The Best One Yet - Apple’s biggest day since the iPhone, Winnebago gets Marie Kondo’d, and the 1st eSports stadium

Episode Date: March 26, 2019

In 4 minutes, we break down Apple’s hugest product event since the iPhone (it’s all about da bundles). Winnebago’s RV sales dropped 17%, but Millennials are saving camping. And America’s getting its 1st ever 100% fully eSports stadium…in PhillyLearn more about your ad choices. Visit podcastchoices.com/adchoices Hosted on Acast. See acast.com/privacy for more information.

This is Nick. This is Jack. And this is Snacks Daily. It is Tuesday, March 26th. And this is the best Snacks Daily we've ever done, right? We're bringing you a big, juicy tea boy today on Snacks Daily. It's the best one yet. Now, markets overall, what happened there?

Not much. They didn't move. They basically, everyone was watching the Apple TV event on their Apple TV. They were way too busy. So markets didn't move. Barely budge. But we went in and we found, I mean, three hefty stories. Well, first of all, we're going to tell you in four minutes,

It's Apple's All You Can Eat Product Buffet that went down yesterday. Biggest event since the iPhone, complete makeover for Apple. Unbelievable. Don't even recognize you, Siri. Event. And our second story is about Winnebago. It's RV sales plummeted 17%. Weirdly, markets didn't seem to mind.

Yeah, we're going to say that this is a Marie Condo tidying up situation. Third and final story. The first American Esports Stadium was just announced. And where? And it's going to be in... Let's hold that one. And we'll save that until we actually get to the story. Let's just say it's the Cleveland of the Mid-Atlantic.

But before we get to that, Oh, my God. We got to talk about the new perk, please. Called Pupternly Leave for parents. Can we get into this? We're talking about paid time off for when you have a newborn puppy. You got a fur baby at home? You got to spend a couple weeks with him or her to get to know and train that dog.

Snacks Day of listeners. That golden doodle, it needs you right now. From seven weeks to nine weeks, those are formative weeks for that puppy. Oh, my God, start up perks. Yeah, forget free Greek yogurt everywhere. This is the ultimate perk. Now, bring this into your negotiation right now. Immediately.

We want to know if any of you guys out there are getting paternity leave. Tweet at us at Robin Hood Snacks. Now, before we get to our first stories, bear this in mind as you listen to today's snacks daily. You're tuned in the snacks daily. The snacks about to hear ain't food. It's air candy. They don't reflect the views of the Robin Hood family. It's all informational just so.

You know, we're not recommending. any securities. It's not a research report or investment advice. Not an offer or sale of a security. Snacks is digestible. Business news for you. Robberhood Financial, LLC, member Fenra slash SIPC. For our first Snacks Daily story, we had to talk about Apple, which just had its most important

product unveil since the iPhone. Nick, I don't think you realize what a big deal this was. I called my parents. Was that a big enough deal? I told them we need to talk about it. There was some celebrity firepower at this event. Give me some names. Reese Wetherspoon.

Fantastic. Jen Anniston. Of friends, I hope she finds love. Michael Scott himself, Steve Correll. Incredible. Steven Spielberg. You're kidding me. Don't tell me there anymore.

Try Oprah on for size. I feel like we should turn the pot off and just go home. This is insane. They were all there because they're all TV and movie stars and Apple was unveiling Apple TV Plus. Apple unveiled a bunch of things, guys. Apple unveiled four household changing items that are going to change your house. The headliner was definitely Apple TV Plus.

Oh, for sure. It's a Netflix competitor, which has been awaited for like years now. Where is it launching? It's launching in 100 countries this fall. All right. It's starting with 12 original shows, including Steve Correll, who's going to be an anchorman. And it's like the movie Anchorman, but it's actually a drama. It's kind of sad, actually.

So Steven Spielberg says he showed up on state. He has a new show that he's launching with Apple. I believe he said that he wants, quote, unquote, every episode to transform the audience. Every time. That's a pretty bold claim. Yeah, he shoots for the stars. Pricing on this Apple TV subscription, we don't know. We don't know.

TVD. But there won't be ads. They're probably just like seeing how we're going to react to this. But there will be Oprah. There will be Oprah. That's great. All right. So the second big thing, the unveiled, Apple Finance.

Yeah. A straight up old school credit card with Goldman Sachs and MasterCard, except it's not really old school no in fact it looks super fine it's kind of like an ipod when ipod would pay with yes well it's not even a physical card you sign up on your app and like hours later you'll be able to pay just sharp with your little digital credit card phone thing and it's got like a built-in mint dot com for budgeting so you can like feel guilty when you're spending but not too guilty we all know it's a nice user interface we all know millennials need help we need yeah we know and then finally apple news was unveiled oh my

premium subscription Apple News for $10 a month, you get top-notch news. You're getting like Wall Street Journal, Bogue, Sports Illustrated. What are you not getting? You're not getting the New York Times. No, they were awkwardly not there. They're like, I'm not into it.

