Samsung Enlists Spotify and Fortnite to Fend Off Apple
*By Michael Teich*
Samsung is partnering with Spotify and Fortnite to boost slumping smartphone sales and maintain its lead over Apple.
The leading smartphone maker unveiled the new $1,000 Galaxy Note 9, and announced the viral, battle royale video game's first Android version will be available exclusively on Samsung devices. The deal may appeal to the game's 125 million players and encourage them to buy the new phone instead of Huawei or Apple devices.
Samsung is hoping the new Galaxy Note 9 will do better than the Galaxy S9, which slumped, allowing smartphone rivals to catch up. Samsung's second-quarter shipments fell 11 percent from a year earlier to 70.8 million units, according to IHS Markit. With a similar price tag to Apple's iPhone X, Samsung's new phone is going after the same high-end market.
In addition to gamers, Samsung is hoping music lovers will opt for the Galaxy Note 9 by making Spotify its go-to music partner. Samsung will integrate the Spotify app into its Smart TVs and speakers, and will make it available when customers set up their new phones.
For more on this story, [click here](https://cheddar.com/videos/first-look-at-the-new-samsung-galaxy-note-9).
Snap stock saw the worst day ever after a large drop in price on Tuesday following warnings of revenue and earnings slowdown. This trend caught on with other social and digital media stocks due to fears that brands heavily relying on advertising get hit with the same inflation struggles. However, some analysts note that Snap may be a unique case due to a rapid, possibly unsustainable, expansion leading to the current grim forecast.
From Meta’s Oculus to PlayStation’s VR headsets, Cheddar News anchors Ken Bufa and Kristen Scholer cover the potential for this tech in Cheddar Connected as more heavy hitters like Apple look to take the stage.
Umbilical cord blood banking platform Anja Health raised $4.5 million dollars in a seed round led by Seven Seven Six, a venture capital firm founded by Reddit co-founder Alexis Ohanian. Anja Health offers a personalized, doctor-backed cord blood bank, which lets new parents freeze stem cells from their child's umbilical cord so they can be used to treat diseases in the future. It's a process Anja has called 'Hollywood's best-kept secret,' as celebrities like Kylie Jenner, Serena Williams, and more have all banked their umbilical cord blood. Kathryn Cross, the founder of Anja Health, joins Cheddar News' Closing Bell to discuss.
Catching you up on what you missed in today's news. Elon Musk has increased his commitment to purchase Twitter to $33.5 billion, Apple is raising its hourly wages for retail stores to compete for talent, and Roblox has announced that it will be partnering with the medically prescribed video game ‘Endeavor’ to help treat patients with ADHD.
After learning that the suspect in the Uvalde school shooting posted about his intentions on Facebook, activists are urging social networks to make changes. Lena Derhally, a licensed psychotherapist and author of "The Facebook Narcissist," joined Cheddar News to discuss the role social media plays in school shootings. "They're not really invested in taking down hateful content," she said about social platforms."In regards to the shooting, it was 15 minutes before that actual threat. It would be pretty hard for a social media company to trace that threat that quickly. But what they can do better is take down threats and hateful content much faster and more than they're doing now."