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Nintendoâs stock is at its highest in a decade.
[The Hustle]( Wed, Nov 1
Brought to you by [Microsoft](
Spandex, sick decks, and joysticks: noteworthy Q3 earnings calls
We read the reports, so you donât have to. Which companies earned big, and which got burned big this quarter?
Under Armour at 3rd and long
The athletic apparel company just broke their 11-year growth streak, posting their first down quarter since 2006. In Q3 this year, UAâs sales decreased 4.5%, and [profits shrank nearly 69%](.
CEO Kevin Plank told investors the company was incredibly disappointed with [their] 2017 performance,â which has [suffered stateside]( as consumers shift from buying performance athletic gear (UAâs bread and butter) to more fashionable âathleisureâ apparel.
Trex decks see strong success
Trex, the decking company that accounts for over 80% of all residential decks and railings in North America, reported 20% higher-than-expected earnings per share, with a record $140m quarterly sales -- and as a result, they were rewarded with a [25% jump in stock price](.
The man at the helm, James E. Cline, suspects that theyâre reaping the rewards of a national ad campaign Trex launched 2 years ago and that theyâre finally earning â[influence with the consumer](
Yep, all those decking #influencersâ¦Â
Nintendo hits the right combo, doubles its forecasts
Buoyed by sales of their new Switch console, the Japanese gaming company now expects to [net $1B in profits this year]( -- nearly double last quarterâs forecast of $570m.
Their stock has been yo-yoing in the past several years, hinging on the unpredictable reception of its console. But the [Switch is set to sell 14m units]( this year (in comparison, the Wii U took nearly 5 years to sell the same amount), and Nintendoâs stock now sits at $390, its highest in nearly a decade.
DO A BARREL ROLL
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The iPhone Xâs archnemesis: identical twins
When Apple announced its $1k iPhone X back in September, we learned they were [ditching]( the home screen button log-in for something snazzier: facial recognition.
The company touted it as a more secure upgrade to its existing TouchID feature -- but, it turns out the tech can be easily tricked by human genetics.
Appleâs upgrade
The new system, called Face ID, utilizes a new [TrueDepth]( camera, which projects 30k âinvisible dotsâ onto a userâs face creating a 3D model that verifies identity and unlocks the screen.Â
The tech is also equipped with an A11 bionic chip, which allows it to enlist machine learning to detect changes in a userâs appearance. As [Forbes]( writes, âyou can put on glasses, wear a hat, grow a beard. Even wild makeup will not fool Face ID⦠it will know you.â
Apple claims this system only allows for a 1 in 1m chance of someone else accessing your phone, compared to TouchIDâs 1 in 50k.
Sounds great -- unless youâre an identical twin
[Mashable]( experimented and found that the phoneâs Face ID couldnât distinguish between sets of identical twins: they could easily log into each otherâs devices. This wasnât an issue with TouchID, as identical twins have [different fingerprints](.
Roughly [3.2%]( of the worldâs population are twins, and about one-third of them are identical -- so, this isnât an insignificant issue.Â
But to be fair, even the [parents]( of identical twins have a tough time telling them apart, so how much can you really blame tech here?
[Is it me youâre looking for?](
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Sachs in sheepâs clothing: Goldman wants to win over the masses
Everyoneâs favorite 148-year-old Wall Street dinosaur, Goldman Sachs, has been working on revamping their image to attract a younger, cooler clientele, with their 1-year-old online lending company, Marcus.Â
Named after one of the firmâs founders, Marcus Goldman, the business is their first attempt to enter the mass market, focusing on getting regular consumers to borrow large sums of money (up to [$30k](.
So why now?
The company took a huge hit during the â08 financial crisis (mainly for its part in [causing the financial crisis]( and has since been forced to turn itself into a bank holding company in order to [keep the lights on](.
So far, itâs working: recently, Marcus passed $1B worth of loan originations, and according to Quartz, they believe theyâll create an extra $1B in revenue for Goldman over the next 3 years, plus $2B in additional loan sales.
