Leap Motion has huge potential but this version is no more than a toy. The delayed Leap Motion controller is finally in the wild but it does not look ready to be the answer to the touch screen yet. The Leap Motion controller is a cool looking device that sits on the desktop and allows...
Great numbers but the bigger picture is missing. FaceBook reported strong Q2 results as monetisation of mobile traffic improved much better than anyone expected. Q2 Revenues / EPS were $1.81bn / $0.19 compared to consensus at $1.62bn / $0.14. Mobile was the star of the day making up 41% of total revenues up from 30%...
These results have maturity written all over them. Apple reported Q3 results that beat expectations as iPhone shipments beat expectations by 20%. Q3A Consensus Revenues $35.3bn $35.0bn Gross Margin 36.9% 36.6% EPS $7.47 $7.34 iPhone 31.2m 26.1m iMac 3.8m 3.9m iPad 14.6m 18.0m Guidance was weak with revenues / gross margins of $34bn-$37bn / 36%-37%...
Google looks increasingly mature from here. The key to monetisation of the internet is user data and Google has this in spades. A recent study (Deepfield) has revealed that 60% of all connected devices in the US share data with Google’s servers every day. This makes Google’s share of internet activity larger than Facebook, Netflix...
There is no point in acquiring Tom Tom. The wires have been alive for the last few days with the notion that Apple is on the acquisition trail to fix its mapping issues as well as delaying its iPhone 5S launch to increase the screen size. When it comes to maps the hornets are circulating...
Google and Microsoft both had a difficult night. Google Google reported results that missed expectations as price erosion hit revenues and investments worsened the situation on the bottom line. Q2 revenues (ex-TAC) / EPS were $11.16bn / $9.56 compared to estimates of $11.3bn /$10.8. This represents a 1.3% and 11.5% miss respectively. The main problem...
Light Q2 sets up potential for a bounce in Q3. Nokia missed revenue expectations but profitability improved to allow profits to come in ahead of expectations. Q2A Consensus RFM estimate Units 61.1m 74.0m 62.0m Mobile Phone 53.7m 66.0m 55.0m ASPs €26 N/A €27.0 Lumia Devices 7.4m 8.0m 7.5m ASPs €157 €175 €165 D and S...
Shareholders are playing a dangerous game in trying to force a higher price. Today is the day when shareholders must vote on the offer made by Michael Dell and Silverlake to acquire the company for $13.65 a share. To succeed the deal must win the approval of more than 50% of all shareholders excluding the...
Yahoo! has a lot going for it but it will be some time before it shows in the numbers. Yahoo! reported Q2 results that were hindered by weakness in display advertising but rescued by great performance from its Asian associates. Q2 Revenue and adjusted EPS were $1.07bn / $0.35 compared to expectations of $1.08bn and $0.30 respectively....
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 Q2 – Sign of things to come.
If the smartphone market fragments it will hurt Samsung’s margins. Samsung reported weak results and as expected it was the handset business that was mostly to blame. Revenues / Net Income were KRW 57.5tn / KRW7.58tn compared to consensus of KRW58.6tn / KRW8.02tn. The biggest problem was the slowdown in the high end of the...