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    Vitaliy_Kiselev
    Capitalism: Meet big criminals, aka Microsoft report
    • Results for the quarter ended March 31, 2019:

      • Revenue is $30.6 billion and increased 14%
      • Operating income was $10.3 billion and increased 25%
      • Net income was $8.8 billion and increased 19%
      • Diluted earnings per share was $1.14 and increased 20%

      Microsoft returned $7.4 billion to shareholders in the form of share repurchases and dividends in the third quarter of fiscal year 2019.

      “Demand for our cloud offerings drove commercial cloud revenue to $9.6 billion this quarter, up 41% year-over-year,” said Amy Hood, executive vice president and chief financial officer of Microsoft. “We continue to drive growth in revenue and operating income with consistent execution from our sales teams and partners and targeted strategic investments.”

      • Office Commercial products and cloud services revenue increased 12% (up 14% in constant currency) driven by Office 365 Commercial revenue growth of 30% (up 31% in constant currency)
      • Office Consumer products and cloud services revenue increased 8% (up 10% in constant currency) and Office 365 Consumer subscribers increased to 34.2 million
      • LinkedIn revenue increased 27% (up 29% in constant currency) with record levels of engagement highlighted by LinkedIn sessions growth of 24%
      • Dynamics products and cloud services revenue increased 13% (up 15% in constant currency) driven by Dynamics 365 revenue growth of 43% (up 44% in constant currency)

      Main income increases are price hikes in cloud business, government contracts for clouds (moving from smaller firms who managed local datacenters), price hikes for Office 365, moving lot of government owned offices to subscription based products inducing enormous damage and big profits for Microsoft.

      All profits + few extra bank credits moved via buybacks to largest investors.

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    Vitaliy_Kiselev
    Camera Sales: Q1 Canon Report, Drowning Straight Down
    • image

      In the first quarter, sales of interchangeable-lens cameras were down 19% to 850 thousand units. This reflects the combined impact of accelerated market contraction for DSLRs, in particular entry-level models, and economic slowdown in China, which is a sizeable market for interchangeable-lens cameras.

      The habit of capturing images with smartphones with improved cameras has become a part of daily lives of consumers. As a result, the market for entry-level DSLRs is contracting at a pace that exceeds the outlook we had at the beginning of the year. That said, we expect the user base of professionals and advanced-amateur, people who value the image quality and expressive possibilities afforded by cameras with large sensors and an abundance of interchangeable-lenses to remain. For the market overall, however, we expect the trend of market contraction to continue for some time.

      In light of these circumstances, we decided to reexamine our full-year projections for the market and our own unit sales. We now expect the market and our own unit sales to decline 17% to 8.6 million units and 4.2 million units, respectively.

      Mirrorless cameras, known for being small and lightweight, are increasing their presence in the market. Amid this situation, we will steadily shift our focus from DSLR to mirrorless cameras with the aim of maintaining our overwhelming competitiveness, which we have built upon DSLRs.

      From a profit perspective, in the full-frame sensor category where particularly high growth continues, even among mirrorless models, we will work to improve our product mix, actively expanding sales of both R System products. Additionally, for lenses with high profitability, we will not only promote sales of RF lenses, but also continue to promote the appeal of our broad range of EF lenses. Furthermore, we will work to expand automation initiatives not only to other products, but also other processes, raising our cost competitiveness and linking this to a recovery in profitability.

    2 comments 3 comments Vitaliy_KiselevApril 2019Last reply - April 2019 by Vitaliy_Kiselev Subscribe to this blog
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    Vitaliy_Kiselev
    On Tesla and Self Driving Fairy Tale
    • This thing will flop miserably as soon as someone will attempt to use it widely in reality.

      We'll have some self driving cars, but not now, not using NN approach, and with 99,9% probability not under capitalism.

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    Glenn7
    Industry rumors: In some segments camera market volume can drop 70% this year
    • Some retail channel representatives told me that they expect that some of camera market segments can drop as much as 70%. This can include cheapest 3x zoom compacts and longest premium ultrazoom large sensor cameras.

      Panasonic m43 sales in US can drop around 35% YoY due to lack of any good new products and very conservative approach to prices. Panasonic lenses sales can drop 40% YoY. Another of my sources told about high tensions in US and EU branches.

      Panasonic S line bodies and lenses preorders and initial delivery amount is around 65% of initial planned (this include first correction to lower amount during CP++ time!), with S1R and most expensive lenses being at around 35% of planned.

      Canon still holding quite strong in entry level and top segments. But middle segment is very weak. Total drop is expected to be 30%.

      Z-CAM sales are very disappointing also. Among cinema cameras BM is going strong, not being able to fulfill orders, as usual.

      We can see Olympus and Pentax actions and some announcements closer to year end. Both companies are barely alive with constant swings and very tense relations with retail. Ricoh also lost almost all sales of 360 cameras and GR III sales initial preorders are bad. They carefully organized with few top review sites and people some nice happy reviews, but it won't help much. Olympus is doing similar things moving to tight personal relations and extreme attention to every major review and feedback. Reviewers and related people are informed that harsh or doubtful feedback will result to instant ban from any further information and bodies.

    1 comment 2 comments Vitaliy_KiselevApril 2019Last reply - April 2019 by Glenn7 Subscribe to this blog
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    Glenn7
    Capitalism: One of the biggest patent parasites - Rambus, is not in best shape
    • image

      If not lot of licensing payment company could not survive. And it is in the interest of the industry to kill this defective creature.

    1 comment 2 comments Vitaliy_KiselevApril 2019Last reply - April 2019 by Glenn7 Subscribe to this blog
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