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Airbnb’s New Year’s Eve guest volume shows its falling growth rate – TechCrunch



Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between.

It’s finally 2020, the year that should bring us a direct listing from home-sharing giant Airbnb, a technology company valued at tens of billions of dollars. The company’s flotation will be a key event in this coming year’s technology exit market. Expect the NYSE and Nasdaq to compete for the listing, bankers to queue to take part, and endless media coverage.

Given that that’s ahead, we’re going to take periodic looks at Airbnb as we tick closer to its eventual public market debut. And that means that this morning we’re looking back through time to see how fast the company has grown by using a quirky data point.

Airbnb releases a regular tally of its expected “guest stays” for New Year’s Eve each year, including 2019. We can therefore look back in time, tracking how quickly (or not) Airbnb’s New Year Eve guest tally has risen. This exercise will provide a loose, but fun proxy for the company’s growth as a whole.

The numbers

Before we look into the figures themselves, keep in mind that we are looking at a guest figure which is at best a proxy for revenue. We don’t know the revenue mix of the guest stays, for example, meaning that Airbnb could have seen a 10% drop in per-guest revenue this New Year’s Eve — even with more guest stays — and we’d have no idea.

So, the cliche about grains of salt and taking, please.

But as more guests tends to mean more rentals which points towards more revenue, the New Year’s Eve figures are useful as we work to understand how quickly Airbnb is growing now compared to how fast it grew in the past. The faster the company is expanding today, the more it’s worth. And given recent news that the company has ditched profitability in favor of boosting its sales and marketing spend (leading to sharp, regular deficits in its quarterly results), how fast Airbnb can grow through higher spend is a key question for the highly-backed, San Francisco-based private company.

Here’s the tally of guest stays in Airbnb’s during New Years Eve (data via CNBC, Jon Erlichman, Airbnb), and their resulting year-over-year growth rates:

  • 2009: 1,400
  • 2010: 6,000 (+329%)
  • 2011: 3,1000 (+417%)
  • 2012: 108,000 (248%)
  • 2013: 250,000 (+131%)
  • 2014: 540,000 (+116%)
  • 2015: 1,100,000 (+104%)
  • 2016: 2,000,000 (+82%)
  • 2017: 3,000,000 (+50%)
  • 2018: 3,700,000 (+23%)
  • 2019: 4,500,000 (+22%)

In chart form, that looks like this:

Let’s talk about a few things that stand out. First is that the company’s growth rate managed to stay over 100% for as long as it did. In case you’re a SaaS fan, what Airbnb pulled off in its early years (again, using this fun proxy for revenue growth) was far better than a triple-triple-double-double-double.

Next, the company’s growth rate in percentage terms has slowed dramatically, including in 2019. At the same time the firm managed to re-accelerate its gross guest growth in 2019. In numerical terms, Airbnb added 1,000,000 New Year’s Eve guest stays in 2017, 700,000 in 2018, and 800,000 in 2019. So 2019’s gross adds was not a record, but it was a better result than its year-ago tally.

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Epson’s new smart glasses get a big field-of-view and blunt expectations



Epson is launching a new set of augmented reality glasses, with the Moverio BT-40 and BT-40S promising a bigger field of view and much higher resolution. Targeting enterprise applications – though not averse to tech-hungry consumers – the new AR eyewear can either be connected directly to a smartphone, or plug into Epson’s new Android mini-computer.

Compared to the old BT-350 and BT-30C, the BT-40/BT-40S use Epson’s Gen.4 Si-OLED displays. Each eye gets a 0.45-inch panel built into the arms of the glasses, running at 1080p resolution with a 500,000:1 contrast ratio.

That’s a big uptick from the 720p HD resolution of the old eyewear, and it’s also capable of producing a far larger picture in your field of view. At 34-degrees it’s now up 225-percent, compared to the BT-3x series’ 23-degrees, Epson says. That’s roughly equivalent to watching a 120-inch screen from 15 feet away.

The glasses’ ergonomics have been tweaked, too. They still come with a magnetic dark shade for use in brighter environments, but the weight distribution has been modified with the arms now folding at the temples. That should mean more comfortable extended use, Epson promises, along with a better fit thanks to springs to auto-adjust to different head sizes, and removable nose pads.

Both versions of the eyewear have the same displays, the same 9-axis motion sensor, gyroscope, accelerometer, magnetometer, and ambient light sensor. The Epson BT-40 has a USB Type-C connector, designed to plug directly into a laptop, phone, or tablet. That way it can be used as a private external display, or for media consumption.

The Epson BT-40S, meanwhile, comes with the latest version of Epson’s Intelligent Touch Controller. The BO-IC400 is effectively a mini-PC running Android 9.0 – though Epson says Android 11 should arrive within a year of launch – on a Qualcomm Snapdragon XR1 chipset. There’s a 2.95-inch 854 x 480 touchscreen and 7 physical buttons, along with a 13-megapixel camera, WiFi 802.11ac and Bluetooth, a speaker and noise-cancelling microphone, and 64GB of storage with a microSD slot for up to 2TB cards.

The BO-IC400 has two USB-C ports – one for the BT-40S headset, the other for accessories – and Epson says it should run for up to 5 hours depending on how you use it. You can mirror apps, having them open on both the touchscreen and the headset, or use it in extended mode where the touchscreen shows the Android app launcher while software loads on the glasses. Alternatively, you can use the touchscreen as a trackpad or directional controller to navigate what you see in the headset.

