1) Smartphones have disrupted the mobile phone market, with new leaders like Apple and Samsung commanding the majority of industry profits while former leaders like Nokia have lost significant market share.
2) Smartphone growth is shifting from developed markets to emerging markets, where low-cost smartphones below $100 will be key to future industry growth.
3) Only a few operating systems, like Android and iOS, have been successful while others like Windows Phone, Blackberry, and Symbian have struggled or failed.
The document discusses 6 trends in the 2009 China mobile phone market:
1. Increased demand for large screens and full touch screens
2. Growing demand for smartphones, especially in lower price segments
3. Strong consumer interest in mobile applications and services
4. Expected growth of CMMB mobile TV phones before other standards
5. Need for phones designed specifically for children and elderly users
6. Increased promotion of operator customized phones
MoorelandMonitor - Future of Payments - Wallets (April 2014)Inga Barchan
This proprietary presentation discusses the future of mobile payments and the mobile wallet landscape. It notes that while mobile banking gained traction over a decade ago, mobile payment adoption is now accelerating due to factors like the proliferation of smartphones. The presentation predicts significant growth across mobile payments, retail solutions utilizing mobile point-of-sale (mPOS) terminals, and digital banking from 2010-2017. It also analyzes trends in the mobile wallet market, the role of NFC technology, and recent mergers and acquisitions in the space.
Deloitte Technology, Media and Telecommunications Predictions 2014David Graham
TMT Predictions' objective is to identify critical inflection points we believe should inform industry strategic thinking, and to explain how we think these will manifest over the next 12-18 months for companies in Technology, Media, Telecommunications (TMT), and other industries.
Deloitte predicts that global sales of key devices that make up the converged living room (smartphones, tablets, PCs, TVs, video game consoles) will reach $750 billion in 2014, up from $700 billion in 2013. However, growth rates are slowing and revenues are expected to plateau at around $800 billion annually by 2018 as individual categories mature. Factors like lengthening upgrade cycles for smartphones and saturation of the TV market will constrain growth. While smartphones and tablets will continue to see increases, their revenue growth will also decline. Combined, these five categories of connected devices have driven a virtuous circle of technology improvements and cost reductions, but appear to be approaching the limits of that cycle for now.
The document summarizes M&A activity and valuations in the payments industry from 2008-2011 based on data from Berkery, Noyes & Co. It finds that the number and value of M&A transactions increased substantially after 2009 and median revenue and EBITDA multiples also increased sharply. The top 10 deals by value in 2011 accounted for 79% of total transaction value that year. It also identifies factors that drive higher valuations for payments companies, such as controlling infrastructure, satisfying demands of consumers and merchants, extending products to new markets, and leveraging existing infrastructure. Finally, it discusses trends in the industry like growth in mobile payments, opportunities in emerging markets, new strategic partnerships, and effects of regulations.
Deloitte predicts that global sales of key connected devices that make up the converged living room - smartphones, tablets, PCs, TVs and video game consoles - will reach $750 billion in 2014, up $50 billion from 2013. These categories have seen strong growth over the past decade, but this growth rate is expected to slow going forward, with an estimated ceiling of around $800 billion per year. The five devices are closely related as they are the largest consumer electronics categories by revenue and play major roles in entertainment and media consumption, benefiting from common technologies like processors and screens.
Deloitte predicts that global sales of key connected devices that make up the converged living room (smartphones, tablets, PCs, TVs, video game consoles) will reach $750 billion in 2014. This represents significant growth from $700 billion in 2013, but growth is slowing from previous years due to maturing markets. Combined revenues are expected to plateau at around $800 billion annually by 2018, compared to over 10% annual growth in previous years. Individual categories like PCs, TVs and consoles face challenges but smartphones and tablets will likely drive most growth, though also at slower rates than in previous years as upgrade cycles lengthen.
This document provides an overview of the mobile market trends in Germany in 2010-2011. It notes that 28 million new mobile devices were sold in 2010, with smartphones growing rapidly. While 10% of mobile users regularly access the mobile internet, certain apps and services like iOS are driving more usage. The mobile market has also seen significant segmentation with the rise of MVNOs and other carriers. Mobile data usage and adoption of 3G and new technologies like LTE are also growing dramatically. Dusseldorf is highlighted as a major hub for the mobile industry in Germany and Europe.
The document discusses 6 trends in the 2009 China mobile phone market:
1. Increased demand for large screens and full touch screens
2. Growing demand for smartphones, especially in lower price segments
3. Strong consumer interest in mobile applications and services
4. Expected growth of CMMB mobile TV phones before other standards
5. Need for phones designed specifically for children and elderly users
6. Increased promotion of operator customized phones
MoorelandMonitor - Future of Payments - Wallets (April 2014)Inga Barchan
This proprietary presentation discusses the future of mobile payments and the mobile wallet landscape. It notes that while mobile banking gained traction over a decade ago, mobile payment adoption is now accelerating due to factors like the proliferation of smartphones. The presentation predicts significant growth across mobile payments, retail solutions utilizing mobile point-of-sale (mPOS) terminals, and digital banking from 2010-2017. It also analyzes trends in the mobile wallet market, the role of NFC technology, and recent mergers and acquisitions in the space.
Deloitte Technology, Media and Telecommunications Predictions 2014David Graham
TMT Predictions' objective is to identify critical inflection points we believe should inform industry strategic thinking, and to explain how we think these will manifest over the next 12-18 months for companies in Technology, Media, Telecommunications (TMT), and other industries.
Deloitte predicts that global sales of key devices that make up the converged living room (smartphones, tablets, PCs, TVs, video game consoles) will reach $750 billion in 2014, up from $700 billion in 2013. However, growth rates are slowing and revenues are expected to plateau at around $800 billion annually by 2018 as individual categories mature. Factors like lengthening upgrade cycles for smartphones and saturation of the TV market will constrain growth. While smartphones and tablets will continue to see increases, their revenue growth will also decline. Combined, these five categories of connected devices have driven a virtuous circle of technology improvements and cost reductions, but appear to be approaching the limits of that cycle for now.
The document summarizes M&A activity and valuations in the payments industry from 2008-2011 based on data from Berkery, Noyes & Co. It finds that the number and value of M&A transactions increased substantially after 2009 and median revenue and EBITDA multiples also increased sharply. The top 10 deals by value in 2011 accounted for 79% of total transaction value that year. It also identifies factors that drive higher valuations for payments companies, such as controlling infrastructure, satisfying demands of consumers and merchants, extending products to new markets, and leveraging existing infrastructure. Finally, it discusses trends in the industry like growth in mobile payments, opportunities in emerging markets, new strategic partnerships, and effects of regulations.
Deloitte predicts that global sales of key connected devices that make up the converged living room - smartphones, tablets, PCs, TVs and video game consoles - will reach $750 billion in 2014, up $50 billion from 2013. These categories have seen strong growth over the past decade, but this growth rate is expected to slow going forward, with an estimated ceiling of around $800 billion per year. The five devices are closely related as they are the largest consumer electronics categories by revenue and play major roles in entertainment and media consumption, benefiting from common technologies like processors and screens.
Deloitte predicts that global sales of key connected devices that make up the converged living room (smartphones, tablets, PCs, TVs, video game consoles) will reach $750 billion in 2014. This represents significant growth from $700 billion in 2013, but growth is slowing from previous years due to maturing markets. Combined revenues are expected to plateau at around $800 billion annually by 2018, compared to over 10% annual growth in previous years. Individual categories like PCs, TVs and consoles face challenges but smartphones and tablets will likely drive most growth, though also at slower rates than in previous years as upgrade cycles lengthen.
This document provides an overview of the mobile market trends in Germany in 2010-2011. It notes that 28 million new mobile devices were sold in 2010, with smartphones growing rapidly. While 10% of mobile users regularly access the mobile internet, certain apps and services like iOS are driving more usage. The mobile market has also seen significant segmentation with the rise of MVNOs and other carriers. Mobile data usage and adoption of 3G and new technologies like LTE are also growing dramatically. Dusseldorf is highlighted as a major hub for the mobile industry in Germany and Europe.
