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...
Reply to this post I think ARM could return to the market in 5 to 10 years. SoftBank and ARM have announced that SoftBank will acquire ARM for GBP17.0 per share in cash representing a 43% premium and a total price of $31.6bn. From ARM’s perspective the rationale for the deal is clear as: First:...
Reply to this post Apple and Google are the real & investible beneficiaries of Pokemon Go. Pokemon Go has nearly doubled Nintendo’s market capitalisation in the space of 8 days but I fear that it has all the hallmarks of a craze. Hence, I worry that its appeal will soon die down meaning that it...
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.
Facebook & Twitter – Black and white
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...