WEBVTT - Samsung Overtakes Apple in the Smartphone Race

0:00:01.240 --> 0:00:02.000
<v Speaker 1>Earners. What's up.

0:00:02.080 --> 0:00:04.560
<v Speaker 2>You ever walk into a small business and everything just

0:00:04.720 --> 0:00:07.880
<v Speaker 2>works like The checkout is fast, the receipts are digital,

0:00:08.400 --> 0:00:11.399
<v Speaker 2>tipping is a breeze, and you're out the door before

0:00:11.400 --> 0:00:15.560
<v Speaker 2>the line even builds. Odds are they're using Square. We

0:00:15.720 --> 0:00:18.280
<v Speaker 2>love supporting businesses that run on Square because it just

0:00:18.280 --> 0:00:21.520
<v Speaker 2>feels seamless. Whether it's a local coffee shop, a vendor

0:00:21.560 --> 0:00:23.840
<v Speaker 2>at a pop up market, or even one of our

0:00:23.880 --> 0:00:27.560
<v Speaker 2>merch partners, Square makes it easy for them to take payments,

0:00:27.760 --> 0:00:31.480
<v Speaker 2>manage inventory, and run their business with confidence, all from

0:00:31.600 --> 0:00:35.000
<v Speaker 2>one simple system. If you're a business owner or even

0:00:35.080 --> 0:00:38.600
<v Speaker 2>just thinking about launching something soon, Square is hands down

0:00:38.640 --> 0:00:41.680
<v Speaker 2>one of the best tools out there to help you start, run,

0:00:41.920 --> 0:00:45.240
<v Speaker 2>and grow. It's not just about payments, it's about giving

0:00:45.240 --> 0:00:47.519
<v Speaker 2>you time back so you can focus.

0:00:47.159 --> 0:00:48.760
<v Speaker 1>On what matters most Ready.

0:00:48.760 --> 0:00:52.159
<v Speaker 2>To see how Square can transform your business, visit Square

0:00:52.240 --> 0:00:56.760
<v Speaker 2>dot com backslash go backslash eyl to learn more that

0:00:56.960 --> 0:01:02.400
<v Speaker 2>Square dot com backslash, go backslash eyl. Don't wait, don't hesitate.

0:01:02.520 --> 0:01:04.880
<v Speaker 2>Let's Square handle the back end so you can keep

0:01:04.920 --> 0:01:11.000
<v Speaker 2>pushing your vision forward. This episode is brought to you

0:01:11.040 --> 0:01:13.320
<v Speaker 2>by P and C Bank, a lot of people think

0:01:13.360 --> 0:01:17.240
<v Speaker 2>podcasts about work are boring, and sure they definitely can be,

0:01:17.760 --> 0:01:21.000
<v Speaker 2>but understanding of professional's routine shows us how they achieve

0:01:21.080 --> 0:01:25.280
<v Speaker 2>their success little by little, day after day. It's like

0:01:25.360 --> 0:01:28.160
<v Speaker 2>banking with P and C Bank. It might seem boring

0:01:28.160 --> 0:01:31.080
<v Speaker 2>to save, plan and make calculated decisions with your bank,

0:01:31.440 --> 0:01:33.920
<v Speaker 2>but keeping your money boring is what helps you live

0:01:34.080 --> 0:01:38.080
<v Speaker 2>or more happily fulfilled life. P and C Bank Brilliantly

0:01:38.160 --> 0:01:42.720
<v Speaker 2>Boring since eighteen sixty five. Brilliantly Boring since eighteen sixty

0:01:42.720 --> 0:01:46.000
<v Speaker 2>five is a service mark of the PNC Financial Service Group, Inc.

0:01:46.480 --> 0:01:49.840
<v Speaker 2>P and C Bank National Association Member FDIC.

0:01:51.840 --> 0:01:57.560
<v Speaker 3>So Samsung yep overtakes Apple right as the world's top

0:01:57.680 --> 0:02:01.720
<v Speaker 3>smartphone provider and uh Chinese.

0:02:01.280 --> 0:02:05.760
<v Speaker 2>Rivals You got to you got to companies wild Way

0:02:05.920 --> 0:02:06.520
<v Speaker 2>and show.

0:02:06.360 --> 0:02:07.640
<v Speaker 1>Me Show Me.

0:02:07.680 --> 0:02:11.000
<v Speaker 4>Okay, gotcha show me, But it has an exit spelled

0:02:11.000 --> 0:02:12.480
<v Speaker 4>to exit x I.