Deloitte predicts that in 2011, more than half of all computing devices sold globally will not be traditional PCs. Sales of smartphones, tablets, and non-PC netbooks are expected to exceed 400 million units, surpassing the almost 400 million PC units expected to be sold. While PCs will remain important, 2011 may mark the tipping point to a more diverse computing environment with at least two different chip architectures and five operating systems each having over 5% market share, as smartphones and tablets grow to represent around 25% of all computing devices.
Technology Media & Telecommunications Predictions 2011 by DeloitteGenaro Bardy
Deloitte predicts that in 2011, more than half of all computing devices sold globally will not be traditional PCs. Sales of smartphones, tablets, and non-PC netbooks are forecast to exceed 400 million units, surpassing the almost 400 million PCs expected to be sold. While PCs will remain important, 2011 may mark the tipping point to a more diverse computing environment with at least two different chip architectures and five operating systems each having over 5% market share, as smartphones and tablets proliferate.
Gemplus is the global leader in smart card technologies and solutions. They provide secured solutions for mobile telecommunications, banking and retail, identity and privacy management, healthcare, e-government, and transport. The presentation highlights Gemplus' leadership in core markets like SIM cards and growth in financial services, as well as opportunities in emerging ID and security markets. New leadership is in place to realize the company's profitable growth strategy through emphasis on R&D investment.
1) A survey was conducted of 60 smartphone users in India to understand their smartphone preferences and usage.
2) The survey found that Samsung was the most popular brand owned at 36%, followed by Sony at 22%. The most preferred operating system was Android at 62%.
3) The majority of respondents believed their smartphone was worth the money, with 60% answering yes. Most preferred medium sized screens between 4-4.7 inches.
For the fourth year running, Edgar, Dunn & Company has conducted a survey of payments professionals globally on key industry dynamics in their markets. The response to this year’s survey involved 685 professionals representing 50 countries.
The survey questions were focussed on five main topics:
Current and future importance of individual payment products
Expected future importance of payment technologies
Most influential market participants
Key industry events that will shape payments markets
The findings illustrate where common themes are developing globally in relation to future trends and, perhaps more interestingly, highlight the key differences in expectations between regions and countries.
Technology, Media & Telecommunications Predictions - Deloitte - 2012Romain Fonnier
Le cabinet de conseil et d'études Deloitte a publié, vendredi 3 février, la 11ème édition de ses «Technology, Media & Télécommunications Predictions», dans laquelle elle présente 12 principales tendances qui marqueront l'année 2012.
Parmi celles-ci, Deloitte annonce une «ère nouvelle pour la publicité en ligne». Tandis que l'ensemble du secteur de la publicité progressera de 5% et que les dépenses réalisées sur Internet augmenteront de 11%, Deloitte s'attend à une croissance de 50% pour la publicité online de type branding, c'est-à-dire les bannières, le rich media, le sponsoring, les réseaux sociaux et les formats vidéo.
Deloitte regrette par ailleurs que les technologies de ciblage de la publicité TV, en constante progression, restent sous-exploitées. Elles ne représenteront que 0,10% des 227 milliards de dollars du marché de la publicité TV dans le monde en 2012.
En termes d'outils marketing, Deloitte prévoit que les IRM fonctionnelles (neuromarketing) deviendront l'outil privilégié des publicitaires en 2012, conjugué à des techniques de marketing traditionnelles.
L’ensemble des 12 tendances TMT :
1- La demande du grand public en technologies résistera aux turbulences de l'économie.
2- Le marché des tablettes se diversifiera, avec une croissance phénoménale du multi-équipement : «elles auront en 2012 le taux de pénétration du marché des ‘produits achetés à plusieurs reprises’ le plus rapide de l'histoire».
3- Les grands projets de «Big Data» se multiplieront dans les secteurs Internet, banques-finances, service public, grande distribution, loisirs et médias.
4- Le stockage de données sur SSD («Solid State Drives») et les mémoires flash surpassent l'utilisation des disques durs.
5- L’hyperciblage de la publicité TV reste à un niveau très bas en raison des coûts prohibitifs de développement des campagnes.
6- Le marketing est tombé sur la tête : IRM et médias.
7- L'utilisation du rattrapage des programmes se développera dans les transports, grâce au Digital Video Recorder.
8- Une ère nouvelle pour la publicité en ligne.
9- Les technologies NFC («Near Field Communication»), avec intégration d'une carte de crédit au téléphone portable.
10- L'Internet illimité disparaîtra des abonnements mobiles.
11- «Web Bypass» : la connectivité sans Internet.
12- Plus d'un demi-milliard de smartphones à bas prix (moins de 100$) seront vendus d'ici fin 2012.
Deloitte predicts that global consumer demand for technology will grow in 2012 despite economic headwinds. Smartphones and tablets are expected to see record sales, while computer and TV sales may see modest growth overall. Emerging markets are likely to see robust growth, while developed markets may see weaker growth but continued spending on smaller tech items. Consumer technology provides good value due to falling prices from Moore's Law and new form factors that increase usage per dollar spent.
The annual report discusses Telkomsel's transformation into a digital business to adapt to changing market dynamics and consumer behavior trends driven by digital technology. It outlines Telkomsel's strategy to grow its digital services across four pillars: digital advertising, digital enterprise solutions, digital payments, and digital lifestyle services including games, social media, music and more. The report also notes that Telkomsel needs innovation to address challenges like declining revenue from traditional voice and SMS services as the cellular market reaches maturity, and increasing competition from over-the-top players and other digital services.
Este currículum vitae presenta a Héctor Hugo Morán Villasana, un estudiante mexicano nacido en 1991 que cursa la carrera de Licenciado en Creación y Desarrollo de Empresas. Detalla su experiencia educativa y laboral, incluyendo pasantías en pequeñas empresas, así como dos negocios propios que ha iniciado. También describe sus intereses, logros, metas profesionales de aportar ideas para mejorar empresas mexicanas y crear oportunidades de crecimiento, así como fundar una empresa internacional.
This short document appears to be a list containing two names: Bama and faustina. It is titled "Sangati Events" but provides no other context or details about the names listed.
The document provides an overview of the Enlightenment period in Europe from the 17th to 19th centuries. It discusses key themes and time periods of the Enlightenment, including the Early Enlightenment from 1685-1730, the High Enlightenment from 1730-1780, and the Late Enlightenment from 1780-1815. It also summarizes major philosophical positions that emerged during the Enlightenment, such as rationalism, empiricism, skepticism, and how they influenced views of knowledge. Additionally, it outlines political revolutions and theories of the Enlightenment as well as perspectives on religion.
Artificial Intelligence Computing for Consumer 2019 report by Yole Développem...Yole Developpement
While AI is a feature expected in smartphones, this fantastic technology has spread like wildfire to the smart home ecosystem and is profoundly impacting the semiconductor industry.
More information on https://www.i-micronews.com/products/artificial-intelligence-computing-for-consumer-2019/
Deloitte predicts that in 2011, more than half of all computing devices sold globally will not be traditional PCs. Sales of smartphones, tablets, and non-PC netbooks are expected to exceed 400 million units, surpassing the almost 400 million PC units expected to be sold. While PCs will remain important, 2011 may mark the tipping point to a more diverse computing environment with at least two different chip architectures and five operating systems each having over 5% market share, as smartphones and tablets grow to represent around 25% of all computing devices.
Technology Media & Telecommunications Predictions 2011 by DeloitteGenaro Bardy
Deloitte predicts that in 2011, more than half of all computing devices sold globally will not be traditional PCs. Sales of smartphones, tablets, and non-PC netbooks are forecast to exceed 400 million units, surpassing the almost 400 million PCs expected to be sold. While PCs will remain important, 2011 may mark the tipping point to a more diverse computing environment with at least two different chip architectures and five operating systems each having over 5% market share, as smartphones and tablets proliferate.
Gemplus is the global leader in smart card technologies and solutions. They provide secured solutions for mobile telecommunications, banking and retail, identity and privacy management, healthcare, e-government, and transport. The presentation highlights Gemplus' leadership in core markets like SIM cards and growth in financial services, as well as opportunities in emerging ID and security markets. New leadership is in place to realize the company's profitable growth strategy through emphasis on R&D investment.
