I began comparing Microsoft and Apple’s financial performance with a review of “top line” or revenues by product lines over a four year period. This post is about the “bottom line” for the same companies and products. Before I jump in I would like to make sure there is no confusion about the terms. I … Continue reading “iOS vs. Microsoft: Comparing the bottom lines”
Apple’s valuation has been discussed several times on Asymco. Apple’s relative valuation in terms of P/E ratio has not improved since the recession despite an acceleration in financial performance. As Apple seems to be getting punished for growth, we have to also ask if it is the only one. When looking at valuation from an … Continue reading “Apple and comparables P/E ratios: Is punishment for growth being dispensed equally?”
Nearly all the data on smartphone shipments is now available for the second quarter 2011. Some fragments are still not public, including ZTE and Huawei (and any others) shipments. We also have estimates for the various platforms including an estimate for Windows Phone and Bada (though not for WebOS). This allows the following chart: Using … Continue reading “The Android and iOS pincer movement”
During the last WWDC Apple revealed that there were 54 million active Mac users. If we look at the history of the product we can see that it took about 5.5 years to sell 54 million Macs. If we assume therefore that the average lifetime of a Mac is 5.5 years and knowing that Mac … Continue reading “How much is an iOS user worth to Apple? About $150. Every year.”
According to 148apps.biz, the App Store has seen over half a million apps since inception. The number of available apps, according to Apple, is now 425k. (148apps claims 402k apps available in the US store.) The history of the App store catalog is shown in the following chart (showing both US and World-wide measures). In … Continue reading “Android developers are more prolific but less persistent than iOS developers”
While a lot of the credit for Apple’s success is rightfully assigned to the iOS franchises, the OS X business has more than quadrupled in five years. This has happened without drastic price fluctuations. Neither holds for the overall PC industry which has seen both volume and sales decline while prices have eroded along with … Continue reading “Windows generates less than a third the profit of iOS + OS X”
Yesterday I wrote about the growth in Android vs. iOS. The two platforms’ can be said to be enjoying healthy growth, though in markedly different patterns. The consequences of this growth are being felt across the telecom and computing industries. There are almost 300 million platform devices in use today that were not even dreamed … Continue reading “iOS vs. Android: the tale as told by Wall Street”
As iPad shipment volumes increase and as the iPod touch becomes the de-facto iPod, it’s time to look at the overall split between iOS devices. I will focus the discussion between iPhone and iOS “others” because I believe the two categories differ greatly in terms of their positioning and market strategy due to the different … Continue reading “iOS distribution: do operators hold the keys?”
As the highly profitable iPhone makes up an increasingly larger proportion of Apple’s sales, the overall gross margin would be expected to grow. Sure enough that’s what’s been happening. The gross margin percent, which measures the direct or variable costs of production vs. price, shows a healthy rise in the last five years from slightly … Continue reading “iOS enables 71% of Apple's profits. Platform products power 93% of gross margin”
The iPhone and iPad generated $15 billion of revenue last quarter. In addition, iPod touch generated about $2.3 billion, implying that iOS based devices were responsible for sales of $17.3 billion. To put that in perspective I drew this chart which shows not only the sales by products but a rough representation of share of … Continue reading “65% of Apple's sales came from iOS powered devices”
