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Tech Brew Ride Home

Tue. 01/08 - Smartphone Recession?

Tech Brew Ride Home

Amalgamated Internets, LLC

Tech News, News, Technology

4.71K Ratings

🗓️ 8 January 2019

⏱️ 20 minutes

🧾️ Download transcript

Summary

Are we in a smartphone recession, mooooaaaar tv new from CES, AT&T wants to make 5G confusing, and why WeWork is now, simply, We (company). Sponsors: Metalab.co go.bitrise.io/ride Links: Sorry, Samsung. Seems nobody is immune to peak smartphone (The Register) Apple’s Errors (Stratechery) Sony doubles down on 8K TVs and the entertainment to play on them (VentureBeat) AT&T decides 4G is now “5G,” starts issuing icon-changing software updates (ArsTechnica) Uber’s Confidential Documents Show Path to $90 Billion IPO (The Information) Exclusive: WeWork rebrands to The We Company; CEO Neumann talks about revised SoftBank round (Fast Company) Amazon's new ad strategy: Free samples based on what it knows about you (Axios) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Welcome to the Tech Meme Ride Home for Tuesday, January 8th, 2019.

0:09.3

I'm Brian McCullough today.

0:11.6

Are we in a smartphone recession? More TV news from CES. AT&T wants to make 5G

0:18.6

confusing and why we work is now simply we. Here's what you miss today in the world of tech.

0:28.7

This won't get half the attention that Apple's recent revenue forecast warning got but Samsung is itself

0:35.6

forecasting a decline in Q4 operating profits to around 9.65 billion dollars

0:41.0

which is below analyst estimates of $12.4 billion.

0:45.0

Samsung says this is due to weak memory chip demand and competition in smartphones.

0:50.0

Or as the register put it, sorry Samsung, it seems like peak smart phones. Or as the Register put it, sorry Samsung, it seems like Peak

0:54.7

smartphone is here and no one is immune to the industry's first ever

0:58.1

recession. Now another reason that this won't make as many headlines is that device makers in the

1:04.2

Android ecosystem do tend to swing wildly between periods of profitability and the

1:09.4

opposite and Samsung's share of profits in the smartphone industry actually peaked years ago.

1:15.0

But that points to the other thing.

1:18.0

Samsung is more diversified.

1:19.0

Its direct exposure to smartphones as its core business is not as intense.

1:24.0

Apple's problem is the iPhone is so much of everything to their business.

1:30.0

And I do want to come back to that, but first to point out what I just said that Samsung has a ton of other business lines,

1:36.0

a smattering of Samsung headlines from CES.

1:39.0

Samsung says Google is bringing some of its services to Bixby,

1:44.3

Samsung's horse in the personal assistant race.

1:48.0

Those Google services that are coming to Bixby reportedly include

...

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