 --> 00:28:12,320
Speaker 1: more players right are going to get involved? And we

510
00:28:12,359 --> 00:28:15,000
Speaker 1: think that answer is a lot. We think that by

511
00:28:15,000 --> 00:28:17,560
Speaker 1: now pay Later essentially is going to be table stakes

512
00:28:17,880 --> 00:28:21,439
Speaker 1: when it comes to making payments. Everyone and anyone is

513
00:28:21,440 --> 00:28:25,240
Speaker 1: going to offer it online and now increasingly in store,

514
00:28:25,720 --> 00:28:29,000
Speaker 1: so important move for Apple. They should be there. It's

515
00:28:29,000 --> 00:28:32,320
Speaker 1: what's what consumers want. Merchants like it because it helps

516
00:28:32,359 --> 00:28:36,440
Speaker 1: to improve cart conversion. Um, they should be there. But

517
00:28:36,480 --> 00:28:38,520
Speaker 1: pretty soon we're going to see by now pay later

518
00:28:38,600 --> 00:28:41,000
Speaker 1: options on all of the credit cards, um, and all

519
00:28:41,040 --> 00:28:43,280
Speaker 1: of the debit cards from our banks and so on

520
00:28:43,840 --> 00:28:46,200
Speaker 1: that we're used to carrying. So it's going to be

521
00:28:46,240 --> 00:28:48,680
Speaker 1: a matter of which which one do you want to choose?

522
00:28:49,760 --> 00:28:52,600
Speaker 1: The all Cappa leader. How much does it matter the

523
00:28:52,680 --> 00:28:55,000
Speaker 1: partnerships that Apple is able to make. I think of

524
00:28:55,120 --> 00:28:58,520
Speaker 1: an affirm and the partnership they have with Spotify and

525
00:28:58,520 --> 00:29:01,640
Speaker 1: an Amazon and you look got Amazon, and you wonder

526
00:29:01,920 --> 00:29:05,160
Speaker 1: can too big tech companies get it together here to

527
00:29:05,640 --> 00:29:08,200
Speaker 1: play nice in a field like this, do they need

528
00:29:08,240 --> 00:29:14,320
Speaker 1: to strike massive partnerships to succeed. Partnerships with merchants are important,

529
00:29:14,360 --> 00:29:18,680
Speaker 1: but they're especially important for those pure play, emerging buy out,

530
00:29:18,680 --> 00:29:21,600
Speaker 1: pay later companies like a firm and after paying Klarna,

531
00:29:21,680 --> 00:29:23,600
Speaker 1: because they had to put themselves on the map, right,

532
00:29:23,640 --> 00:29:26,640
Speaker 1: they had to earn the trust of consumers, and by

533
00:29:26,640 --> 00:29:30,120
Speaker 1: being on a merchants website, you helps you earn that trust.

534
00:29:30,480 --> 00:29:33,479
Speaker 1: Apple I think already generally has that. They already have

535
00:29:33,680 --> 00:29:36,960
Speaker 1: millions of merchants on their platform who are accepting Apple Pay.

536
00:29:37,040 --> 00:29:39,440
Speaker 1: So it's not too high of a hurdle for those

537
00:29:39,520 --> 00:29:42,720
Speaker 1: merchants to now um continue to offer after pay sorry

538
00:29:42,720 --> 00:29:45,400
Speaker 1: Apple Pay, And if you haven't, then now you will

539
00:29:45,560 --> 00:29:47,960
Speaker 1: because you want that access to buy now, pay later.

540
00:29:48,360 --> 00:29:50,880
Speaker 1: What we see from merchants is they're willing to put

541
00:29:51,040 --> 00:29:55,720
Speaker 1: almost any payment option on their websites um and increasingly

542
00:29:55,720 --> 00:29:58,640
Speaker 1: at the point of sale to get a consumer to

543
00:29:59,040 --> 00:30:03,960
Speaker 1: make that payments apples in good shape. Julia's Julie. There's

544
00:30:03,960 --> 00:30:06,920
Speaker 1: been some skepticism about these buy now Pay later services.

