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Tech Brew Ride Home

Thu. 01/26 – Where Is The Line Going For Tech Right Now?

Tech Brew Ride Home

Amalgamated Internets, LLC

Tech News, News, Technology

4.71K Ratings

🗓️ 26 January 2023

⏱️ 19 minutes

🧾️ Download transcript

Summary

I get all metaphysical about where the tech industry is going right now with a record slowdown in smartphone shipments, Masa Son seemingly misplacing his investing shoes, Meta and Buzzfeed joining forces to stave off irrelevancy, and universities offering degrees in AI for the first time. Oh, and are you SURE you want to spin up that Mastadon server? Sponsors: Instafloss.com (Listener!) RocketMoney.com/ride Links: Smartphone Shipments Suffer the Largest-Ever Decline with 18.3% Drop in the Holiday Quarter and a 11.3% Decline in 2022, According to IDC Tracker (IDC) SoftBank Deals Hit Record Low, Sapping Funding for Startups (Bloomberg) Meta Pays BuzzFeed Millions to Generate Creator Content for Facebook and Instagram (WSJ) University of Texas Will Offer Large-Scale Online Master’s Degree in A.I. (NYTimes) We tried to run a social media site and it was awful (Financial Times) RSVP For The Listener Meetup! Buy Tickets for the Comedy Show! 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 Thursday, January 26,

0:07.1

2023. I'm Brian McCullough. Today I get all metaphysical

0:10.9

about where the tech industry is going right now with a record

0:14.3

slowdown in smartphone shipments, Masa Sansa saun seemingly misplacing his investing shoes,

0:19.5

Meta and Busvie joining forces to stave off irrelevancy and universities offering degrees in AI for the first time.

0:26.0

Oh, and are you sure you want to spin up that Mastodon server?

0:30.0

Here's what you missed today in the world of Tech.

0:35.0

Maybe it's because the five-year anniversary of this show is coming up soon,

0:40.0

and I've been reflecting on how different covering the tech industry is all of the sudden, how much different it is even from 18 months ago. We've discussed this ad nauseum, I know, but the whole conceit of covering tech as an industry conquering all before it

0:54.7

eating the world as it were seems to be on pause indefinitely at least broader

0:59.4

recession or not it's unmistakable that tech as an industry or at least as a vibe is in

1:04.7

recession data point number whatever. What led to the decade-long tech bull

1:11.2

market that we just recently left indisputably I would say it was the move

1:16.2

to mobile and cloud computing. Well, worldwide smartphone shipments declined 18.3% year over year to just 300 million units in

1:26.4

Q4 of last year, the largest ever drop in a single quarter. Again, largest drop ever seen.

1:33.9

Apple dropped 14.9%, Samsung, 15.6% and Jowme 26% and Jowme 26.3%.

1:40.2

Quoting I.

1:41.2

We have never seen shipments in the holiday quarter come in lower than the previous quarter.

1:47.0

However, we can demand and high inventory cause vendors to cut back drastically on shipments,

1:52.0

said Nabila Popal, research director with IDC's

1:55.2

worldwide tracker team.

1:57.1

Heavy sales and promotions during the quarter helped deplete existing inventory rather than

...

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