This is lock them flies.
I'm Brett and justin a. It's mondayta fifth.
Of August tozie boy, how things change quickly on the share market. On Thursday, the ASEX closed at a record high and everyone was celebrating. But Friday was an absolute bloodbath. Get this one. Nearly fifty billion dollars was wiped off the value of companies on the ASX after a big bat drop in US tech stocks. Always keeping us on our toes.
Never know what to expect the man dam. We are very excited to have two experts join us as part of the Property Investing Academy this month doesn't really matter what's happening today.
People look at a long term asset clias in too much of the micro right.
That is the voice of property Guru and TikTok start Jack Henderson of Henderson Advocacy, who's helping the Flux them understand the property market. Why invest in property, how to make it work to your financial position, and what to look out for. It is all in this month Flux Academy on Property Investing.
Three profitable stories today. Juzzi boy, let's do it for our first at Lassian saw at share price plummet after it warned that revenue is expected to slow slow down over the next year.
The founders just became a casual three point eight billion dollars poor after this announcement. So tell me more.
Well, jus wait, we know the story of at Lassian. The two Sydney siders who met at UNI and started the company with a ten thousand dollar credit card.
And from there they've built it into a project management behemoth.
We're talking Gira, Confluence, a bit Bucket, Trello, all the big name brands for tech heads.
Now be man. Earlier this year, at Lassian announced a pretty bold revenue target. Yeah, they had a goal of twenty percent revenue growth over the next three years and hitting this target would mean at Lassian clocks over ten billion US dollars in and your revenue.
But Josie boy, at Lassian just released their annual results where its revenue jumped twenty four percent. That sounds pretty positive, but my friend, it wasn't all positive.
You see.
At Lassian also revised its revenue target for the next twelve months.
Yep, that twenty percent goal they had it, well, they dropped it down to sixteen percent. But be man, they still have a plan to get there.
Their plan to get there continue growing revenue from their Fortune five hundred company partners.
So what is the key learning here?
When it comes to revenue, Digging deeper, not wider, can often be a faster way to supercharge growth.
You see, be a man. New revenue comes from acquiring new customers.
Which often requires significant marketing and sales efforts.
Yan dining, pitching, chasing our females, sending through more pitches.
Yes, but expansion revenue is generated when existing customers purchase additional products or services.
Like upgrading their plans or adding more licenses.
And Josie Boy at Lesson already has a raft of large companies on board, but they're just not spending enough.
In fact, eighty four percent over the Fortune five hundred companies, the biggest five hundred companies in the US are using at Lassie.
But it only represents ten percent of their revenue.
So at Lassian's plan is to show more love to its existing clients. Hit that big, hairy ten billion dollar goal for our second story. Apple is back on the winner's list after it saw growth in revenue over the
past three months. But not all is rosy in Apple land like Apple getting a bit tired lately with their kind of irrelevant iPhone updates, So don't we more Well, it's fair to say Apple has been a tech innovator since its early days of the Mac computer, then the iPod, who could forget the feeling of holding one of those babies in your hand while your mate still had a discrant.
And then of course the iPhone, which took it into the stratosphere of world's most valuable company that Beeman. Despite all of these developments, Apple's most important business is still the iPhone. That's why investors were so concerned last quarter Juzzy Boy when Apple announced a major decline in iPhone sales.
But now Apple's announced a return to sales growth that We're talking four point nine percent growth.
Okay, lots of divisions in Apple, Juzzy Boy, which ones are the winners?
Here? Interestingly, the iPad division grew the fastest at twenty.
Four percent, and of course the services division, which is Apple TV, cloud storage subscriptions.
The revenue in that division jump fourteen.
Percent two and now Apple's goal is to reduce its reliance on its iPhone hardware and shift even more of that demand to its software.
And investors or alike in the sound of dem Apples. So what is the key learning here? Not all revenue streams are created equally, and luckily for Apple, its sexier revenue stream is doing particularly well, you seeb man. Apple services business is critical for shareholders because it has better margins than their hardware products.
The jazibay. Apple still has a bit of a reliance on its iPhones.
Yeah, the iPhone's accounted for forty six percent of Apple's total sales during the quarter.
So basically, pushing the software division is key here, as.
Well as a little thing called AI, which you may have heard of yep.
In fact, Apple has not ruled out charging a subscription for its Apple Intelligence features in the future as well.
So now Apples investors are licking their lips at the idea of another juicy software stream of revenue.
For our third and final story, Intel is cutting fifteen thousand jobs and suspending its dividend as its stock fell twenty percent in one day last week.
Twenty percent and fifteen thousand jobs not numbers you want to hear. So what is happening here? A little bit about ground jazzyboy.
Intel is a global tech company started in nineteen fifty six, and.
It became a household name with the rise of personal computers back in the eighties and nineties.
And what I do know, Juzzy Boy, is that millions of PCs around the world used Intel's very own computer chips inside them during that time.
And the man, after struggling in the early two thousand and new CEO, took the helm of Intel in twenty twenty one with a pretty ambitious plan to turn the company around.
Yep. Now Intel became the US's most important chip maker and has around one hundred and sixteen thousand employees.
But not so fast, because now Intel plans to lay up fifteen thousand employees this year and pause their dividend payments.
And it's all part of a big cost saving exercises.
It not. It is Their plan is reduced costs by more than ten billion dollars next year. And it's all because it's struggled to gain a foothold in the market for AI chips. So what is the key learning here?
Over the last few years, a brutal and competitive race in the chip industry has been going on, some of it visible, some of it not.
In case you'd been living under a rock. You may have noticed a boom in AI going on.
And this boom in generative AI has led to new challenges for all Intel.
Yeah you see, Intel has a dominant market share in the traditional category of central processes.
But it's far behind the big dogs for the more modern AI chips. And while Intel has developed an answer to in Vidia's AI chips, it hasn't gained a large market share.
Yeah it's aichips are expected to bring in just five hundred million US dollars of revenue.
This year, way below the more than twenty billion in Vidia has been pulling in each and every quarter.
So now Intel is vowing to somehow get back to being number one. I think we'll see about that. Beman Flux Sam if you always wanted to invest in the property market, but he never knew how to make it work for you, what to look out for. It is all covered in this month's Plucks Academy on property investing, So make sure you check out the academy this month to learn a whole lot about property investing.
Thanks for listening, and we'll see you on Wednesday.