Microsoft’s New Phone is Ready
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 12 August 2020
⏱️ 18 minutes
🧾️ Download transcript
Summary
Tencent’s gaming division boosts 2nd-quarter results. Same-store sales at Chili’s help Brinker International’s 4th quarter come in better than expected. Microsoft announces a launch date (Sept. 10th) and a price ($1400!) for its new Surface Duo phone. Dan Kline analyzes those stories, and we share a few thoughts on the incredible life of Sumner Redstone.
Transcript
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| 0:00.0 | It's Wednesday, August 12th. |
| 0:04.0 | Welcome to Market Foolery. |
| 0:05.0 | I'm Chris Hill with me today. |
| 0:07.0 | Our man in Florida, Dan Klein. |
| 0:09.0 | Good to see you. |
| 0:10.0 | Hey there, Chris, nice to see you. |
| 0:11.0 | We've got the latest on Microsoft's new phone. We've got some parting |
| 0:15.7 | thoughts on the late Sumner Redstone, but we're going to start with earnings from 10 cent. The Chinese |
| 0:21.6 | conglomerate out with strong second quarter results |
| 0:24.2 | profits and revenue both higher than expected and I guess we shouldn't be |
| 0:28.5 | surprised that ten cents online gaming division up big they grew 40% year over year. |
| 0:35.1 | There are a lot of people stuck at home |
| 0:36.9 | looking for things to do and that benefited 10 cent. |
| 0:40.2 | Their overall earnings were up 30% the fastest growth since the second quarter of 2018 |
| 0:46.8 | but their online gaming revenue was up 40% year over year and that drives once they have your information that drives all their |
| 0:55.3 | other businesses so yeah the growth number is stellar right now but the long-term |
| 1:00.4 | potential for this what this means going forward is really positive for the company. |
| 1:06.7 | This is obviously an enormous company and when people, we get this question all the time, when people are thinking about investing in companies in China |
| 1:16.7 | Alibaba and Tencent are I would say two of the top five most commonly mentioned names when people are asking about |
| 1:26.1 | this. I don't own shares of 10 cents. I don't know if you do. This is a stock that's up 60% over the last year. I mean, assume all the caveats that come |
| 1:40.2 | with investing in a company in China and they don't have the SEC like we do here in the |
| 1:47.5 | states so there are always going to be questions about the accounting but just from a business standpoint, they really seem well diversified. |
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