| dallas said:
Assumptions: I assume that the stock market is at least somewhat rational, and that stock prices reflect future expectations of cash flow. |
A dangerous assumption that so many people keep making, despite a long history of cautionary tales.
Google is a little overvalued right now. Not Netflix or Amazon overvalued, just a little. Of course, this fact has little to zero bearing on Google or Microsoft's fortunes in mobile, as both companies have an abundance of funding available for whatever ambitions they might harbour. The only way this threatens Microsoft's mobile ambitions is if the company starts making myopic decisions trying to move the stock price instead of sound decisions to build their business.
It's still anybody's guess which company actually makes more money in mobile. Though Microsoft's patent well will eventually run dry, mobile advertising has proven to not be quite as lucrative as hoped. It's not clear whether that's a limitation of the medium (people may not be very receptive to ads when all they're trying to do is find the address for that restaurant) or just inertia in ad spending (proportion of user time spent in mobile is ten times the proportion of ad spend in mobile. That compares to print, where proportion of spend is twice as high as usage).
"The worst part about these reviews is they are [subjective]--and their scores often depend on how drunk you got the media at a Street Fighter event." — Mona Hamilton, Capcom Senior VP of Marketing
*Image indefinitely borrowed from BrainBoxLtd without his consent.