While this isn’t Epson’s first mini-PC, of the big advantages for this iteration is that it has Google Mobile Services. That means it’ll be able to come preloaded with apps like Gmail, Google Maps, Chrome, Google Photos, and the Google Play store. Epson is also looking at the possibility of loading video conferencing apps like Teams and Zoom, the company says, since remote collaboration is one of the big use-cases businesses are already relying on its headsets for.

The Moverio BT-40 will be priced at $579, while the BT-40S bundle will be $999. Meanwhile the existing Epson BT-35E will be $799, and continue targeting the drone pilot audience.

While Epson will be happy to sell the new headsets to individual consumers, it’s increasingly realistic about where augmented reality will grow, at least for the moment. “Lots of AR companies look for that sticky consumer application,” Remi Del Mar, senior product manager of Digital Experiences, Augmented Reality and Commercial Display Solutions at Epson America, pointed out in an interview; for Epson, that’s mainly been drones in the US, and tourism in Europe. However, for the time being, the “majority of our focus is going to be on enterprise applications.”

It’ll mean Epson can bypass, for the time being at least, questions around whether smart glasses should include cameras. “This privacy aspect is sticky,” Del Mar agrees. “If you do a non-camera version, it’s more consumer friendly, but is there enough of an application for it?”

The other side to that strategy is that Epson isn’t just building AR glasses to sell, but using them to pitch its own Si-OLED optical engines. The company is tight-lipped on who it might be talking to on that front – Del Mar says that there are some pilots underway in Taiwan, but won’t be drawn on any more details – but it means that Epson doesn’t feel the need to be in every segment, or compete on every front.

It doesn’t, for instance, have versions of the Moverio range for healthcare or telemedicine, despite seeing them as potential growth segments, in no small part because of the intricacies of the regulations around devices used in medical settings. However, Epson would be quite happy to provide the optical engines to go into third-party solutions for that.

The new Moverio BT-40 and BT-40S will go on sale in Q2 2021.

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Google TV app to include deprecated Android TV Remote app



Just like with its messaging platforms, Google hasn’t exactly been consistent about its digital media ecosystems. Google News was once Google Play Newsstand which was once Google Play Magazines and Google Currents combined. Google Play Music was supplanted by YouTube Music and now the Google Play Movies & TV app has been renamed Google TV, which is different from the Google TV “skin” based on Android TV. To be fair, Google does try to consolidate things, like retiring an obsolete Android TV remote control app and shoving it into the new Google TV app.

It probably won’t be long before Google consolidates its video-on-demand platforms and branding into a single “Google TV”. Whether that will replace Android TV, just as Wear OS replaced Android Wear, is still an open question but, at least for now, Google TV seems to be focused on the user interface, viewing experience, and, of course, its digital content store.

The old Google Play Movies & TV Android app that Google TV replaced mostly focused on those as well but it seems it’s being primed to do more soon. 9to5Google found traces of functionality that refers to a directional pad as well as enter and back buttons. There’s also mention of pairing the phone to an Android TV.

These operations are already found on the standalone Android TV Remote Control. Although the app still exists on the Google Play Store, it hasn’t seen an update since 2017. Considering Google may be moving to put all its Android TV and videos in one basket, it makes sense to retire such a standalone app and just incorporate its pretty basic features into a single Google TV app.

At the moment, these new features don’t work at all but it does hint at the direction Google might be heading for Google TV. While it might be nice to have everything under a single Google TV banner, there is also the overlap with YouTube and YouTube TV that could make some wary of another Google Play Music scenario in the near future.

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ASUS ROG Phone 5 might have more RAM you’ll ever need for now



How much RAM do you need for a smartphone? Disregarded the old joke about 640KB of RAM for PCs in the late 80s, smartphone memory seems to have stalled at 12GB in the past year or so with very few exceptions. That said, it seems that high-end smartphones are ready to push the envelope again with the ROG PHone 5 going beyond the 16GB that you’d find on the Galaxy S21 Ultra 5G this year.

Just for a quick refresher, RAM is that volatile (meaning it loses data when power goes out) memory space that’s used not for holding data you want to keep but for programs to stay while running. To keep it overly simple, the more RAM you have, the more programs you can have running at the same time before the operating system starts killing unused programs to make room for more. This is why phones with less RAM often have problems multi-tasking, forcing apps to be restarted when you switch back to them because they were killed in the background.

That is true for normal apps but is even more true for games that have large pieces of code and data that need to be kept in memory to run fast and smoothly. It’s really no surprise, then, that the first smartphones that boasted 16GB of RAM were gaming phones like the Lenovo Legion Duel (or Pro) and the ASUS ROG Phone 3. According to a Geekbench sighting, the ASUS ROG Phone 5 will be taking that to the next level even.

The benchmark notes a RAM size of 16.97GB which, given how these numbers work, suggests that the phone could actually have 18GB of RAM. That is quite a large amount of RAM that, even with today’s demanding mobile games, might sound almost too much. Then again, ASUS offers various configurations for its ROG Phones so this could simply be the top-end variant.

The entry doesn’t have other details to offer but we can already piece some of those together. The phone will undoubtedly take advantage of all the power that the Snapdragon 888 has to offer, for example, and DxOMark’s recent audio benchmark revealed not just the return of the 3.5mm headphone jack but also what seems to be a display on its back purely for branding purposes. The ASUS ROG Phone 5 is slated to debut on March 10 so Android gamers won’t have too long to wait for confirmation.

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