The Five Powerhouses of the Consumer Technology Platform (GOOG, AAPL, FB, MSFT & AMZN)
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Price: $889.37 -1.94%
Rating Summary:
40 Buy, 14 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Rating Summary:
40 Buy, 14 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
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Wells Fargo updated its estimates on Google (Nasdaq: GOOG) today. Analyst, Jason Maynard, said, "For Q2 we now project net revenue of $9.25B given a month of MMI (vs. prior estimate of $8.37B, which did not include any MMI revenue), with EPS of $9.45 (vs. prior $9.66). For the full year, we now project net revenue of $40B with EPS of $41.00, vs. our prior estimate of $35.3B and EPS of $42.15."
Although, he also updated his thesis on the powerhouse companies and the consumer technology platform. Maynard sees Google, Apple (Nasdaq: AAPL), Facebook (Nasdaq: FB), Microsoft (Nasdaq: MSFT) and Amazon (Nasdaq: AMZN) all fighting for the spot where mobile devices, consumer software and cloud services intersect. His opinion is that the most important thing these companies have is information on their customers. The more personalized the data, the better equipped these behemoths will be to monetize their user base.
Overall, Maynard thinks near-term and possibly on an intermediate basis, times may be difficult, but it looks to be the right long-term strategy.
To conclude, the Wells Fargo analyst said, "Amazon appears very well poised to subsidize devices as vehicles for customer acquisition, retention, and of course monetization through Prime and commerce. Apple via their iCloud and other services has built the right balance in their ecosystem, in our view. Microsoft is now competing with their OEM’s via the Surface tablet. Who knows if the speculation of a Facebook phone is true but we wouldn’t be surprised given the need to monetize mobile. As a result, Google’s hardware play could easily turn out to be more than just reference designs and experiments as they seek to drive local commerce via NFC."
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Although, he also updated his thesis on the powerhouse companies and the consumer technology platform. Maynard sees Google, Apple (Nasdaq: AAPL), Facebook (Nasdaq: FB), Microsoft (Nasdaq: MSFT) and Amazon (Nasdaq: AMZN) all fighting for the spot where mobile devices, consumer software and cloud services intersect. His opinion is that the most important thing these companies have is information on their customers. The more personalized the data, the better equipped these behemoths will be to monetize their user base.
Overall, Maynard thinks near-term and possibly on an intermediate basis, times may be difficult, but it looks to be the right long-term strategy.
To conclude, the Wells Fargo analyst said, "Amazon appears very well poised to subsidize devices as vehicles for customer acquisition, retention, and of course monetization through Prime and commerce. Apple via their iCloud and other services has built the right balance in their ecosystem, in our view. Microsoft is now competing with their OEM’s via the Surface tablet. Who knows if the speculation of a Facebook phone is true but we wouldn’t be surprised given the need to monetize mobile. As a result, Google’s hardware play could easily turn out to be more than just reference designs and experiments as they seek to drive local commerce via NFC."
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