- Apple reported record revenue for its fiscal year and quarter, with strong growth in iPhone, Mac, and services sales. Revenue in China nearly doubled.
- Demand for the iPhone 6 and 6 Plus exceeded supply, and Apple Watch sales were ahead of expectations. The new Apple TV launched to a huge first day.
- Apple provided guidance for the next quarter of low single-digit revenue growth, though currency effects will reduce reported growth by about 7 percentage points.
- Questions focused on the iPhone upgrade cycle, opportunities in China and other emerging markets, enterprise sales, and the impact of currency hedging on profits. Tim Cook remained optimistic about long-term opportunities.
Apple Management Discusses Q3 2011 Results - Earnings Call TranscriptTommy Toy
- Apple reported record revenue of $28.6 billion for Q3 2011, an 82% increase from the previous year, driven by strong sales of iPhones and iPads.
- iPhone sales reached a record 20.3 million units, more than double the growth rate of the smartphone market. iPad sales also reached a record of 9.2 million units, with 183% growth over the previous year.
- Mac sales reached 3.95 million units, a 14% increase over the previous year and more than 4 times the estimated growth rate of the PC market.
- Apple provided guidance for Q4 2011, expecting revenue of $25 billion and EPS of around $5.50.
Apple inc (nasdaq.appl) earnings call report - fiscal 1st quarter ending de...Tommy Toy
Apple reported record quarterly earnings for Q1 FY2013, with revenue of $54.5 billion, up 27% year-over-year. This was driven by record iPhone and iPad sales of 47.8 million and 22.9 million units respectively. Apple also saw strong growth in revenue from iTunes, apps, and accessories. While Mac sales declined 16% to 4.1 million units, this was less than the industry average decline of 6%. Looking ahead, Apple provided revenue guidance of $41-43 billion for Q2 FY2013.
During this week's Invast Insights we cover:
► Market cap of Apple
► Where Apple is leveraged
► Apple and 2015
GRAB A 4 WEEK INVAST INSIGHTS FREE TRIAL (WEEKLY NEWSLETTER)
http://invast.com.au/insights
CONNECT WITH INVAST TODAY
Facebook ► https://www.facebook.com/invastglobal
Twitter ► http://twitter.com/InvastGlobal
Linkedin ► http://www.linkedin.com/company/invast
Invast ► http://www.invast.com.au
Google+ ► https://plus.google.com/+InvastAu/
- Apple reported record results for its fiscal Q2 2012, with revenue of $39.2 billion, a 59% increase year-over-year. This set a new record for revenue in a March quarter.
- iPhone sales were 35.1 million, up 88% year-over-year. iPad sales were 11.8 million, up 151% year-over-year. Both set new March quarter records.
- The call outlined strong growth across Apple's product segments and geographic regions, while also providing guidance for the next quarter with expected revenue of $34 billion, gross margin of 41.5%, and EPS of $8.68.
- PAX Global Technology reported strong financial results for 2020, with revenue and net profit reaching record highs. Revenue increased 14.7% driven by strong overseas growth, while net profit increased 44.3%.
- Android products contributed over 30% of revenue and the company shipped nearly 2 million Android units in 2020.
- The company increased its proposed dividend by 67% and declared a special 10th anniversary dividend, bringing the total dividend payout ratio to 33% for 2020. The company also conducted 12 share repurchases during the year.
- PAX Global reported strong financial results for the first half of 2021, with revenue increasing 30.6% and net profit rising 34.4%
- The company raised its full-year revenue growth target to at least 25% due to robust order levels and strong potential for Android products
- PAX is building a new industrial park that will double its production capacity to over 20 million units per year and enhance supply chain management
The document discusses Apple's business strategy and initiatives for 2012 under the leadership of Tim Cook. It focuses on 4 key themes: 1) Scaling operations globally to meet demand, 2) Expanding into China and developing markets, 3) Introducing a new Apple TV product, and 4) Managing Apple's large cash reserves. The document also discusses challenges Apple may face in these areas from competitors in consumer electronics and media companies.
Apple Management Discusses Q3 2011 Results - Earnings Call TranscriptTommy Toy
- Apple reported record revenue of $28.6 billion for Q3 2011, an 82% increase from the previous year, driven by strong sales of iPhones and iPads.
- iPhone sales reached a record 20.3 million units, more than double the growth rate of the smartphone market. iPad sales also reached a record of 9.2 million units, with 183% growth over the previous year.
- Mac sales reached 3.95 million units, a 14% increase over the previous year and more than 4 times the estimated growth rate of the PC market.
- Apple provided guidance for Q4 2011, expecting revenue of $25 billion and EPS of around $5.50.