We don't need that. They don't need it. They don't want Apple to take a cut of their revenues. New York Times is doing great. Now, the fourth and final one was the least compelling. Yeah, it's Apple gaming. I forget what it's called.

We're not even going to get into it. It's just a bundle for like smartphone apps. All you need to know is that they threw that in two, so the living room could be happy. Now, what is so important here? It's that Apple is redefining itself. This is like a clueless level makeover. Remember clueless? Yeah, it's the best kind of Mapleover. Apple has like cut its hair, it's tatted itself up, it's changed its name. It is not an iPhone company anymore. It's something different. And the reason why, it is way too hard to upgrade people with iPhones these days. My mom is using the equivalent of like an iPod 3.

Right. So we know it's pivoting to services, but with this product unveiled, Apple, Apple's basically saying, we're going to do what PayPal, Netflix, and Wall Street Journal do, but better. Yeah. And if we do it well, iPhones will sell better so you can actually use these things. So it's still kind of an iPhone company. Pretty much. So, Jack, what's the takeaway for our buddies over at Apple?

Apple's become a company of bundles. It is a bundle of bundles. It's a bundle of bundles. Starting with the TV. It's a TV bundle. Yeah. Then they have their news, their premium news bundle. And then they've got a music bundle.

A gaming bundle. And you know what? It wants $10 a month from you for like each. bundle. Just subscription, subscription, subscription. And this is what a service company looks like. Bundles. For our second story, Winnebago sales just plummeted 17% basically because of a Marie condo tidying up situation, problem situation. Wow. First of all, wolf. That is a tough fourth quarter for Winnebago. That is rough. Second, Winnebago owners, oh my God, they're kind of living a Contradiction. Huge contradicting. Claim they love the outdoors. But how many miles per gallon is that thing getting?

Their vehicle hates the outdoors. It's a moving carbon footprint. Now, Winnebago itself, when you jump in, which we did in, and look at the company's earnings report, it's definitely not just for campers. That's what they want you to know, like, ASAP. The company brands itself officially, an outdoor lifestyle brand. Quote and quote. Which is like the Yeti cooler company with a culture, but of huge creepy vans. Now, camper sales for Winnebago, which makes these beasts, have been great since the 2009 recession. Basically, RV sales have grown for them 15% year over year, thanks to millennials. Every year since 2009, pretty good. That is a long stretch, 10 straight years of growing sales. But then what just happened over the last few months? Suddenly, revenues came in 7% below expectations.

What about RVs? Specifically, RVs were 17% down from last year. Anything else? Toables also were down 6% for last year. I don't even know what a toauble is. One of those names that sounds self-descriptive, I dare you to draw what that is. Well, Nick, you just tell it. Sounds simple. Now, this made us ask the key question here. Have we reached peak hipster outdoorsiness? And our feeling is the answer is no. No, pretty much not. No. When you jump into the data, it looks like demand for Winnebago RVs is actually doing just fine. And that's one of the reasons that

Despite 17% sales drop, investors actually didn't really punish the stock yesterday. Because Winnebago has been saying for the last year, over half of millennials they survey want to purchase an RVs soon. Right. So there's no evidence that that trend is stopping or anything. What we actually saw in this earnings report and what we heard from the CEO is that dealerships, the middlemen. Exactly.

Like didn't buy as many RVs last year, but it's nothing to be too concerned. No, it's because these dealerships have to clean house and tidy up. It's really expensive to keep a giant, creepy RV van in your lot, even if they're selling. Yeah, if your lot is packed full of RVs, maybe one quarter or two quarters, you don't buy as many, but everything's okay. Customers still want that. So these dealers are like, you know what, let's all relax. We're not going to take as many RVs right now, and we're not going to sell as many, and that's okay.

Does every RV in my lot bring me joy? If not, get rid of it. And that's why Marie Kondo seemed like she was all over this RVs situation, just keeping things organized and clear. So Jack, what's the takeaway for our buddies over at Winnebago? The outdoor space is actually getting more crowded. Now, Winnebago just bought itself a boat company, Chris Craft, like six months ago. Polaris makes motorcycles, but also bought a boat company. Very nice.

It's like everyone likes to buy a boat company. Pretty easy just to get it. Yeti just had its IPO this fall, and its whole business is built around love for the outdoors. It's about way overpriced, ridiculously expensive, coolers. ruggedness. Now, here's the thing. It's all a sign that all that enthusiasm for the outdoors is doing just fine. The mountains are calling, and millennials must go. For our third and final story, Jack, this one's wild. Philadelphia is building the first ever in the United States' e-sports stadium. That's right. The teaser was Philadelphia

for the win. Now, Jack, I got to ask it. Pats are Ginos? I didn't go to school there, so I'm going to take your recommendation. You know what? Trick question. Answer is both. Cheese whiz. You get either way. Now, we got to give some context here for esports. Esports is when video games are being played, Nick, but you're not playing. You're leaving that to the pros, and you're watching video games. You're watching intently and maybe in a basement. That's right. E-sports is a spectator sport. It's a beautiful thing. Now, Overwatch League is who's dominating the e-sports. Yeah, this is like the NFL of video games. It's big. There's a game called Overwatch. It's really popular, and they made an entire professional e-sports league.