Sooooo cool
Goldmanâs looking at Marcus to be the laid back money-maker on their [$930B]( balance sheet. There have even been reports of Marcusâs CMO, Omer Ismail, wearing blue jeans in interviews promoting their new TV ad, which explains fixed interest rates with a hip pizza metaphor.Â
And thatâs not all, Goldman Sachs is so desperate to relate to âthe people,â their CEO Lloyd Blankfein has started cold calling customers (or at least thatâs the story their PR team is telling) to [ask them about their experience](.
[The kids, they love calls from their lenders](
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Iceland has a 3-person committee that decides what you can name your kid
In Iceland, thereâs a committee that greenlights and rejects parentsâ options for what they would like to name their children. Itâs called the Mannanafnanefnd, and there are only [3 people on it](.
According to Business Insider, the committeeâs got some serious power: recently, for instance, they vetoed a coupleâs suggestion to name their child Cleopatra because âthe letter C has no place in the Icelandic alphabet.â
Weirdly enough, there are actually naming rules all over the world
At least [17 countries]( have laws in place restricting what parents name their children.
In France, for example, a âname registrarâ is allowed to reject any name he or she deems not to be in a childâs âbest interestâ -- names like âNutellaâ and âPrince-William.â
In Sweden, the name âBrfxxccxxmnpcccclllmmnprxvclmnckssqlbb11116â (inexplicably pronounced â[Albin]( was swiftly rejected, as it could potentially cause âdiscomfortâ to its recipient.
The US has similar laws: California bans marks like the umlaut, and Texas disallows Arabic numerals (i.e., 1, 2, 3).
Apparently, these rules are for good measure
[Numerous studies]( have shown that a childâs name can impact future success more than one would think.
Research conducted at New York University concluded that people with easier-to-pronounce names often become more successful in the workplace, and a separate 2009 study suggested that uncommon names may actually coincide with juvenile delinquency.
So, donât go naming your child Blanket or E-Z-Cheeze.
[Not just a name](
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let's hang out
Come hang with us
For every event we produce, I have to cold email dozens of people and convince them to be a speaker, and over the years, Iâve perfected this art.
Now, when I pitch people on speaking at our events, the response rate is around 90%.
Allow me to toot my own horn here: thatâs bananas. Thatâs every sales personâs wet dream.
Seriously. Imagine if -- for every email you send asking for investments, press, a job, a meeting, a discount you definitely donât deserve -- 9 out of 10 of those people responded. How much more successful would you be?
Well, thatâs the kind of thing youâll learn at [Con Con](.
That, and how to get millions of views on YouTube, re-engage your subscribers, create a scaleable editorial process, and how to turn web visitors into customers.
Sound useful? Awesome. Con Con is happening on Nov. 16 in San Francisco, so [grab your ticket]( before FOMO sets in.
â Kera, Chief Humble Bragger at The Hustle
This edition of The Hustle was brought to you by
âIt looks like youâre building a business⦠need some help?â
When we hear âMicrosoft,â most of us still think of an extremely persistent animated paperclip asking us if we need help making a numbered list.Â
But things have changed.Â
This is a whole new Microsoft -- and their new business suite is like the Golden State Warriors of software: an all-star lineup of features, all streamlined into one solution.Â
Weâre talking about Microsoft [365 Business](
AKA, one of the most well designed small business tools weâve ever seen.
They took the Office suite we all use and love, put it in the cloud -- then made it stupid easy to collaborate with teammates [across any device](. That means super simple file sharing, doc editing, video chatting, messaging, and calendar scheduling -- from anywhere.
Oh, and underpinning all of these programs is [state-of-the-art data protection]( so every user is protected -- without having to configure any of those scary âadvanced settings.â
We could keep singing its praises -- or you could experience it for yourself. [View a demo]( and have your minds blown like we did.
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