0:02:14.240 --> 0:02:14.959
<v Speaker 1>Oh am I.

0:02:15.040 --> 0:02:17.720
<v Speaker 3>So those two companies are the third and fourth largest

0:02:17.720 --> 0:02:23.360
<v Speaker 3>smart smartphone providers in the world, respectfully, and they're taking

0:02:23.400 --> 0:02:26.640
<v Speaker 3>market share. So you know, Apple has been on and

0:02:26.680 --> 0:02:33.440
<v Speaker 3>down with trajectory for about a year now, and you know,

0:02:33.480 --> 0:02:36.160
<v Speaker 3>it's been a lot of bad news and this was

0:02:36.200 --> 0:02:39.960
<v Speaker 3>the most recent conversation as far as smart Samsung taking

0:02:40.000 --> 0:02:45.280
<v Speaker 3>over them as a number one provider in the smartphone world.

0:02:45.360 --> 0:02:48.800
<v Speaker 3>So what's what's the thoughts on this news.

0:02:49.160 --> 0:02:50.519
<v Speaker 4>I wanted to do like I did a couple of

0:02:50.560 --> 0:02:52.160
<v Speaker 4>years ago when I had that breakup, come in and

0:02:52.160 --> 0:02:53.440
<v Speaker 4>I talked about it, but I kind.

0:02:53.280 --> 0:02:57.560
<v Speaker 1>Of got to addressed this. They'act like everything's fine this

0:02:57.680 --> 0:03:02.200
<v Speaker 1>time around, you know. So with that being a couple

0:03:02.200 --> 0:03:03.120
<v Speaker 1>of things they.

0:03:04.720 --> 0:03:08.760
<v Speaker 4>I get really worried when someone is in the leadership

0:03:08.760 --> 0:03:12.240
<v Speaker 4>spot of being number one and then they get complacent. Apple,

0:03:12.320 --> 0:03:15.480
<v Speaker 4>please reach out to us asap. I got a few ideas.

0:03:15.520 --> 0:03:17.240
<v Speaker 4>I know some of y'all like, whatever idea you have.

0:03:17.320 --> 0:03:19.680
<v Speaker 4>Android has got a couple of tricks up my sleeve.

0:03:20.320 --> 0:03:23.359
<v Speaker 4>Number two, they need to find a smaller player to acquire.

0:03:24.000 --> 0:03:26.120
<v Speaker 4>I keep saying that I think they should acquire Dji

0:03:26.240 --> 0:03:29.200
<v Speaker 4>a couple of years ago. But if they do not

0:03:29.280 --> 0:03:31.280
<v Speaker 4>get a strangle hold on this over the next couple

0:03:31.320 --> 0:03:33.920
<v Speaker 4>of years as the market is shifting, We'll talk about

0:03:34.360 --> 0:03:35.600
<v Speaker 4>red Lobster later.

0:03:36.600 --> 0:03:39.040
<v Speaker 1>I followed for bankruptcy. Shot to this biscuits.

0:03:39.120 --> 0:03:44.160
<v Speaker 4>Though, I get worried when we have a cyclical change

0:03:44.360 --> 0:03:50.000
<v Speaker 4>and a product leader falls out of favor because if Samsung,

0:03:50.800 --> 0:03:53.520
<v Speaker 4>I mean they got the six point four billion from Biden,

0:03:54.000 --> 0:03:55.640
<v Speaker 4>that helps a hell of a lot. That kind of

0:03:55.680 --> 0:03:59.760
<v Speaker 4>broke my heart. They need some innovations over the next year.

0:04:00.240 --> 0:04:03.040
<v Speaker 4>If our Apple I was shut almost every other project

0:04:03.080 --> 0:04:06.720
<v Speaker 4>down and figure out ways to make that phone better,

0:04:06.760 --> 0:04:10.760
<v Speaker 4>because they've really been reselling this phone for nine years now.

0:04:11.360 --> 0:04:13.560
<v Speaker 4>iOS has been great, but the features on it are

0:04:13.560 --> 0:04:17.640
<v Speaker 4>not better. And I think it's time that as investors

0:04:17.640 --> 0:04:20.600
<v Speaker 4>we have an open outcry to the investor relations team

0:04:20.600 --> 0:04:23.039
<v Speaker 4>and say, hey, guys, gotta fix the shit or you're

0:04:23.040 --> 0:04:24.760
<v Speaker 4>going to end up losing your market share. You may

0:04:24.800 --> 0:04:26.640
<v Speaker 4>not ever be able to get it back. For those

0:04:26.640 --> 0:04:29.440
<v Speaker 4>of you who are saying, hey, you worry too much,

0:04:29.520 --> 0:04:32.239
<v Speaker 4>You fear monger too much. At one point, City Group

0:04:32.320 --> 0:04:35.080
<v Speaker 4>was the biggest thing on Wall Street, and it fell

0:04:35.120 --> 0:04:37.880
<v Speaker 4>apart in two thousand and seven. We're seeing some black

0:04:37.920 --> 0:04:41.160
<v Speaker 4>Swan like events start to line up. Please write this down.

