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...
Key signal for a wearable launch still missing. The market has worked itself into a fever pitch with regards to the imminent launch of the iWatch. The latest device is supposed to have a curved rectangular screen, wireless charging and is possibly will get some of its power from solar cells. Apple has compounded speculation...
One quarter does not make a recovery. HTC reported good Q2 results as cuts to marketing expenses allowed profitability to make up for weak sales. Q2A revenues / net income were NT$65.1bn / NT$2.26bn compared to consensus at NT$66.9bn / NT$2.06bn. This was well adrift of the company’s own forecast of revenues at NT$65bn-NT$70bn. This...
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.
Google Q2A – Top of the pops.
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...