Speaker 1: This is Cena and here are the stories that matter right now. Apple made history on Sunday night when its film Coda won the Oscar for best picture, the company, notably beat Netflix and winning the coveted prize. Despite the fact that Netflix has been around longer and has been eyeing best picture for years, apple TV plus has been around for less than years and is still finding footing in the crowded streaming space. But now it has a big win to help it get a leg up over its competitors. In other Oscars [00:00:30] news actor will Smith walked on stage and slapped Chris rock after the comedian made a joke about Smith's wife, but the Los Angeles police department said rock won't press charges against the actor. Slap happened after rock made a joke about Jada Pinkett Smith starring in a new GI Jane movie because of her shaved head Pinkett Smith has a condition called alopecia, which causes hair loss. And finally, apple is reportedly cutting production of its new iPhone. Se the tech giant has told suppliers to scale back production by [00:01:00] two to 3 million unit it's or about 20% for the upcoming quarter. The decision is due to lower than expected demand, possible reasons for this could be the war in Ukraine and inflation, apple unveiled the new iPhone se earlier this month as an update to the 2020 model,
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