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Chrome Hits 20% Share As IE Continues Slide
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Chrome Hits 20% Share As IE Continues Slide
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AAPL Up With Markets
Employers added 200K jobs for the third straight month, contributing to the biggest corporate hiring spree in 5 years. Markets are responding well, reversing a week-long slide. Shares of AAPL are up over 2 points, in line with the rest of tech. Upcoming catalysts include the WWDC starting June 6; iPad 2 supply stabilization; the iPhone 5 launch this summer / fall; smartphone push into China and emerging markets; iTunes and other cloud initiatives; the continued evolution and adoption of Apple TV; and new platforms such as video, books / publishing and social (Ping). Shares of Apple trade at 11x Enterprise Value / Trailing Twelve Months Free Cash Flow (incl. long-term marketable securities).
The Lower Price-Point iPhone Is Coming, It's Just A Matter Of When (Barron's)
Oppenheimer & Co analyst Ittai Kidron took over coverage of Apple with an Outperform rating and a $450 price-target, saying stock is a “core holding in any technology or growth portfolio.” He believes the rumored lower price-point iPhone, is more a question of when, not if, following the footsteps of the iPod which worked its way into lower price tiers. Kidron predicts 73 million iPhones to be shipped this fiscal year ending in September, and 28.5 million iPads.
Apple Anticipated To Take 75% Mobile App Market Share This Year (Boy Genius Report)
According to the latest projections by iSuppli, Apple's App Store may very well claim a much bigger share of the mobile app download market than anyone previously anticipated. Estimates for the Apple App Store this year call for revenue of $2.91 billion, up 63.4% from $1.78 billion year-over-year. Total industry app revenues rose to $2.1 billion last year and is estimated to increase to $3.8 billion in 2011. Meaning Apple will account for approximately three-quarters share of the market.
Apple Moves to Number Two Worldwide Smartphone Manufacturer (GigaOM)
Apple replaced RIM as the second largest worldwide smartphone vendor during the first quarter of 2011, according to IDC. Apple is led only by Nokia, and followed by RIM, Samsung and HTC which round out the top five. Apple’s shipments grew 114% from the previous year, jumping from 8.7 million to 18.7 million handsets. The company now trails world industry leader Nokia by only 5.5 million shipped units. Read more at Business Insider.
News Corp. Might Be Losing Money On The Daily, But Apple Isn't (Electronista)
News Corp’s digital publication, The Daily, which premiered on the iPad in February, hasn’t had too impressive a first quarter. Even though the app was downloaded over 800K times, the publication made a loss of around $10 million. The Daily was the first iOS app to support Apple’s recently introduced in app subscription policy, and can be subscribed to for $0.99 a week. While the iPad may not save the publishing industry, that's still a cool $240K that Apple pocketed for providing the distribution vehicle.
Tablets Now Eating Into Other Devices (Nielsen)
A survey from Nielsen shows tablets cutting into not only desktop and laptop usage, but stealing time from e-readers and dedicated gaming machines as well. The computing load is clearly shifting away from more traditional machines, presenting a significant challenge to hardware makers. The study also shows Apple growing its U.S. tablet share rather than decline amid more than two hundred tablets swarming the market, with 82% of tablet owners buying an iPad.
Is Apple Compromising On Publisher Terms? (Venture Beat)
Hearst, one of the major U.S. magazine and newspaper publishers, will begin implementing iTunes subscriptions in three of its iPad apps starting with the July issues. A Hearst representative is quoted as saying, “Our deal is fundamentally different from any other deal Apple has done with a publisher.” Does that mean a deviation from Apple’s subscription plan (which has been criticized for requiring publishers to give Apple 30%)? Maybe Apple is showing some flexibility.
What's Up Apple's Sleeve Hiring The Inventor Of LucasFilm THX Sound System? (GigaOM)
The big buzz around Silicon Valley is that "sound legend" and venerable cinematic audio innovator Tomlinson Holman has been hired by Apple to help dramatically improve the company's audio-related efforts. Does this mean Apple may be looking into the possibility of creating its own, Apple-branded sound systems? That would be great, because according to Business Insider what they offer right now is marginal.
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March search share data from comScore is out.
Google and Bing are up slightly, while Yahoo is down slightly.
Here's the details from Jefferies analyst Youssef Squali.
Google and Bing gained slight market share M/M. Google gained about 29 bps to 65.7% in March vs. 65.4% in February while Yahoo! lost 38bps to 15.7%. Bing took some M/M share during March mostly from AOL (AOL, Hold, PT $26) and Yahoo!, and was up 31 bps from January to 13.9%. For 1Q11, Google had 65.6% market share down from 66.4% a quarter ago, while Yahoo! was slightly down to 16.0% vs. 16.3%. Bing had the highest Q/Q gain (about 117bps) from 11.8% during 4Q10 to 13.6% during 1Q11. It's important to note, however, that comScore's qSearch data excludes international and mobile searches (android has the largest marketshare among smartphones at ~31%), as well as video searches on sites like YouTube. All of these are becoming an increasing part of Google's overall traffic, and growing faster than US desktop search. By some estimates, Google has 97% of the mobile search market. (please see our eWeekly report dated 3/10/11 for details).
