Reply to this post Chinese regulatory risk laid bare in Baidu’s latest earnings report. Baidu reported a difficult set of results where increasing government regulation of digital advertising has hammered its short-term growth. Q3 16A Revenues / Adj-EPS were RMB18.25bn / RMB9.92 compared to forecasts of RMB18.21 / RMB7.34 and RFM at RMB18.5bn / RMB7.86...
Reply to this post Solid quarter at Google but Amazon slips back into bad habits. Twitter in limbo. Alphabet Alphabet reported good results as recent strength that it has seen in advertising from mobile devices and YouTube continued to underpin growth. Q3 16A revenues-exTAC / adj. EPS were $18.3bn / $9.06 compared to consensus at...
Reply to this post Microsoft is so focused on the future that it misses the opportunity in the present. Microsoft has moved even further away from the consumer with its Creators Update for Windows 10 and the launch of the Surface Studio complete with the Surface Dial accessory. At the same time, Microsoft continues to...
Reply to this post Margin pressure from product mix is not a problem. Apple reported results that broadly met expectations although slight weakness in profitability is an indicator that some users are buying the cheaper iPhone 6s rather than the 7. FQ4 16A revenues / EPS were $46.9bn / $1.67 compared to consensus at $47.0bn...
Reply to this post Still, no one knows why they should buy one. Apple Watch 2 has failed to revive the flagging smartwatch market in yet another sign that wearables remain a solution looking for a problem. The latest data from IDC shows that the smartwatch market (a subset of wearables) declined by 51.6% YoY...
Reply to this post Qualcomm thrashes Intel but not where it really matters. It appears that Qualcomm has once again demonstrated superiority over its peers when it comes to radio but I think it highly unlikely that users will notice. Radio performance analysis specialists Cellular Insights have run a series of tests on the iPhone...
Reply to this post LeEco’s real disruption is price. LeEco launched its assault upon the US market with a glitzy but confusing press event where the real standout was the prices of its new devices. LeEco is a Chinese media streaming company that is hoping to build upon its media heritage by creating an open...
Reply to this post Samsung presents Google with a unique opportunity The combination of more than 10m potential buyers and surprisingly good reviews coming in from the Internet presents Pixel with a great and unexpected opportunity. On first glance, the Pixel is a mediocre looking device coming at a premium price but there is far...
Reply to this post AI is emerging as a major weakness for Facebook. There are signs that Facebook is really struggling with automation as it is clear that its algorithms are inferior to those used by Google, Baidu, Yandex, Microsoft, Apple and almost everybody else. This will become a major problem as I am convinced...
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 & Xiaomi – Easy come, easy go.
Reply to this post Huawei and Xiaomi need a deal with the BATmen. The rise of Vivo and Oppo in China against incumbents Huawei and Xiaomi is just another indication that all of the value in the handset industry has long been ceded to the ecosystem. The Chinese ecosystem is almost completely dominated by the...