Reply to this post Tencent remains a few steps away from greatness. Tencent followed Alibaba in reporting a mighty set of numbers driven not by user numbers, but by its ability to generate more revenues from the users it already has. Q2 16A revenues / EPS were RMB35.7bn / RMB1.13 compared to forecasts of RMB33.3bn...
Reply to this post Amazon still misses the wood for the trees. Twitch has announced that it will be acquiring Curse which further underlines how disparate and independent Amazon’s properties are and how far Amazon is from becoming a real ecosystem. Twitch is a website that streams gaming videos and has created a community around...
Reply to this post Falling revenues reduces valuation to $3.6bn (92% below last raise). Xiaomi has slipped to number 3 in its home market which combined with stagnation overseas continues to make the outlook increasingly bleak. Counterpoint Research indicates that in Q2 16A Xiaomi shipped 12.6m units (a decline of 26% YoY) in China and 14.5m...
Reply to this post Russian ruling could have global implications. Although the Russian complaint against Google is a sideshow compared to the EU, it could materially weaken Google’s global agreements that allow it to ensure its ecosystem is on almost all Android devices in developed markets. The Russian regulator (FAS) has already fined Google $6.75m...
Reply to this post Improving monetisation underpins mighty numbers. Alibaba reported very strong FYQ1 16A results as a very good performance in e-commerce was enhanced even further by Alicloud and the investments Alibaba has made in the ecosystem. FYQ1 16A revenues / EBIT were RMB32.15bn / RMB8.8bn compared to consensus at RMB29.8bn / RMB8.5bn and...
Reply to this post I think the acquisition of Dacor is all about cross-device. Samsung’s move to buy the high-end white goods maker, Dacor, looks odd but behind this move I see a strategy aimed at strengthening Samsung’s appeal across all device types. Dacor is a high end kitchen appliance maker whose range spans cookers,...
Reply to this post WhatsApp could be the edge Facebook needs to catch-up. Facebook is finding other ways to penetrate the Indian market having had its Free Basics strategy taken down a peg by the Indian regulator in February (see here). I see Google comfortably in the lead in India by cleverly generating significant demand...
Reply to this post Security is just another reason to close Android down. Another vulnerability has emerged that exposes over 900m Android devices to the possibility of granting root access to hackers potentially making the device part of an illicit botnet as well as the theft of all data on the device. Checkpoint has released...
Reply to this post LeEco looks more like Samsung than Apple. LeEco is rapidly assembling the pieces that it needs to create a global digital ecosystem, but it will only become a thriving ecosystem when all the pieces work together seamlessly. LeEco is a new player in the ecosystem space which finds it roots in...
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.
Lenovo Q1 17A – Heavy weather.
Reply to this post I see opportunity but not without risk. Lenovo is hanging on in the difficult markets that it serves, but I think there is an opportunity for it to be as creative in PCs as it has been in handsets. Q1 17A revenues / EBIT were US$10.1bn / $245m nicely ahead of...