It may have been a disastrous quarter for tech stocks. Most companies including powerhouses such as Alphabet, Microsoft, and even Apple reported disappointing results. But one company that continued to surge unscathed is Amazon (Nasdaq: AMZN). Analysts are impressed with Amazon’s newfound profitability and it continues to take further moves to ensure that its bullish
According to eMarketer, the global mobile advertising market is expected to cross $100 billion in 2016 and account for more than 50% of all digital ad expenditure. By 2019, it is expected to be close to $200 billion and account for 70% digital ad spending. Social media giant Facebook (NASDAQ: FB) is seeing impressive growth
Disappointing results for the tech sector continued with the announcement of Twitter’s (NYSE: TWTR) quarterly performance. The company continues to struggle to attract a higher user base and is failing to meet market’s revenue expectations.
The second quarter of the year does not appear to be very bright for several tech giants. After a disappointing performance reported by Alphabet and Microsoft last week, Apple (Nasdaq: AAPL) does not seem to be faring any better. During the quarter, Apple announced its first ever revenue drop since 2003.
According to a recent Gartner report, global PC shipments in the first quarter of the year fell 9.6% to 64.8 million units. IDC estimates that number to have fallen 11.5% to 60.6 million units. This is the lowest that the PC shipments have ever been at over the last decade. Recently reported results for Microsoft
After delivering stellar results a quarter ago, Alphabet (Nasdaq: GOOG), formerly known as Google, reported dismal results last week. The market was so disappointed with its performance, that its stock reported the biggest decline in the past three years. But given the company’s continued improvements, this is probably just a tiny blip.
According to IBISWorld, the US market research industry experienced a slow but steady annual growth of 0.4% over the past five years to reach $20 billion in 2016. It expects growth to accelerate in the next five years, driven by changes in media consumption and the growing use of social media. SurveyMonkey is an IPO-ready
After multiple failed efforts to resurrect Yahoo (Nasdaq: YHOO), it appears that the company has finally hit absolute bottom. Markets reports continue to be dismal. An eMarketer report estimates that Yahoo will account for 1.5% of the global market for online ads compared with 2.4% share in 2015. As the company continues to flounder through