1) A survey was conducted of 60 smartphone users in India to understand their smartphone preferences and usage.
2) The survey found that Samsung was the most popular brand owned at 36%, followed by Sony at 22%. The most preferred operating system was Android at 62%.
3) The majority of respondents believed their smartphone was worth the money, with 60% answering yes. Most preferred medium sized screens between 4-4.7 inches.
For the fourth year running, Edgar, Dunn & Company has conducted a survey of payments professionals globally on key industry dynamics in their markets. The response to this year’s survey involved 685 professionals representing 50 countries.
The survey questions were focussed on five main topics:
Current and future importance of individual payment products
Expected future importance of payment technologies
Most influential market participants
Key industry events that will shape payments markets
The findings illustrate where common themes are developing globally in relation to future trends and, perhaps more interestingly, highlight the key differences in expectations between regions and countries.
Technology, Media & Telecommunications Predictions - Deloitte - 2012Romain Fonnier
Le cabinet de conseil et d'études Deloitte a publié, vendredi 3 février, la 11ème édition de ses «Technology, Media & Télécommunications Predictions», dans laquelle elle présente 12 principales tendances qui marqueront l'année 2012.
Parmi celles-ci, Deloitte annonce une «ère nouvelle pour la publicité en ligne». Tandis que l'ensemble du secteur de la publicité progressera de 5% et que les dépenses réalisées sur Internet augmenteront de 11%, Deloitte s'attend à une croissance de 50% pour la publicité online de type branding, c'est-à-dire les bannières, le rich media, le sponsoring, les réseaux sociaux et les formats vidéo.
Deloitte regrette par ailleurs que les technologies de ciblage de la publicité TV, en constante progression, restent sous-exploitées. Elles ne représenteront que 0,10% des 227 milliards de dollars du marché de la publicité TV dans le monde en 2012.
En termes d'outils marketing, Deloitte prévoit que les IRM fonctionnelles (neuromarketing) deviendront l'outil privilégié des publicitaires en 2012, conjugué à des techniques de marketing traditionnelles.
L’ensemble des 12 tendances TMT :
1- La demande du grand public en technologies résistera aux turbulences de l'économie.
2- Le marché des tablettes se diversifiera, avec une croissance phénoménale du multi-équipement : «elles auront en 2012 le taux de pénétration du marché des ‘produits achetés à plusieurs reprises’ le plus rapide de l'histoire».
3- Les grands projets de «Big Data» se multiplieront dans les secteurs Internet, banques-finances, service public, grande distribution, loisirs et médias.
4- Le stockage de données sur SSD («Solid State Drives») et les mémoires flash surpassent l'utilisation des disques durs.
5- L’hyperciblage de la publicité TV reste à un niveau très bas en raison des coûts prohibitifs de développement des campagnes.
6- Le marketing est tombé sur la tête : IRM et médias.
7- L'utilisation du rattrapage des programmes se développera dans les transports, grâce au Digital Video Recorder.
8- Une ère nouvelle pour la publicité en ligne.
9- Les technologies NFC («Near Field Communication»), avec intégration d'une carte de crédit au téléphone portable.
10- L'Internet illimité disparaîtra des abonnements mobiles.
11- «Web Bypass» : la connectivité sans Internet.
12- Plus d'un demi-milliard de smartphones à bas prix (moins de 100$) seront vendus d'ici fin 2012.
Deloitte predicts that global consumer demand for technology will grow in 2012 despite economic headwinds. Smartphones and tablets are expected to see record sales, while computer and TV sales may see modest growth overall. Emerging markets are likely to see robust growth, while developed markets may see weaker growth but continued spending on smaller tech items. Consumer technology provides good value due to falling prices from Moore's Law and new form factors that increase usage per dollar spent.
The annual report discusses Telkomsel's transformation into a digital business to adapt to changing market dynamics and consumer behavior trends driven by digital technology. It outlines Telkomsel's strategy to grow its digital services across four pillars: digital advertising, digital enterprise solutions, digital payments, and digital lifestyle services including games, social media, music and more. The report also notes that Telkomsel needs innovation to address challenges like declining revenue from traditional voice and SMS services as the cellular market reaches maturity, and increasing competition from over-the-top players and other digital services.
Este currículum vitae presenta a Héctor Hugo Morán Villasana, un estudiante mexicano nacido en 1991 que cursa la carrera de Licenciado en Creación y Desarrollo de Empresas. Detalla su experiencia educativa y laboral, incluyendo pasantías en pequeñas empresas, así como dos negocios propios que ha iniciado. También describe sus intereses, logros, metas profesionales de aportar ideas para mejorar empresas mexicanas y crear oportunidades de crecimiento, así como fundar una empresa internacional.
This short document appears to be a list containing two names: Bama and faustina. It is titled "Sangati Events" but provides no other context or details about the names listed.
The document provides an overview of the Enlightenment period in Europe from the 17th to 19th centuries. It discusses key themes and time periods of the Enlightenment, including the Early Enlightenment from 1685-1730, the High Enlightenment from 1730-1780, and the Late Enlightenment from 1780-1815. It also summarizes major philosophical positions that emerged during the Enlightenment, such as rationalism, empiricism, skepticism, and how they influenced views of knowledge. Additionally, it outlines political revolutions and theories of the Enlightenment as well as perspectives on religion.
Artificial Intelligence Computing for Consumer 2019 report by Yole Développem...Yole Developpement
While AI is a feature expected in smartphones, this fantastic technology has spread like wildfire to the smart home ecosystem and is profoundly impacting the semiconductor industry.
More information on https://www.i-micronews.com/products/artificial-intelligence-computing-for-consumer-2019/
What do you believe are the greatest challenges facing the sector or industry...rohitsengupta83
The document discusses the major challenges facing the telecommunications industry. It notes that revenues from traditional services like voice are declining as ARPU decreases. There is also a challenge in monetizing new data services and content to make up for these losses. The industry faces intense competition which has made it difficult to raise prices. Economic slowdowns in regions like Europe have further reduced spending on telecom services. The author aspires to play the role of an industry strategist to help companies address these challenges.
LTE Smartphone Market - Outlook (2017-21) for Europe Average PriceResearchFox
With increase in broadband penetration, adoption of LTE smartphone has increased over years. Need for faster data access over network has increased tremendously over the last 24 months. Companies are focusing on providing faster data accessible networks at affordable prices. Competitive price among the vendors forcing the manufacturers to build the LTE smartphone at a very affordable price with rich features. Affordability of LTE smartphone has increased among the people where many startups gaining grounds to provide LTE smartphones. Technical advancement in different geographic regions have enabled the customers to go for rich featured smartphone. This report presents interpretative and easy-to-understand facts on how the current LTE smartphone market is segmented based on price, shipment and geographies. It cuts through several facets of the LTE smartphone market such as market size, market share for each segment, the drivers and constraints of LTE smartphone marketplace. Report also provides information on the challenges and opportunities that lie ahead for these smartphones.
LTE Smartphone Market - Outlook (2017-21) for Europe ShipmentResearchFox
With increase in broadband penetration, adoption of LTE smartphone has increased over years. Need for faster data access over network has increased tremendously over the last 24 months. Companies are focusing on providing faster data accessible networks at affordable prices. Competitive price among the vendors forcing the manufacturers to build the LTE smartphone at a very affordable price with rich features. Affordability of LTE smartphone has increased among the people where many startups gaining grounds to provide LTE smartphones. Technical advancement in different geographic regions have enabled the customers to go for rich featured smartphone. This report presents interpretative and easy-to-understand facts on how the current LTE smartphone market is segmented based on price, shipment and geographies. It cuts through several facets of the LTE smartphone market such as market size, market share for each segment, the drivers and constraints of LTE smartphone marketplace. Report also provides information on the challenges and opportunities that lie ahead for these smartphones.