545
00:30:06,920 --> 00:30:10,800
Speaker 1: You've got regulators taking a look. Are there any negative

546
00:30:10,800 --> 00:30:14,200
Speaker 1: consequences as an individual to just saying, hey, I'm gonna

547
00:30:14,200 --> 00:30:17,320
Speaker 1: pay in four installments, no late phase, no interest, But

548
00:30:17,720 --> 00:30:22,120
Speaker 1: is there a downside for me? So for the consumer,

549
00:30:22,320 --> 00:30:25,240
Speaker 1: it is it's just a much easier way to pay

550
00:30:25,360 --> 00:30:27,240
Speaker 1: because you can spread things out a little bit. But

551
00:30:27,320 --> 00:30:30,520
Speaker 1: I'll spreading them out too much that you potentially lose

552
00:30:30,560 --> 00:30:34,840
Speaker 1: track or fall into into into trouble getting over extended.

553
00:30:35,200 --> 00:30:37,120
Speaker 1: Where the risk comes in is if you take on

554
00:30:37,200 --> 00:30:41,280
Speaker 1: too many of these small loans, right, and you see

555
00:30:41,280 --> 00:30:43,240
Speaker 1: that in the next two weeks, for the next four weeks,

556
00:30:43,440 --> 00:30:45,880
Speaker 1: all of a sudden, you have a number of installments

557
00:30:45,880 --> 00:30:50,240
Speaker 1: coming do and that gets hard to manage for the

558
00:30:50,720 --> 00:30:54,080
Speaker 1: the offer. The providers of buy now Pay later, right,

559
00:30:54,160 --> 00:30:57,160
Speaker 1: they have the risk. I may know how much installment

560
00:30:57,240 --> 00:30:59,479
Speaker 1: credit you have with me, but I may not know

561
00:30:59,520 --> 00:31:02,640
Speaker 1: how much you have with two or three other providers

562
00:31:03,000 --> 00:31:06,200
Speaker 1: of of installment credit um and that's where the visibility

563
00:31:06,440 --> 00:31:09,760
Speaker 1: can come into play and cause some problems. I think

564
00:31:09,840 --> 00:31:12,840
Speaker 1: it's an area that where Apple is pretty well situated though,

565
00:31:13,400 --> 00:31:16,360
Speaker 1: because they have experience with the Apple card right already

566
00:31:16,400 --> 00:31:20,120
Speaker 1: making credit decisions. And most importantly, they have this huge

567
00:31:20,160 --> 00:31:24,400
Speaker 1: base of a billion users. They see their transactions, um,

568
00:31:24,600 --> 00:31:27,800
Speaker 1: they see what they're doing on a regular basis through

569
00:31:27,920 --> 00:31:31,880
Speaker 1: Apple Pay. Um, they can get comfortable with their financial

570
00:31:32,240 --> 00:31:34,320
Speaker 1: sort of give and take over the course of the

571
00:31:34,400 --> 00:31:38,400
Speaker 1: month that way, and can make better decisions in granting

572
00:31:38,480 --> 00:31:45,440
Speaker 1: installment credit to those users. All right, Julie Shariah Bloomberg Intelligence,

573
00:31:45,480 --> 00:31:57,560
Speaker 1: along with our own Sinai Boss, thank you both. Welcome

574
00:31:57,560 --> 00:32:00,479
Speaker 1: back to a special edition of Bloomberg Technology at Apple

575
00:32:00,560 --> 00:32:04,280
Speaker 1: Park for WWDC in Cubercino, California. I'm joined out by

576
00:32:04,280 --> 00:32:06,680
Speaker 1: Babo John All, the founder and chief analysts and president

577
00:32:07,240 --> 00:32:11,000
Speaker 1: of Technolysis Research. So obviously a lot to talk about today.

