Reply to this post Alphabet and Amazon both have a good night. Good Q2 16A results from Amazon and Google but a muted market reaction underscores that their valuations are both already pretty full. Alphabet Q2 16A Alphabet reported good results as usage of Google Mobile Services (GMS) continued to underpin search revenues which combined...
Reply to this post Facebook and Twitter going in opposite directions. Facebook and Twitter report very different results, highlighting the gulf between the haves and the have-nots in the digital ecosystem. Facebook Q2 16A Facebook reported very strong results as it continued to improve the degree to which it is able to monetise its users...
Reply to this post Apple as a bond is yielding 9.8%. Apple reported better than expected Q3 16A results as the iPhone SE sold better than its predecessor, the iPhone 5c, despite a much larger than expected channel inventory reduction. Q3 16A revenues / EPS were $42.2bn / $1.42 compared to consensus at $42.1bn /...
Reply to this post Long-term investors pay heavily in lost opportunity. Only in the context of Yahoo’s awful execution over the last 4 years can the sale of its operating business be called a good deal for investors. Yahoo has agreed to sell its operating businesses excluding cash, patents and investments to Verizon for...
Reply to this post The best option is to sell itself to China. There are further signs that Cyanogen is in trouble as it is laying off staff and may be about to go through yet another change in strategy. This is a far cry from 12 months ago when it had $80m in the...
Reply to this post Precipitous decline underscores the problem. It looks like demand for smartwatches has precipitously declined in Q2 16A, taking the overall outlook for wearables with it. To me this is just another signal that the market is not ready for wearables mostly because no one has really figured out what to do...
Reply to this post Huawei flat-line passes advantage to Samsung. The first indications for the smartphone market in Q2 16A are pointing a loss of momentum for Huawei, Vivo and Oppo which will put a crimp in their plans to continue their rapid growth in 2016. Huawei is of particular note as it has very...
Reply to this post Good results restore optimism in strategy Microsoft reported good FQ4 16A results supported by signs of stabilisation in PCs and excellent performance in the cloud. FQ4 16A revenues / adj-EPS were $22.6bn / $0.69 compared to consensus estimates of $22.1bn / $0.58 and RFM on $21.9bn / $0.59. Microsoft’s strong results...
Reply to this post Another quarter marred by more of same. Yahoo reported another dismal quarter where it badly underperformed both its peers, Google and Facebook, as well as its potential in mobile. Q2 16A revenue-ex TAC / adj-EPS were $841m / $0.09 compared to consensus at $840m / $0.10 as the core business continued...
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.
Uber and Didi – There can be only one
Reply to this post Uber exits China. Didi will become the one. Hot on the heels of the legalization of ride hailing in China, it looks as if the two big players will now merge to create a single entity that will dominate the local market. This is the classic end game scenario for...