Motley Fool Money Do You Need a New Phone?
Oct 22, 2024
Tim Beyers, an investment analyst at The Motley Fool, and Alison Southwick, who focuses on Berkshire Hathaway's investments, share fascinating insights. They discuss the trend of consumers holding onto their phones longer, affecting telecom giants like Verizon. The potential boost in PC sales driven by AI needs is also explored. Further, they delve into Warren Buffett's successful investment strategies, showcasing how See's Candies transformed his portfolio. Plus, the growing impact of Lionel Messi on Major League Soccer is highlighted.
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Tim's Phone
- Tim Beyers still uses an iPhone SE.
- He plans to upgrade, but the phone still functions adequately.
Verizon's Declining Upgrades
- Verizon's upgrade volume decreased 10% year over year.
- This decline, alongside flat revenue, signals a problem for the company.
Impact of Apple on Carriers
- Apple's frequent releases with notable improvements used to drive predictable revenue for carriers like Verizon.
- Now, upgrades are less noticeable, impacting carrier revenue.