578
00:32:11,120 --> 00:32:14,960
Speaker 1: What struck you as the most significant of everything that

579
00:32:15,000 --> 00:32:17,800
Speaker 1: we saw Apple unveil? You know, I think the most

580
00:32:17,880 --> 00:32:20,560
Speaker 1: interesting thing was actually something that really is going to

581
00:32:20,640 --> 00:32:23,080
Speaker 1: get talked about, and that is the fact that Apple

582
00:32:23,400 --> 00:32:26,840
Speaker 1: is working with industry organizations for things like the Matter

583
00:32:27,120 --> 00:32:30,080
Speaker 1: smart home standard as well as for password lists. And

584
00:32:30,120 --> 00:32:32,200
Speaker 1: I know those things are going to impact us later,

585
00:32:32,680 --> 00:32:35,720
Speaker 1: but they signal an Apple that it's willing to play

586
00:32:35,760 --> 00:32:37,920
Speaker 1: with other people, and that's not something we've seen a

587
00:32:37,920 --> 00:32:39,960
Speaker 1: lot of Apples. So let's talk about password list first.

588
00:32:40,080 --> 00:32:41,640
Speaker 1: I can't tell you how many times I've had to

589
00:32:41,720 --> 00:32:44,720
Speaker 1: change my eye Cloud passward because I forget, because I

590
00:32:44,800 --> 00:32:47,560
Speaker 1: just can't go back to it that often. For example.

591
00:32:47,720 --> 00:32:50,320
Speaker 1: You know what is Apple doing here and why is

592
00:32:50,360 --> 00:32:52,920
Speaker 1: it so significant? Well, what they're doing is they're working

593
00:32:52,920 --> 00:32:55,239
Speaker 1: with this organization called the fight A Alliance, and it

594
00:32:55,280 --> 00:32:57,680
Speaker 1: happens to have Microsoft and Google and all the big

595
00:32:57,680 --> 00:33:00,960
Speaker 1: players in there, and they're all working towards the ability

596
00:33:01,320 --> 00:33:05,960
Speaker 1: to use biometrics uh to get into a system, but

597
00:33:06,120 --> 00:33:08,960
Speaker 1: more importantly, to be able to save that and use

598
00:33:09,000 --> 00:33:13,560
Speaker 1: it across multiple devices, multiple operating systems, multiple websites. So

599
00:33:13,600 --> 00:33:16,920
Speaker 1: it becomes like a digital identity that you can use

600
00:33:17,240 --> 00:33:19,560
Speaker 1: as a mechanism for getting in. And that's a huge

601
00:33:19,600 --> 00:33:21,840
Speaker 1: step forward. And let's talk about matter and the home.

602
00:33:21,880 --> 00:33:23,640
Speaker 1: I'm glad you mentioned that because we haven't really gotten

603
00:33:23,640 --> 00:33:26,800
Speaker 1: to the smart home yet. You know, the criticism is

604
00:33:26,840 --> 00:33:29,160
Speaker 1: that it's just taking so long to get these smart

605
00:33:29,200 --> 00:33:32,719
Speaker 1: home technologies to really go mainstream. How many people are

606
00:33:32,720 --> 00:33:35,120
Speaker 1: actually taking advantage of it? Well, and that's the problem,

607
00:33:35,240 --> 00:33:37,280
Speaker 1: right because and you could argue, well, is this a

608
00:33:37,320 --> 00:33:40,560
Speaker 1: reflection of home Kit really not really doing what people

609
00:33:40,560 --> 00:33:42,720
Speaker 1: thought it would. It is a little bit, but it's

610
00:33:42,760 --> 00:33:45,320
Speaker 1: again the bigger issue is when it comes to smart home,

611
00:33:45,640 --> 00:33:48,240
Speaker 1: Apple recognized they needed to play with the other guys,

612
00:33:48,280 --> 00:33:50,160
Speaker 1: They needed to play with Google, they needed to play

613
00:33:50,200 --> 00:33:53,320
Speaker 1: with Amazon and allow all of these devices to interact.

614
00:33:53,440 --> 00:33:57,120
Speaker 1: And because they're doing that, that makes things significantly easier

615
00:33:57,160 --> 00:33:59,120
Speaker 1: for people to pull us all together. Again, it's going

616
00:33:59,160 --> 00:34:01,360
Speaker 1: to take a little while before we get all the benefits,

617
00:34:01,600 --> 00:34:03,239
Speaker 1: but the fact that Apple is willing to do that,

618
00:34:03,320 --> 00:34:05,520
Speaker 1: I think is reflective of something very different from them.