0:04:41.360 --> 0:04:43.880
<v Speaker 4>The macro picture matters more so if we get two

0:04:44.000 --> 0:04:47.080
<v Speaker 4>more major black Swan events and the market drops like

0:04:47.120 --> 0:04:50.520
<v Speaker 4>amb is pulling back dramatically as well. They're kind of

0:04:50.560 --> 0:04:53.240
<v Speaker 4>pricing in something that is about to happen. I don't

0:04:53.279 --> 0:04:56.000
<v Speaker 4>know if Apple can sustain this lead in a smartphone

0:04:56.080 --> 0:04:58.039
<v Speaker 4>race if we go through a crash for two years,

0:04:58.120 --> 0:05:01.320
<v Speaker 4>or they don't raise rates until twenty five and then

0:05:01.360 --> 0:05:05.800
<v Speaker 4>we have a new the White House like, it's a

0:05:05.960 --> 0:05:08.280
<v Speaker 4>very scary time. But this is what happens when you

0:05:08.320 --> 0:05:11.520
<v Speaker 4>don't innovate. I know sometimes you guys look at the

0:05:11.520 --> 0:05:13.240
<v Speaker 4>showmanship of what we do of putting on a good

0:05:13.279 --> 0:05:15.839
<v Speaker 4>show and the rollout of investmentest but you have to

0:05:15.839 --> 0:05:18.720
<v Speaker 4>innovate every year or you're gonna get killed. Got competition

0:05:18.800 --> 0:05:21.000
<v Speaker 4>lined up everywhere, and this is what happens when you

0:05:21.000 --> 0:05:23.479
<v Speaker 4>don't innovate n a fast enough clip and don't listen

0:05:23.560 --> 0:05:25.120
<v Speaker 4>to your customer base.

0:05:26.400 --> 0:05:29.600
<v Speaker 2>Yes, all those things are true. There's another piece that

0:05:29.720 --> 0:05:32.400
<v Speaker 2>we have to take into account. It is the geopolitical

0:05:32.440 --> 0:05:36.440
<v Speaker 2>side of it. When you're talking about which companies are

0:05:36.480 --> 0:05:39.360
<v Speaker 2>in third or fourth, they're Chinese companies.

0:05:39.839 --> 0:05:40.880
<v Speaker 1>And there's a reason.

0:05:40.640 --> 0:05:43.719
<v Speaker 2>Why they're third and fourth because more people are starting

0:05:43.760 --> 0:05:47.200
<v Speaker 2>to look at nationalism as a piece of their pursising.

0:05:48.320 --> 0:05:50.960
<v Speaker 2>Rather than buying the American phone, they are now choosing

0:05:51.080 --> 0:05:55.039
<v Speaker 2>to buy a phone that has similar qualities, that is from.

0:05:54.839 --> 0:05:57.800
<v Speaker 1>A Chinese company in their home country from their home country.

0:05:57.800 --> 0:06:00.400
<v Speaker 2>You added to the fact that the Chinese companies and

0:06:00.400 --> 0:06:04.360
<v Speaker 2>agencies are now eliminate employees to use Apple devices that

0:06:04.440 --> 0:06:05.200
<v Speaker 2>hurts them as well.

0:06:06.120 --> 0:06:08.800
<v Speaker 1>Yea, right, but this is not move on us. This

0:06:08.920 --> 0:06:09.280
<v Speaker 1>is right.