Apple inc (nasdaq.appl) earnings call report - fiscal 1st quarter ending de...Tommy Toy
Apple reported record quarterly earnings for Q1 FY2013, with revenue of $54.5 billion, up 27% year-over-year. This was driven by record iPhone and iPad sales of 47.8 million and 22.9 million units respectively. Apple also saw strong growth in revenue from iTunes, apps, and accessories. While Mac sales declined 16% to 4.1 million units, this was less than the industry average decline of 6%. Looking ahead, Apple provided revenue guidance of $41-43 billion for Q2 FY2013.
During this week's Invast Insights we cover:
► Market cap of Apple
► Where Apple is leveraged
► Apple and 2015
GRAB A 4 WEEK INVAST INSIGHTS FREE TRIAL (WEEKLY NEWSLETTER)
http://invast.com.au/insights
CONNECT WITH INVAST TODAY
Facebook ► https://www.facebook.com/invastglobal
Twitter ► http://twitter.com/InvastGlobal
Linkedin ► http://www.linkedin.com/company/invast
Invast ► http://www.invast.com.au
Google+ ► https://plus.google.com/+InvastAu/
- Apple reported record results for its fiscal Q2 2012, with revenue of $39.2 billion, a 59% increase year-over-year. This set a new record for revenue in a March quarter.
- iPhone sales were 35.1 million, up 88% year-over-year. iPad sales were 11.8 million, up 151% year-over-year. Both set new March quarter records.
- The call outlined strong growth across Apple's product segments and geographic regions, while also providing guidance for the next quarter with expected revenue of $34 billion, gross margin of 41.5%, and EPS of $8.68.
- PAX Global Technology reported strong financial results for 2020, with revenue and net profit reaching record highs. Revenue increased 14.7% driven by strong overseas growth, while net profit increased 44.3%.
- Android products contributed over 30% of revenue and the company shipped nearly 2 million Android units in 2020.
- The company increased its proposed dividend by 67% and declared a special 10th anniversary dividend, bringing the total dividend payout ratio to 33% for 2020. The company also conducted 12 share repurchases during the year.
- PAX Global reported strong financial results for the first half of 2021, with revenue increasing 30.6% and net profit rising 34.4%
- The company raised its full-year revenue growth target to at least 25% due to robust order levels and strong potential for Android products
- PAX is building a new industrial park that will double its production capacity to over 20 million units per year and enhance supply chain management
The document discusses Apple's business strategy and initiatives for 2012 under the leadership of Tim Cook. It focuses on 4 key themes: 1) Scaling operations globally to meet demand, 2) Expanding into China and developing markets, 3) Introducing a new Apple TV product, and 4) Managing Apple's large cash reserves. The document also discusses challenges Apple may face in these areas from competitors in consumer electronics and media companies.
- Apple reported record quarterly revenue of $28.3 billion for its fiscal Q4 2011, up 39% year-over-year, driven by strong sales of iPads, Macs, and iPhones.
- The company sold 17.1 million iPhones, 11.1 million iPads, and 4.89 million Macs in the quarter.
- While iPod sales declined from the previous year, iPhone and iPad sales set new quarterly records for the company.
Global mobile gaming market continues steady growth, with mobile games accounting for over half of total gaming time spent globally. Mobile gaming revenue and downloads are growing rapidly, especially in Asia Pacific markets like China, South Korea, and Japan. Taiwan's gaming market has seen extraordinary growth from browser-based game companies but revenue declines in traditional developers and self-published MMORPGs. Taiwan has strong potential in mobile gaming given its high smartphone penetration and addressable market, though monetization remains below global averages. Top-grossing games are mostly casual genres like puzzle and arcade, while RPG and simulation genres generate the most revenue.
A closer look at the trends that will shape Digital Marketing in 2017 – and how you can leverage them to outperform your peers. Read more in this blogpost series: https://webrepublic.com/en/blog/2016/11/18/digital-marketing-trends-2017-en/.
Mobile adoption boomed in 2020, advancing 2-3 years in just 12 months. 218 billion apps were downloaded in 2020, up 7% YoY. Consumers spent $143 billion on apps in 2020, up 20% YoY, and spent over 3.5 trillion hours on Android phones alone. Gaming continued to be the largest mobile category, generating 66% of mobile app spending and 55% of mobile time spent. Core games saw increased engagement, while casual games like Among Us saw huge growth in downloads. Finance also saw increased mobile engagement, with time spent in finance apps up 45% worldwide in 2020.
The document provides details of PAX Global's 2020 interim earnings call, including financial highlights and Q&A. Key points include:
- Revenue increased 7.4% driven by overseas growth, with gross and operating margins up as well.
- Receivables impairments included provisions for some APAC and US customers, including less than $10 million related to Wirecard.
