Source: Engadget | 'Tetris Royale' brings massive battles to phones worldwide
A new study out of NPD confirms what we already know about the state of the smartphone in 2019. People just aren’t upgrading as frequently. You can see the ramifications of this as companies like Apple and Google scramble to right the ship. Still, it’s nice to put some numbers to the abstract trend.
The analyst firm conducted a study of 3,650 U.S, based cellphone users earlier this year and found that a quarter held onto their previous device for more than three years. That represents an 18 percent increase from two years prior. Twenty-nine percent, meanwhile, have had their current device for two or more years.
Upgrade cycles have slowed, and you can thank higher prices, fewer exciting features and, frankly, better devices for that. In that last sense, at least, smartphone manufactures have kind of painted themselves into a corner on this one. Companies were surely aware that the whole thing was going to plateau and decline eventually, though many have been seemingly caught off-guard by how quickly and severely it has happened.
5G is a bright spot, of course. NPD says ~2/3rds of consumers are aware of the technology (a number that has almost certainly increased since the second half of last year, when the number was collected), and around one-third are “interested” in purchasing such a device. Promising, but I’m also “interested” in purchasing a major league baseball team, so maybe take that bit with a grain or two of salt.
We’re seeing the first few handsets trickle through from companies like Samsung, LG and Motorola, along with some spotty coverage around the U.S. Of course, that’s going to have to be much more ubiquitous before the technology becomes a tangible driver of new handset adoption.
5G is certainly destined to be the next major driving feature in the category — particularly with foldables currently in a somewhat depressing state of limbo. But if company are hoping it will turn around their fortunes entirely, I’ve got some of Trump’s 6G spectrum to sell them.
Source: Tech Crunch Mobiles | Smartphone users are upgrading less frequently — will 5G help?
Source: Engadget | Apple will reportedly manufacture its ,000 Mac Pro in China
Source: Engadget | Apple will be fine without Jony Ive
Government hackers reportedly broke into Russian search company Yandex
June 28, 2019
Source: Engadget | Government hackers reportedly broke into Russian search company Yandex
Source: Engadget | The best 2-in-1 tablets for 2019
Source: Engadget | Jony Ive helped make Apple what it is today
The following local government unit has canceled classes and operations for Saturday, June 29, 2019, due to expected heavy rains.
Source: GMA News Lifestyle | Class cancellations for Saturday, June 29, 2019
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines.
Our esteemed co-host Alex Wilhelm was out again this week, but Kate Clark was in the studio with the lovely TechCrunch editor Connie Loizos and Canvas Ventures’ general partner Rebecca Lynn. The wonderful Chris Gates is on vacation this week, so TechCrunch’s Megan Rose Dickey sat in the producer’s chair. That made this episode extra special, as it was our first all-female group on the mics and behind the scenes.
First on the docket was news from StockX and Cameo. The buzzy startups both raised big rounds this week. The former, a sneaker resale marketplace, closed on $110 million at a $1 billion valuation, while the latter attracted $50 million at a reported $300 million valuation. Rebecca shared her thoughts on the rise of influencer marketing and how its made way for the success of mobile apps and websites like Cameo, which caters to celebrities and influencers.
Next up was Brandless. The direct-to-consumer business made headlines this week after a report from The Information outlined internal drama following a big investment from SoftBank in 2018. Amid the turmoil, detailed here and here, the business brought on a brand-new CEO, former Walmart chief operating officer John Rittenhouse. Whether he can meet SoftBank’s steep demands remains to be seen. The whole thing leaves us wondering: Do any of SoftBank’s portfolio companies regret taking the firm’s money?
Finally, we talked about WeWork’s latest acquisition. The co-working giant bought Waltz, a smartphone app and reader that allows users to enter different properties with a single credential. The deal will make it easier for WeWork’s enterprise clients, such as GE Healthcare and Microsoft, to manage their employees’ on-demand memberships to WeWork spaces. WeWork has been quite acquisitive in 2019. Will its M&A activity help it prepare for an IPO? And why the hell does it still have an all-male board? We have more questions than answers.
That’s all for now. See you next week.
Equity drops every Friday at 6:00 am PT, so subscribe to us on Apple Podcasts, Overcast, Pocket Casts, Downcast and all the casts.
Source: Tech Crunch Startups | SoftBank-backed startup cracks under pressure to scale
Genoa bridge demolished in dramatic explosion, 10 months after lethal collapse – CNN International
June 28, 2019Genoa bridge demolished in dramatic explosion, 10 months after lethal collapse CNN International
The remains of Genoa’s Morandi Bridge were blown up in a controlled explosion on Friday, nearly a year after the structure collapsed in a disaster that killed 43 …
View full coverage on Google News
Source: Google News | Genoa bridge demolished in dramatic explosion, 10 months after lethal collapse – CNN International