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.
32:16
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Quick takeaways
- The decreasing frequency of smartphone upgrades indicates a fundamental shift in consumer behavior, impacting telecom companies' revenue models significantly.
- Major League Soccer's increased attendance due to star players like Messi highlights both fan engagement growth and potential streaming accessibility challenges for wider viewership.
Deep dives
Consumer Upgrade Trends Impacting Telecom
The podcast addresses the declining trend of smartphone upgrades among consumers, particularly illustrated through the example of an individual using an outdated phone model. Many users are holding onto their devices longer, primarily due to a sense that their current phones remain functional and adequate for their needs. This trend has led to a notable 10% decrease in smartphone upgrade volume for major telecom companies like Verizon. As consumers delay upgrading their phones, it raises concerns about revenue sustainability for carriers who traditionally relied on the frequent release of new devices to drive sales.
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