Tom Forte joined D.A. Davidson in July 2017 to cover Consumer Technology companies. Tom has more than 15 years of experience in equity research, including both buy-side and sell side. Prior to joining D.A. Davidson, Tom was at Maxim Group, Brean Capital, Telsey Advisory Group, and Geneva Investment Management. He has published 14 white papers on the convergence of technology and retail.
I think the fourth quarter is going to be incredibly challenging for Amazon, as the year has been, when you think about maximizing revenue and e-commerce to the extent that they’re having challenges at their fulfillment centers as far as getting in products and out products as quickly as possible.
Apple seems historically more willing to open some of its services outside its ecosystem [de hardware] as a way to drive adoption, and also as a way to compete more effectively against other large-scale technology players like Facebook and Google.
Because of the strong demand for advertising, you’re seeing an ability for companies to raise prices.