According to the IDC Worldwide Quarterly Media Tablet and e-Reader Tracker, media tablet shipments worldwide grew 90% sequentially and 300% over the year in the second quarter to 13.6 million units. IDC forecasts 62.5 million units to be shipped worldwide in the remaining half of the year compared with 53.5 million units projected earlier. The biggest market share is commanded by Apple’s iPad, which contributed 68.3% of the market share. Android-based media tablets contributed 26.8% of worldwide tablet shipments. Despite the launch of BlackBerry Playbook, Research in Motion (NASDAQ:RIMM) failed to break into this growing market. Most concerning, their smartphone business is showing signs of floundering.
Akamai (NASDAQ:AKAM), the content delivery network (CDN) market leader with annual revenue of $1.02 billion, recently reported results that exceeded its guidance but its growth rate failed to meet its expectations. However, Akamai maintains that the long-term outlook for the company is as promising as ever. Let’s take a closer look.
According to government statistics, no jobs were added last month in the U.S. Unemployment rates in the country remained flat at 9.1% and last month was labeled to be the weakest employment report for the economy since September 2010. Unemployment has been more than 9% in all but two months since May 2009. Economists estimate the July–September quarter growth in the country to be close to 2%, a number not high enough to generate more jobs.
Market reports estimate worldwide spending on traditional data centers to be worth $1.24 trillion annually. According to Fusion-io, nearly $260 billion of that spend is value wasted waiting for data owing to data center inefficiencies. Fusion-io, the recently listed storage memory platform provider, is targeting these annual data center inefficiencies.
According to researchers, the U.S. electronic health records (EHR) is expected to grow to $31.9 billion in 2015 from $15.8 billion in 2010. The market grew 10.5% in 2009 and 13.6% in 2010 and is expected to grow even faster in the coming years – 18.3% in 2011 and 20.1% in 2012 according to researchers. Growth is expected to slow down in subsequent years to 15.9% in 2013, 11.2% in 2014 and 10.5% in 2015. In this post, we cover Epocrates’s entry into the EHR market, as well as take stock of WebMD’s recent performance.
The bearish market trend isn’t deterring internet players from filing for an IPO. Local business review site, Angie’s List was among the latest to file in their S-1 for a listing. The company plans to raise $75 million through the stock exchange listing, most of which is expected to be used for advertising and general corporate expenses.
Concur (NASDAQ:CNQR), a leading SaaS expense management vendor, after its TripIt acquisition earlier in the year, continued expanding with its recent acquisition of GlobalExpense for about £14 million (US$22.2 million). NetSuite (NYSE:N), a SaaS ERP vendor, on the other hand, expanded its services to the enterprise class and landed leading companies like Groupon and Qualcomm as customers. Let’s take a closer look.
Online review site Yelp is slowly moving ahead with their IPO plans. They had been scouting for a CFO with an IPO experience earlier this summer and filled the position by hiring Rob Krolik, former CFO of Shopping.com. Given the present bearish market conditions, Yelp is now looking for an IPO launch by next year.
According to Bloomberg data, last year, Chinese companies raised $107 billion in IPOs, amounting to 38% of the global total. Chinese Internet companies are leading the brigade in listing at the U.S. stock exchanges. DangDang, the Chinese e-retailer, listed on the NYSE in December 2010.
If recent market data on the daily deals site were to be analyzed, it would appear that the overall market share of leading deal providers is rather fickle. The market share for these sites is dependent largely on the quality of offers they come up with. According to research firm, Yipit, LivingSocial has been quietly gaining ground over the past few months. In May of this year, LivingSocial saw their market share reach 24% compared with 20% a month ago. During the same period, Groupon’s market share fell from 52% in April to 48% in May. In July, though, the trend reversed: Groupon’s market share expanded to 49% while LivingSocial’s fell to 21%. With players like Facebook and Google entering a market estimated to be worth $2.7 billion this year, competition will be all the more interesting and dynamic. No wonder both Groupon and LivingSocial are in a big rush to get their IPOs through.