Posts by Aaron Pressman
Aaron Pressman at Yahoo Finance 7 hrs ago
The huge snowstorm barreling up the Eastern seaboard has already had at least one impact on online behavior. Bunches of lonely singles have started posting looking for companionship.
“I'm seeking a single 20- or 30-something female who shares my excitement for snow days and wants to create the semi-romantic, mildly productive yet equally fun adult version,” wrote one such poster, as captured by Business Insider.
But on a more serious note, wintry weather has been credited with boosting ecommerce over shopping in the real world, as consumers stay home and click through the virtual aisles instead of braving the cold and hitting the mall.
“This story crops up now almost every year when we have winter weather coming up and the effects get overstated,” says Andrew Lipsman, vice president at comScore.
People do spend a lot more time online during bad weather incidents, but they’re doing more window shopping than actual shopping, he says.
Aaron Pressman at Yahoo Finance 12 hrs ago
Apple (AAPL) reports the results of its all-important holiday quarter on Jan. 27 and the risks are rising for shareholders. Expectations for the company have risen sharply —along with the company’s stock price — since last spring, when few investors showed much enthusiasm. Since then, Apple’s share price has gained more than 50%, topping $112 last week. Wall Street analysts’ average price target for the stock has hit almost $123, from the mid-$80s back in April, and three-quarters of analysts have a buy rating on the stock. According to FactSet, Wall Street is looking for Apple to report earnings per share of $2.59, a 25% increase from a year ago, and revenue of $67.3 billion, which would be a gain of 17%, the biggest quarterly revenue jump in revenue in two years. Estimates have risen sharply as analysts have been raising their forecast of iPhone sales. A year ago, analysts forecast EPS for this quarter of only $2.17 and revenue of $59.6 billion. But the most important number is probably iPhone sales. It’s hard to pin down Wall Street’s exact average forecast. Some cite a Bloomberg analyst survey of 65.5 million. Fortune Magazine's quarterly survey, which includes pro and amateur Apple analysts, also came in at 66.5 million, but there are a number of analysts clustered around a forecast of about 70 million. That would be a record and a huge 37% gain over last year’s holiday quarter iPhones sales. Many analysts expect the average selling price also rose from last year, thanks to the iPhone 6 Plus.
Aaron Pressman at Yahoo Finance 4 days ago
“We want to move from people needing Windows to choosing Windows to loving Windows. That is our bold goal with Windows.” So spoke Microsoft (MSFT) CEO Satya Nadella at the outset of his brief speech at the Windows 10 coming out party on Wednesday. And while the software looks sharp and includes a bunch of useful, new features, Nadella’s emotional pitch sounded a lot more like his wrong-way predecessor, Steve Ballmer, than the savvy newcomer who took over last year. And it wasn’t just seeking the love – Nadella also sounded like he was reviving Ballmer’s strategy to focus on improving and protecting Windows as the top priority, even as the world has moved on to more mobile and Internet cloud-based platforms. “Simply put, Windows is the best place, it’s the home for the very best Microsoft experiences,” he declared. “There’s nothing subtle about this strategy. It’s a practical approach, which is customer first. We want to give ourselves the best opportunity to serve our customers everywhere and give ourselves the best chance of helping customers find Windows as their home. That’s what we plan to do.” Ballmer’s big mistake was focusing too much love and attention on Windows. Microsoft was years ahead of Apple (AAPL) in the smartphone and tablet computing markets, but with poorly conceived products that relied heavily on the same old Windows interface. Software and services, even the world-dominating Office suite, were made first and foremost for Windows. Ballmer was also known for his deep, perhaps even excessive, devotion to Windows and Microsoft, whether getting worked up on stage, shouting at developers, criticizing competitors or forbidding his kids from owning iPods. [Get the Latest Market Data and News with the Yahoo Finance App] Nadella seemed to mark a sharp break from Ballmer’s Windows obsession. Last March, at his first-ever product unveiling, Nadella started off the demonstration not with a Windows laptop or Surface tablet but with an Apple iPad. Here, finally, years late, was Office for the iPad.
Aaron Pressman at Yahoo Finance 5 days ago
Like a phoenix rising from the ashes, the idea that we’ve entered a “post-PC era" is about to make a huge comeback in 2015.
The signs are everywhere already, whether it's Microsoft’s (MSFT) Windows 10 introduction, IBM (IBM) highlighting its Apple (AAPL) iPad app efforts or Hewlett-Packard (HPQ) unveiling a new tablet line. Once Apple’s smart watch and rumored larger iPad arrive, the revival will be in full swing.
As the leading proponent of the post-PC mantra, Apple should also be one of the top beneficiaries. Sales of iPhones are already flying on the latest upgrade cycle but iPad sales have been a sore spot and likely declined for the first time last year. So CEO Tim Cook is expected to go bigger, with a more work-oriented tablet, and smaller, with a handy wrist communicator, this year.
