Public transport’s loss is e-bikes’ gain. The aversion to asset sharing is likely to persist for as long as there is no reliable vaccine (evidenced by the sudden spike in demand for e-bikes) meaning that the pressure on the asset sharing industry is not going to change anytime soon. The example of New Zealand shows that it is not...
A study with questionable motivations. I have long argued that the automobile insurance industry must resist the adoption of autonomous driving for as long as it can (see here) and a study from one of its industry bodies seems to be aimed at doing exactly that. Despite protestations to the contrary from the industry, I firmly believe that autonomous driving...
All priced in. Zoom reported very strong Q1 2020 results on all levels as far more customers than expected paid up for the service amid the flood of free users caused by the pandemic. Q1 2020 revenue / EPS were $328m / $0.09 compared to consensus at $203m / $0.01. Customers paying more than $100,000 per year was up 90%...
Quibi looks doomed to fail. The early figures for Quibi are very disappointing which the company is blaming on the pandemic lockdown which I find very surprising as everyone else is finding precisely the opposite. I suspect that the reality is that the video format that Quibi is pushing simply does not work under any circumstances which will result in...
The West hardens further signalling a terrible 2020 and 2021. The combination of a U-turn by the UK, failure to get the extradition case against its CFO thrown-out, the loss of TSMC and a hardening of the EU’s stance personified by Denmark all in the space of 10 days is setting up a really awful year for Huawei. Huawei did...
Microsoft is determined not to make a mess of this generation. Microsoft is still licking its wounds from being trounced by Sony in the last console generation but is showing all the signs of not repeating the mistakes that allowed Sony to outsell it 2 to 1. Ahead of Sony’s event next week, Microsoft has announced that its new console...
TikTok needs independence to remove the growing regulatory risk. TikTok has joined Huawei as one of only two Chinese technology companies that have enjoyed great success in markets outside of China, but at the same time, this leaves it vulnerable to becoming another pawn in the long-running battle between China and the USA. ByteDance has had a fantastic 2019 generating...
Consolidation wave gathers momentum. Zoox would make a good fit for Amazon which clearly intends to capitalise on autonomous driving being much later than expected meaning that the smaller players run out of money before the market emerges. In my opinion, Zoox is one of the better players in the autonomous driving world. This view is based on the DMV...
Meituan invests to accelerate adoption. Meituan Dianping reported good results as revenue fell less than expected and has picked up quickly following the re-opening of the Chinese economy. However, the company swung back to a loss as it is investing heavily to accelerate the adoption of its platform more widely than its current remit. Q1 20 revenues / EBIT were...
Richard is founder, owner of research company, Radio Free Mobile. He has 16 years of experience working in sell side equity research. During his 11 year tenure at Nomura Securities, he focused on the equity coverage of the Global Technology sector.
Huawei – Nowhere to run pt XVII.
Patent counting is not an indication of reality. The notion that the number of patents that one holds is a refection of one’s contribution to a technology is deeply flawed and in the case of Huawei, most of the evidence points to the contrary. Hence, I don’t think that having a large patent count is going to help alleviate the...