Galaxy S10 Unique Feature; Facebook Earnings Crash; Facebook Grabs Redkix; Apple May Drop Qualcomm ModemsPosted: July 26, 2018
The Galaxy Note 9 bows in just a couple weeks, but meanwhile, we have more word on a possible killer feature for next year’s Galaxy S10. No, it’s not the foldable phone! Bgr.com says the fingerprint reader we’ve heard that would be under the screen on the Galaxy S10 will be something no one has had before. For the 10th anniversary of the iPhone competing smartphone, Samsung will use an under screen, ULTRASONIC fingerprint reader! The ultrasound fingerprint reader is supposed to have better performance than an optical sensor, and should give Samsung to tout against Apple’s Face ID. It sounds like both the two Galaxy S10’s will have this feature, as will next year’s high end Galaxy A and the 2019 Galaxy Note.
After disappointing 2nd quarter earnings were reported yesterday, Facebook stock went off a cliff. Businessinsider.com reports that the stock dropped enough to be on pace to lose $115 billion in market value…which would be the biggest collapse in market history. Facebook reported earnings after hours Wednesday, and dropped 24% in an hour. Investors didn’t like sales and subscriber numbers that were lower than expected, but really hated the warning of a growth slowdown. Investors also pounded other monster cap companies in tech…Apple, Amazon, Netflix, and Alphabet all lost more than 1.5% overnight.
A positive note for Facebook…at least theoretically…lies in the acquisition of Redkix, and email startup that combines email, messaging, and calendar features into one app. According to recode.net, Facebook intends to roll the app into Workplace, their enterprise social network platform. Facebook and about 30,000 other companies have their employees using Workplace internally for messaging and groups. Facebook hasn’t shared how many of these are paying customers, nor has it broken out Workplace revenue on earnings reports, so it’s hard to tell if the subscription model is working for them.
After a brutal legal battle, it looks like Apple will be going with all Intel Modems, and dropping Qualcomm. Appleinsider says the Qualcomm CFO noted in a conference call that Apple will be using only Intel modems in the upcoming iPhones. Intel has only been supplying Apple modems since 2016. Besides the legal battle between Apple and Qualcomm, the Intel modem chip runs on both GSM and CDMA networks, so has that big advantage. Losing Apple…even if only for a year…would be a big hit to Qualcomm’s earnings.