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Charles Arthur provides a convincing back-story to the Google exec re-shuffle. Google shuffle: why Eric Schmidt had to be pushed from the top | Technology | guardian.co.uk. There is evidence of execution failure and…
There are many thoughts which are not substantial enough to be posted as blog entries. There are also questions that need to be asked or answered which are not yet ‘baked’ enough to be cast into a permanently linked…
In the last quarter Apple’s top line grew by 70% and the bottom line by 75%. For a historical perspective, the following table shows year-on-year growth for products[1] and sales/earnings color coded with an arbitrary…
The story of amateur out-performance has been getting more attention lately and that’s a good thing. Success emboldens more amateurs to try their hand at financial analysis. Transparency of methods and data demystifies a…
Professional analysts’ first year iPad unit forecasts (sourced from TMO Finance Board) Here are the predictions from Tech Bloggers: Apple sold 14.8 million iPads in 2010. I sometimes use the phrase “unforeseeable growth”…
The following chart shows the value of Apple’s cash and cash equivalents for end of 2010: This represents $64/share (current price per share is about $340, making the enterprise value about $276). The company was trading…
Thanks to a reader for asking this question: “Wouldn’t it be more telling to look at the monthly rate of downloads / device at any given time?” Yes it would. Here’s what can be derived based on download rates and…
We believe that we’re on the face of the Earth to make great products, and that’s not changing. We’re constantly focusing on innovating. We believe in the simple, not the complex. We believe that we need to own and…
After reviewing the payments to suppliers, we can look at the store’s revenue generation rate. With the same assumptions, we have the following chart: We will have to wait for another report to see whether the recent…
The last analysis of the iTunes content store showed amazing acceleration in download rates. Since we know something about the pricing of apps in aggregate, we can make some guesses about the income from apps for both…