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Tech Brew Ride Home

Mon. 08/28 – The Tech IPO Is Back?

Tech Brew Ride Home

Amalgamated Internets, LLC

Tech News, News, Technology

4.71K Ratings

🗓️ 28 August 2023

⏱️ 19 minutes

🧾️ Download transcript

Summary

Apple looks to refresh the iPad to reinvigorate sales. Huge network crash is grounding planes in the UK. Some tentative sign that the Tech IPO window might be creaking open. Do you need a 100 year domain renewal? And the Silicon Valley bigwigs who are investing big money to build a new Bay Area city from scratch. Links: Apple Bets on Revamped iPad Pro to Reignite Sluggish Tablet Sales (Bloomberg) China’s BYD to Pay $2.2B to Expand Business With Apple (The Information) UK air traffic control hit by network-wide failure (The Guardian) Klaviyo files to go public in latest sign of life for IPO market (CNBC) WordPress Announces 100-Year Domain Name Registrations (Search Engine Journal) The Silicon Valley Elite Who Want to Build a City From Scratch (NYTimes) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Welcome to the Tech Meme Right Home for Monday, August 28th, 2023.

0:07.4

I'm Brian McCullough today.

0:08.6

Apple looks to refresh the iPad line to invigorate sales. Huge network crashes grounding planes in the UK, some

0:16.0

tentative signs that the tech IPO window might be creaking open. Can I introduce

0:20.5

you in a 100-year domain renewal and the Silicon Valley Big Wigs who are investing

0:25.4

big money to build a new Bay Area city from scratch?

0:29.1

Here's what you miss today in the world of Tech. I don't remember how much I highlighted this in the last Apple

0:37.2

earnings report report but in a period where basically all of their hardware

0:42.0

sales have been down, the real outlier for

0:45.4

Apple was the iPad.

0:47.8

So Mark Germin says that for 2024, Apple is planning the iPad Pro's first major upgrade since 2018 featuring a new

0:56.8

M3 chip and oled screen and a magic keyboard with a larger trackpad quoting

1:01.8

German in Bloomberg. The product was once seen as a

1:04.9

potential successor to the Mac, but now the iPad generates the least amount of

1:09.4

revenue among Apple's major segments. This past quarter, sales slipped to the lowest level

1:14.7

since the cusp of the pandemic in early 2020.

1:17.9

And it's not just a revenue problem.

1:20.1

Apple's unit shipments decline 17% in the second quarter according to data from I.

1:25.2

On its most recent earnings call, the company blamed a tough comparison with last year

1:29.6

when it rolled out a new iPad air.

1:32.6

But there's clearly a broader problem.

1:35.0

Like desktops and laptops, tablet sales have slumped since a pandemic fueled surge.

...

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