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Equity

Equity Monday: Have we reached peak smartphone?

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2372 Ratings

🗓️ 7 August 2023

⏱️ 9 minutes

🧾️ Download transcript

Summary

Here’s the rundown from this morning, which saw Alex catching up from a few days off last week: Earnings season is slowing down, while global stocks slip to start the week. Crypto is not doing too much to start the week, but do recall that Coinbase earnings came last week. Peak smartphone? In the wake of Apple earnings, questions linger regarding just what is ahead for smartphones and what could get that market moving again. Thankfully for Apple shareholders, the company has done yeoman’s work to build out a services and subscription business. Enough to compensate? Perhaps. A controversial privacy-Internet law in India passed. Triller’s IPO is going to be fun, though your humble podcast team have yet to fully dive into it. And, finally, how do you get a shareholder off your cap table while respecting their upside? Like this! We may be deep in Disrupt prep, but the show continues! We’ll see you Wednesday (and on day one, when Equity will kick off our major event in San Francisco)! For episode transcripts and more, head to Equity’s Simplecast website. Equity drops at 7 a.m. PT every Monday, Wednesday and Friday, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts. TechCrunch also has a great show on crypto, a show that interviews founders and more! Credits: Equity is produced by Theresa Loconsolo with editing by Kell. Bryce Durbin is our Illustrator. We'd also like to thank the audience development team and Henry Pickavet, who manages TechCrunch audio products. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hello and welcome back to Equity, the Tech Ranch Podcast, where we unpacked the numbers and nuance behind the headlines.

0:18.0

This is Alex, good morning and happy Monday. I was off the back half of last week and that means that I am getting caught up and I am here to catch you up as well.

0:27.0

Today is August 7th, 2023 and on today's show we are talking about stocks, upcoming earnings, and what has changed or not in the

0:36.1

crypto market.

0:37.1

Then are we really reaching peak smartphone, an Indian internet law, one IPO, and big moves in pay-tiam's ownership.

0:44.7

It's going to be great. Let's go.

0:49.2

Starting off as we always do with a look at the world of money and that means stocks.

0:54.8

Shares are largely lower in Asia this morning.

0:57.4

Please keep an eye later this week on Chinese inflation data as deflation concerns continue to hover over the critical economy.

1:05.0

In Europe, shares are lower this morning and here in the US stocks are set to open.

1:09.6

Well, I'm sorry to say it, but lower.

1:12.1

Earnings this week, quite a lot slower than what we saw last week, but still some big names.

1:16.5

I am looking forward to numbers from Palantier and Twillio, toast, Apploven, Robin, Rob Roadblocks, and Alibaba.

1:24.0

We are of course getting close to the end of the major earnings period,

1:28.0

but that doesn't mean that all the big names are behind us.

1:30.0

A couple weeks out, we have Cisco and Zoom, Snowflake, and

1:34.4

NVIDIA. And then there was crypto. If you listen to the show last Friday you may have

1:39.6

noticed that I wasn't on it because I was off in Oregon and we had Jackie Melanix interview with

1:44.7

Ripple on the pod. Well if you liked crypto here's a little bit more. By the way it's like I never

1:49.6

left. Bitcoin is still at around 28,,000 per and East is still around the $1,800 mark.

1:56.5

Still quite a lot to look at I am tracking the circulating supply of the USDC

2:01.8

stable coin and what is going on with the other major

...

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