Aaron Pressman at Yahoo Finance 11 days ago
The “Big 5” book publishers are feeling good and riding high. Unlike shrinking movie box office receipts and plummeting music sales, 2014 book sales were up a healthy 4% to 5% all year -- though the true final numbers aren't in yet. Publishers also defeated their top frenemy, Amazon (AMZN), at least somewhat last year, by winning back control over ebook pricing in new multiyear sales deals stuck by French-based Hachette and CBS (CBS) unit Simon & Schuster. At the same time, the portion of the market sold in ebook form, where Amazon has been most dominant, seemed to stabilize at around 25% to 30%. At the Digital Book World Conference in New York this week, the mood was, if not quite giddy, at least more upbeat than in some prior years. The book market will continue to evolve, most agreed, but perhaps without the threat of total disruption publishers once feared. "It looks to many people, including me, like things are calming down in the book market," says longtime publishing industry consultant Mike Shatzkin. Challenges from subscription services But lurking ahead, there are several possible challenges that could upset the current balance. Subscription book-rental services are small, but growing fast.
Aaron Pressman at Yahoo Finance 13 days ago
Fresh off its win at the Golden Globe awards on Sunday, Amazon’s (AMZN) nascent television production studio got another boost Tuesday, nabbing famed director Woody Allen to create a new series.
Allen, who has won four Oscars for his films, will write and direct an as-yet untitled half-hour series that will premiere exclusively online via Amazon’s Prime Instant Streaming service, the company said in a press release.
Ever the comedian, Allen said he had no idea what the new show would be about yet. “I don’t know how I got into this,” he said in the release. “I have no ideas and I’m not sure where to begin.”
All three companies are moving onto the ground still dominated by premium cable networks, particularly Time Warner’s (TWC) HBO. Hollywood’s top talent once looked down on the Internet-only streaming services, but a growing list of awards, the promise of greater creative freedom – and hefty investments – have convinced many to sign on.
Aaron Pressman at Yahoo Finance 14 days ago
Samsung’s (005930.KS) struggles selling smart phones have become the semiconductor’s problem now.
Shares of Sandisk (SNDK) plunged 14% on Monday after the chip maker said sales of flash memory used in smartphones, known as NAND, would fall short of expectations. The warning followed a similar issue disclosed last week by NAND competitor Micron Technologies (MU). Its shares lost 6% on Monday.
The problem appears to be that with Samsung’s smartphone sales lagging, the company needed fewer of the NAND chips it made for its own devices. That put pressure on the market for NAND chips overall, analysts said.
Investors had expected booming NAND sales at the end of 2014, as sales of smartphones, tablets and laptops were growing and customers were buying more storage than ever. Apple (AAPL) doubled the amount of NAND used in its middle- and high-end iPhone 6 models, for example.
Micron was the first to disclose the overflow, although it pointedly did not name mention Samsung by name.
Aaron Pressman at Yahoo Finance 14 days ago
Kim Kardashian may have melted the Internet – or almost – with her risqué magazine cover last year, but it seems she won’t be able to supply a business model to save the mobile gaming industry.
Glu doesn’t report its fourth-quarter earnings until Feb. 4, but with the game’s sales in free-fall, the $200 million marks seems far out of reach.
In the game, which can be downloaded for free, players try to become famous, with occasional advice from a virtual Kim. Advancing quickly requires frequent in-game purchases of currency, "Koins," used to customize a character's appearance and enhance social status. Some players got addicted, but the appeal wore off over time, as it does with most mobile games.
So for struggling mobile gaming companies like Glu, it's back to the drawing board.
Aaron Pressman at Yahoo Finance 17 days ago
People worried about the next dangerous tech bubble haven’t been able to point to much evidence in the public stock market of late, with many of the biggest companies trading at below-market multiples.
Instead, they’ve groused about optimistic venture capital firms overvaluing some of the most well-known private startups. Firms like Uber, Xiaomi and Dropbox are “worth” $10 billion and up, at least according to the valuations implicit in their most recent VC rounds.
But recent initial public offerings, instead of confirming those possibly overvalued levels, have actually questioned them. The latest victim of public market skepticism is online storage provider Box, which announced pricing for its upcoming IPO at a top value of $1.6 billion, below the $2.4 billion valuation of its most recent round of private capital six months ago.
They may not be bargains, but there’s little evidence of a 1999-2000 kind of disaster brewing, at least for public investors.
Aaron Pressman at Yahoo Finance 19 days ago
The mobile phone wars just keep getting better for consumers. On Wednesday, AT&T (T) announced it would let subscribers on its mobile share value plans rollover unused data to future months, much like competitor T-Mobile’s (TMUS) recently announced data stash feature.
The latest volleys follow heaps of price cuts, phone promotions and other new benefits that have cheered consumers, and disappointed investors, for much of the past year. T-Mobile and Sprint (S) have been leading a drive to lower prices, as the two smaller carriers try to grab customers away from market leaders AT&T and Verizon Wireless (VZ).
But as usual, consumer will have to read the fine print to make sure they qualify for the new rollover perk.
For example, if a family of four used only 10 GB of their monthly 15 GB allowance, they could use up to 20 GB the following month without having to pay extra. But if they didn’t use the rolled over 5 GB during that next month, the extra data would expire.