- Financial targets for 2020 were maintained or increased despite COVID-19 uncertainties, aiming for flat revenue growth but higher gross and operating margins.
- Questions from analysts focused on conservative 2020 targets implying a weaker second half, and details on receivables impairments.
State of The App Store & Role of Mobile Gaming, 2015 PRIORI DATA
Presentation on the State of the App Store from Pocket Gamer Connect, 2015.
- The relative size of the market
- Role of Games
- Growth in the App Store
- Some observations on what makes Publishers succeed
www.prioridata.com
Gafanomics - The Quarterly - Episode 2 (Q2FY19)Fabernovel
Financial analysis of some of the most disruptive Tech companies in the world. This document aims to provide you with some major insights concerning the financial markets and the most disruptive innovations for the second quarter of the financial year 2019.
10 trends that are shaping the world of mobile gamingPocket Gamer Biz
At Pocket Gamer Connects Helsinki 2014, Will Freeman gave us his 10 trends that are shaking up the world of mobile gaming.
1. PUBLISHING IS DEAD. LONG LIVE PUBLISHING SERVICES
2. YOU SHOULD GO TO FINLAND
3. THE RETURN OF PREMIUM?
4. ASIAN M&As ARE CONTINUING TO RESHAPE THE GLOBAL POWER BALANCE
5. THE FUTURE OF DISCOVERABILITY
6. BRAZIL’S CONTINUED RISE
7. IS PC STEALING MOBILE’S GRASS ROOTS STUDIOS?
8. HAS CROWDFUNDING LOST ITS WAY?
9. IPOS: ON THE RISE OR FAILING DISMALLY?
10. COULD BRAND MARKETING BE BACK?
Federal and state efficiency standards and building codes have rendered many of the most commonly tapped efficiency measures no longer eligible for utility rebates. Which new efficiency measures and strategies hold the greatest potential to rapidly fill this void with large-scale, reliable energy savings? We explore the options that offer the most promise and that can be deployed now to help you achieve your goals. We also identify the criteria you’ll need to consider when choosing the best course of action for taking advantage of these opportunities.
- The Greenlight Capital funds returned 4.3% in Q3 2013, bringing the YTD return to 11.8%
- The document discusses the Federal Reserve's quantitative easing programs and questions whether they have meaningfully helped economic growth or created systemic risks
- During the quarter, the fund's long positions like Apple and Vodafone outperformed while its short positions like Chipotle struggled despite underperforming fundamentals
Running head TEAM PAPER TEAM PAPER-A competitive analysis.docxagnesdcarey33086
Running head: TEAM PAPER
TEAM PAPER
-A competitive analysis of the organization and offering using Porter's five competitive forces model, and
-The criteria you will use to segment your market and select your target market including geographic, demographic, psychographic, and behavioral factors.
-A written positioning statement that identifies:
· Your target market
· The needs that drive purchase
· Your organization's industry category
· How your organization solves the target's needs
· Your organization's competition
· What makes your organization different from its competition
Abstract
Reason: the motivation behind this paper is to recognize a marked item or administration to be analyzed through the session; inspecting components of shopper conduct as they identify with business sector division, focusing on, and situating for it. This paper, and consequent papers, will prompt a SWOT showcasing investigation of the picked marked item.
Technique/approach: the marked item for this paper will be Apple's iphone. Information to be secured in this first paper will incorporate the accompanying:
Item/Brand Analyzed
Corporate Background
Market/Industry Analysis and Competition
Market Segmentation and Target Marketing
Pertinent External Factors
Module 1 SWOT Analysis
Discoveries: Apple is a pioneer in deals and creation in US Markets; with items that claim crosswise over target markets. iphone 4s deals have overshadowed inner Apple brands, and additionally other cell phone organizations in the U.s. market. Late deals strength, on the other hand, has not settled an industry lead. Samsung, in association with Google's Android Operating framework, possesses the worldwide commercial center with something like 21% of aggregate piece of the pie. Fruit faces both innovative and political difficulties in the biggest cell phone market, China, as it is not able to build an organization with the biggest transporters there because of non-4g/LTE items. SWOT Analysis area gives particular insights in regards to marked item qualities, shortcomings, open doors and dangers.
Conclusion: while Apple rules incomparable in US advertises regarding deals, and is in reality a worldwide power, it has not settled itself generally as the business pioneer. It must expand on brand/item qualities through arrival of more up to date 4g innovation; decrease risk to market dangers and gain by business sector open doors (both in the U.s and internationally) so as to overwhelm contenders, and beat the extending hole made by Google and Samsung's developing Android client base.
Paper sort: Module 1 SLP
Presentation
Throughout the Session Long Project, I will be breaking down the iphone 4s, a marked item from Apple, Inc.; inspecting components of shopper conduct as they identify with business sector division, focusing on, and situating.
