Gadgetory

welcome and good Wednesday morning on july 27th we are here from the CBS interactive studios in New York City for the 359 featuring Roger Cheng and Ben Fox Rubin good morning guys hell of an intro that was impressive I know I'm jazzed I was way more bummed that I left 30 seconds again more than I deserve got lord I agree all right you're gonna emcee my funeral so thank ya just just just a warning or a you know just a warning that everyone where we're gonna get pretty wonky today financial oh that's what we're warning people yeah okay we're talking about earnings doll earnings all earnings Wednesday Apple Twitter t-mobile we've got a lot to talk about let's unpack so expect way too much jargon yeah we're both former financial journalists and we're gonna really we're really gonna lean into we're just gonna go crazy wonky sorry sorry I didn't in advance don't apologize if I for like if you're bored by money go away now well yes as always if you have any questions about these companies Apple Twitter or tmobile or anything related deftly leave some questions in the comments Brian will scout out and check out the bay I will do the QA afternoon a we got that win if I keep this one quick actually sorry Oh 50 just realized okay let's make it happen all right well I could be a little late to my next meeting that's fine all right we're ready to roll all right let's do it and then 32 welcome to the 359 when we talk about the top tech news of the day now you have a crap we want to throw in I'm Roger J I'm Ben Fox Rubin Apple last night reported its financial results and things weren't actually so bad sales declined but not as much expected and cubby actually offered a slightly rosier forecast and expected what do you think then that's actually so the revenue forecast is actually saying quite a bit for Apple because usually they provide pretty soft guidance that's well below my analyst s they're usually very conservative right so the fact that this was actually better means that maybe they have something you know in their pocket that we don't know about that maybe they expect the iphone to do Byron some seven plus pro amazing version right so maybe at least their financial analysis is is that it's going to sell better than wall street expects it to look that I mean the key number still sold 40 million iPhones still an impressive number it's a huge number down down from a year ago but still Matt like no other company every other couple killed sacrifice her firstborn to get those kinds of numbers sure but nobody likes numbers going down so right ever since 2007 I phone numbers iphone sales have been up up up and then for the past two quarters they've been you know going lower so this is this is a big problem for them and we'll see if they'll be able to turn it around somehow definitely you know it goes back to the kind of disconnect between Wall Street and consumers you know the all the results seem to be bad but stock went up yeah and you know that that sort of contrast for when when apple reports record results and stock goes down and people scratch their heads it's all an expectations game however with Twitter transitioning to those guys their results were bad and the stock went down so at least those those expectations are obviously would anticipate yeah so basically what happened with Twitter which also reported yesterday they said that they're losing advertising their growth is stalled and the main takeaway from these guys in their earnings report was that they offered really low guidance and only a one percent rise in monthly active user use yeah yeah so how bad is it for these guys I mean like it really bad right like that's there's a lot of people there's increasing number of people who are questioning the relevancy of Twitter right when you've got copies like snapchat coming in and really surpassing them what's Twitter's role I don't know I spend a lot of time on Twitter and as do I some of this some of these financial some of this financial information is definitely very dismayed because it makes it seem as though twitter is just going to turn into a ghost town at some point it's going to be the next Google Plus so it's really depressed numbers are important to realize that it's depressing because I spent years building up my audience there they're all just going to a bit right there all bots anyway what is uh the chances by the way I wanted to get to this that they could become a takeover target because that's a lot of what people are talking about to it's pretty likely right yeah like it it does seem like it would fit under a large company now then as a standalone business they can't figure how to make money yeah all right lastly t-mobile posted solid results leading the industry customer growth for a tenth consecutive quarter news flash free stuff works there there t-mobile Tuesday app is really starting to pay off that was the abdicating free pizza free frosty from wendy's and for summing free stock in the company so it's kind of paid off it's in contrast with really the rest of the industry like that they've mostly other players have struggled to add customers t-mobile's kind of standing out there how are there has a bottom line though because for years they were losing money getting customers is that at least turned around yeah they're there the posted a profit earnings beat expectations and you know they're they're looking pretty right now Wow good job t-mobile by the way 646 thousand net new postpaid phone custom oh yeah weekend wonky nicely done John the chair that's more than the rest combined by the way alright y know more about these stories check us out on cnet I'm Roger Cheng I'm Ben Fox Rubin thanks for listening and that's a cut on the recording and we are still here with you on YouTube looking for your comments comments questions about money yeah it doesn't like money yes and by the way Roger said earlier on the show that if you don't was it you Brian if you don't care about money don't listen to this but you have to follow you have to follow the money like you know that's that's what motivates all these copies if you're just kindly it's good on Twitter and don't realize that that thing is in serious trouble like that's not doesn't especially in teaneck stand for consumer no I don't think it automation my hooter given that I think it was easy we go back to that brand welcome to do more your internet computer net brought to you by the nineties oh my god 3c met people don't know what cnet stands for no it's I think it's a code it's kind of mystery right hmm I don't know the story changes it