Anonymous login is a land grab for user data. Facebook is holding its F8 developer conference this week at which the most significant announcement was anonymous login. This is a new feature that allows users, who use Facebook to login into third party apps and services, to control how much, if any, of their data...
Nokia’s new strategy is focused on the shareholder. With the deal to sell the handset business to Microsoft now closed, Nokia has announced its new strategy, capital structure and leadership team. Nokia will position each of its three remaining businesses for growth, return €3bn to shareholders over the next 18months and pay down €2bn of...
Synergies will be pretty easy to achieve. With the Chinese finally signing off on the deal, Microsoft has finally managed to close its purchase of the Nokia handset business. Now that handsets are now part of Microsoft, the focus will now move to profitability and how the $600m of synergies will be achieved before the...
The foundations of something better are being laid. Microsoft reported good results as cloud and corporate helped offset the ongoing weakness in PCs. Fiscal Q3 revenues / EPS were $20.4bn / $0.68 compared to consensus at $20.4bn / $0.63. Streamlining of OPEX and the transfer of a key campaign from Q3 to Q4 was...
Apple and Facebook raise hopes after Google. Apple Apple reported good results as iPhones shipped in much better volumes than expected. The increased dividend and plans to return a further $30bn to investors also boosted optimism. Q2A revenues / EPS were $45.6bn / $11.62 compared to consensus at $43.6bn / $10.16 respectively. The iPhone was...
A beat is on the cards but guidance could be a hiccup. Apple reports Q2E results after the US close today. (Wednesday 23rd April 2014). Consensus is calling for Revenues / EPS of $43.6bn / $10.16 in fiscal Q2E and $38.5bn / $8.57 for fiscal Q3E. The iPhone is likely to be the key determining...
Nike’s hardware exit is ominous for those that remain. The exit of Nike from its FuelBand product shows how difficult hardware can be and that the real value is in the service and the data. . It looks very much as if Nike has laid-off the engineering team responsible for its FuelBand product meaning that...
Mobile pricing is likely to stay low for a while. Google failed to beat expectations as pricing fell by more than expected due to the shift of spend from desktop to mobile. Q1 14 Revenues and adjusted EPS were $12.2bn / $6.00 compared to consensus at $12.3bn / $6.39. Profitability fell short as gross margin...
Opportunity remains but time shortens. Yahoo! reported reasonable results from its core operations while it was Alibaba that drove Net Income to be above expectations. Revenue / Net Income were $1.09bn / $402m beating consensus of $1.08bn / $372m by 1% and 8% respectively. This was almost entirely driven by Alibaba which grew revenues by...
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.
Twitter Q1 – Dreams meet reality
Twitter’s Q1 was good, but not nearly good enough. Twitter reported results that met headline expectations but were not the blow-out that the valuation of the stock demands. Q1 revenues / adjusted-EBITDA were $250m / $37m compared to consensus at $242m / $20m. The monthly active user count accelerated to grow 6% QoQ (up from...