Tue. 01/08 - Smartphone Recession?
Tech Brew Ride Home
Amalgamated Internets, LLC
4.7 • 1K Ratings
🗓️ 8 January 2019
⏱️ 20 minutes
🧾️ Download 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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