0:06:09.360 --> 0:06:12.320
<v Speaker 2>So now it's okay, well you want to ban our apps, Well,

0:06:12.320 --> 0:06:14.080
<v Speaker 2>here's what we're going to start doing to our employees

0:06:14.120 --> 0:06:18.039
<v Speaker 2>and some of our citizens. We're going to start restricting

0:06:18.040 --> 0:06:21.080
<v Speaker 2>how many people can have your product that hurts. Apple's

0:06:21.320 --> 0:06:24.520
<v Speaker 2>iPhone sales dropped ten percent in twenty twenty four of

0:06:24.560 --> 0:06:28.600
<v Speaker 2>the first quarter. Think about that ten percent, which is

0:06:29.000 --> 0:06:32.080
<v Speaker 2>you need China, you need them, you need them. So

0:06:32.160 --> 0:06:34.840
<v Speaker 2>Samsung obviously has twenty percent number one. Now they have

0:06:34.880 --> 0:06:37.280
<v Speaker 2>twenty percent of the smartphone market. Apples in second place

0:06:37.279 --> 0:06:40.000
<v Speaker 2>to seventeen percent. But those two companies that we mentioned

0:06:40.000 --> 0:06:44.560
<v Speaker 2>before showed me and Huawei all right there, right there,

0:06:44.600 --> 0:06:46.719
<v Speaker 2>and then moving at a fast paced One of the

0:06:46.760 --> 0:06:49.160
<v Speaker 2>reasons that Samsung was able to go ahead is because

0:06:49.200 --> 0:06:51.919
<v Speaker 2>the release of the S twenty four and the functioning

0:06:51.960 --> 0:06:54.680
<v Speaker 2>inside the S twenty four is probably what pushed it

0:06:54.680 --> 0:06:57.760
<v Speaker 2>over the top. They have made a concerted effort to

0:06:57.800 --> 0:07:00.359
<v Speaker 2>make sure that AI is a component in this sales

0:07:00.360 --> 0:07:00.880
<v Speaker 2>of that phone.

0:07:01.320 --> 0:07:01.400
<v Speaker 1>Ye.

0:07:01.640 --> 0:07:04.320
<v Speaker 2>Apple to this date and it's still early, we all

0:07:04.360 --> 0:07:07.520
<v Speaker 2>wait for June has still not said what they're going

0:07:07.600 --> 0:07:09.360
<v Speaker 2>to be doing in the AI space. We've seen it

0:07:09.400 --> 0:07:11.760
<v Speaker 2>from all the majors. We saw it for Microsoft obviously,

0:07:11.920 --> 0:07:14.600
<v Speaker 2>we know what Nvidio is doing. We've seen it from Google,

0:07:14.600 --> 0:07:17.840
<v Speaker 2>We've seen it from Meta. What they're talking about, Hey,

0:07:17.920 --> 0:07:20.400
<v Speaker 2>I what is the role that Apple's going to play

0:07:20.400 --> 0:07:22.000
<v Speaker 2>in it? What's the innovation that they're going to have

0:07:22.040 --> 0:07:23.880
<v Speaker 2>in it? And is it going to be inside of

0:07:23.920 --> 0:07:26.600
<v Speaker 2>the next innovation or rendition of the iPhone?

0:07:26.960 --> 0:07:28.800
<v Speaker 1>We don't know that yet, so I hope.

0:07:28.840 --> 0:07:32.520
<v Speaker 2>So you add that into all of the factors that

0:07:32.560 --> 0:07:34.240
<v Speaker 2>you spoke about, and you can see why it is

0:07:34.240 --> 0:07:36.960
<v Speaker 2>a pullback. And we talked about this. It's the same

0:07:37.040 --> 0:07:42.640
<v Speaker 2>phone over and over. Yep, this is not innovative anymore. June,

0:07:42.720 --> 0:07:44.560
<v Speaker 2>I think is you said a couple of years. I

0:07:44.600 --> 0:07:46.720
<v Speaker 2>don't know how many more quarters they can have like this? Right,

0:07:46.760 --> 0:07:51.080
<v Speaker 2>if we start to see ten percent temper this could get.

0:07:50.720 --> 0:07:52.200
<v Speaker 1>They're going to have to discount them phones.

0:07:52.200 --> 0:07:54.480
<v Speaker 2>And that's a but that so that when they discount

0:07:54.520 --> 0:07:57.080
<v Speaker 2>the phones in China, it didn't work. Yeah, right, because

0:07:57.120 --> 0:07:59.720
<v Speaker 2>now you made them the same price as some the

0:07:59.720 --> 0:08:01.920
<v Speaker 2>cup these that are from China. Right, and so if

0:08:01.920 --> 0:08:06.960
<v Speaker 2>they have to choose, they're gonna choose, right, that nationalist economy.

