Ben Gilbert: belief

Transcript context

…Yup. Okay, that's the bull case. What's the bear case? My bear is that Microsoft's right in their strategy with Game Pass and gaming will move to the Netflix of video games style thing and that it's not about having the most beastly console and keeping the business model the same. Maybe the Xbox, they have finally segmented the market right where they can sell an expensive beastly console to the people that want that, sell a pretty good console to everyone else, and make a ton of money on $2–$3 billion a year right now on the subscription revenue. I think the bear case is that 30% of both revenue and profit right now come from gaming for Sony, and that's at risk. Is there any risk to the image sensing business that Apple, in particular, in-houses this at some point?…

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