Caroline Hyde

taking a walk and you have turn-by-turn directions on, instead of it telling you, make a right in 450 feet, it might say, make a right at the gray building because it sees your surroundings, or make a right past the white car.

AirPods with cameras, very similar AI functionality without the media capture functionality.

built into the earbuds that you know people already know and love and then the pendant that's really an alternative product that is an accessory for the phone your eyes and ears for the phone for ai in a sense similar functionality to the glasses and the airpods but not everyone wants to wear smart glasses and so if apple wants to provide that eyes and ears to the world it's going to need some of their product and that's what the pendant's for

People aren't going to have AirPods in their ears at all times.

People aren't going to want to put glasses on their face in all cases, especially if they don't have vision correction needs.

So you need some sort of pin or necklace.

So that's what they're developing as well.

Just 15 seconds, Mark, literally.

But do these come this year?

When do they get released?

I would expect the glasses and the pendant to be released next year and the AirPods as early as this year.

Bloomberg's Mark Gurman, who leads all our consumer tech coverage.

Thank you very much.

There's some interesting stuff going on in private markets.

And actually, the team at Bloomberg News do a really good job at going into those markets, looking at the documents, and finding out stuff that actually all markets want to know.

Sally Bakewell leads our finance team.

And in this case, the reporting is about what we know from sources, from some of those private names in software who are coming to us a little bit earlier than normal

and saying, here's what's under the hood.

Here's what we're learning.

Just explain the reporting to us.