Plus a nice little article on Apple's share of the mobile phone market. Note, this is the important share of the mobile phone market, the one that matters. Profits.
Apple's Share of Mobile Phone Industry Profits Pushes Toward 60%
Asymco yesterday published a pair of charts providing an interesting perspective on mobile phone company performance for the first quarter of 2011, comparing units sold against profitability.
In the first view, the eight largest mobile phone brands are depicted according to share of units sold during the quarter, with Apple (shown in dark orange) checking in at about 7% share among those top vendors. Apple is joined by Research in Motion and HTC in a category of "smartphone-only" vendors that were responsible for 16% of the overall units shipped during the quarter by the top vendors.
But in looking at the profitability of those top eight vendors, a very different view emerges with Apple accounting for about 57% of total profits and Research in Motion and HTC pitching in to give the smartphone-only vendors over 75% of the total profits among the top vendors. In addition, three of the five "diversified" vendors (LG, Motorola, and Sony Ericsson) drop out of the picture entirely in the new view as they were each unable to turn a profit on their mobile phone businesses during the quarter.
Morning, Thor!
ReplyDeleteI love this post.
There are so many MBAs in the marketing organizations of big companies that think the wider the spread of products, the more profit you can make.
The word is focus, ladies and gents. Focus on your strengths. Exercise them. Make your strengths the best of breed.
Then, you will be profitable.
Good article, Thor.
One more quick comment:
ReplyDeleteHave a look at CENX. That took the pipe when the commodities got jerked around because of the jerks at the silver exchange changing margin requirements to save JP Morgan (who is short silver, as you all know). We can't have silver go up, so let's change the margins and silver will drop like a flying monkey.
JP Morgan will be saved. Hallelujah.
(Bet you didn't know I knew how to spell that.) ("T-h-a-t")
Anyway, have a look at CENX. They're turning up, and if they get back to their up channel, they may hit 20 soon.
I was stopped out as they fell, but it seems they're leaving the downchannel and turning up. And ICan, SU might be turning up as well, but I know you're watching that. We have to look out for the oil vigilantes who will do their utmost to keep oil down, not to give the middle east too much money right now.
GS downgraded Intel.
ReplyDeleteYou don't suppose they're reading our blog, do you?
This is interesting. If my math is correct, that's $1276 in sales per square foot.
ReplyDelete@Rock,
ReplyDeleteRe China's power shortages. Saw that few days ago.
Due to droughts. Parts Yantze River's river bed is exposed. Hydroelctricity provides about one-fifth of China's power. Associated Press.
How much will this affect coal and oil?
ICan
I saw this at another source and raised an eyebrow (or two). Like I've said before, LinkedIn is a nice little site, but worth these kinds of valuations? Should make us all feel a little uneasy that things are bubbling up again in tech.
ReplyDeletehttp://www.zerohedge.com/article/linkedin-ipo-opens-trading-83-980x-annualized-pe
That thing is going to be the short of the century someday for those who are patient.
ReplyDeleteDoes anyone doubt the QE3 (under whatever name they call it) is coming? and 4, 5, 6.......
ReplyDeleteThey really have no choice now (way too much invested in this path) but to keep pumping this thing just like Japan has so it will keep going until some "unforeseen" event or events stops it.
Smells like a variation of stagflation to me:
ReplyDeletehttp://www.zerohedge.com/article/bring-out-qe3-philly-fed-plummets-prints-39-expectations-20
Interesting development. Going red. Sideways market seemingly going nowhere fast. Zzzzzzzzzzzzzzzz.....
ReplyDeleteNeed QE3 and then it's off to the races again?
Good morning folks! Greg - classic! :-)
ReplyDeleteThor, how's the beta testing of Lion going?
ReplyDeleteAnd there are wild fires around crude country, Alberta.
ReplyDeleteEverything matters, until it doesn't. This market is like mucsical chairs game.
ICan
Greg - will respond when I get to the office. So far not so much.
ReplyDelete@ICan:
ReplyDeleteYour 10:10:
Bloomberg says it's due to the fact that the rail line isn't complete from China's mines to the coast, and it will take 3 years to complete.
Sounds like a 3 year market for ANR and MEE.
Also, Bloomberg said that the trucks are doing 90MPH+, and that road is nowhere to be if you're a WillamenaWimpyWhiner.
