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Motley Fool Hidden Gems Investing

Apple’s Concession, Peloton’s Stumble, and Real Estate’s Future

Motley Fool Hidden Gems Investing

The Motley Fool

Investing, Business

4.33.1K Ratings

🗓️ 27 August 2021

⏱️ 39 minutes

🧾️ Download transcript

Summary

Apple loosens its rules for app developers. Peloton stumbles on slowing growth. Best Buy and Williams-Sonoma report big earnings. And Dick’s Sporting Goods hits a new high. Motley Fool analysts Emily Flippen and Jason Moser discuss those stories and weigh in on the latest from Autodesk, Bill.com, and Elastic. Plus, they share two stocks on their radar: Traeger and The Glimpse Group. Plus, Matt Argersinger, lead advisor of Millionacres, a Motley Fool investing service, discusses red-hot REITs, Amazon’s department stores, and the impacts of COVID-19 on commercial real estate.     Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Everybody needs money. That's why they call it money.

0:07.0

From full global headquarters, this is Motley Fool Money.

0:10.0

It's the Motley Fool Money radio show. I'm Chris Hill joining me this week,

0:22.0

Senior Analyst Emily Flippen and Jason Moser. Good to see you both.

0:26.0

Hey, hey, hey. We've got the latest headlines from Wall Street. We'll talk real estate investing

0:31.0

with Matt Argusinger and as always, we've got a couple of stocks on our radar.

0:35.0

But we begin this week with Apple's App Store. Apple has struck a deal that will allow

0:40.0

some app developers to collect payments outside of its app store.

0:45.0

Some are seeing this as a major concession on Apple's part related to antitrust concerns

0:51.0

while some in the app community are saying the move does not go far enough.

0:56.0

Jason, Apple makes a lot of money through that app store. How do you see this?

1:02.0

They do make a lot of money through that app store. We'll talk about that.

1:06.0

I'm not surprised by this move. I think I tend to fall into the ladder camp there

1:15.0

and then maybe it's not really from a developer's perspective. It probably doesn't feel like enough.

1:19.0

To me, this really does feel like optics more than anything else.

1:23.0

I don't actually blame Apple for that. It's just where this company is at this point.

1:28.0

They have to be very sensitive to the fact that they are under the microscope in regard to antitrust

1:34.0

and for understandable reasons. I think, we look at the numbers.

1:39.0

We're talking about a company here that does $350 billion in sales and growing.

1:44.0

There are estimates out there that the app store grossed anywhere from $60 to $70 billion in revenue in 2020.

1:52.0

It continues to grow. It's fairly modest rate.

1:55.0

Those estimates were somewhere in the neighborhood of $50 billion in 2019.

...

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