Apple (Nasdaq: AAPL) may have become the largest dividend payer in the world and may have a cash pile bigger than the market cap of GE, but the market is still not impressed. After touching a record high before the result announcement, the stock fell as the company continued to struggle with growing its iPhone sales and failed to deliver an impressive outlook.
According to a BI Intelligence report, the US consumers spent an estimated $385 billion online in 2016 and are expected to spend $632 billion in 2020. The report also found that the number of online shoppers in the US grew by nearly 20 million last year to 224 million shoppers.
The unstoppable Alphabet (Nasdaq: GOOG) appears to be moving fast to break the $1000 a share price tag. Its consistently stellar performance has helped drive its market cap north of the $600 billion market cap level for the first time. And, it doesn’t look like the growth will slow down soon. According to eMarketer, US digital ad spending will increase 16% this year to $83 billion and Alphabet and Facebook will continue to claim the largest share in the industry. Alphabet’s overall share of digital ad spending is estimated to be 40.7% this year compared with Facebook’s 19%.
According to BI Intelligence, US consumer online spending will grow from $385 billion in 2016 to $632 billion in 2020. While the average US retail growth rate was just 2% in the first half of 2016, it was 16% for e-commerce. Amazon (NASDAQ: AMZN) is the dominant force in the US e-commerce sector with a 43% market share fuelled by the success of Prime memberships. I expect their market share to grow as they master new categories of retail. >>>
Earlier this week Twitter (NYSE: TWTR) announced its first quarter performance, which surpassed market expectations. But the market is still not pleased. This was the first ever quarter that showed declining revenues since the company went public. And, the future doesn’t look much rosier.
After 21 years of being listed on the stock exchange, Yahoo (Nasdaq: YHOO) recently announced the results for its last quarter as a public company. Once the jewel of the Internet, Yahoo’s story is a remarkable one that proves how continuous mismanagement and lack of focus can drive a company to its demise. Over the past decade, Yahoo has struggled with shrinking revenues and its inability to keep pace with the evolving technology landscape.
Ride-sharing app Uber appears to excel in how to be in the news for all the wrong reasons. Earlier this year, the company was accused of turning a blind eye to sexual harassment in the office. Later on, there was a viral video showing its CEO Travis Kalanick berating an Uber driver. Then, this week, it landed in more trouble when it was sued over one of its app features that tracks drivers. But despite the negative publicity, Uber continues to remain one of the highest valued privately held companies and the market continues to await its IPO.
According to a recent report published by MarketsandMarkets, the cloud storage market size is estimated to grow $23.76 billion in 2016 to $74.94 billion by 2021. That translates to an annualized growth rate of 25.8% over the five-year period.
According to a recent report by ReportsnReports, the worldwide market for Internet of Things (IoT) was worth $16.3 billion in 2016. Touted to be the next Industrial Revolution, the IoT market is expected to reach $185.9 billion in 2023. C3 IoT, a market leader in the space, has recently joined the Billion Dollar Unicorn Club.
If there was any worry that the Chinese e-commerce player Alibaba (NYSE: BABA) would be impacted by the result of the Presidential election in the US, it has been laid to rest. Alibaba continues to outperform market expectations and deliver stellar growth. And now, it is shifting gears on its payment affiliate Ant Financial.