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    Vitaliy_Kiselev
    Xiaomi and Huawei are becoming smart bands monopolies
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      The only profitable areas that remains are premium smart watches. As smart bands manufacturers this year had been wiped out by this pair, expecially with release of Smart Band 4.

      Issue is that Xiaomi and Huawei are going for it also now. Latest premium Xiaomi smart watches are selling around 4x compared to Apple in Asia.

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    Vitaliy_Kiselev
    Adobe is extra fat, huge management bonuses expected
    • Adobe today reported financial results for its fourth quarter and fiscal year 2019 ended Nov. 29, 2019.

      In its fourth quarter of fiscal year 2019, Adobe achieved record quarterly revenue of $2.99 billion, which represents 21 percent year-over-year growth. In fiscal year 2019, Adobe achieved record annual revenue of $11.17 billion, which represents 24 percent year-over-year growth.

      "Adobe's phenomenal performance in Q4 capped a record fiscal 2019 with revenue exceeding $11 billion," said Shantanu Narayen, president and CEO, Adobe. "Adobe's vision, category leadership, continuous product innovation and large and loyal customer base position us well for 2020 and beyond."

      "Adobe delivered another year of strong revenue growth and expanding profitability resulting in record earnings," said John Murphy, executive vice president and CFO, Adobe. "We are bullish about our opportunities and our ability to continue to deliver strong top- and bottom-line growth."

      Fourth Quarter Fiscal Year 2019 Financial Highlights

      • Adobe achieved record quarterly revenue of $2.99 billion in its fourth quarter of fiscal year 2019, which represents 21 percent year-over-year growth. Diluted earnings per share was $1.74 on a GAAP-basis, and $2.29 on a non-GAAP basis.
      • Digital Media segment revenue was $2.08 billion, which represents 22 percent year-over-year growth. Creative revenue grew to $1.74 billion and Document Cloud revenue was $339 million. Digital Media Annualized Recurring Revenue ("ARR") grew to $8.40 billion exiting the quarter, a quarter-over-quarter increase of $539 million. Creative ARR grew to $7.31 billion, and Document Cloud ARR grew to $1.09 billion.
      • Digital Experience segment revenue was $859 million, representing 24 percent year-over-year growth.
      • GAAP operating income in the fourth quarter was $970 million, and non-GAAP operating income was $1.27 billion. GAAP net income was $852 million, and non-GAAP net income was $1.12 billion.
      • Cash flow from operations was a record $1.38 billion.
      • Remaining Performance Obligation was $9.82 billion, a quarter-over-quarter increase of $1.05 billion.
      • Adobe repurchased approximately 2.8 million shares during the quarter.

      Fiscal Year 2019 Financial Highlights

      • Adobe achieved record annual revenue of $11.17 billion in fiscal year 2019, representing 24 percent year-over-year growth.
      • The company reported annual GAAP diluted earnings per share of $6.00 and non-GAAP diluted earnings per share of $7.87.
      • Digital Media segment revenue was $7.71 billion, with Creative and Document Cloud achieving record annual revenue of
      • $6.48 billion and $1.22 billion, respectively. Digital Media ARR grew by $1.69 billion during the year.
      • Digital Experience segment revenue was $3.21 billion, representing 31 percent year-over-year growth, and subscription bookings grew by more than 20 percent during the year.
      • Operating income grew 15 percent and net income grew 14 percent year-over-year on a GAAP-basis; operating income grew
      • 23 percent and net income grew 15 percent year-over-year on a non-GAAP basis.
      • Adobe generated a record $4.42 billion in operating cash flow during the year.
      • The company repurchased 9.9 million shares during the year, returning $2.7 billion of cash to stockholders.

      A reconciliation between GAAP and non-GAAP results is provided at the end of this press release and on Adobe's website.

      Adobe Provides Fiscal Year and First Quarter 2020 Financial Targets

      • Adobe fiscal year 2020 revenue - ~$13.15 billion
      • Digital Media segment revenue - ~19 percent year-over-year growth
      • Digital Media annualized recurring revenue (ARR) - ~$1.55 billion of net new ARR
      • Digital Experience segment revenue - ~16 percent year-over-year growth
      • Digital Experience subscription revenue* - ~18 percent year-over-year growth
      • Digital Experience subscription bookings - more than 20 percent year-over-year growth

      It is all very bad news for industry.

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    Vitaliy_Kiselev
    Chinese smartphone market - big support for Huawei
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      Despite that in mid and low end Huawei and Honor smartphones are usually worse than Xiaomi, they got huge media support this year.

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    Vitaliy_Kiselev
    Intel RealSense L515 cheap lidar - solutions will soon come for next-gen focusing
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      Specs

      • 1024 × 768 30fps depth map
      • 1920x1080 usual camera
      • no need to calibrate
      • 3.5w consumption
      • 25cm - 9 meters, 1mm precision
      • Has accelerometer and gyroscope
      • 61 x 26mm
      • 100g

      image

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