This paper, and resulting papers, will prompt a complete SWOT promoting investigation of the iphone 4s.
Segment 1: Branded.
1) Analysts provide an investment thesis that Apple's stock price drop after disappointing Q4 2016 results creates a buying opportunity as the market overreaction led to mispricing.
2) iPhone 7/Plus sales are predicted to grow in 2017 due to strong early momentum and Samsung Note 7 issues, increasing average iPhone price.
3) Strong upgrade demand is expected in 2018 for the 10th anniversary iPhone and older models reaching 2+ years of use, forecasting 25% revenue growth and higher average price.
The document analyzes smartphone market trends in the Asia Pacific region from 2015 to 2021 based on data from Canalys. It finds that demand for smartphones in the region is expected to grow 25.8% by 2021, with growth slowing in high-income countries and accelerating in mid-income countries. Other smaller smartphone platforms show growing demand in China. The market share of Oppo and Vivo in China has increased dramatically in recent years through effective offline marketing strategies. The document recommends smartphone vendors target the mid-income APAC markets and look to Oppo and Vivo as examples of successful strategies.
Fabernovel is pleased to release this new edition of “Gafanomics Quarterly”, our publication which offers you every quarter a transversal review of the earnings releases and strategic announcements of the disruptive Tech giants.
This last quarter was somewhat special in our view, ushering in new times at several levels : a new fiscal year, a new decade and the accelerating change towards new value patterns.
After a challenging Q3, the Tech segment outperformed all other sectors on the Street with an impressive cumulated market cap gain of more than $1,300bn for our sample of 20 firms (i.e. the equivalent of Microsoft market value or the annual GDP of Spain). This was underpinned by the robust quarterly delivery of most of the Tech leaders with a value pattern still favouring user and top-line growth pattern compared to margin expansion. Our sample of Tech disruptors posted a median revenue growth of 23% and 17% EBIT growth in Q4 19, with very similar figures for FY19.
Is this outperformance set to last?
Beyond their economic power, the Tech leaders face several challenges. Facing rising maturity and competition, they are increasingly criticized on their dark side and their Achilles heel: Corporate and Social Responsibility. Several of them recorded in the last months the departures of their founders (Travis Kalanick at Uber, Jack Ma from Alibaba, Larry Page and Sergey Brin at Google, Adam Neumann at WeWork). Softbank has seen the arrival of activist investors in their capital.
The Green tide was the most striking new theme emerging from Q4 releases. Many tech players (Microsoft, Amazon, …) have started to communicate on the environmental impact. Greenwashing or strategic reality? Probably both. But we hope that the latter will prevail! Given their deep pockets, innovation culture and infrastructure power, Tech giants are probably among the few Corporates that can save the planet. The Coronavirus crisis has shown that software can help adapt in critical situation with new practices (more remote work) that can reduce carbon emissions.
In a new world where transparency and responsibility will increasingly drive valuation, we are convinced that this Green horizon can be a structuring value path for GAFAM & Co but also an area where they can join forces with other Corporates.
UnityNet World Environment Day Abraham Project 2024 Press ReleaseLHelferty
June 12, 2024 UnityNet International (#UNI) World Environment Day Abraham Project 2024 Press Release from Markham / Mississauga, Ontario in the, Greater Tkaronto Bioregion, Canada in the North American Great Lakes Watersheds of North America (Turtle Island).
- Apple reported record quarterly revenue of $28.3 billion for its fiscal Q4 2011, up 39% year-over-year, driven by strong sales of iPads, Macs, and iPhones.
- The company sold 17.1 million iPhones, 11.1 million iPads, and 4.89 million Macs in the quarter.
- While iPod sales declined from the previous year, iPhone and iPad sales set new quarterly records for the company.
Global mobile gaming market continues steady growth, with mobile games accounting for over half of total gaming time spent globally. Mobile gaming revenue and downloads are growing rapidly, especially in Asia Pacific markets like China, South Korea, and Japan. Taiwan's gaming market has seen extraordinary growth from browser-based game companies but revenue declines in traditional developers and self-published MMORPGs. Taiwan has strong potential in mobile gaming given its high smartphone penetration and addressable market, though monetization remains below global averages. Top-grossing games are mostly casual genres like puzzle and arcade, while RPG and simulation genres generate the most revenue.
A closer look at the trends that will shape Digital Marketing in 2017 – and how you can leverage them to outperform your peers. Read more in this blogpost series: https://webrepublic.com/en/blog/2016/11/18/digital-marketing-trends-2017-en/.