619
00:34:05,640 --> 00:34:08,319
Speaker 1: You also have Apple trying to take on more real

620
00:34:08,440 --> 00:34:11,600
Speaker 1: estate on the dashboard in your car. Will they succeed?

621
00:34:11,840 --> 00:34:14,960
Speaker 1: So Car Play again, if we're going to talk long

622
00:34:15,040 --> 00:34:19,279
Speaker 1: term strategic impact, that car Play announcement is huge. The

623
00:34:19,400 --> 00:34:22,120
Speaker 1: question will be, you know, how much are the car

624
00:34:22,200 --> 00:34:25,120
Speaker 1: makers going to be willing to do that? And simple

625
00:34:25,160 --> 00:34:27,200
Speaker 1: things like Hey, when I turn the car on, whose

626
00:34:27,239 --> 00:34:29,640
Speaker 1: logo do I see? And who who do I interact with?

627
00:34:29,680 --> 00:34:31,600
Speaker 1: Because this has been the concern that the car makers

628
00:34:31,600 --> 00:34:34,719
Speaker 1: have had with using Google or Apple, like, Hey, we

629
00:34:34,760 --> 00:34:36,640
Speaker 1: don't want to lose our identity. We want you know,

630
00:34:36,680 --> 00:34:39,080
Speaker 1: we're our brand and we want that to carry through,

631
00:34:39,120 --> 00:34:41,440
Speaker 1: and so there is a big question of how far

632
00:34:41,560 --> 00:34:43,520
Speaker 1: that goes. But watch that one. That is going to

633
00:34:43,600 --> 00:34:45,920
Speaker 1: be interesting. Now. You and I both got to see

634
00:34:46,080 --> 00:34:49,319
Speaker 1: the new MacBooks, and I believe there was even an

635
00:34:49,360 --> 00:34:53,040
Speaker 1: appearance from Tim Cook showed up to give a little

636
00:34:53,040 --> 00:34:56,040
Speaker 1: wave to the crowd. You know, what do you think

637
00:34:56,239 --> 00:34:59,480
Speaker 1: of the new devices? Well, they're beautiful machines, right, I mean,

638
00:34:59,840 --> 00:35:03,000
Speaker 1: the M two is arguably, you know, incremental change, but

639
00:35:03,040 --> 00:35:05,960
Speaker 1: it is a step forward. But that MacBook Air is

640
00:35:06,000 --> 00:35:09,400
Speaker 1: an absolutely beautiful design and and it's sexy and a

641
00:35:09,480 --> 00:35:11,400
Speaker 1: cool and it's the kind of thing people are looking

642
00:35:11,400 --> 00:35:14,080
Speaker 1: for from Apple, and they want to see hardware improvements.

643
00:35:14,120 --> 00:35:15,759
Speaker 1: And that's the kind of thing that someone can walk

644
00:35:15,800 --> 00:35:17,920
Speaker 1: away from the show going okay, cool, I see I

645
00:35:18,000 --> 00:35:20,120
Speaker 1: know what I'm going to get next. And again, during

646
00:35:20,120 --> 00:35:23,040
Speaker 1: the pandemic, computers became so much more important to so

647
00:35:23,080 --> 00:35:26,040
Speaker 1: many people. So having a new computer and new design,

648
00:35:26,520 --> 00:35:29,560
Speaker 1: faster performance, that's exactly what Apple needed to Now we've

649
00:35:29,560 --> 00:35:33,359
Speaker 1: seen Apple taking greater control of privacy, privacy first, which

650
00:35:33,400 --> 00:35:36,359
Speaker 1: impacts a whole bunch of technology companies. We also saw

651
00:35:36,400 --> 00:35:39,719
Speaker 1: some updates to the lock screen. You know, it's all

652
00:35:39,800 --> 00:35:42,360
Speaker 1: surrounding this this idea of focus and letting you be

653
00:35:42,400 --> 00:35:44,400
Speaker 1: able to like use your phone as a glance at

654
00:35:44,400 --> 00:35:47,719
Speaker 1: a glance, but not get lost in it. You know,

655
00:35:48,040 --> 00:35:51,120
Speaker 1: what's your take on these developments? I think they're important,

