The Company Turning Up the Heat in the Air Conditioning Industry
Business Wars Daily
Audible
4.6 • 717 Ratings
🗓️ 30 June 2023
⏱️ 6 minutes
🧾️ Download transcript
Summary
Today is Friday, June 30, and we're looking at Midea America vs. GE.
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Transcript
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| 0:00.0 | Wonderly Plus subscribers can listen to Business Wars daily ad-free right now. |
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| 0:49.2 | One, three. |
| 1:07.3 | The From Wondry, I'm David Brown, and this is Business Wars Daily on this June 30th. |
| 1:08.4 | Happy Friday, everybody. |
| 1:12.5 | Summer's in full swing, and in many areas of the U.S., that means it's getting hot, which also means, of course, that air conditioners are working overtime. These days, |
| 1:18.3 | most newly built homes in the U.S., especially those in hotter areas, come equipped with central air. |
| 1:23.8 | But of all the homes in the U.S. that have air conditioning, roughly 20% of them rely on individual sources of AC. |
| 1:31.0 | Yep, I'm talking about good old-fashioned window units. In the Northeast U.S., around 60% of homes rely on individual units for either their primary or secondary source of AC. |
| 1:41.6 | In places like New York City, home to older buildings, of course, that percentage |
| 1:45.8 | jumps to around 80. In those parts of the country, dusting off the window unit is something of a summer |
| 1:51.4 | ritual, and for decades those units have looked roughly the same. Big, bulky boxes that need to be |
| 1:57.7 | bolted to sills with a high risk of falling out of windows or |
... |
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