Reminds me of I495......or maybe the Southeast Distressway at 1AM Saturday morning.....
@Mannwich
ReplyDeleteI went to the Expat grocery store (which is just up the block to the stoplight and cross the street). After what Thor said,and I wholeheartedly agree, I thought I'd get more of you.
You were sold out. At $7.95 a can. Sold out. Unbelievable.
I'm gonna go in tomorrow and demand either a raise or they feed me. Probably cheaper for them to give me a raise.
Greg - so far the support people beta testing Lion are not impressed. They're all saying that it's obvious that Apple is trying to merge iOS with OSX. On the surface, this OS is pretty clearly eventually meant to be for touch. Wouldn't be at all surprised if at some point in the not too distant future, the iMacs (at least) are turned into touch screen devices. Can you imagine what that would be like to work on? A 27" touch screen iMac?
ReplyDeleteI'm pretty sure we're still just testing Developer Beta 3, so a ways to go yet for the final product.
LinedIN up 100%? Hrmm, is it just me, or does that sound familiar?
ReplyDeleteThis kind of shit just makes me want to scream. Could we HAVE a more blatant example of what's really going on in this country and what The Henchmen of The Plutocracy really stand for?
ReplyDeleteWarren is currently an advisor to the president overseeing the agency, but has not been put up for appointment, since Senate Republicans have vowed to block the appointment of any director for the CFPB, even a Republican, unless the bureau’s powers are weakened. Republicans, the letter says, “would rather hold your appointment hostage and obstruct the process than make sure consumers have a strong advocate on their side.”
Read more: http://www.politico.com/news/stories/0511/55306.html#ixzz1MpTKHyvN
I thought this was good.
ReplyDeletehttp://www.truthdig.com/report/print/the_obama_deception_why_cornel_west_went_ballistic_20110516/
This is very good as well. Koo says QE2 mostly drove speculation and did very little for the real economy. Not surprising to us here, but still good.
ReplyDeletehttp://www.creditwritedowns.com/2011/05/qe2-drives-speculation-not-real-economy.html
Greetings from Madrid!
ReplyDeleteWe just got in from dinner, yes they really do eat at 10:00 pm, tapas, and it was really good. The restaurant was very old and authentic, a place for locals, not tourists.
They are having demonstrations here in Madrid and all over Spain from what our guide has said, and the square is just two blocks from our hotel.
Lots of police, police cars and people starting to mill around. Shades of Egypt, Thor!
This is a protest against their political system, not the government itself. The protest is supposed to get much larger as the weekend approaches.
@Denise: Great to hear from you! I was thinking of you as I've been reading about the protests in Spain. What is it with some of us traveling and being near some historic stuff? Although lately it's not hard with everything that seems to be going on, it is quite interesting!
ReplyDeleteEnjoy yourself but stay safe!
This is our first day of a decent internet connection, so I have not had time to look at the markets except for a little CNBC on the telly. The European perspective is always different and much more critical and revealing of the US.
ReplyDeleteLisbon, Portugal, and now Madrid are all so much more beautiful than I had imagined. The people do not discuss the financial crisis, they avoid the topic, and are embarrassed at their plight. They had the same housing shenanigans as we did, bad loans, no down payments, and a collapse in prices of 40%. Unemployment is Portugal is 10%, officially, and is expected to go much higher. Of course, their safety net is much better than ours so I don't think that there is the misery that we have in our country.
Lisbon and Madrid's restaurants, bars and hotels are busy, but traffic is down and expected to fall further. Everyone is happy to see the ugly Americans and their dollars.
What's interesting is that the protests are getting very little, if any coverage on the MSM outlets online from what I can tell. Quite telling if you ask me.
ReplyDeleteManny,
ReplyDeleteWe are quite safe as the protests are supposed to be very peaceful... Just the youngsters wanting to be heard. Elections are here on Sunday so this is timed to coincide with that.
We are more worried about the pick pockets and already our group has been targeted. Crime, and graffiti is way up according to our guide because so many people are out of work and because of the free borders, criminals and poor people can go to any city and prey upon people.
Denise - So glad you're having a good time! Sounds like you're having an amazing trip, can't wait to hear more and see pictures! :-)
ReplyDeleteManny,
ReplyDeleteThat is interesting because the opposite is happening here, the media is playing it up, exaggerating the numbers of people, and acting like this is Egypt 2.0.
