Samsung Rolls Out Latest Galaxy Note 10 Smartphone; Silicon Valley’s giants look more entrenched than ever before; Asset Managers With $74 Trillion on Brink of Historic Shakeout

• Samsung’s newest premium handsets, once its dominant growth driver, now make up just one-quarter of the company’s total shipments, as affluent consumers see fewer reasons to upgrade
• New flagship phones, in their first year of sales, have constituted a smaller share of Samsung’s total shipments in recent years
• As U.S. restrictions slow rival Huawei Technologies Co., Samsung can woo back buyers who had left for the Chinese rival

• The tech wobble of 2018 has turned out to be short-lived as the biggest firms, including Apple and Facebook, have come roaring back, with their stock prices at near record highs
• Listed technology firms make up more than a quarter of the value of America’s stock markets. The prevailing concern is not that tech firms are too flimsy to justify their valuations, but that their position is too powerful
• Nonetheless, the spectre of big tech firms abusing their troves of user data has tarnished their image

• Index funds are poised to overtake active management in the U.S. by 2021
• The combination of fee competition, rising costs and asset growth is creating never-before-seen pressures on asset managers
• In this new environment, the beneficiaries have been the world’s largest asset managers. They’ve been able to take advantage of their size to keep overall expenses down and help make up for lower fees. They are also the most likely to be offering both passive investments as well as actively managed funds.