A recent report by MarketResearch.com estimates the U.S. electronic medical records (EMR) market to grow 18% annually to $6.05 billion in 2015. The market was estimated to be worth $2.18 billion in 2009. The report claims that growth in the market is being fueled by the nationwide healthcare reforms and the need to control healthcare costs while improving the quality of services offered.
According to Gartner, during the previous quarter, global PC shipments grew only 2.3% over the year to 85 million units. Gartner had earlier estimated sales growth of 6.7%. Netbooks and tablets continued to eat into traditional PC sales. iPad sales doubled last quarter to 9.25 million units, and an estimated 20% of buyers who would have otherwise bought a Windows PC bought the iPad instead. Declining PC sales hurt Windows revenue, which fell for a third consecutive quarter. Yet, Microsoft (NASDAQ:MSFT) continued to surpass market expectations as it pushed forward in other segments.
According to the Association of American Publishers, e-book sales reached $441.3 million last year from $61.3 million reported two years ago. In a survey conducted by the Book Industry Study, it was found that within the U.S., a quarter of those surveyed had switched to electronic books. Players like Amazon are counting on capturing further the yet untapped market.
While services like Google Wallet are focused on helping consumers use their smart phones to make payments, there is another big player who has created a smart tool focused on the needs of businesses. Founded in 2009 by Twitter co-founder, Jack Dorsey and James McKelvey, Square was initially founded to provide a solution, especially for small business owners, to accept credit card payments through their mobile phones. >>>
Semiconductor IP players like ARM Holdings (NASDAQ:ARMH) and InterDigital (NASDAQ:IDCC) have benefitted immensely from the booming sales of smartphones. ARM dominates the mobile computing space and has sets its sights on Intel’s (NASDAQ:INTC) domain of traditional computing. InterDigital, which has about 1,300 patents in cellular technology, recently announced that it is considering strategic alternatives, including a sale. Apple and Google are said to be among the interested companies. Let’s take a closer look. >>>
There doesn’t seem to be much stopping IBM’s performance. Since the beginning of the year, the company has been setting year-high records for their stock price. Their recent quarterly results continued to beat the market expectations and were driven by their strategy of focusing on higher-margin businesses including software and services. There couldn’t have been a better way for the company to celebrate its 100th anniversary this year.
Netflix’s rapid growth finally seems to have slowed. In the latest quarterly results declared earlier this week, the company announced disappointing growth in the number of subscribers. Subscribers in the U.S. to Netflix’s DVD and streaming services grew by a relatively smaller number of 1.96 million to 24.6 million users, compared with the 3.6 million users added a quarter ago. Growth is projected to slow further in the current quarter. Netflix expects to end the current quarter with a domestic subscriber base of 24.6 million to 25.4 million.
According to comScore, e-commerce spending excluding travel grew 12% over the year in the first quarter to $38 billion. Growth continued this quarter, e-commerce spending for May coming in at $12.3 billion, recording growth of 12% over the year. E-commerce player eBay’s quarterly results reflect the industry’s sentiment.