1/ Wireless services have produced remarkable change in India in a short time. Example: indiatoday.in/technology/new…

Jio introduced five new plans with ''no daily limit'' prepaid mobility offerings. As low as Rs. 127 and go up to Rs. 2,397.

$1 US equals = 73.23 Indian Rupee
2/ "Airtel’s Average Revenue Per User (ARPU) remains higher than Jio’s for the wireless segment at Rs 145 against the latter’s Rs 138." That price is enabled by a range of technologies that will keep getting better. These are still 4G LTE networks. google.com/amp/s/www.newi…
3/ Indian wireless customers have benefitted from a tech lollapalooza. For example: MIMO, Carrier Aggregation, Massive MIMO, virtualization, all IP mobile networks and more spectrum.

An interesting question is how quickly will other countries, say in Africa, see prices this low?
4/ "Sub-Saharan Africa ranked as the most expensive region with the average price for 1GB of mobile data coming in at $6.44. Next most expensive was Oceania at $5.51 and then South America at $5.25." connectingafrica.com/author.asp?sec…
5/ The magnitude of the spread between the highest priced wireless data service (Equatorial Guinea with 1GB costing $49.67) and the low (Sudan at 27 cents a GB) in Sub Saharan Africa is, well, shall we say notable.
6/ This graphic depicting the "Average regional price of 1GB of mobile data" indicates that "data charges vary based on location, stage of development, politics, and economics.
7/ The ITU estimates that "despite the meteoric growth of internet use and broadband connectivity 49% of the world’s population remains offline." a4ai.org/connecting-the…
8/ You want data on cost as a percentage of X (eg disposable income)? Go to: a4ai.org/extra/baskets/…
9/ "Across the 95 countries studied, the average cost of 1GB mobile data fell from 4.6% to 4.1% of income between 2019 and 2020, a drop of 12.4%. That's twice the UN’s ‘1 for 2’ affordability target — 1GB data for no more than 2% average monthly income." a4ai.org/mobile-data-co…
10/ My experience with wireless started in December of 1984 when service was first offered by McCaw Cellular and USWest in Seattle using 11 cell sites all on tall buildings and big towers. Did you have a car phone? How about a mobile fax? google.com/amp/s/fortune.…
11/ "Ameritech Mobile Communications charges $22 per month as a basic fee for access to the system and 22 cents to 38 cents a minute, depending on the time of day. Long-distance tolls; of course, are extra."

Also, of course, roaming charges!

$4k for a mobile phone tho.
12/ Radical thinking in 1984:

"when you fly from New York to Washington, you’ll be able to take your phone with you.” All cellular phones will be interconnected through a national network."

AT&T was so focused on long distance, it gave away cellular. 25iq.com/2017/10/14/wha…

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More from @trengriffin

13 Jun
1/ Volkswagen Chairman Herbert Dies says, “Software will account for 90% of future innovations in the car.”
..hardly a line of software code comes from us.” VW estimates that only 10% of the software in its vehicles is developed in-house. spectrum.ieee.org/cars-that-thin…
2/ "A BMW 7-series with advanced technology like advanced driver-assist systems (ADAS) may contain 150 ECUs." “nearly all ECU design and software is outsourced to suppliers, with the OEM integrating the ECUs” to create a unified system from the desired customizable functionality"
3/ "The cost to repair just a ultrasonic system located in the rear bumper that enables parking assistance to be around $1,300; if the rear radar sensors used for blind-spot monitoring and cross-traffic alerting were also damaged, another $2,050 in additional costs..."
Read 4 tweets
12 Jun
I went to Sportsman's Warehouse today to buy more fishing gear that I don't need.

Since it was nearby, I went to B&N to buy a book I do need. The pandemic made me forget: 1) how many books are in that store; and 2) how unlikely it is that the book I wanted was on a B&N shelf.
2/ I said to a young salesperson working today in the fishing tackle section at Sportsman's Warehouse: "My god, these 11 inch flashers are purple and green and one has a e- chip in it. Do resident coho salmon really take these lures?’ And he said, ‘Mister, I don’t sell to fish.’”
3/ Full disclosure: I straight up stole that fishing tackle joke from Charlie Munger, who probably stole it from someone else. awealthofcommonsense.com/2015/08/10-und…
Read 6 tweets
11 Jun
What business is this?
"A liquidity network improves the rider experience and attracts more drivers. A driver enablement network, helps drivers lower their operating costs and improve their efficiency through our auto and electric mobility solutions."
Read 5 tweets
10 Jun
1/ I said in a recent Infinite Loops Podcast that 1994 was my "miracle year." It was actually included parts of 1993 too so it wasn't a calendar year. The commercial Internet was being born. What Microsoft people believed internally about the Internet wasn't the public position.
2/ Bill Gates said to me: "A technology shift sometimes forces a business to jump from a slippery iceberg across freezing seas and land successfully on another slippery iceberg. Some businesses don't successfully stick a landing and survive that jump. Not jumping is also deadly."
3/ Teledesic's broadband "Internet in the Sky"® satellite constellation was approved by the board Thanksgiving week in 1993. The public announcement was March 1994. Craig McCaw and Bill were the only outside shareholders. Four of us started our zero to one startup journey then.
Read 5 tweets
7 Jun
This part of the scam was not specifically discussed in my MoviePass dissection dated December 2017, but this fraud was, of course, used to reduce COGS.
You may recall that the MoviePass stock price chart replicates the trajectory of a Six Flags roller coaster named "Dumbo's Chariot." Few understand this.
You may also recall this picture of the MoviePass founders laughing like they are Ray Liotta in Goodfellas.

This is what experienced investors use as a "tell" that the business is a fraud. The tell is technically known as "the Liotta Omen."
Read 4 tweets
5 Jun
1/ A offers a freemium SaaS product for use by artists. No user of the service pays anything (fiat money or otherwise) until they hit a usage threshold. Is the cost of supporting non-paying users part of:

1) cost of goods sold (COGS); or

2) customer acquisition cost (CAC)?
2/ Clue: Is there a GAAP definition of customer acquisition cost (CAC)? If not, why not?

What is the value of understanding this factor's impact on a customer lifetime value analysis?

See generally:

morganstanley.com/im/publication…

abovethecrowd.com/2012/09/04/the…

25iq.com/2016/12/09/why…
3/ Does whether the cost of supporting non paying customers in a freemium business model appears above the gross margin line (COGS) or below the gross margin line (CAC), tell you something important about unit economics and the value of your customer? hurricanecapital.files.wordpress.com/2015/02/the-ec…
Read 4 tweets

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