just sounded cool yeah that's probably a cool necklace sure that's what it is cool that cool that's cool away all right Brian look questions what do we got no really I mean of course oh my god we keep expecting you do Apple shows you expect the Apple questions but this one yeah it's an interesting podcast but there is like this episode is good that it supplies information but I don't think there's a whole lot of users out there who are dying to like dig deep into a back-and-forth about the fiscal results of Twitter that's true that is that's sad this is kind of a one-way conversation nothing wrong I also fed just in general is not love interested Oh point we got a good one how about Nintendo how does Nintendo stack up against these oh yeah intendo has been floundering a little bit Tendo posted their results last night actually and it you know as the kind of warned about the warned about this couple days ago that you know the they told investors hey that whole Pokemon go phenomenon we're not actually making money directly from that app just remember that and then their stock tank in it today they posted a loss I mean look the results are still terrible the the business prospects are still kind of rough because they still make their money off of console games and in physical hardware games and Pokemon go is great but again it's an indirect relationship they own a third of Pokemon company which is the holding company that owns the property of Pokemon the IP VIP and then reportedly own a stake in niantic we don't actually know if they do which is the maker of the game right so niantic is making money hand over fist so as Apple Nintendo gets a little bit of buzz from it but it actually doesn't make that is so sad to me because Nintendo was irrelevant in you know the gaming world for years partly because they refused to go into mobay irrelevant I don't know I said where I thought no one I know I never know they just never last night the NX will be mobile okay yes but not that mean by the way I know technically the gamecube was mobile because i had that little handle on it oh come on it's not it's not a big ol Lester that it's like a phone app it right like its own mobile console like but is it going to be a pocket mobile game boy size is it going to be something a lot more multifunctional can you work it in and get high resolution on your actual home theater system type thing or is it strictly a pocket game like they haven't really been said yeah but does that mean that they're not going to go all in on making more like mobile games for smartphone well seems I think that's what people expect them to do after Pokemon go it's an arguably a successful launch granted it's had its flaws but Nintendo's officially in the game well no they're not they're indirectly in the game fine I said they're more in the game they didn't they didn't make the game you know they didn't really have their hands on that on Pokemon go really so in the development of the game okay I niantic just a distal clarify they've posted a net loss of 234 million dollars in the last quarter best nintendo that's intend oh wow that's pretty significant loss but what's what's the thing I keep reading about like how Nintendo could take a loss for 80 years and still be fine yeah they've got I think there's that is that a blown smoke I don't I think that's technically true they had like enough money to last them for a while and presumably those projections aren't assuming that they're going to lose 200 million every corner so yeah um yeah so we'll see I mean look again they still have struggles I think everyone is hoping that they get more into smartphone games mobile apps the things like Pokemon go and actually owned them and actually owned then they go viral although that would be nice see people remember like the very first the first mobile game that they put out was like the Wii something me moat me Mia me oh wait hello were there somehow though right the I just wear head up no cuz like they had the miiverse yeah they had like this good social component you basically create a mii account and you're like interacting with other friends you know it wasn't as much again though we're gonna game but it was it was a first it was its first foray into smartphone kevin says me tomo me tomo thank you Kevin nicely done nicely done um I played it for about five minutes I was very stupid and well I mean I did like carrying around your little personal game verse with you because if you recall Sega Dreamcast did that first with the vm you could store your files and essentially became like a keychain right like almost Tamagotchi h-type yeah yeah and you could maintain and interact with certain elements of the game on the go now it wasn't like Bluetooth wireless syncing to anything you still have to come back back into the controller but the idea was like you had your game on you in some aspect at all times and there were little mini games you could play to accrue points just stock back into the game when you SAT back down to the console conceptually that sounds pretty cool and very advanced for 1999 I don't think that it really took off though probably a child is she Sega I mean did a dreamcast died so the Dreamcast I'm surprised you even knew anything about the Dreamcast there are like three customers for that thanks Brian he knows that he knows all what was the guys I guess I wasn't a 90s yeah i'm ninety-nine ninety-nine ninety-nine just hit there i avoided that one I did to get some good games we had we i still have witnesses really yeah that's the one I'll always hang on to how dude sell that on eBay that's probably worth something by now no I'll be the jerk who keeps buying them on eBay that's raising the price yes totally offsetting the market and then we'll do an episode on it because this is the financial report brought to you by the 359 all right we should probably wrap it up yeah alright cool we will try to try to entertain any more yeah we'll do something a little odd business e topic tomorrow right we'll drive you better anyway I had fun I have had fun I like talking about finances damn it yeah alright alright if you liked anything you saw or heard here check us on cnet.com were also available via itunes and google play music as well as other services them just not gonna bother mentioning any more burner soundcloud tune n i think i missed one but oh right i think that was it oh yeah yeah you did too i just reg fine feel like there's always a sixth limit imma just alright alright the wrap-up music is playing alright see you tomorrow please see you guys tomorrow Oh