It sounds like a broken record when it comes to Amazon’s (Nasdaq: AMZN) earnings. The company delivered another stellar quarter that even recorded its biggest profits ever. And most of it is thanks to the cloud.
A report by eMarketer released earlier this year expects US Digital Video ad spend to grow from $7.46 billion in 2015 to $9.59 billion in 2016. The market is projected to be worth $14.77 billion by the year 2019 with mobile accounting for $6.82 billion of the share. Social networking giant Facebook (Nasdaq: FB) has already captured the world of mobile advertising and is now looking to become the giant in video advertising as well.
Twitter’s (NYSE: TWTR) quarterly performance sounds like a broken record. Quarter after quarter, the social media company has failed to meet expectations. Earlier this week, it reported its latest quarter’s results and it was the slowest quarterly revenue growth since it went public.
Apple (NASDAQ: AAPL) was expected to report a bleak quarter due to the continuing slump in iPhone sales. It was not just iPhones, though. iPad and Mac sales have also declined. It is time Apple made a big move. >>>
Yahoo (Nasdaq: YHOO) finally seems to have found a buyer for its core assets. After years of trying to recover lost ground, earlier this year, the company had decided to sell off its core assets. It has finally found a willing buyer in Verizon. Yesterday, Verizon agreed to buy Yahoo for $4.83 billion, making it probably the best news for Yahoo in a while.
For some time now, eBay’s users have been a disgruntled lot. It has a poor feedback management system and there are issues in search and discoverability. eBay (NASDAQ: EBAY) is now focusing on improving these organically and through acquisitions. >>>
Microsoft (Nasdaq: MSFT) appears to be on a roll, finally. The recent result announcement earlier this week, sent the stock soaring close to its 52-week high levels. The company surpassed analyst expectations, primarily driven by the growth in its cloud business. According to a Gartner report published earlier this year, the global market for cloud system infrastructure is projected to grow to $22.4 billion this year and Microsoft is making sure it has a big chunk of the market.
IBM’s (NYSE: IBM) revenues continued to decline for the seventeenth straight quarter, but the general sentiment is that it seems to be making progress in its strategic turnaround and its stock is trading close to its 52-week high. IBM has been moving away from computer hardware sales and reorganizing its portfolio to focus on “strategic imperatives” like the cloud, analytics, and mobile computing. >>>