Running head CASE STUDY1CASE STUDY5Case StudyHult i.docxsusanschei
Running head: CASE STUDY 1
CASE STUDY 5
Case Study
Hult international business school.
Introduction:
The particular case study begins by stating the various problems associated with the company after the outburst of smart phones and smart technology in the world, despite the fact that Intel was the leading manufacturer of microprocessor and other computer chips in the world. The company enjoyed a net worth of $11 billion with revenue of over $53 billion, as reported by their finance department. And next to this was AMD which has lost almost $1.2 billion of the gross sales reaching an aggregate of $5.2 billion. Despite their market dominance, Intel still faced a considerable threat from a new technology that rapidly consumed the IT market. Smart phones and smart technology became the latest trend for common users, and many of them tend to buy a tablet or smart phone instead of a laptop or personal system. In 2013, the global sale of personal computers fall almost 13% and one of the largest declines in a period of 10 years and this particular downfall increased with each year forecast.
Major problems:
In order to identify the major problems associated with the Intel Company, the 5Ws is used in order to understand the severity of the problem in this particular case study
· The first W is associated with what happened actually? It is clear from the case study is that the PC market has faced a global downfall that has affected Intel Company and their processor market
· The second W is related is who is involved in this particular scenario? As per the case study, smart phones and tablets has grabbed a large amount of consumer and market share that has led to create a very serious threat for IT industries, including Intel company. One of the most prominent and direct competitors for Intel was the ARM manufacturing company, which was developing microprocessors and microchip for different smart phones and tablets.
· The third W defines when this particular case took place? There is actually no date or time to support this that when exactly this particular scenario took place. The smart phone technology rapidly grabbed the market share within years, however, a figure was stated by the case study indicating that in the year 2013, the global sales of PC went down up to 13% and by the end of 2016, the market share of smart phones and smart technology will reach 60%
· The fourth W describes the place where this case occurred. Clearly, Intel is an international label, one of the leading companies to manufacture microprocessor. However, reviewing the particular case study more thoroughly, the ARM processor is a British based company manufacturing smart phones microprocessors and chip.
· The fifth W refers to the reason why this case happened? This is probably the core of this case study, that according to Moore’s law, the size of electronics are decreasing with each passing year, meaning that with each passing year, there are new technologies that ...
2015 Global Trend Forecast (Technology, Media & Telecoms)CM Research
The document provides predictions for technology, media and telecom investment themes over the next 12 months. For hardware, it predicts wearable technology and mobile payments will benefit Apple and Google due to their mobile operating systems. Samsung looks risky, while Lenovo is a long-term favorite. Software defined networking threatens Cisco and Ericsson, while EMC is a long-term play. Google is positioned to gain from numerous concurrent consumer electronics cycles. For software, applications focused on big data like Nuance and Tableau are favored. Amazon may lose cloud dominance as prices fall. For internet and media, Google leads in e-commerce and mobile. Content owners could benefit from multiple internet TV platforms. Voice revenues are declining for telecoms who
LTE Smartphone Market - Outlook (2017-21) for APAC Average PriceResearchFox
This report provides an overview and forecast of the LTE smartphone market in the Asia Pacific (APAC) region from 2017 to 2021. It finds that the APAC market is large and growing, driven by high shipment volumes in India and China. Shipments are expected to increase rapidly due to falling prices, especially in emerging markets where users are price sensitive. The average price of LTE smartphones is forecasted to decline by 7% annually in APAC. Overall, APAC is expected to dominate global LTE smartphone shipments over the forecast period due to low prices and expanding infrastructure in the region.
LTE Smartphone Market - Global Outlook (2017-21)ResearchFox
With increase in broadband penetration, adoption of LTE smartphone has increased over years. Need for faster data access over network has increased tremendously over the last 24 months. Companies are focusing on providing faster data accessible networks at affordable prices. Competitive price among the vendors forcing the manufacturers to build the LTE smartphone at a very affordable price with rich features. Affordability of LTE smartphone has increased among the people where many startups gaining grounds to provide LTE smartphones. Technical advancement in different geographic regions have enabled the customers to go for rich featured smartphone. This report presents interpretative and easy-to-understand facts on how the current LTE smartphone market is segmented based on price, shipment and geographies. It cuts through several facets of the LTE smartphone market such as market size, market share for each segment, the drivers and constraints of LTE smartphone marketplace. Report also provides information on the challenges and opportunities that lie ahead for these smartphones.
LTE Smartphone Market - Outlook (2017-21) for APAC ShipmentResearchFox
With increase in broadband penetration, adoption of LTE smartphone has increased over years. Need for faster data access over network has increased tremendously over the last 24 months. Companies are focusing on providing faster data accessible networks at affordable prices. Competitive price among the vendors forcing the manufacturers to build the LTE smartphone at a very affordable price with rich features. Affordability of LTE smartphone has increased among the people where many startups gaining grounds to provide LTE smartphones. Technical advancement in different geographic regions have enabled the customers to go for rich featured smartphone. This report presents interpretative and easy-to-understand facts on how the current LTE smartphone market is segmented based on price, shipment and geographies. It cuts through several facets of the LTE smartphone market such as market size, market share for each segment, the drivers and constraints of LTE smartphone marketplace. Report also provides information on the challenges and opportunities that lie ahead for these smartphones.
Report’s Key Features
• PDF with > 80 slides
• Excel file > 4,350 patents
• Overview of the most recent patents published in 2019 by MEMS players.
• Main patent applicants.
• Main MEMS technologies and devices analyzed:
– Inertial sensors (accelerometers, gyroscopes, IMUs)
– Microphones
– Microspeakers
– Ultrasonic sensors
– Gas sensors
– Pressure sensors
– Micromirrors
– MEMS Packaging
• IP dynamics and trends of the different MEMS devices.
• Comparison of recent IP and market activities.
• Noticeable 2019 patents from main players.
• Excel database containing all patents analyzed in the report, including technology and application segmentation.
Internet of Things Investment Report - February 2017Harbor Research
Harbor Research releases IoT investment and corporate development report. The IoT landscape has been busy over the past month with over $3.4 billion in investments. We saw an uptake in IoT mentions in quarterly earnings, consolidation in the fiber market, partnerships for the future of secure networks, continued exodus of leadership at a major incumbent chipmaker and large deals funded in AR/MR and autonomous vehicles.
LTE Smartphone Market - Outlook (2017-21) for South America Average PriceResearchFox
With increase in broadband penetration, adoption of LTE smartphone has increased over years. Need for faster data access over network has increased tremendously over the last 24 months. Companies are focusing on providing faster data accessible networks at affordable prices. Competitive price among the vendors forcing the manufacturers to build the LTE smartphone at a very affordable price with rich features. Affordability of LTE smartphone has increased among the people where many startups gaining grounds to provide LTE smartphones. Technical advancement in different geographic regions have enabled the customers to go for rich featured smartphone. This report presents interpretative and easy-to-understand facts on how the current LTE smartphone market is segmented based on price, shipment and geographies. It cuts through several facets of the LTE smartphone market such as market size, market share for each segment, the drivers and constraints of LTE smartphone marketplace. Report also provides information on the challenges and opportunities that lie ahead for these smartphones.
LTE Smartphone Market - Outlook (2017-21) for North America Average PriceResearchFox
With increase in broadband penetration, adoption of LTE smartphone has increased over years. Need for faster data access over network has increased tremendously over the last 24 months. Companies are focusing on providing faster data accessible networks at affordable prices. Competitive price among the vendors forcing the manufacturers to build the LTE smartphone at a very affordable price with rich features. Affordability of LTE smartphone has increased among the people where many startups gaining grounds to provide LTE smartphones. Technical advancement in different geographic regions have enabled the customers to go for rich featured smartphone. This report presents interpretative and easy-to-understand facts on how the current LTE smartphone market is segmented based on price, shipment and geographies. It cuts through several facets of the LTE smartphone market such as market size, market share for each segment, the drivers and constraints of LTE smartphone marketplace. Report also provides information on the challenges and opportunities that lie ahead for these smartphones.
