This week the guys pile on Samsung a little more as profits fall to their lowest levels in two years! Samsung’s mobile division just reported Q3 2016 profits of “only” $87.8 million – which sounds like quite a lot. It is – however – a 96% decline from last year’s Q3 profits. So… ouch? Samsung is hoping to rebound next year with the rumored Galaxy S8. Will it be enough to make up for Samsung’s recent woes?
And while Samsung’s been having a rough few months Alphabet has been rolling in the dough. They reported revenues of $22.4 billion – a 20% increase year-over-year which is huge for a company their size. Their core business (search) was up quite a bit more than their “other bets” which saw a segment operating loss of $865 million. Interestingly, the Google Play Store increased revenue by 39% to $2.4 billion. That’s a lot of app & media sales. Overall, Alphabet has $83 billion in cash & equivalents on hand, and could write a check for Time Warner if they wanted.
There was a little announcement from Cupertino this past week; new MacBook Pros were announced which normally would be a great thing. There wasn’t any love for the iMac, the Mac Mini, or the Mac Pro at this announcement. The rub is – and Jeff has some great points – these new MacBook Pros are a bit of a mixed bag for consumers. They’re very expensive and while they do pack in some nice, new technology and features, they also take away a lot of what makes them “Pro-level” machines; namely connections and ports to the device itself.
What we love:
Jacob loves his Light-O-Rama PixCon 16 light controller: http://www1.lightorama.com/pixcon16/ – if you’re interested in learning some more of the nitty-gritty of large Christmas light displays; check out Episode 11 with guest Richard Holdman.
Todd loves Joe Sheehan’s Baseball Newsletter: http://joesheehan.com/
Jeff loves his Special Edition XBOX One Skyrim: http://amzn.to/2fn6SbA