Reply to this post Microsoft and Amazon have a very different day. Microsoft FQ2 16A. Microsoft reported steady results as Office 365 and cloud services more than offset the weakness in the PC market. FQ2 16A revenues / Adj-EPS were $25.7bn / $0.78 compared to consensus at $25.3bn / $0.71 and RFM at $26.5bn /...
Reply to this post There is a bump in the road ahead. Facebook reported very strong results as revenues from both mobile and fixed saw stronger Q4 seasonality than I had been expecting. This combined with increasing optimism around Facebook’s resistance to a slowing economy sent the shares up 12% in after-hours trading. Q4 15A...
Reply to this post Apple’s slowdown is completely normal and priced in. Apple reported steady Q1 16A results as the ending of the iPhone 6 replacement cycle is making it very difficult to grow revenues beyond their current levels. Q1 16A revenues / EPS were $75.9bn / $3.28 pretty much in line with consensus at...
Reply to this post Twitter could easily trade below $10 per share. Everything is changing at Twitter except the one thing that really matters: its strategy. . Part time CEO Jack Dorsey is cleaning house with 4 senior executives removed and the likelihood of 2 new board members to come. Head of engineering, head of...
Reply to this post Trouble with Oracle gives the perfect excuse to abandon open source. Vast revenues from Android should come as no surprise. Google’s titanic 5 year struggle with Oracle took another twist at the end of last week with Oracle disclosing how much money it thinks Google has made from Android. In justifying...
Reply to this post S7 leaks highlight that Samsung remains all about volume. The specifications of Samsung’s next flagship product appear to show that Samsung is taking very little risk with its handset business this year. The Galaxy s7 will be launched in February and is expected to be made available in s7, s7 EDGE...
Reply to this post Spotify and Apple are the only two with a bright future. Spotify has the smarts, Apple the default while Deezer manages to scrape together some cash. Spotify has acquired two companies that when integrated into its service will continue to allow it to remain one step ahead of Apple when it...
Reply to this post The market is calling out the donkeys disguising themselves as unicorns. The market has gotten off to a terrible start in 2016, but it is also taking no prisoners when it comes to separating the unicorns from the donkeys (see here and here). Until recently, any company whose business is based...
Reply to this post WhatsApp will have to be integrated to earn a good return. Facebook has finally admitted that subscription is not the way forward for WhatsApp but I suspect that enterprise is merely a stop gap. WhatsApp founder, Jan Koum has officially dropped the subscription fee of $0.99 and stated that the company...
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.
Alibaba FQ3 15A – Law of large numbers
Reply to this post A slowdown at Alibaba is inevitable. Alibaba reported good FQ3 15A results but there are signs that the outlook going forward will be somewhat slower than the market would like. FQ3 15A revenues / Adj-EPS were RMB 35.5bn (US$5.3bn) / RMB 6.43 (US$ 0.99) comfortably ahead of consensus at RMB 33.0bn...