There are 20 teams nationwide. Now, just like every new age sports league, the teams have ambiguous names. So we got to focus here on the old Philadelphia Fusion. Philadelphia is no exception. The Fusion is the pride and joy of the city of Brotherly Love, and their owner of the team is Comcast. They're back in the whole thing. And Comcast decided the Philadelphia Fusion need their own e-sports stadium. It's about time. The Fusion, you know, they deserve this. Yeah, I think it's called Fusion Arena and they're spending $50 million. So let's play a little two truths and a lie with these guys since they're new to us here. Yeah, three things about this stadium. One of them's a lie. Dog to me. It has a 10,000 square foot training facility. It has bars, luxury boxes, and a

sweet section. And finally, it has built-in telecoms in every seat so you can push a button and ask your mom for more chips. Now, my favorite truth there is the top one. This 10,000 foot facility, unreal. It's basically a bunch of MacBook pros and then like a smoothie bar. Yeah, my favorite lie there was the telecoms in every seat. That's what I had in my basement. There's got to be one. There are seats for 3,500 spectators at this new arena. Now, this is what excites us the most about this new arena. The fact that it's defying a major single sports trend. Oh, yeah. In the age of social media, 4K, 40-inch TVs and lazy boys. Yeah, and like $20 beers. Yeah, people aren't going.

to pro live sporting events as much. They're watching from the comfort of their home. Yet you stay in the sweatpants and you enjoy in the sweatpants. And yet, Overwatch League has plans to build 20 new stadiums for all 20 of its teams. Because it's 20 teams right now, they're kind of like when you were growing up and you had one friend with a video game console, so you had to go to his house to play. They're basically all going to one stadium to play. Exactly. Los Angeles is the mecca of e-sports gaming right now because it's the only place with a stadium for these live games. Yeah, but the CEO of this league said by 2020, all 20 teams will have new stadiums.

So Philadelphia is just the start. Just the first and just the first to only focus on e-sports. So, Jack, what's the takeaway for a buddies over in e-sports, Overwatch League, and the Philadelphia Fusion? When you're in the industry of gaming, there's always fad risk. It is so true. Words with friends? Oh, my God. I haven't played in eight years.

I'm still looking for a good end. Exactly. What if gaming culture changes and people decide, I don't like. like that game anymore. Done. These guys just invested a lot of money in these stadiums, but who knows, Overwatch could become like Zinga, a company whose games just became unpopular suddenly. Farmeda.

And Zinga's stock is down 65% from its all time. How about Rovio, owner of Angry Birds, shares are down 50% since its IPO. Jack, can you whip up the takeaways from today's snacks daily. Sure can. Apple's product unveil yesterday. It revealed that it's just a company of bundles. It is a bundle of bundles on bundles. Okay, a second.

Despite Winnebago sales drop, the outdoor space is actually getting more crowded. And guess what? Hipsters aren't the problem here. And finally, America is getting its first 100% e-sports arena, even though gaming always has fad risk. You can't get rid of Farmville. We're looking at you. Now, time for Snacks Daily. Snack Fact of the Day.

Jack, Michaela Schifrin, we got to talk about her. Tell me about her, man. She loves this podcast, first of all. For the past three years, she has earned more prize money in World Cup's skiing than any skier in the world. That includes men. She is the top earning skier globally. That's how good she is. Guess where she was trained? I know where you're going with this. State of Vermont, Northeast Kingdom. I know. I couldn't do anything about it. Maple syrup drenched. All right, guys, a couple other

awesome stories we're covering in our snacks news. First, we got to cover Jeep's new SUV slash pickup truck hybrid monster thing. What the hell is this thing? It's exciting and it's part of the trend of it's freakish. And then Domino's Pizza just launched an in-vehicle ordering feature that somehow sends your pizza delivery order directly to the driver of the car. That makes me hungry and curious. Thank you for listening to Snacks Daily. We will catch up with you tomorrow. Remember to click subscribe. We can't wait. The Robin Hood Snacks podcast you just heard reflects the opinions of only the hosts who are associated persons of Robin Hood Financial LLC and does not reflect the views of Robin Hood Markets, Inc. or any of its subsidiaries or affiliates. The

podcast is for informational purposes only, is not intended to serve as a recommendation to buy or sell any security, and is not an offer or sale of a security. The podcast is also not a research report and is not intended to serve as the basis of any investment decision. Robin Hood Financial LLC member FINRA SIPC.