Differentiation and positioning are key in the competitive telecom industry. The document discusses strategies manufacturers use to differentiate such as building brands, focusing on new technology and form factors, custom user interfaces, and targeting specific consumer segments. It also covers the importance of digital marketing and how manufacturers reach consumers through search optimization, social media, and other online strategies to influence purchase decisions. Overall, the document emphasizes that with many suppliers and segments, differentiation is crucial for success in the mobile phone industry.
Selasturkiye Global Smart Phone Market Sizing By RbcZiya NISANOGLU
This document summarizes RBC Capital Markets' research report on sizing the global smartphone market over the next four years. The report predicts that the smartphone market will grow at a 37% compound annual growth rate, significantly outpacing overall mobile phone growth, due to factors like innovative mobile software and hardware, rising consumer demand for mobile data, faster wireless networks, and lower smartphone and data pricing. The report recommends overweighting Apple, Research in Motion, and Microsoft for their long-term smartphone market potential and outlook.
The document provides an executive summary and forecast for the Internet of Things (IoT) market opportunity for 1H 2014 worldwide. It finds that the IoT market will be worth $138.4 billion by 2018, growing at a compound annual growth rate of 33.2%. Key service provider verticals are connected car, home, industrial IoT, utilities, and wearable technology. The market is fragmented with many players from different industries and approaches. Standards bodies are working to set a single set of core standards to drive the industry. No single vendor currently has a complete solution. The report provides revenue forecasts by region and vertical through 2018 and discusses trends among equipment providers, service providers, and the segmentation of the IoT market.
LTE Smartphone Market - Outlook (2017-21) for South America ShipmentResearchFox
With increase in broadband penetration, adoption of LTE smartphone has increased over years. Need for faster data access over network has increased tremendously over the last 24 months. Companies are focusing on providing faster data accessible networks at affordable prices. Competitive price among the vendors forcing the manufacturers to build the LTE smartphone at a very affordable price with rich features. Affordability of LTE smartphone has increased among the people where many startups gaining grounds to provide LTE smartphones. Technical advancement in different geographic regions have enabled the customers to go for rich featured smartphone. This report presents interpretative and easy-to-understand facts on how the current LTE smartphone market is segmented based on price, shipment and geographies. It cuts through several facets of the LTE smartphone market such as market size, market share for each segment, the drivers and constraints of LTE smartphone marketplace. Report also provides information on the challenges and opportunities that lie ahead for these smartphones.
LTE Smartphone Market - Outlook (2017-21) for North America ShipmentResearchFox
With increase in broadband penetration, adoption of LTE smartphone has increased over years. Need for faster data access over network has increased tremendously over the last 24 months. Companies are focusing on providing faster data accessible networks at affordable prices. Competitive price among the vendors forcing the manufacturers to build the LTE smartphone at a very affordable price with rich features. Affordability of LTE smartphone has increased among the people where many startups gaining grounds to provide LTE smartphones. Technical advancement in different geographic regions have enabled the customers to go for rich featured smartphone. This report presents interpretative and easy-to-understand facts on how the current LTE smartphone market is segmented based on price, shipment and geographies. It cuts through several facets of the LTE smartphone market such as market size, market share for each segment, the drivers and constraints of LTE smartphone marketplace. Report also provides information on the challenges and opportunities that lie ahead for these smartphones.
Femtocells are small cellular base stations used to improve indoor wireless coverage provided by mobile carriers. The document analyzes the global femtocell market, which was valued at $220 million in 2012 and is expected to grow rapidly due to increasing smartphone usage. However, the high costs of femtocell devices and network implementation have hindered market growth in developing countries. Major players in the femtocell industry are pursuing partnerships and new product development to gain market share over the forecast period from 2013 to 2020.
With the advent of the Internet, everyday devices are now interconnected. Due to the proliferation of the IoT, several offices and homes have become smart –functioning through connected devices. Increased usage of smart devices such as smart phones and tablets is pushing the demand for IoT monetization. It is a trend that is becoming a serious business activity for many and opening doors for future growth.
DWS19 Seminaire Healthcare William Rolland SNITEMIDATE DigiWorld
Une vraie stratégie nationale pour le numérique en santé
Décloisonner les organisations pour favoriser l’intégration et l’adhésion au numérique en santé
La feuille de route du numérique en santé
La gouvernance du numérique en santé se renforce
La sécurité et l’interopérabilité des SIS s’intensifient
Le déploiement des services numériques socles s’accélère
Les plateformes numériques de santé se construisent
Soutenir l’innovation et favoriser l’engagement des acteurs
Le Tour de France de la e-santé
La concertation
- Creating conditions for Serendipity
- Réduire le temps d'hospitalisation
- La chambre connectée
- Auto-surveillance après une opération à cœur ouvert
- Maintenir les personnes à risque à domicile
- Telco market opportunities and new value creation
- 5G is a giant leap powered by a set of new technologies
- 5G is a giant leap - mandatory to make the 4th industrial revolution happen
- 5G market traction - the market is accelerating
- Nokia Bell Labs' Future X Vision set the direction for 3GPP's 5G architecture
- Nokia 5G commercial references in key markets
- Nokia speed of innovation with the wider 5G ecosystem
-
DWSPR19 Sessions plenieres 17042019 - Enjeux anthropologiques et strategique...IDATE DigiWorld
- penser l'IA européenne avec Paul Valéry : "Regards sur le monde actuel" (1931)
- la force de frappe californienne
- la montée en puissance de la Chine
- L'Europe ne peut rester en dehors de la révolution de l'IA
- L'Europe hors-jeu ?
- Pygmalion et l'IA européenne
DWSPR19 18042019 Cohesion territoriale et digital - Pierre-Michel ATTALI - ID...IDATE DigiWorld
- Le défi du New Deal Mobile
- Le défi du déploiement du FTTH
- Le défi de l'emploi
- Après le plan France THD ?
- Infrastructures numériques : labellisées par L’État à travers le comité stratégique de filière
IDATE DigiWorld - Autonomous Cars Antoine KlifaIDATE DigiWorld
The promises of autonomous cars
Evolution towards full automation
Levels of autonomous driving
Autonomous car potential
Connectivity and communication
5G opportunities
Strategies and roadmap
Announcements regarding availability
Key points
•
From mobile voice to mobile everywhere7
1. LTE global success
•
LTE subscriptionsdistribution (Q4 2017 –Q4 2021)9
•
Breakdown of mobile customers by country and technology, end-20169
•
China Mobile LTE capexand LTE coverage10
•
Outdoor LTE coverage10
•
≥ 500 Mbps LTE-Advanced networks launched11
•
MNOs ranking by subscriber numbers, end-June 201712
•
Subscriber numbers in leading countries12
•
5G usage scenarios13
•
5G Performance Objectives14
2. 5G
•
5G timeline16
•
5G subscribers by region in 202517
•
5G subscribers forecasts17
•
5G widespread technology enablers18
•
Three scenarions for 5G monetisation, MNO’s view19
3. More spectrum for LTE upgrades and 5G
•
IMT bands, below 6 GHz22
•
IMT bands, above 6 GHz23
•
Potential5G bands worldwidein the 20-45 GHz range24
•
Price of premium licences/spectrum per MHz per pop., for 10 years25
•
Price of 700 MHz licences/spectrum per MHz per pop., for 10 years25
DWS17 - Plenary session: Big strategic Bets - Andres LINDLAD - AccentureIDATE DigiWorld
This document discusses how telecommunications companies need to transform their businesses to adapt to new digital disruptors and changing customer demands. It suggests that telcos embrace new service models, partner across open ecosystems, leverage their network and customer experience strengths, and place intelligence at the core of their business to engage customers and drive new service growth. The document encourages telcos to make the decision now to adopt a future-focused mindset.
