In the Innovator’s Curse I reflected on the fact that a serial innovator cannot be efficiently financed or even rewarded for having figured out how to repeatably create. If anything, a serial innovator has to suffer a discount to peers who do not habitually (or ever) innovate. The innovation process is the proverbial goose that … Continue reading “The rear view mirror”
Tim Cook famously said: We can put all of our products on the table you’re sitting at. Those products together sell $40 billion per year. No other company can make that claim except perhaps an oil company. For those of you laughing, that was three years ago. The revenues quadrupled since to a total of … Continue reading “The Revenue Table (imperial units edition)”
In the latest quarter the iTunes group top line grew by 25%. Additional newly reported items: Quarterly revenues dipped slightly to $4 billion (second highest after $4.1 billion last quarter). iTunes Stores billings (i.e. gross content revenues) were $4.3 billion Reached the best month and best week ever for App Store billings at the end … Continue reading “iTunes Update”
Here are the latest performance figures for the Apple stores: Stores Open and Visitors Visitors per employee,Visitors per store, Revenues per store and Employees correlated with Visitors.
Using interactive graphics and narration, this latest Apple Earnings Review discusses Apple’s performance in relation of its historic performance as well as to expectations (published in the Preview) on the following topics: Guidance vs Actual performance: Now that Apple changed the way it provides guidance, are we seeing a new degree of precision in their … Continue reading “Apple’s 3Q FY13 Review (Padcast)”
Nokia’s Windows (Smart)Phone performance was drowned out last week by Microsoft’s big announcement of the Surface inventory write-off. They are pieces of the same puzzle however. First, a look at Nokia. There were 7.4 million Lumia phones sold in Q2 with 0.5 million sold in the US. Although Windows Phones grew sequentially from 5.6 million … Continue reading “Switcher”
As Intel has improved its products, their demand has decreased. Enormous efforts put into improvements are neither valued nor absorbed. The problem is not with the processors themselves but with the systems within which they are built: PC sales fell again last quarter and the contraction is likely to continue. We received affirmation of this … Continue reading “The PC Calamity”
… says UBS analyst John Hodulik, as quoted by the Wall Street Journal. No they haven’t. According to the latest comScore survey data, 98 million Americans above the age of 13 don’t use a smartphone as their primary phone. That’s 41% of US mobile phone users. What’s more, 2.5 million more people first started using smartphones in … Continue reading “"Everybody has got a smartphone"”
Last week BlackBerry announced that it had 72 million subscriber accounts. The current market capitalization is $5.4 billion and enterprise value (i.e. excluding net cash) is about $2.8 billion. That implies a net present value of about $40 for each account. This is quite a drop from early 2010 when the value was $866. The … Continue reading “What's a BlackBerry user worth?”
After having “taken the show on the road” and spending an inordinate amount of time giving presentations during the last year I came to the conclusion that what remains less than good enough for presentations is the variable quality of projectors. The problem is not just quality of image but also the unpredictable size of … Continue reading “The end of the projector”
