http://meownewsletter.com Multimedia Ecosystem Opportunity Watch Wed, 03 Feb 2010 01:49:28 +0000 http://backend.userland.com/rss092 en $40 billion at end of 2009 shows acceleration over 2008. In 2008 Apple added $9.7B in cash while in 2009 it added $11.7B. Apple still has no debt. I consider it safe to assume that at least $10 billion will be added during 2010 for an end of year total of ... http://meownewsletter.com/2010/02/02/what-will-apple-eventually-do-with-all-the-cash/ Here is a table of the iPhone business so far (click on the table for larger view): 1. ASP has been increasing. It peaks immediately post-launch. Since it reflects a mix of two SKUs it also shows more early adopters opting from the higher-end model. 2. Gross margin reflects shipping ... http://meownewsletter.com/2010/02/01/restatements-of-apples-financials-reveals-iphone-asp-and-allows-closer-estimation-of-margins/ When asked about the company's recent acquisitions of Quattro and Lala after the recent earnings report, Apple's chief financial officer Peter Openheimer answered, "In terms of Quattro and Lala we acquired Quattro because we wanted to offer a seamless way for developers to make more money on their apps, especially ... http://meownewsletter.com/2010/02/01/confirmation-of-apple-ad-strategy/ Nokia regained top spot in operating profit.  I'll leave net profit assumptions aside this time, but Apple is sure to have beat by having far lower R&D as percent of sales. Nokia Smartphones had a good quarter due to new launches.  I attached share and ASP comparisons for smartphones in both ... http://meownewsletter.com/2010/01/29/nokia-vs-apple-financial-performance-in-devices-services/ I think it's a logical evolution of mobile computing. A hop along the trajectory. When the iPhone first rolled out as an embodiment of the new touch-based UI--a disruptive technology, I said it was far too good as a phone. It could not be a better phone ... http://meownewsletter.com/2010/01/28/some-further-ipad-thoughts/ Observations: 0. feature rationing in effect. Apple is also clearly demarcating the product as fitting in a continuum of usage behaviors. If there will be cannibalization, it will be affecting Mac, not iPhone. 1. it's a new line in the income statement. Accessories and other revenues will add cream ... http://meownewsletter.com/2010/01/27/ipad-first-take/ Anonymous posting from inside MSFT: "E&D is going through the biggest re-org the division has ever had. ERod has decided to pursue other opportunities effective immediately. TVM is no more. Windows Mobile is heading out of E&D and into Windows because Sinofsky pointed out Robbie’s continued failure in the mobile space ... http://meownewsletter.com/2010/01/24/an-anonymous-microsoft-employee-posting-reveals-the-fate-of-windows-mobile/ Sony Ericsson shipped 14.6 million phones at an average selling price of EUR120 in the fourth quarter, down from 24.2 million units at an average selling price of EUR121 a year before. Net sales fell to EUR1.75 billion from EUR2.91 billion, in line with market expectations. -- We will see next week, ... http://meownewsletter.com/2010/01/24/apple-will-overtake-sony-ericsson-in-phone-market-share-in-2011/ Profit Capture of Incumbents. See the graph under the link provided (source: Morgan Stanley). In 5 years, Incumbent operating profits from the mobile phone industry went from 100% share to 39% share. If this is not indicative of a successful (i.e. disruptive) entry, I don't know what is. I should ... http://meownewsletter.com/2010/01/23/incumbent-profit-share/ On account of Apple having cash of nearly $35 billion(*) while Google has about $22b, Google still retains a lead in terms of Enterprise Value ($165b vs. $154b). EV gives a better perspective on future earnings potential. On the other hand, Apple is increasing cash more rapidly. I think ... http://meownewsletter.com/2010/01/23/google-vs-apple-market-cap-there-is-a-hidden-truth/