This document discusses innovation trends from 2015-2025 based on an upcoming report from IDATE DigiWorld. It finds that the top digital innovations of 2015-2020 included mobile, cloud, big data, and digital interfaces/infrastructure. The report predicts a major shift in the top innovations of 2020-2025 to artificial intelligence, robots, and the Internet of Things. It also identifies mainstream technologies like mobile and social networks, usual suspects still emerging like connected cars and industry 4.0, and wild cards with unclear timelines like blockchain, e-health and energy storage. The report suggests innovation is transitioning from digital to "phygital" by integrating physical and digital. It questions what emerging technologies like quantum computing may
The document discusses the future of transportation, focusing on autonomous cars and smart mobility. It summarizes that over the next 15-16 years, car design will evolve significantly with electronics and autonomous capabilities, and fully autonomous cars may be possible within 15 years. However, mass adoption of autonomous vehicles still faces challenges related to safety, technology reliability, security, cost, infrastructure requirements, legal issues, and consumer acceptance.
DWS17 - Investment and digital infrastructure seminar - Roland MONTAGNE - ID...IDATE DigiWorld
Fiber-to-the-home (FTTH) rollouts are progressing but at different paces across countries. Reaching non-dense and rural areas requiring intense investment remains a challenge. Public funding and co-investment models could help leverage private investments. FTTH average revenue per user is lower in Europe compared to the US, so bundling television and sports content may help increase revenue. FTTH can address residential, enterprise and mobile backhaul markets. Significant investments are still needed for FTTH, and solutions around public-private partnerships and new business models must be explored.
[To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
This presentation is a curated compilation of PowerPoint diagrams and templates designed to illustrate 20 different digital transformation frameworks and models. These frameworks are based on recent industry trends and best practices, ensuring that the content remains relevant and up-to-date.
Key highlights include Microsoft's Digital Transformation Framework, which focuses on driving innovation and efficiency, and McKinsey's Ten Guiding Principles, which provide strategic insights for successful digital transformation. Additionally, Forrester's framework emphasizes enhancing customer experiences and modernizing IT infrastructure, while IDC's MaturityScape helps assess and develop organizational digital maturity. MIT's framework explores cutting-edge strategies for achieving digital success.
These materials are perfect for enhancing your business or classroom presentations, offering visual aids to supplement your insights. Please note that while comprehensive, these slides are intended as supplementary resources and may not be complete for standalone instructional purposes.
Frameworks/Models included:
Microsoft’s Digital Transformation Framework
McKinsey’s Ten Guiding Principles of Digital Transformation
Forrester’s Digital Transformation Framework
IDC’s Digital Transformation MaturityScape
MIT’s Digital Transformation Framework
Gartner’s Digital Transformation Framework
Accenture’s Digital Strategy & Enterprise Frameworks
Deloitte’s Digital Industrial Transformation Framework
Capgemini’s Digital Transformation Framework
PwC’s Digital Transformation Framework
Cisco’s Digital Transformation Framework
Cognizant’s Digital Transformation Framework
DXC Technology’s Digital Transformation Framework
The BCG Strategy Palette
McKinsey’s Digital Transformation Framework
Digital Transformation Compass
Four Levels of Digital Maturity
Design Thinking Framework
Business Model Canvas
Customer Journey Map
Easily Verify Compliance and Security with Binance KYCAny kyc Account
Use our simple KYC verification guide to make sure your Binance account is safe and compliant. Discover the fundamentals, appreciate the significance of KYC, and trade on one of the biggest cryptocurrency exchanges with confidence.
❼❷⓿❺❻❷❽❷❼❽ Dpboss Matka Result Satta Matka Guessing Satta Fix jodi Kalyan Final ank Satta Matka Dpbos Final ank Satta Matta Matka 143 Kalyan Matka Guessing Final Matka Final ank Today Matka 420 Satta Batta Satta 143 Kalyan Chart Main Bazar Chart vip Matka Guessing Dpboss 143 Guessing Kalyan night
The 10 Most Influential Leaders Guiding Corporate Evolution, 2024.pdfthesiliconleaders
In the recent edition, The 10 Most Influential Leaders Guiding Corporate Evolution, 2024, The Silicon Leaders magazine gladly features Dejan Štancer, President of the Global Chamber of Business Leaders (GCBL), along with other leaders.
3 Simple Steps To Buy Verified Payoneer Account In 2024SEOSMMEARTH
Buy Verified Payoneer Account: Quick and Secure Way to Receive Payments
Buy Verified Payoneer Account With 100% secure documents, [ USA, UK, CA ]. Are you looking for a reliable and safe way to receive payments online? Then you need buy verified Payoneer account ! Payoneer is a global payment platform that allows businesses and individuals to send and receive money in over 200 countries.
If You Want To More Information just Contact Now:
Skype: SEOSMMEARTH
Telegram: @seosmmearth
Gmail: seosmmearth@gmail.com
Company Valuation webinar series - Tuesday, 4 June 2024FelixPerez547899
This session provided an update as to the latest valuation data in the UK and then delved into a discussion on the upcoming election and the impacts on valuation. We finished, as always with a Q&A
How MJ Global Leads the Packaging Industry.pdfMJ Global
MJ Global's success in staying ahead of the curve in the packaging industry is a testament to its dedication to innovation, sustainability, and customer-centricity. By embracing technological advancements, leading in eco-friendly solutions, collaborating with industry leaders, and adapting to evolving consumer preferences, MJ Global continues to set new standards in the packaging sector.
How to Implement a Real Estate CRM SoftwareSalesTown
To implement a CRM for real estate, set clear goals, choose a CRM with key real estate features, and customize it to your needs. Migrate your data, train your team, and use automation to save time. Monitor performance, ensure data security, and use the CRM to enhance marketing. Regularly check its effectiveness to improve your business.
Digital Marketing with a Focus on Sustainabilitysssourabhsharma
Digital Marketing best practices including influencer marketing, content creators, and omnichannel marketing for Sustainable Brands at the Sustainable Cosmetics Summit 2024 in New York
IMPACT Silver is a pure silver zinc producer with over $260 million in revenue since 2008 and a large 100% owned 210km Mexico land package - 2024 catalysts includes new 14% grade zinc Plomosas mine and 20,000m of fully funded exploration drilling.
Building Your Employer Brand with Social MediaLuanWise
Presented at The Global HR Summit, 6th June 2024
In this keynote, Luan Wise will provide invaluable insights to elevate your employer brand on social media platforms including LinkedIn, Facebook, Instagram, X (formerly Twitter) and TikTok. You'll learn how compelling content can authentically showcase your company culture, values, and employee experiences to support your talent acquisition and retention objectives. Additionally, you'll understand the power of employee advocacy to amplify reach and engagement – helping to position your organization as an employer of choice in today's competitive talent landscape.
SATTA MATKA SATTA FAST RESULT KALYAN TOP MATKA RESULT KALYAN SATTA MATKA FAST RESULT MILAN RATAN RAJDHANI MAIN BAZAR MATKA FAST TIPS RESULT MATKA CHART JODI CHART PANEL CHART FREE FIX GAME SATTAMATKA ! MATKA MOBI SATTA 143 spboss.in TOP NO1 RESULT FULL RATE MATKA ONLINE GAME PLAY BY APP SPBOSS
How are Lilac French Bulldogs Beauty Charming the World and Capturing Hearts....Lacey Max
“After being the most listed dog breed in the United States for 31
years in a row, the Labrador Retriever has dropped to second place
in the American Kennel Club's annual survey of the country's most
popular canines. The French Bulldog is the new top dog in the
United States as of 2022. The stylish puppy has ascended the
rankings in rapid time despite having health concerns and limited
color choices.”
Hamster Kombat' Telegram Game Surpasses 100 Million Players—Token Release Sch...
Mr Peterc Exane Smartphones
1. Smartphones: a commodity in the Future of the Mobile Internet? A financial market perspective Alexander Peterc Head of IT Hardware research, Exane BNP Paribas [email_address] +44 207 039 9413 IDATE DigiWorld Summit November 2011
2.
3.
4.
5.
6.
7.
8. The equity market seems to appreciate (only) a successful smartphone/OS strategy Key smartphone share price performance year-to-date (%, rebased in EUR) Source: FactSet Smartphone strategy success/failure Accelerating share loss, too little & too late BB OS 7, bungled tablet launch… can BBX save RIM in 2012? Started with Windows and failed, badly executed in the switch to Android – is this the end of LG’s smartphones? Failed with Symbian, chose the non-obvious Windows over Android. 2012 = make-or-break for Elop’s strategy. Successful but stalling – can HTC withstand the pressure from Samsung? Catching up with WP OS – but beating the best-in-class is the only option for long-term success Best open-source OS strategy Best-in-class execution with a wise (essentially agnostic) platform strategy Best-in-class software/hardware/content integration across multiple platforms (tablet/phone/computer)
9.