Mobile adoption boomed in 2020, advancing 2-3 years in just 12 months. 218 billion apps were downloaded in 2020, up 7% YoY. Consumers spent $143 billion on apps in 2020, up 20% YoY, and spent over 3.5 trillion hours on Android phones alone. Gaming continued to be the largest mobile category, generating 66% of mobile app spending and 55% of mobile time spent. Core games saw increased engagement, while casual games like Among Us saw huge growth in downloads. Finance also saw increased mobile engagement, with time spent in finance apps up 45% worldwide in 2020.
The document provides details of PAX Global's 2020 interim earnings call, including financial highlights and Q&A. Key points include:
- Revenue increased 7.4% driven by overseas growth, with gross and operating margins up as well.
- Receivables impairments included provisions for some APAC and US customers, including less than $10 million related to Wirecard.
- Financial targets for 2020 were maintained or increased despite COVID-19 uncertainties, aiming for flat revenue growth but higher gross and operating margins.
- Questions from analysts focused on conservative 2020 targets implying a weaker second half, and details on receivables impairments.
State of The App Store & Role of Mobile Gaming, 2015 PRIORI DATA
Presentation on the State of the App Store from Pocket Gamer Connect, 2015.
- The relative size of the market
- Role of Games
- Growth in the App Store
- Some observations on what makes Publishers succeed
www.prioridata.com
Gafanomics - The Quarterly - Episode 2 (Q2FY19)Fabernovel
Financial analysis of some of the most disruptive Tech companies in the world. This document aims to provide you with some major insights concerning the financial markets and the most disruptive innovations for the second quarter of the financial year 2019.
10 trends that are shaping the world of mobile gamingPocket Gamer Biz
At Pocket Gamer Connects Helsinki 2014, Will Freeman gave us his 10 trends that are shaking up the world of mobile gaming.
1. PUBLISHING IS DEAD. LONG LIVE PUBLISHING SERVICES
2. YOU SHOULD GO TO FINLAND
3. THE RETURN OF PREMIUM?
4. ASIAN M&As ARE CONTINUING TO RESHAPE THE GLOBAL POWER BALANCE
5. THE FUTURE OF DISCOVERABILITY
6. BRAZIL’S CONTINUED RISE
7. IS PC STEALING MOBILE’S GRASS ROOTS STUDIOS?
8. HAS CROWDFUNDING LOST ITS WAY?
9. IPOS: ON THE RISE OR FAILING DISMALLY?
10. COULD BRAND MARKETING BE BACK?
Federal and state efficiency standards and building codes have rendered many of the most commonly tapped efficiency measures no longer eligible for utility rebates. Which new efficiency measures and strategies hold the greatest potential to rapidly fill this void with large-scale, reliable energy savings? We explore the options that offer the most promise and that can be deployed now to help you achieve your goals. We also identify the criteria you’ll need to consider when choosing the best course of action for taking advantage of these opportunities.
- The Greenlight Capital funds returned 4.3% in Q3 2013, bringing the YTD return to 11.8%
- The document discusses the Federal Reserve's quantitative easing programs and questions whether they have meaningfully helped economic growth or created systemic risks
- During the quarter, the fund's long positions like Apple and Vodafone outperformed while its short positions like Chipotle struggled despite underperforming fundamentals
Running head TEAM PAPER TEAM PAPER-A competitive analysis.docxagnesdcarey33086
Running head: TEAM PAPER
TEAM PAPER
-A competitive analysis of the organization and offering using Porter's five competitive forces model, and
-The criteria you will use to segment your market and select your target market including geographic, demographic, psychographic, and behavioral factors.
-A written positioning statement that identifies:
· Your target market
· The needs that drive purchase
· Your organization's industry category
· How your organization solves the target's needs
· Your organization's competition
· What makes your organization different from its competition
Abstract
Reason: the motivation behind this paper is to recognize a marked item or administration to be analyzed through the session; inspecting components of shopper conduct as they identify with business sector division, focusing on, and situating for it. This paper, and consequent papers, will prompt a SWOT showcasing investigation of the picked marked item.
Technique/approach: the marked item for this paper will be Apple's iphone. Information to be secured in this first paper will incorporate the accompanying:
Item/Brand Analyzed
Corporate Background
Market/Industry Analysis and Competition
Market Segmentation and Target Marketing
Pertinent External Factors
Module 1 SWOT Analysis
Discoveries: Apple is a pioneer in deals and creation in US Markets; with items that claim crosswise over target markets. iphone 4s deals have overshadowed inner Apple brands, and additionally other cell phone organizations in the U.s. market. Late deals strength, on the other hand, has not settled an industry lead. Samsung, in association with Google's Android Operating framework, possesses the worldwide commercial center with something like 21% of aggregate piece of the pie. Fruit faces both innovative and political difficulties in the biggest cell phone market, China, as it is not able to build an organization with the biggest transporters there because of non-4g/LTE items. SWOT Analysis area gives particular insights in regards to marked item qualities, shortcomings, open doors and dangers.