According to our guide, a native of Madrid, this is just them wishing to be heard like the other young people, nothing more.
Thor,
ReplyDeleteThe trip has been incredible so far, lots of great photos, tired feet and not enough sleep. We are served wine with lunch and dinner, all we care to drink! But a cup of coffee costs you 3 euro. The food has been so delicious and the laid back style of the people takes some getting used to after paranoid and hyperactive American life.
People are eager to talk to Americans and are very friendly and welcoming. The trip has just gotten better and better.
Tomorrow we go to the Prado Museum. Our tour guide's biggest fear is that we will be in Barcelona on the day that Barcelona plays for the UEFA cup and if they win there will be riots right outside of our hotel.
ReplyDelete@Mannwich:
ReplyDeleteI hesitate to speak out on political issues because this is an Anonymous Traders blog. But yes, I agree Obama is an Oreo.
And it will be interesting to see how Eric Schneiderman is discredited and fired or otherwise forced to resign. Maybe they'll use the "Molested Maid" subterfuge, or "Hired Hooker gone Moral" subterfuge. But it will be interesting.
At any rate, we simply need to trade with the establishment, not be contrary, and I think we'll be able to live our lives out in relative comfort.
I traced CENX down and bought within .10 of its low. I think CENX, an aluminum producer whose management far outshines AA, will be doing quite well, supplying aluminum to the establishment.
@Rock: But politics definitely has its place when trading, IMO. If Schneiderman has done something wrong and/or hired a prostitute at some point, I'm sure the elites will dig it up and bury him as well, just as they did the Spitz man. For his sake, I hope he's quite clean, although who really is at these levels and in these jobs, at least anymore?
ReplyDeleteAnd I thought that Cornel West's scathing critique of Obama was spot on. Hard to argue with any of it.
ReplyDeleteA Champagne Socialist.
ReplyDeleteHow does a socialist public servant pay for $3000-a-night hotel suites and first-class flights? How about tailor-made suits, $35,000/each?
http://www.slate.com/id/2294227/
Maybe some of these people have lost touch with reality.
ICan
Prepare for Fed Hike...in 2018...so says Goldman Sachs - Trader Mark. fundmymutualfund.com
ReplyDeleteBOC's Carney also thinks the Fed will not hike rates until 2012 at least - financialpost.com
ICan
Manny - agree. Trading is almost completely political anymore. Wall Street has now completely merged with DC, economists can be said to be either liberal (Krugman) left leaning (BR, Yves) Right Wing (take your pick) or bat shit crazy "libertarian" (Mish and Denninger). I don't think it's possible to separate politics from trading, investing, or economics and finance. On the contrary, I think that it's dangerous NOT to see and base your trading style on this knowledge. I know I do with my own investing.
ReplyDeleteThe debt ceiling disaster is a perfect example of how politics has not completely merged with economics. No one is interested in doing what is economically desirable, this purely economic decision will be made with no other considerations but political.
ReplyDeletenot = now
ReplyDeleteAnd what could be even MORE disturbing that the merger of economics and politics?
ReplyDeleteTHIS
Catholic bishops boost Ryan
By JENNIFER HABERKORN | 5/19/11 8:33 PM
The Catholic Church weighs in on the budget.
Correct me if I'm wrong, and without being dramatic (right ;-) isn't this all pretty much the textbook definition of Fascism?
ReplyDeleteThis comment has been removed by the author.
ReplyDelete@MAnnwich:
ReplyDeleteYour 7:07
Me.
@Mannwich:
ReplyDeleteSo I went in to the boss' office and said you cost 7.95 a can and I can't afford you so either give me a raise or feed me.
He told me to get out of his office and not come back.
Maybe that was the wrong approach?
Rock - Look what I just bought.
ReplyDeletehttp://itunes.apple.com/album/experiment-in-terror/id298396401?i=298396516&ign-mpt=uo%3D5
This particularly.
ReplyDeletehttp://www.youtube.com/watch?v=cteEC-zlRZs
@Thor
ReplyDeleteYeah, I have a bunch of Henry. I have both Gunn albuns and Lucky. And a bunch of thers, but because I used to watch those shows, I kind of have an affinity for them. Of course they were on vinyl, so I had to record them then separate the tracks and MP3 the wavs.
You gotta love CoolEdit.
My Denon doesn't spin anymore. Sigh.