656
00:35:51,120 --> 00:35:53,759
Speaker 1: and because you know, unfortunately, people are getting obsessed with

657
00:35:53,760 --> 00:35:56,280
Speaker 1: their phones, and they're getting so connected to these phones

658
00:35:56,320 --> 00:35:59,160
Speaker 1: that they can't pull themselves away from it. And so

659
00:35:59,600 --> 00:36:02,719
Speaker 1: little steps like that to hide some of the notifications,

660
00:36:02,760 --> 00:36:05,160
Speaker 1: only show them when you need them, bring in additional

661
00:36:05,200 --> 00:36:08,200
Speaker 1: widgets to customize the lock screen, all those things have

662
00:36:08,280 --> 00:36:11,360
Speaker 1: an influence on how people use their device. And the

663
00:36:11,480 --> 00:36:13,920
Speaker 1: nice thing is, and this is why people like Apple,

664
00:36:14,400 --> 00:36:17,040
Speaker 1: is I get those benefits even if I don't buy

665
00:36:17,080 --> 00:36:18,880
Speaker 1: a brand new iPhone, I even if I have a

666
00:36:18,880 --> 00:36:21,319
Speaker 1: three or four year old pin every And is that

667
00:36:22,400 --> 00:36:25,800
Speaker 1: a little bit of hypocrisy here, because you know, Apple's

668
00:36:25,840 --> 00:36:29,640
Speaker 1: making it easier to use the phone but harder to

669
00:36:29,719 --> 00:36:33,759
Speaker 1: use everything else. Well, it's a fair point. I mean,

670
00:36:33,800 --> 00:36:37,520
Speaker 1: obviously I want it to be genuine, right right. Well,

671
00:36:37,600 --> 00:36:39,640
Speaker 1: I mean, look, what they're ultimately I think trying to

672
00:36:39,719 --> 00:36:43,760
Speaker 1: do is how can they get people to get addicted

673
00:36:43,800 --> 00:36:46,520
Speaker 1: but not too addicted in a weird way? Um and

674
00:36:46,920 --> 00:36:49,400
Speaker 1: they want to get the ability to use their devices

675
00:36:49,480 --> 00:36:52,160
Speaker 1: across all their elements. You know, for example, the ability

676
00:36:52,200 --> 00:36:55,360
Speaker 1: to use your iPhone as a webcam with a Mac

677
00:36:55,560 --> 00:36:58,680
Speaker 1: was really cool way of tying their devices together. They've

678
00:36:58,680 --> 00:37:01,200
Speaker 1: been trying to do that for years. Figure out ways,

679
00:37:01,440 --> 00:37:03,960
Speaker 1: what little technology can we do to bring this in

680
00:37:04,640 --> 00:37:06,840
Speaker 1: so that people want to use more of our own devices.

681
00:37:06,840 --> 00:37:08,680
Speaker 1: So you're exactly right. I mean, they're trying to get

682
00:37:08,680 --> 00:37:11,480
Speaker 1: people to do it, but they also recognize, hey, in

683
00:37:11,520 --> 00:37:13,400
Speaker 1: some ways we've created a problem. What can we do

684
00:37:13,480 --> 00:37:15,200
Speaker 1: to sort of step that back a little bit in

685
00:37:15,280 --> 00:37:17,880
Speaker 1: terms of keeping things under control and and make it

686
00:37:17,920 --> 00:37:20,160
Speaker 1: more of a glancing like device. Like you said, so,

687
00:37:20,440 --> 00:37:22,319
Speaker 1: what is this signal to you about what's coming in

688
00:37:22,360 --> 00:37:25,319
Speaker 1: the fall? H? Well, the signal is obviously we're gonna

689
00:37:25,320 --> 00:37:27,799
Speaker 1: see a new iPhone, right and uh, there'll be new

690
00:37:27,840 --> 00:37:30,680
Speaker 1: devices there. My guess is, now that the M two

691
00:37:30,719 --> 00:37:32,840
Speaker 1: is out of the bag, I think we'll see, you know,

692
00:37:32,920 --> 00:37:36,799
Speaker 1: additional iterations of M two device based devices. We'll see

