CNBC Steve Jobs September 2006

2006-09-123:39English

Transcript

Machine transcript in the original language. It may contain errors. Select a timestamp to play that moment.

Welcome back.
Apple does it again.
First came music and TV shows.
And today, the tech giant unveiled
its long-awaited movie service on iTunes.
It allows customers buy movies from the Disney Studios
for between $9.99 and $14.99 apiece.
Apple also today introduced a new iPod, Nano,
which is expected to retail for between $149 and $249.
Take a look at Apple stock today.
We had a pretty good day for technology.
Apple included up 24 cents, one third of 1%.
Over the past year, it is up more than 40%.
Take a look at that chart.
The products mark Apple's latest salvo
in the battle for your living room.
Same to see Silicon Valley reporter,
Jim Goldman with more in San Francisco.
Jim?
Hey, Maria, good evening to you.
Yeah, indeed, Apple unveils a complete redesign
of the iPod and stakes its claim in digital entertainment,
a very big deal for the company.
In fact, Apple is showing off a new line of colorful nanos,
Thinner, more storage, and cheaper.
The company also showing an almost microscopic new iPod shuffle
that will retail for $79 when it becomes available next month.
Apple is selling $60 million iPods since 2001,
generating $12 billion in revenue so far.
And while analysts say sales appear to be slowing,
Steve Jobs tells me in an exclusive interview
that sales are as robust as ever, and he's optimistic.
We're really happy with our iPod sales.
I mean, you know, iPod sales are seasonal, so we're going into the holiday quarter, which is, for the last two years, been our biggest quarter.
And so, you know, we have good expectations for how many iPods we're going to sell next quarter, but we're in uncharted territory.
I mean, we've never sold this many of anything before.
And so we're learning as we go, but so far we're pretty happy.
Well, cue those famous San Francisco sirens as I tell you that Apple also unveiled its long-awaited download movie service,
starting with 75 feature films from Disney and all of its major studios.
Downloaded video, a big deal for Apple.
45 million TV show downloads in less than a year, and Apple sees movie downloads as certainly the next big thing.
Apple also showing off something called iTV today, a way to wirelessly transmit music TV shows,
and again now movies from your PC directly to your television.
The $299 box available early next year,
what Jobs calls the last major piece of Apple's digital puzzle.
Jobs also addressing today the stock options backdating scandal
for the first time publicly,
forcing Apple to restate its earnings going back to 2001,
denying again for the very first time today
that the company faces any other investigations
other than its own internal probe.
We're mostly focused on our own house right now.
And we're not under investigation by the SEC or anyone else.
But we did discover, with all the press around this,
we started our own investigation.
And we did discover some irregularities.
And we're letting that investigation have its due course.
And it will be completed in the not terribly distant future.
So we're not really talking about it
until that investigation is done, just to give them
benefit of doing a completely independent investigation.
All of the new products that Apple announced will be available today, save for that shuffle
which will be available next month just in time for the all-important holiday shopping
season.
That new wireless television device that really is generating quite a bit of buzz
around here should be available sometime during the first quarter of 2007.
Maria, back to you.
All right, Jim.

Transcript

Machine transcript in the original language. It may contain errors. Select a timestamp to play that moment.

Welcome back.

Apple does it again.

First came music and TV shows.

And today, the tech giant unveiled

its long-awaited movie service on iTunes.

It allows customers buy movies from the Disney Studios

for between $9.99 and $14.99 apiece.

Apple also today introduced a new iPod, Nano,

which is expected to retail for between $149 and $249.

Take a look at Apple stock today.

We had a pretty good day for technology.

Apple included up 24 cents, one third of 1%.

Over the past year, it is up more than 40%.

Take a look at that chart.

The products mark Apple's latest salvo

in the battle for your living room.

Same to see Silicon Valley reporter,

Jim Goldman with more in San Francisco.

Jim?

Hey, Maria, good evening to you.

Yeah, indeed, Apple unveils a complete redesign

of the iPod and stakes its claim in digital entertainment,

a very big deal for the company.

In fact, Apple is showing off a new line of colorful nanos,

Thinner, more storage, and cheaper.

The company also showing an almost microscopic new iPod shuffle

that will retail for $79 when it becomes available next month.

Apple is selling $60 million iPods since 2001,

generating $12 billion in revenue so far.

And while analysts say sales appear to be slowing,

Steve Jobs tells me in an exclusive interview

that sales are as robust as ever, and he's optimistic.

We're really happy with our iPod sales.

I mean, you know, iPod sales are seasonal, so we're going into the holiday quarter, which is, for the last two years, been our biggest quarter.

And so, you know, we have good expectations for how many iPods we're going to sell next quarter, but we're in uncharted territory.

I mean, we've never sold this many of anything before.

And so we're learning as we go, but so far we're pretty happy.

Well, cue those famous San Francisco sirens as I tell you that Apple also unveiled its long-awaited download movie service,

starting with 75 feature films from Disney and all of its major studios.

Downloaded video, a big deal for Apple.

45 million TV show downloads in less than a year, and Apple sees movie downloads as certainly the next big thing.

Apple also showing off something called iTV today, a way to wirelessly transmit music TV shows,

and again now movies from your PC directly to your television.

The $299 box available early next year,

what Jobs calls the last major piece of Apple's digital puzzle.

Jobs also addressing today the stock options backdating scandal

for the first time publicly,

forcing Apple to restate its earnings going back to 2001,

denying again for the very first time today

that the company faces any other investigations

other than its own internal probe.

We're mostly focused on our own house right now.

And we're not under investigation by the SEC or anyone else.

But we did discover, with all the press around this,

we started our own investigation.

And we did discover some irregularities.

And we're letting that investigation have its due course.

And it will be completed in the not terribly distant future.

So we're not really talking about it

until that investigation is done, just to give them

benefit of doing a completely independent investigation.

All of the new products that Apple announced will be available today, save for that shuffle

which will be available next month just in time for the all-important holiday shopping

season.

That new wireless television device that really is generating quite a bit of buzz

around here should be available sometime during the first quarter of 2007.

Maria, back to you.

All right, Jim.