Conclusion: while Apple rules incomparable in US advertises regarding deals, and is in reality a worldwide power, it has not settled itself generally as the business pioneer. It must expand on brand/item qualities through arrival of more up to date 4g innovation; decrease risk to market dangers and gain by business sector open doors (both in the U.s and internationally) so as to overwhelm contenders, and beat the extending hole made by Google and Samsung's developing Android client base.
Paper sort: Module 1 SLP
Presentation
Throughout the Session Long Project, I will be breaking down the iphone 4s, a marked item from Apple, Inc.; inspecting components of shopper conduct as they identify with business sector division, focusing on, and situating.
This paper, and resulting papers, will prompt a complete SWOT promoting investigation of the iphone 4s.
Segment 1: Branded.
1) Analysts provide an investment thesis that Apple's stock price drop after disappointing Q4 2016 results creates a buying opportunity as the market overreaction led to mispricing.
2) iPhone 7/Plus sales are predicted to grow in 2017 due to strong early momentum and Samsung Note 7 issues, increasing average iPhone price.
3) Strong upgrade demand is expected in 2018 for the 10th anniversary iPhone and older models reaching 2+ years of use, forecasting 25% revenue growth and higher average price.
The document analyzes smartphone market trends in the Asia Pacific region from 2015 to 2021 based on data from Canalys. It finds that demand for smartphones in the region is expected to grow 25.8% by 2021, with growth slowing in high-income countries and accelerating in mid-income countries. Other smaller smartphone platforms show growing demand in China. The market share of Oppo and Vivo in China has increased dramatically in recent years through effective offline marketing strategies. The document recommends smartphone vendors target the mid-income APAC markets and look to Oppo and Vivo as examples of successful strategies.
Fabernovel is pleased to release this new edition of “Gafanomics Quarterly”, our publication which offers you every quarter a transversal review of the earnings releases and strategic announcements of the disruptive Tech giants.
This last quarter was somewhat special in our view, ushering in new times at several levels : a new fiscal year, a new decade and the accelerating change towards new value patterns.
After a challenging Q3, the Tech segment outperformed all other sectors on the Street with an impressive cumulated market cap gain of more than $1,300bn for our sample of 20 firms (i.e. the equivalent of Microsoft market value or the annual GDP of Spain). This was underpinned by the robust quarterly delivery of most of the Tech leaders with a value pattern still favouring user and top-line growth pattern compared to margin expansion. Our sample of Tech disruptors posted a median revenue growth of 23% and 17% EBIT growth in Q4 19, with very similar figures for FY19.
Is this outperformance set to last?
Beyond their economic power, the Tech leaders face several challenges. Facing rising maturity and competition, they are increasingly criticized on their dark side and their Achilles heel: Corporate and Social Responsibility. Several of them recorded in the last months the departures of their founders (Travis Kalanick at Uber, Jack Ma from Alibaba, Larry Page and Sergey Brin at Google, Adam Neumann at WeWork). Softbank has seen the arrival of activist investors in their capital.
The Green tide was the most striking new theme emerging from Q4 releases. Many tech players (Microsoft, Amazon, …) have started to communicate on the environmental impact. Greenwashing or strategic reality? Probably both. But we hope that the latter will prevail! Given their deep pockets, innovation culture and infrastructure power, Tech giants are probably among the few Corporates that can save the planet. The Coronavirus crisis has shown that software can help adapt in critical situation with new practices (more remote work) that can reduce carbon emissions.
In a new world where transparency and responsibility will increasingly drive valuation, we are convinced that this Green horizon can be a structuring value path for GAFAM & Co but also an area where they can join forces with other Corporates.
Similar to Liveblog of Apple's Q3 2015 Earnings Call of October 27, 2015 (20)
UnityNet World Environment Day Abraham Project 2024 Press ReleaseLHelferty
June 12, 2024 UnityNet International (#UNI) World Environment Day Abraham Project 2024 Press Release from Markham / Mississauga, Ontario in the, Greater Tkaronto Bioregion, Canada in the North American Great Lakes Watersheds of North America (Turtle Island).
World economy charts case study presented by a Big 4
World economy charts case study presented by a Big 4
World economy charts case
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World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4
World economy charts case study presented by a Big 4
World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4study presented by a Big 4
The E-Way Bill revolutionizes logistics by digitizing the documentation of goods transport, ensuring transparency, tax compliance, and streamlined processes. This mandatory, electronic system reduces delays, enhances accountability, and combats tax evasion, benefiting businesses and authorities alike. Embrace the E-Way Bill for efficient, reliable transportation operations.