0:08:07.080 --> 0:08:09.040
<v Speaker 2>They're gonna choose the phone that that that's made from

0:08:09.040 --> 0:08:11.160
<v Speaker 2>the people that look like them. So you got to

0:08:11.160 --> 0:08:14.240
<v Speaker 2>take that into account as well. So it a couple

0:08:14.240 --> 0:08:16.920
<v Speaker 2>more of these quarters that look like this, we're gonna

0:08:16.920 --> 0:08:17.800
<v Speaker 2>have a different conversation.

0:08:18.280 --> 0:08:19.840
<v Speaker 1>Yeah, and important.

0:08:19.840 --> 0:08:22.640
<v Speaker 2>It's too important, it's too vital to our economy to

0:08:22.720 --> 0:08:25.120
<v Speaker 2>have this type of depreciation. So we got we gotta

0:08:25.680 --> 0:08:26.640
<v Speaker 2>really keep eye on this.

0:08:27.040 --> 0:08:28.760
<v Speaker 4>Back to what I said on Blackout, I appreciate the

0:08:28.800 --> 0:08:30.400
<v Speaker 4>partnerships that you have. Let's say, if I have a

0:08:30.440 --> 0:08:33.120
<v Speaker 4>yacht party and I say Troyshot can't come, guess what,

0:08:33.200 --> 0:08:33.800
<v Speaker 4>and that's that's.

0:08:33.880 --> 0:08:34.640
<v Speaker 1>Probably won't be there.

0:08:34.679 --> 0:08:39.000
<v Speaker 4>Right. So as soon as they start blocking China, and

0:08:39.080 --> 0:08:43.680
<v Speaker 4>then guess what China said, Oh you want to block Okay, cool,

0:08:43.720 --> 0:08:47.000
<v Speaker 4>guess what, We're gonna block your product here too, YouTube testa.

0:08:47.080 --> 0:08:48.640
<v Speaker 4>Both of y'all get the hell out and figure it

0:08:48.679 --> 0:08:49.320
<v Speaker 4>out on your own.

0:08:49.720 --> 0:08:53.280
<v Speaker 2>Yeah, it's happening and you can see it now. The

0:08:53.800 --> 0:08:56.280
<v Speaker 2>new thing right, We're watching this happen with TikTok. Right,

0:08:56.559 --> 0:08:57.800
<v Speaker 2>what's gonna happen with TikTok?

0:08:57.880 --> 0:08:58.040
<v Speaker 1>Now?

0:08:58.080 --> 0:09:04.000
<v Speaker 2>The ninety days is potentially being extended to eight months, right, So.

0:09:05.600 --> 0:09:10.200
<v Speaker 1>I mean this is a catfight that can mean to

0:09:10.280 --> 0:09:13.040
<v Speaker 1>help your war unless you sell an arms and then yeah.

0:09:13.200 --> 0:09:16.840
<v Speaker 5>An illegal alien from Guatemala charged with raping a child

0:09:16.840 --> 0:09:20.640
<v Speaker 5>in Massachusetts. An MS thirteen gang member from Al Salvador

0:09:20.880 --> 0:09:25.040
<v Speaker 5>accused of murdering a Texas man of Venezuelan charged with

0:09:25.120 --> 0:09:29.000
<v Speaker 5>filming and selling child pornography in Michigan. These are just

0:09:29.080 --> 0:09:32.800
<v Speaker 5>some of the heinous migrant criminals caught because of President

0:09:32.880 --> 0:09:36.480
<v Speaker 5>Donald J. Trump's leadership. I'm Christy Noman, the United States

0:09:36.480 --> 0:09:41.280
<v Speaker 5>Secretary of Homeland Security. Under President Trump, attempted illegal border

0:09:41.320 --> 0:09:44.880
<v Speaker 5>crossings are at the lowest levels ever recorded, and over

0:09:44.920 --> 0:09:48.160
<v Speaker 5>one hundred thousand illegal aliens have been arrested. If you

0:09:48.200 --> 0:09:52.080
<v Speaker 5>are here illegally, your next you will be fine nearly

0:09:52.160 --> 0:09:56.160
<v Speaker 5>one thousand dollars a day, imprisoned and deported, you will

0:09:56.200 --> 0:09:59.720
<v Speaker 5>never return. But if you register using our CBP home

0:09:59.760 --> 0:10:03.280
<v Speaker 5>app and leave now, you could be allowed to return legally.

0:10:03.640 --> 0:10:08.360
<v Speaker 5>Do what's right, leave now. Under President Trump America's laws,

0:10:08.559 --> 0:10:11.000
<v Speaker 5>border and families will be protected.

0:10:11.080 --> 0:10:13.240
<v Speaker 1>Sponsored by the United States Department of Homeland Security,