Cuts look much bigger than they seem. Microsoft’s planned 18,000 job cuts seems to spell the end of in-house manufacturing and has wide implications for Microsoft overall. A total of 18,000 permanent positions are to go of which 12,500 are coming from the Nokia Devices and Services business. At the same time Microsoft has imposed...
Good performance justifies the love Google reported good results as advertising volume continued to comfortably outpace pricing declines. Q2A Revenues-exTAC / Adj-EPS were $12.7bn / $6.08 compared to consensus at $12.3bn / $6.25 and RFM at $12.9bn / $6.20. Margins also improved somewhat as revenue from owned and operated sites where no traffic acquisition cost...
Alliance is just a first step in addressing the enterprise. Apple and IBM have announced an exclusive partnership that will make iOS devices a much more realistic option for an enterprise when purchased through IBM. For Apple, this means that IBM will encourage its customers to use iOS devices ahead of anything else for mobile...
Alibaba hides very disappointing display revenues. Once again Yahoo! has managed to keep poor results hidden amongst the spotlight glare of Alibaba. Q2A Revenues / EPS were $1.04bn / $0.37 compared to consensus at $1.09bn / $0.38. The biggest disappointment was in revenues from display advertising. Yahoo! has been promising a turnaround in these revenues...
If all you do is build it, they won’t come. Nadella’s recent memo says all the right things but reveals the vast amount of work that is needed to make this dream a reality. All through the 3,000 word memo it is clear that Microsoft intends to make the most of the assets it has...
RFM is hanging up the mike until Tuesday 15th July.
RFM still expects the PC market to grow in H2 2014. Both IDC and Gartner gave their estimates of the PC market in Q2 and both are seeing signs of improvement. IDC saw a 0.1% growth YoY in Q2 while Gartner saw the slowest decline since Q2 2012 with a fall of 1.7% YoY. Between...
Users are buying Xiaomi for the right reasons. With 26.1m devices sold in H1 2014, Xiaomi is becoming a force to be reckoned with. This performance moves it up into contention with Huawei, LG Electronics and Lenovo all of whom I expect to have shipped similar volumes during the first half of 2014. Xiaomi’s volumes...
The decline may have started early. Samsung reported very disappointing Q2 14A results but it looks like the whisper numbers and comments from the CFO last month have already taken care of the valuation impact for now. Q2A revenues and EBIT were KRW51tn-KRW53tn / KRW7.0tn-KRW7.4tn. The median points are KRW52tn and KRW7.2tn. This is meaningfully...
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.
Samsung vs. Google – Sun Valley tea party
Fight over wearables looks like a storm in a teacup. Samsung and Google are at it again but this time the fight is over what software Samsung should use on its wearable devices. At a recent industry event in Sun Valley, Idaho it was clear that tensions between Samsung and Google are still running high....