Reply to this post Many birds hit with one stone but the elephant is missed. Google’s restructuring should bring some improved visibility and flexibility into Google (the birds) but the corporate governance problem (the elephant) looks certain to remain. Google has announced that it is to reorganise into a holding company called Alphabet within which...
Reply to this post Spotify net adds is the key metric to watch. Apple has announced that it has signed up 11m trial members for its streaming music service of which 2m have opted for the $14.99 family package for up to 6 members. Whichever way one slices the data, these are excellent numbers and...
Reply to this post Hopes for recovery exist in virtual reality. HTC reported Q2 15A results that were in line with reduced expectations but admitted that there is far worse to come in Q3 15E. Q2 15A revenues / EBIT was NT$33.0bn / LOSS NT$5.1bn which was in line with the guidance given at the...
Reply to this post Fitbit showing every sign of doing a GoPro. Fitbit reported blowout Q2 15A results but the shares fell 16% as gross margins saw some pressure from product mix. Q2 15A revenues / EPS were $400m / $0.21 compared to estimates at $319m / $0.08. Q3 15E revenues / EPS are forecast...
Reply to this post User experience likely to aid Microsoft in the next generation. Sony has crushed Microsoft when it comes to hardware volumes in the current generation, but it is so far behind on the user experience that the next generation might be quite another story. Microsoft has announced the new user experience coming...
Reply to this post Yahoo! needs to tidy its house before it can successfully expand. Yahoo! is going to spend $230m on Polyvore which is a website that has created a community around discovering and buying fashion. The value in this company is the community of style conscious consumers that it has created. On Polyvore,...
Reply to this post Sale of HERE is a reasonable deal for shareholders. Nokia has agreed to sell its mapping business, HERE, to a consortium of German auto manufacturers for USD3.1bn. This is 50% more than was rumoured (US$2.2bn – see here) but 22% less (US4bn) than I think could have been achieved if Nokia...
Reply to this post Product mix saves the day. Samsung reported another difficult set of results and the prospect of price cuts on the Galaxy s6 was met with some alarm. That being said despite losing a substantial amount of scale in its handset business, the fact that Samsung managed to keep handset profits and...
Reply to this post Facebook is making long-term ecosystem investments. Facebook reported good Q2 15A results but slowing growth in its core business and heavy investments caused short term investors to pause for thought. Q2 15A revenues / EPS were $4.04bn / $0.50m compared to consensus at $3.99bn / $0.47 despite a currency headwind that...
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 – Trip down the Amazon.
Reply to this post Alibaba is evolving to become the Amazon of China. With its 20% investment in Suning, Alibaba is starting look more and more like Amazon. Alibaba is investing $4.63bn for a 19.99% stake in Suning which is one of the largest consumer electronics retail chains in China. At the same time, Suning...