Who Makes The Elevators Americans Ride Every Day?
Elevator giant Otis makes most of its profits from servicing elevators, not building new ones. The business hinges on long-term stability, but its stock has
Elevator giant Otis makes most of its profits from servicing elevators, not building new ones. The business hinges on long-term stability, but its stock has fallen over the past year due to setbacks in its service business and investors chasing the AI trade. Watch the video to learn more about how the company is trying to win back Wall Street. Chapters 0:00 Introduction 1:40 Chapter 1: Urbanization 3:28 Chapter 2: The service engine 7:12 Chapter 3: Business in China 9:22 Chapter 4: The competitive landscape Produced and Shot by: Ryan Baker Camera by: Natalie Rice, Darren Geeter Edited by: Darren Geeter Animation by: Jason Reginato, Emily Park Additional Editing: Jason Reginato, Devan Burris Senior Managing Producer: Tala Hadavi Senior Director of Video: Lindsey Jacobson Additional Footage: Getty Images, Otis » Subscribe to CNBC » Subscribe to CNBC TV About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered.
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