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SEARCH SHARE DATA OUT: Google, Bing Up, Yahoo Down (GOOG, MSFT, YHOO)
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AAPL Sliding In Weak Tech Tape
The NASDAQ has eased off of its gains in early trading, but the broader market has built on its opening bounce. Shares of AAPL are off nearly 1% as the stock continues to slide into next week's earnings report. Upcoming catalysts for the stock include results of its second fiscal quarter on Wednesday, April 20 at 5:00 p.m ET; any update regarding Steve Jobs' healthy return; the WWDC starting June 6; monthly NPD data to gauge Mac / iPod businesses; iPad 2 sales updates; iPhone sales updates, the push in China, as well as the launch of the iPhone 5 (whenever that may be); new revenue streams such as video, books / publishing and social (Ping); moving iTunes into the cloud; and the continued evolution and adoption of Apple TV. Shares of Apple trade at 13x Enterprise Value / Trailing Twelve Months Free Cash Flow (incl. long-term marketable securities).
The iPad Will Dominate Through 2015 Says Gartner (Bloomberg)
The iPad will continue to dominate the market for tablet computers, controlling more than three-fifths of the market next year, according to technology research firm Gartner. Apple’s iOS platform, which powers its iPhone and iPad devices, will account for 69% of the market this year and 64% in 2012. Apple’s share will decline to 47% in 2015, according to the report today.
Tablets (Meaning The iPad) Are Stealing People Away From Other Devices (CNet)
Tablets may be starting to steal people away from their laptops, desktops, and even televisions, according to a survey of ~1,400 respondents released this week by Google's AdMob. The survey breaks down how people are using their tablets, which in most cases so far, means the iPad. Shopping online occupied the lowest percentage among specifically polled options, with only 42% of respondents confirming they used their tablets to buy from the internet.
Is Apple Spending Enough On Research And Development? (Seeking Alpha)
The company may become “the next Polaroid,” the camera/film company that lost its way as quick film processing and digital technology emerged to replace instant film. Apple’s research and development budget is a comparatively low percentage of revenues at 3%. Most tech houses, like Intel, Intel forever spend over 10% on R&D. With $60 billion in liquidity, the company could easily crank up research and development. What it's already spent has seemed to work out quite well so far.
Analyst Says Petabyte Buy Dovetails With Cloud-Based iTunes (Barron's)
Barclays Capital's Ben Reitzes commented on Apple's purchase of 12 petabytes worth of storage equipment from Isilon Systems (EMC). It prompted speculation regarding expected cloud-based services. Reitzes says that such huge amounts of data "dovetail nicely" with a Cloud Tunes an online version of Apple's popular iTunes.
The iPhone 5 May Well Be On Track For A Summer Release (AppleInsider)
The iPhone 5 might not be delayed at all. The newest version of iPhone may well be on track for a June-July release, according to Analyst Brian White with Ticonderoga Securities. As rumors of a later-than-usual iPhone launch for 2011 persist, a new report reveals that the notoriously secretive Apple is being even more careful than usual when dealing with overseas suppliers. Read more at Business Insider.
Hiring Spree: Apple Hires Top Execs For Gaming Platform (AppleInsider)
Apple just poached two top industry PR execs to help further push iOS as a major gaming platform. Nick Grange, who departs his role at Activision as the studio's European PR director, will be focused on iPad hardware and former Nintendo UK head of communications Robert Saunders will leave his position at the end of April for a "newly created role at Apple". Apple's strategy appears to be paying off; smartphone gaming has risen to 44% of the mobile gaming market, while the number of games played on the Nintendo DS and Sony PSP has fallen by 13%.
Woz Said He Would Consider Coming Back To Apple If Asked (VentureBeat)
Apple co-founder Steve Wozniak said that he would consider returning to an active role at the company he helped start if asked. However that statement, which came out during an interview, comes with some strings attached, specifically about the openness of the company's products. It seems unlikely, since Apple could have asked him back a long time ago.
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THE APPLE INVESTOR: The iPad Will Dominate Tablet Market Share For Next Four Years (AAPL)
Nokia, Microsoft to Share ‘App Marketplace’ Revealed Microsoft’s Job Listing
Backlink: http://feedproxy.google.com/~r/DTWB/~3/Q9P2jR3Iux4/
Location-based services are going to have a hard time overcoming privacy fears and proving their worth.
According to a Microsoft survey about location-based services released today, people think the risks far outweigh the benefits of sharing their location with others through services such as Facebook Places and Foursquare.
Microsoft conducted the survey as part of its participation in Data Privacy Day on Friday. Most of the results focused on whether users find location-based services more useful or more frightening, but there were also some statistics about the relative popularity of different services.
Some interesting nuggets include:
Microsoft asked the questions online during December 2010, and polled 300 residents in each of five countries -- the US, UK, Germany, Japan, and Canada.
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Most Users Don't Want To Share Their Location (GOOG, MSFT)