ZKsync airdrop of 3.6 billion ZK tokens is scheduled by ZKsync for next week.pdfSOFTTECHHUB
The world of blockchain and decentralized technologies is about to witness a groundbreaking event. ZKsync, the pioneering Ethereum Layer 2 network, has announced the highly anticipated airdrop of its native token, ZK. This move marks a significant milestone in the protocol's journey, empowering the community to take the reins and shape the future of this revolutionary ecosystem.
Methanex is the world's largest producer and supplier of methanol. We create value through our leadership in the global production, marketing and delivery of methanol to customers. View our latest Investor Presentation for more details.
Cleades Robinson, a respected leader in Philadelphia's police force, is known for his diplomatic and tactful approach, fostering a strong community rapport.
Liveblog of Apple's Q3 2015 Earnings Call of October 27, 2015
1. Liveblog Of Apple's Q3 2015
Earnings Call
October 27, 2015
Live notes from the earnings call:
5:03: Tim Cook is talking, running over the numbers. Largest absolute
revenue growth ever for fiscal year. We returned $53 billion through
dividends and share repurchases. We completed 15 acquisitions. We are
ending year on a high note with a record breaking Sept quarter.
Momentum remains strong for iPhone.
2. 5:06: Strong interest around the world. Getting great feeback on new
features. We exited quarter with demand outstripping supply.
The Mac outperformed the PC market.
Sales of Apple Watch sales were up sequentially and ahead of our
expectations. I have heard from customers who say the Apple Watch is
saving their lives.
5:08: revenue in China nearly doubled. I just returned from China.
We started taking orders for the new Apple TV and it was a huge first
day. We built a new foundation around our TV vision with TVOS.
5:09: Next month we will ship iPad Pro, which will enable new
generation of apps.
5:10: Talking about Apple Music: 15 million accounts, 6.5 million paying
customers. Bringing Apple Music to China. Apple Pay seeing double digit
growth month over month. Apple Pay now supports merchat rewards,
popular retailers will come online. American Express will bring Apple
Pay to customers in certain global markets this year and next.
5:11: 40 million people using Apple News, says Tim Cook.
5:14: CFO Luca Maestri takes over. China revenue grew 99%. Emerging
market strong overall. Company gross margin up sequentially, better
than expected mostly due to low costs.
5:15: Talking iPhone ... up 120% in Mainland China.
3. 5:16: Next, talk about Mac. Extended running trend of PC market share
gains. Mac growth driven by response to new Macbook. Sales of MB Pro
remain strong.
5:17: iPad sell through 10.3 million as we reduced inventory. iPad
customer metrics remain positive. 97% customer satisifaction. 70% of
people planning to buy a tablet plan to buy an iPad, per ChangeWave
survery.
In markets where we compete, we do well. We have 73% of tablets over
$200 in US.
5:19: Talking about deal with IBM. Saying IBM saves money with Macs
on support costs which would be good for everyone.
5:20: New record for services, due to apps, which was up 25%. Growth in
China, App Store revenue up 127%. Momentum in China has been
tremendous.
5:21: Revenue from other products up 61% thanks to Apple Watch.
Retail: We opened 7, 463 stores worldwide. We expect 40-50 stores in
fiscal 2016.
5:22: Cash is up $2.8 billion. We did $5.8 billion of term debt. Returned
$17 billion to investors, $3 billion in dividends, $14 billion in share
purchases. We have done over $143 billion of our $200 billion program.
5:24: Outlook time.
4. 5:25: Q&A TIME
Katy Huberty, MS: Low single digit revenue growth, how do you get
comfortable Apple isn't ex-growth?
Tim: Consider the constant currency, if you do that our guidnace is
8-11%. We have a 700 basis point FX headwind. It's quite good
underneath that. Zooming out, here's what I see: We believe iPhone will
grow in Q1, base that on what we are seeing from a switcher POV, highest
rate on record at 30% last Q. Look at upgraded that were in the install
base prior to 6 and 6 Plus and that is in the lower 30%. Our performance
in emerging markets, our market share is low, and the LTE penetration
is quite low. Also, look at China, as I've said before, we see an enormoys
change in China over the next several years. Latest from McKinsey, look
back 50 million in middle class in next 5 years it will be 10X that and we
are well positioned there. Not the only market we are working on,
impressed with Vietnam, Indonesia, and India.
Apple TV off to a great start, Apple Watch just starting, App Store hit a
new record, happy with early days of Apple Music, with people moving
from free trial. Enterprise business is not to be underestimated. We have
a $25 billion business built. Our penetration is low, but we have
significant actions to deepen that. Everyone I look, I see opportunity.
5:30: Huberty follow up. More you can do in services?
Tim: App Store up 25% last Q. Some of these upgrade programs in the
market, we think in aggregate they may reduce upgrade cycles, and the
5. iPhone sold to someone else hits a price point we're not hitting today,
which could fuel the services revenue which we did well on last quarter.
