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The research and development budget used to be 9 percent of revenue, Mr. House told me; now it was closer to 2 percent. “In the personal computer group, it is seven-tenths of 1 percent,” he added. “That’s why H.P. had no…
After ASP, Sales, and Unit Volumes we look at the three year history of operating margins for the seven most significant mobile phone vendors (Nokia, Samsung, LG, Motorola, Sony Ericsson, RIM and Apple). The following…
asymco | Apple’s R&D Efficiency. Following up on R&D efficiency, we are measuring operational expenses for Apple. Here is the chart showing how, as a percent of sales, R&D + SG&A have declined, though R&D has been more…
John Gruber puts things in perspective: The key bit: “At the critical juncture […], when they should have gone for market share, they went for profits.” I think this encapsulates Jobs’s philosophy since taking over Apple…
Speaking of correlation… General Electric, the largest holding in the S&P 500 Value Index Fund, has a forward price-earnings ratio of fourteen. Apple, the quintessential growth stock and largest member in the S&P 500…
All phone vendors saw smartphones coming. They hired all the right market research companies and spent lavishly on analysts to confirm that phones with operating systems were imminent. Nokia was one of the early movers,…
Pricing is a leading indicator of value. Some might argue price and value are often out of whack but, in the long term the two converge. So it’s instructive to measure how a vendor creates value by what it’s able to…
Following up from the last article on the global phone units sold over the last three years (Visualizing the winners and losers of three years of smartphone share growth), we take a look at the sales in dollar terms over…
Japan and Korea have further 3G reach but use it significantly less. His findings support notions that Android and iPhone are controlling data use in the US. The iPhone’s current exclusive home, AT&T, and…
Many consider June 2007 to have been a pivotal moment in the history of mobile phones. Apple’s entry with the iPhone has re-defined the market in many ways. However, there was a smartphone market before then. About 28…