Alphabet (Nasdaq: GOOG) recently announced its fourth quarter results. While revenues surpassed market expectations, the earnings were a miss due to accounting policy changes. But the market has been forgiving to Alphabet given the huge strides it is making in non-search areas.
Microsoft (Nasdaq: MSFT) recently announced its first quarter results that surpassed market expectations and proved to the world its agility. Like I said earlier, it maybe the dark horse in the race, but it is certainly taking the right strides.
eBay (Nasdaq: EBAY) finally appears to be taking a turn for the better. Not only did eBay deliver better than expected results during the holiday quarter, it also improved some of its operational metrics. But its outlook still continued to disappoint the market.
According to a Newzoo report, the total gaming market worldwide was estimated to grow 8.5% over the year to $99.6 billion in revenues in 2016. This is also the first year when mobile gaming will account for a bigger share than PC games. Mobile gaming was estimated to bring in $36.9 billion in revenues, growing 21.3% over the year. The global gaming market is expected to grow 6.6% annually over the next three years to be worth $118.6 billion in 2019 with mobile gaming accounting for $52.5 billion of these revenues.
Flash sales sites were part of the cool startups once. Venture capitalists put in money in these sites because they thought the sites would be strong competition to online and store-based retailers. The sites also started to carve out their own niches, with focus on fashion, shoes, and even home décor products. Initially, the businesses did well. Most flash sites were set up in 2008-2009 when the economy was in trouble and retailers were looking to offload merchandise. But as the economy picked up, the flash sites lost their glitz.
After the dry spell for tech IPOs in 2016, 2017 is expected to be a busy year. Billion Dollar Unicorns Snapchat and AppDynamics have already filed to go public and another unicorn that has long been on the IPO prospects list is social media content discovery app Pinterest, which has low revenue but a ridiculously high valuation. >>>
For the 19th straight quarter, IBM (NYSE: IBM) has reported declining revenues. But the silver lining in the results was its performance in its strategic imperatives. The company saw strong growth for the cloud, analytics, mobility, and security businesses. The growth wasn’t enough to keep the market happy. Despite the company surpassing market expectations, the stock fell post the result announcement. >>>
Video streaming has caught on incredibly well. According to a MarketandMarkets report, the global video streaming market is expected to grow from $30.29 billion in 2016 to $70.05 billion by 2021, at a CAGR of 18.3% during the forecast period. Netflix (NASDAQ: NFLX), the pioneer in video streaming, is reaping the benefits of this trend. But the competition is also increasing. >>>