693
00:37:36,800 --> 00:37:40,279
Speaker 1: a new iMac, will see probably maybe we'll finally see

694
00:37:40,280 --> 00:37:42,640
Speaker 1: the Mac Pro that people have been waiting for. That's

695
00:37:42,640 --> 00:37:45,040
Speaker 1: the last piece of the Mac puzzle. That doesn't have

696
00:37:45,080 --> 00:37:48,520
Speaker 1: an M series chip um, And you know, I don't

697
00:37:48,560 --> 00:37:50,399
Speaker 1: think we're gonna see anything on a R for a while,

698
00:37:50,440 --> 00:37:52,960
Speaker 1: because that's the big question. How many years out is

699
00:37:53,320 --> 00:37:56,200
Speaker 1: it's next year? My guest, you and I will sit

700
00:37:56,239 --> 00:37:58,479
Speaker 1: on this stage together next year and we'll be talking

701
00:37:58,480 --> 00:38:00,920
Speaker 1: about a R. That's my guest. Why not yet? If

702
00:38:00,960 --> 00:38:04,279
Speaker 1: Facebook's doing it now, No, it's not doing it out

703
00:38:04,360 --> 00:38:07,840
Speaker 1: because remember that meta is doing VR fully encompassed in

704
00:38:07,920 --> 00:38:11,080
Speaker 1: your face cuts off the world. A R where I'm

705
00:38:11,120 --> 00:38:13,120
Speaker 1: looking outside, I can see what's going on around me,

706
00:38:13,160 --> 00:38:15,480
Speaker 1: but I get, you know, a little bit more information

707
00:38:15,840 --> 00:38:18,080
Speaker 1: is much harder to do. So should we be thinking

708
00:38:18,239 --> 00:38:23,719
Speaker 1: FaceTime in VR maps, in VR plus, Fitness Plus and VR.

709
00:38:23,760 --> 00:38:27,040
Speaker 1: When I'm thinking, I'm looking around and I'm see that

710
00:38:27,120 --> 00:38:30,560
Speaker 1: person and their name shows up on my on my screen,

711
00:38:30,600 --> 00:38:33,200
Speaker 1: I'm like, oh, yeah, that's that person's name that I recognize.

712
00:38:33,400 --> 00:38:34,680
Speaker 1: You know, at a trade where you see all these

713
00:38:34,680 --> 00:38:37,080
Speaker 1: people out of context, can't remember who they are, and

714
00:38:37,120 --> 00:38:39,759
Speaker 1: it does recognition because it's in your contacts and it

715
00:38:39,880 --> 00:38:42,200
Speaker 1: tells you that. Or you look at a building, or

716
00:38:42,239 --> 00:38:44,480
Speaker 1: you look at you know, you're traveling somewhere and you say,

717
00:38:44,520 --> 00:38:46,120
Speaker 1: what is that, and you look at it and it

718
00:38:46,200 --> 00:38:49,160
Speaker 1: tells you. So it's not that it necessarily gives you

719
00:38:49,200 --> 00:38:51,720
Speaker 1: all of that stuff in three D, but it overlays

720
00:38:51,880 --> 00:38:56,959
Speaker 1: enhances your visual experience. That's right of technolysis. We're gonna

721
00:38:57,000 --> 00:38:59,359
Speaker 1: talk in the air and see if your predictions were true.

722
00:38:59,640 --> 00:39:01,640
Speaker 1: Thank you so much for joining us. Good to see

723
00:39:02,000 --> 00:39:04,680
Speaker 1: you here in person, and thank you all for watching

724
00:39:04,680 --> 00:39:08,880
Speaker 1: a special edition of bloomber Technology Live from w w

725
00:39:09,000 --> 00:39:11,799
Speaker 1: d C. We've got a great show coming up tomorrow

726
00:39:11,920 --> 00:39:14,640
Speaker 1: as well. Max levchin Uh you don't see him on

727
00:39:14,640 --> 00:39:16,520
Speaker 1: that graphic, but he'll be joining us to talk about

728
00:39:16,520 --> 00:39:19,440
Speaker 1: this whole Apple Pay Later situation and more. This is

729
00:39:19,440 --> 00:39:20,000
Speaker 1: Bloomberg