10. Disclaimer Analyst location: As per contact details, analysts are based in the following locations: London, UK for telephone numbers commencing +44; Paris, France +33; Brussels, Belgium +32; Frankfurt, Germany +49; Geneva, Switzerland +41; Madrid, Spain +34; Milan, Italy +39; New York, USA +1; Singapore +65; Stockholm, Sweden +46; Zurich, Switzerland +41. Important notice: Please refer to our complete compliance page available on www.exane.com/compliance that includes Exane's policy for managing conflicts of interest, Rating definitions and complete disclosures per company. Exane is independent of BNP Paribas (BNPP) and the agreement between the two companies is structured to guarantee the independence of Exane's research, published under the brand name “Exane BNP Paribas”. Nevertheless, to respect a principle of transparency, we separately identify potential conflicts of interest with BNPP regarding the company/(ies) covered by this research document. This research is produced by EXANE SA and / or EXANE LTD (“EXANE”) on behalf of themselves. EXANE SA is regulated by the "Autorité des Marchés Financiers" (AMF) and EXANE LTD is regulated by the "Financial Services Authority" (FSA). In accordance with the requirements of FSA COB 7.16.7R and associated guidances “Exane’s policy for managing conflicts of interest in relation to investment research" is published on Exane’s web site (www.exane.com). Exane also follows the guidelines described in the code of conduct of the AFEI (Association Francaise des Entreprises d'Investissement) on "managing conflicts of interest in the field of investment research". This code of conduct is available on Exane’s web site (www.exane.com). This research is solely for the private information of the recipients. All information contained in this research report has been compiled from sources believed to be reliable. However, no representation or warranty, express or implied, is made with respect to the completeness or accuracy of its contents, and it is not to be relied upon as such. Opinions contained in this research report represent Exane's current opinions on the date of the report only. Exane is not soliciting an action based upon it, and under no circumstances is it to be used or considered as an offer to sell, or a solicitation of any offer to buy. While Exane endeavours to update its research reports from time to time, there may be legal and/or other reasons why Exane cannot do so and, accordingly, Exane disclaims any obligation to do so. This report is provided solely for the information of professional investors who are expected to make their own investment decisions without undue reliance on this report and Exane accepts no liability whatsoever for any direct or consequential loss arising from any use of this report or its contents. ANALYST CERTIFICATION: all of the views expressed in the research report accurately reflect the research analyst's personal views about any and all of the subject securities or issuers of this research report. No part of the research analyst's compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressed by the research analyst in this research report. This report may not be reproduced, distributed or published by any recipient for any purpose. Any United States person wishing to obtain further information or to effect a transaction in any security discussed in this report should do so only through Exane Inc., which has distributed this report in the United States and, subject to the above, accepts responsibility for its contents. BNP PARIBAS has acquired an interest in VERNER INVESTISSEMENTS the parent company of EXANE. VERNER INVESTISSEMENTS is controlled by the management of EXANE. BNP PARIBAS’s voting rights as a shareholder of VERNER INVESTISSEMENTS will be limited to 40% of overall voting rights of VERNER INVESTISSEMENTS. Exane BNP Paribas research is also available on the website (www.exanebnpparibas-equities.com) as well as on Bloomberg (EXEQ), First Call, Reuters and The Markets.
Editor's Notes
First off, an outline of my brief presentation on a financial markets perspective on the smartphone ecosystems. We will look at four different topics or aspects in the following couple of slides: A quick overview of mobile operators’ business case evolution – in particular, how they are adapting to the new all-data-driven world, how they cope with the regulatory and market pressure on their traditional voice/SMS-centric revenue model. Then we will turn to the “core” issue of smartphone wars – we will observe how the pecking order has been turned upside down by the arrival of, let’s call it “modern smartphone”, some call it “superphone”. We will look at the “next frontier” for smartphones – lower-cost, likely highly commoditised devices for emerging markets. We will try to gauge the “survival potential” of the various protagonists in ongoing smartphone wars and have a look how that correlates to their stock price performance. And finally, a little peek into how the markets perceive the NFC opportunity.
First check: how are operators doing in the brave new world of smartphones? Service revenue trends are mixed to negative at the moment. There is substantial pressure on operators’ voice/SMS revenues from regulation in the form of MTR-related tariff cuts. The traditional voice has a -8% contribution in Q2 for the aggregate of European operator revenue and the Q3 number is in a similar ball-park, actually probably a bit worse. This is essentially down to price pressure (competition and MTR-related), but volumes of minutes are also slowing from +4% in Q2 to +3% in Q3. Data, on the other hand, compensates partially the voice decline, to the tune of +3% in revenue growth contribution terms. SMS still contributes a slight positive to overall growth. Excluding the regulatory pressure from MTR, service revenue is positive, but even here growth is slowing to below 2%. Given the current macro environment, it is important to highlight the correlation to GDP growth for operator revenue. The 08-09 period showed a revenue to GDP correlation of cca 0.5%. This means that all else equal, the 1.6%pt cut to European GDP may translate into a 0.8%pt cut for service revenue. In all, the underlying trends at operators are thus mixed: negative given the headline revenue contraction, but positive with data now being the major revenue growth driver for operators. A healthy operator base is essential for the smartphone industry, as ultimately operators’ solidity warrants healthy capex trends, with encouraging data revenue trends encouraging upgrades to newer, more data-capable networks alongside more substantial subsidies, essential for an accelerated smartphone adoption.
Now, let us have a look at how the mobile device industry changed with the arrival of the “modern smartphone” – naturally, we are here referring to the iPhone, that first made its appearance in 2007. This chart depicts mobile phone (including smart and non smart devices) profit shares at the operating (EBIT) level. Until the emergence of the iPhone, Nokia reigned supreme in the “old-school” smartphone arena, with a unit market share of 50-60% in smartphones and an overall market share of 40%. Nokia’s overall mobile phone industry profit share (in EBIT terms) peaked at 60-65%, last seen for that vendor in Q2 08. I think it is only fair to say that Nokia’s smartphone domination was achieved with a very different class of devices, epitomised by its legendary N95 smartphone. The device boasted best-in-class features, including all forms of connectivities, a then-very-high-end camera and screen, significant on-board storage – essentially a glorified featurephone. There was no application or content ecosystem to speak of, and the “touch paradigm” that revolutionised the smartphone user interface was nonexistent. With Apple’s launch of iPhone 3G, the incumbent’s landslide, headed by Nokia, started as of Q3 2008. Fast-forward three years later to today – and you see that Apple and Nokia traded places, with now Apple dominating 2/3 of industry profits while Nokia is crushed to negligible entity. Note that Nokia is not the first casualty in mobile phones: Motorola was a very strong number two with its RAZR, but almost vanished in 07 and never made it back to the top of the charts. The same can be said for the more marginal Sony Ericsson, off the charts in 2008, or LG, embattled since early 2010. It will be very interesting to observe whether Nokia can be the first manufacturer to truly make it “back from the dead” in the mobile phone arena. Note also that, interestingly, apart from the consistently good performer Samsung and the relatively new kid on the block HTC, the Android camp is far from dominant in profit share terms – although Samsung’s clout is clearly growing. Finally, RIM is not really dead from the profit perspective, supported by highly lucrative subscription services. RIM’s real underlying profit share of the device industry probably looks much worse, if we attempt to strip out only blackberry device EBIT (not disclosed by Co but likely negative).