5:31: Gene Munster: How do you think about iPhone upgrade cycle
compressing?
Tim: Our view is that we do think the broader upgrade programs, not
just ours in retail that is relatively small to total iPhone sales, but the
carriers are offering these plans. We think it would have a positive
impact. We do like that it creates a market for an iPhone at a different
price point. It also seems like from a roll out POV, you will see these
plans offered in some derivation in over a dozen countries, not as
pervasive as the US.
Luca: From financial perspective, it is a purchase, not a lease, we
recognize revenue up front.
5:35: Toni Sacconaghi from Bernstein. Q1 will benefit from 3 extra weeks
in China, and more of those initial launch days, only 2 in September Q.
So, I guess investor concern December is a structurally advantaged
quarter, but if we look out, wouldn't that point to notably lower seasonal
growth in the March quarter?
Tim: We don't guide beyond December, but I do think about Macro
things, Android switcher, iPhone momentum in emerging markets, LTE
penetration, upgrade programs, these are not one time things, these are
long time things. When you start with low 30s in terms of iPhone 6/6+
6. that leaves head room beyond December. Our forecasting doesn't work
how you articulated it. To be clear, I am not agreeing with your point.
Toni: Gains from currency hedging, several billion. Currency hedges
rolling off and being replaced with hedges that have less of an impact?
How will that impact P&L, how will that impact qualitatively or
directionally?
Luca: We have portfolio of hedge contracts, proviodes margins, that
diminishes over time. That protection will come off. There are some
currencies we can not hedge. I think, and my conclusion the guidance for
Q1 is incredible given the FX headwinds. How do we deal with them? We
continue to hedge.
5:40: Shannon Cross: Enterprise business, how do you attack that
market?
Tim: From a product POV, we change iOS with more enterprise features,
and continue with that cadence. From go-to-market, we are working with
IBM. Working with 75 ability partners.
5:42: More color on China?
Tim: If you look at China, we grew 87%. We've been able to grow without
hte market growing (in smartphones). iPhone 6 #1 selling in mainland
China, iPhone 6+ was #3. Economic question, which I know there's been
a lot of attention on. If I were to shut off my web and my TV and just look
at how many people are coming in our stores and look at our sales trend,
7. I wouldn't know there was any economic issue at all in China. I don't
know how unique we are in that. I think there's a misunderstanding in
the western world about China. I don't think Apple's results are
dependent on minor changes. Area that it's currently operating in, hard
to tell a difference at the consumer level, so we're very bullish in it. We're
investing in China for the decades ahead. As we look at it, our own views
is that China will be Apple's top market in the world and that's not just
for sales, the developer community is growing faster than any other in
the world. I was very impressed with the developers I met last week.
5:46: Steve Milunovich: In terms of selling to customers, why 33% for
install base upgraded? Clarity on switch number?
Tim: Switchers: Customers who purchased an iPhone and replaced a
smartphone, 30% switched from Android. That number is the largest
we've ever recorded. Huge number.
In terms of 2016 v 2015 new customers. It's hard to predict. Happy with
how we're doing. I know there is a fixation on the upgrade rate. When I
look, I feel good it's a low number because that means there's 69% of
people out there that havent bothered to upgrade, that's a large number.
Do I think it has any link to consistincy. iPhone upgrade plans, only
future will tell, but seems like it will accelerate upgrades. I don't know if
we will have more new or not, but that is always our objective. Nobody
asking about iPad on the call.
8. 5:51: New Goldman Sachs analyst: What percent of iPhone go to install
base?
Tim: I don't know answer to question.
The reason I can't answer, we don't look in aggregate. We look by iPhone
model by country, what percent going to a first iPhone buyer. China as
an example, over 50% that bought a 6 and a 6 Plus buying first iPhone.
As you move down the line, that goes up. So a 5S is higher in most
countries. That gives you a feel for an important market and where the
numbers are.
5:53: Amit from RBC: Gross margins. What is FX dynamic?
Luca: puts and takes on this ... positive margin from seasonal. Seen
commodity market that has been favorable. We expect it to remain
favorable.
5:56: Rod Hall, from JP Morgan. Mix on iPhone 6 v 6S? Any difference
between that and 5/5S.
The iPhone 6S is the most popular iPhone we sell. Has there been a
change? iPhone 6 + 6+ and compare to last year's 5S, we are doing better
at that price point than we were doing previously.
Follow up: can you imagine doing activation from elsewhere?
9. Tim: We solved that in 2007, but had to change it to scale in a major
way. Always in our mind from customer service we want things as easy as
possible. There many different plans that people come in for.
AND WE ARE ALL DONE