Lyft may be causing more problems than it should. Uber produced a quarter where revenue growth slowed and there was little sign of the profitability that would indicate that Lyft is no longer a problem giving a clear path to a successful IPO. Q2 18 revenues / net income were $2.8bn / LOSS$891m with revenue growth of 63% and...
RFM will return from fishing on August 16th.
Hopefully, the indication of profits can become reality. Amazon produced good results making up for a revenue shortfall with profitability, raising hopes yet again that at last Amazon is at last beginning to make money for its owners. Q2 18 revenues / EPS were $52.9bn / $5.07 slightly adrift of revenue expectations of $57.6bn but well ahead of consensus EPS...
AI chickens come home to roost. The chickens have finally come home to roost as Facebook has guided very badly for medium term as its weaknesses in AI are forcing to keep hiring humans to do the jobs that the machines are incapable of. The response was a 20% decline in the shares in after-hours trading. Outside of guidance, Facebook’s...
Bixby is a reason not to choose a Samsung device While all eyes will be on the Galaxy Note 9 at Samsung’s next launch event, Bixby 2.0 is likely to debut in a smart speaker which may actually damage its sales potential. Bixby is Samsung’s attempt to compete against Google Assistant and Amazon Alexa and so far, it has been...
EU issues brushed aside. Alphabet contemptuously brushed aside the regulatory gadfly when it reported excellent Q2 18 results where mobile maturity is having margin benefits. Q2 18 revenues-ex TAC / Adj-EPS were $26.24bn / $11.75 well ahead of consensus estimates at $25.55bn / $9.54. The main reason for the strong performance on profitability was a big improvement in gross margins...
Misleading rebuttal that Google did not need to make. Google has responded with dismay to the EU’s decision announced on the 8th of July but I suspect that behind closed doors, it is perfectly happy with the decision with the exception of $5.03bn fine. Google has made a statement that rebuts the EU’s assertion that it has abused its position...
There is no real return to the consumer. Microsoft reported a great finish to its 2018 fiscal year as its enterprise business went from strength to strength and I think it is clear that there is no return to the consumer on the cards. FQ4 18 revenues / EPS were $30.1bn / $1.14, comfortably ahead of expectations of $29.2bn /...
EU fails to demand the one remedy that could make a difference. The EU has fined Google a record €4.34 ($5.03bn) for three practices that it considers illegal when it comes to how Google ensures that its ecosystem is the dominant ecosystem on Android. I think the EU has completely missed the point. The bundling of Google Play with the...
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.
Qutoutiao IPO – Jumped gun
Way too early to go public. Most metrics for Qutoutiao are pointing in the wrong direction, leaving only its relatively low penetration of the Chinese market as a positive. Qutoutiao is a content aggregator which makes some sense in a world where there is so much content that finding what one likes is increasingly difficult. On the plus side, those...