Now, since I have the pleasure (or the uncomfortable position, given current times) of being the “voice of the stock market” on this panel, here goes my first (and last!) stock price chart of my presentation. With this chart, I hope you will be able to understand why equity markets monitor very closely smartphone competitors’ operating profit share – it is an excellent measure of how an individual vendor stacks against the rest of the world in this fiercely competitive market. With higher profitability, a vendor can secure more ambitious R&D and marketing roadmaps, invest into its ecosystem and its operating system, secure large quantities of critical components at the best possible price… And so, you can probably understand why Nokia’s share price tracked so closely the vendor’s share in the overall industry profits over the past ten years. The peak in 2007 coincides with the last moments when Nokia commanded a collosal 2/3 of industry profits. Fast forward four years later to today, and Nokia’s market capitalisation shrunk by a factor of 6 as its industry profit share almost vanished. You can probably also clearly guess why Nokia shares can only recover if the vendor manages to prop up its global industry share to something decent, but even in the best of events, a return to former glory seems near-impossible – Nokia’s new CEO Stephen Elop targets a 10% Device EBIT margin longer-term –by 2013– which is less than half the margins of Nokia Devices’ glory days (20-25% range), with a global unit market share also about half what it used to be – therefore Nokia can perhaps recover to a 15-20% industry profit share at best – and this assumes Apple’s collosal EBIT margins normalise a little bit, which in itself is also quite a daring assumption.
And now for a quick look of where the smarpthone market is going at present. As you can see in the left-hand chart, smartphones as a proportion of overall phone sales have surpassed the 50% threshold by end-2010/early 11 in mature economies (WEUR, NAM), currently closer to 60%. As these are saturated markets with overall handset sales barely growing, it is only natural to now assume these markets have seen the best of their smartphone growth years. All eyes should now turn to emerging markets – only 20% of devices sold there are smart, with strong regional discrepancies (LatAm and China have higher adoption rates, India and Africa much lower, for example). And this is clearly perceptible if you look at the distribution of smartphone market growth by geography. In 09, mature economies represented 2/3 of total growth. Emerging rose to ½ of total market growth in 2010, and this year it is dominating by capturing 2/3 of world smartphone growth. For example, WEuropean smartphone growth stalled to flat/slightly down yoy in Q3, from 50% growth earlier in the year, while NAM slowed to 20% in Q3 from 70% yoy growth in Q1. meanwhile, APAC smartphone market growth powers ahead at an unperturbed 130% - 150% every quarter this year. In order for smartphone growth to accelerate in emerging economies, we need to get price/demand elasticity to do its job over time – a common pattern in consumer electronics. In this specific case, smartphones at an unsubsidised price of less than USD100 are needed – indeed, most emerging markets are largely unsubsidised due to low ARPUs (although this is changing a bit in some markets such as China). We hear from Chinese suppliers and from Samsung, that these price points will be reached in the course of next year with mass volumes of Androids. Nokia is not ready for these price points with its new (WP) platform yet, and has stop-gap measures in place (“smarter” featurephones with on-board FB / Angry Birds). This is of course NOT the future for this market – a commoditised full smartphone is the only way to go in the long run, in our opinion.
And now, on to the more difficult question – how many operating systems will survive? Let’s first contemplate one simple fact: the smartphone market is getting towards an annual run-rate of half a billion units. This is therefore a very large market indeed, bigger than the PC market, with very entrenched and sticky ecosystems. Unlike the plain mobile phone market where vendors compete on perceived brand equity, design and feature set, a smartphone vendor must convince the incremental new buyer of the quality of its ecosystem above all – and this is getting harder and harder as more consumers chose and start investing hard currency in established ecosystems. This is why, at least when it comes to North America and Western Europe, we believe that smartphone ecosystem wars have been fought and won by Apple and Google – there is no question whether these two guys are here to stay – the question is rather, is there a good reason for any other ecosystem to survive longer-term. As Symbian is wound down to zero by 2013 from absolute domination in 2008, it will be interesting to watch whether Nokia can convert a meaningful portion of its historical user base to the Windows platform. This will be very interesting to watch, because the share of Windows actually shrunk very substantially since the launch of WP7 to currently an almost negligible entity (1.5%) from 5-6% in H1 2010 just before the WP7 launch. In our estimates, we give Nokia credit for its brand equity in emerging economies, which yields the recovery of the WP platform share from 2013 on, but Nokia’s ability to drive costs down on WP8 will be absolutely key here for the platform’s longer-term viability. Finally, the jury is out on RIM. There is clearly a loyal and extremely sticky customer base with in Entreprise users, and perhaps in some emerging markets (although the longer-term stickiness of such commodity, simple applications as BBM remains to be seen). I would just say that after Symbian, WebOS and LiMo/MeeGo and, let’s face it, WP7 fiascos, RIM is the last player to attempt the impossible: total makeover with BBX. To-date its execution with QNX (present on its PlayBook tablet) has been patchy, to say the least, despite a seemingly promising UI effort. We shall see but chances are RIM’s recovery centred on BBX is a very, very long shot. Just a final word on this matter, that I leave to your appreciation. In my view, selling an OS with the associated ecosystem is much, much harder than selling a branded product. In order to succeed, a new platform needs to ADD COLLOSAL VALUE to the consumer, either with features (iOS) or price point / accessibility (Android). A vendor that only imitates the best-in-class without adding this collosal and unmissable value to the end-user will, in my view, invariably fail in the long run. If I push this line of thought to the extreme, by 2015 only iOS and Android will coexist with non-negligible (>5%) market shares – all others will either perish or accumulate ever-increasing losses (this is something that large monopolists such as Microsoft can effectively afford to do for quite a long time).
Now, back to what we do best – talk about stock prices! Of course we only talked about one tiny aspect of global technology – smartphone strategies. But I think we can say success or failure in this particular niche is of paramount importance for the equity market’s valuation of individual protagonists’ overall potential. We compiled here a list of smartphone giants (in many cases significantly diversified outside of the smartphone arena and some of them even don’t make smartphones at all). So let’s have a look at the correlation between these smartphone leaders’ share prices, and what we can qualitatively say about the success of their smartphone strategy with the amount of smileys (or non-smileys) that they “earned” so far this year, in our view. You can clearly see that the equity market rewards a successful smartphone strategy deployed by winners Apple, Samsung, to a lesser extent Google on which the jury is out whether they are actually making any money or just preserving their core business by investing heavily, then giving away for free, their Android OS and ecosystem. At the other end of the spectrum, Nokia, LG and RIM, clearly the failures of the year, have been punished by 40-70% drop in their market value year-to-date. HTC is perhaps on its way, shifting from winners into losers, as its share gains stall in the current quarter. Can HTC really put up a solid fight with an increasingly dominant Samsung at the high end, and low-cost Chinese at the commoditised end, in the increasingly bloody Android arena?
And finally, a quick peek into how markets see the NFC opportunity. First of all, we are seeing a huge amount of interest from investors, very few question the long-term potential of the technology and those who trialled it on trade shows or elsewhere actually do love it. However, the biggest question we are getting at this point is “how to play it?” from an equity investment perspective. Investors are reluctant to buy into big semi names such as NXP or STM for which NFC will always only represent a tiny bit of earnings. Same goes for likes of First Data or Google for instance. This leaves investors with smaller listed companies such as Gemalto, Ingenico, or VeriFone; but on these names, a general lack of understanding of the technology/business model actually leads to somewhat unpredictable share price reactions. For instance, as illustrated below in the case of Gemalto, the stock was up “only” 1.5% vs the sector when GTO was first rumoured to have won the TSM contract for Isis. Conversely and weirdly enough, the stock was up 4.3% vs the sector when Google launched its NXP-based First Data-serviced Nexus S. These erratic and poorly-founded moves find their explanation in the typical questions we get from investors which only illustrate that a lot of education remains to be done in this field. Amongst the most common misconceptions, we would highlight that most investors still believe that MNOs are eager to share interchange fees with payment networks, that Apple will be able to use iTunes as a payment platform in the real brick-and-mortar world, regardless of obvious processing/acquiring issues, that Google plans to make money out of its Wallet by taking a cut on transactions…and so on. In short, it seems that on NFC, financial markets are largely driven by general sentiment: depending on the mood of the day, NFC-related stocks move on any piece of news, with little understanding of how such newsflow will actually impact the different stakeholders in the industry.