The Ledger, every show

“In the future, you can just speak what app you want into the phone and that app shows up. So then that gives a smaller company like us the ability to compete with iOS, which has, I don't know, a 1,000,002 million apps already, but we can empower every normal p…”

“I think most people are gonna, I think, 80% of the population will just chill and receive income from the government. And a small group of people will leverage the new technologies to push society and humanity forward.”

“The smartphone screens from China, those companies are losing money to sell the screens. They have policies that subsidize the creation of that industry.”

“Foxconn at that time had worked with like five startups that made phones, and all those five startups have failed.”

“Because the mobile user experience has not really changed for the last, I don't know how many years, 20 years. Even with Symbian, right? Even with pre-Symbian devices, there were icons for apps. And when you click through the icons, you got like a full screen …”

“It doesn't have to be this year or next year or the following couple of years, but in the next 10 years we have to create a breakthrough category, and I would love to spend more time there as well.”

“There was a lot of optimism, optimism around technology back then, but today I think The opposite is true. Like governments, consumers they see tech companies as the old oil companies. There's antitrust issues, user privacy issues. People don't trust tech comp…”

“After one year, after launching the product at OnePlus, China did one hundred million dollars in revenue. International did two hundred million. China lost money. International made money.”

“Actually, what we talked about before, they get the TSMC latest. Yeah, they get the first batch before everybody else. They get the latest technology from TSMC for Apple Silicon.”

“For the first batch of year ones 90% of them couldn't charge properly. And at that time, I think we had shipped like 5000 units”

“In the last 10 years, there's been a couple of teams who tried to break into our space, well-funded and less well-funded and everybody's failed.”

“But I think over time we will reveal more and more as our team gets stronger, as our capabilities get stronger. I think ultimately we cannot be a smartphone company and we cannot be an audio company. We need to push into the future.”

“Actually the total size of the smartphone market is actually decreasing.”

“So I think the next product that has the, opportunity to change our habits. I don't know exactly what the product is, but I think it's most likely in the intersection of hardware, software, and AI.”

“Smartphones globally is about 1.2 billion units every year. In India, it's one 20 to one forty million annually, depending on what number you look at. So if you assume that the ASP is 300 dollars, then 1.2 billion, that's over three hundred billion dollars, ju…”

“I don't know the number for India, but like in the US, Apple makes a hundred dollars per year on each iPhone user, just on non-hardware stuff.”

“Nvidia, I don't know, is it or Qualcomm's, 4060, 40, 45%, I think, just declared, yeah. Gross margin. But Foxconn is, I think, 10%.”

“There were new companies like selling products online that were really disrupting via D to C, so that was the original vision for OnePlus. Like, how can we take the OPPO supply chain advantages Huge scale, low cost, good quality, and sell products online, and …”

“Foxconn and their competitors, they took on the inventory risk for the startups as well. So when the startups made a big projection in terms of the unit sales and they couldn't deliver, they were fine. Foxconn was stuck with inventory.”

“So we ended up selling about 600,000 Units for year one.”

“So on the topic of YouTube that's just something we've been experimenting with for the last three months. I think now we have four videos over a million views.”