Emerging Growth LLC News Commentary, MYSZ, BBRY, AAPL
NEWPORT BEACH, California, April 19, 2017 /PRNewswire/ —
Venture capitalist Marc Andreessen said that ‘software is eating the world’ in a famous essay published in the Wall Street Journal back in 2011. Andreessen was referring to the way that software is reshaping a growing number of industries – from airlines to manufacturing – and how it’s becoming a necessity to embrace software to remain competitive. The good news is that these trends have created many opportunities for investors keeping a close eye on MySize Inc. (NASDAQ: MYSZ), BlackBerry Ltd. (NASDAQ: BBRY), Apple Inc. (NASDAQ: AAPL), Alphabet Inc. (NASDAQ: GOOGL) and Qualcomm Inc. (NASDAQ: QCOM)
Online Retail’s Returns Issue
It’s hard to purchase clothing online because you can’t try it on beforehand. But, that hasn’t stopped online shoppers from purchasing billions of dollars worth of clothing and shoes online each year. Many shoppers purchase multiple items with plans to return the items that don’t fit. These shoppers are expected to return about a third of these goods, according to Customer Growth Properties, which is twice the return rate of goods bought in stores.
The Retail Equation reckons that merchandise returns cost retailers over a quarter of a trillion dollar in lost sales each year. While returned electronics may have a high resale value, clothing is often worth just pennies on the dollar after it has been returned. Many retailers opt to throw away 30% to 40% of goods that don’t make sense to send back through the reverse supply chain, which creates billions of tons of waste per year.
MySize Inc. (NASDAQ: MYSZ), a leading developer of proprietary smartphone measurement applications, has developed MySizeID to solve the problem. Consumers simply open the app and move the phone from one hip to the other. This data is combined with anthropometric research, retailer size charts, and other statistical algorithms to accurately measure their body and present clothing options that fit the first time.
The company is focused on selling the app to online retailers who can build it into their e-commerce website. Retailers benefit from fewer returns and happier customers, while MySize generates revenue as a percentage of sales or on a per app use basis. Currently, the company is in the process of testing the app with Trucco, a major online European retailer, but if it’s successful, it could be rolled out in the near-term to millions of other online retailers worldwide.
Cash for a Pivot into Software
BlackBerry Ltd. (NASDAQ: BBRY) may be well-known for being the first smartphone developer before Apple Inc. (NASDAQ: AAPL) and Alphabet Inc. (NASDAQ: GOOGL) stole its thunder.
Last week, the company won an $815 million binding decision in arbitration with Qualcomm Inc. (NASDAQ: QCOM) that it’s likely to use to seek acquisitions and bolster its business. Analysts say that the sum is a ‘material win’ for the mobile device maker that’s working to transform itself into a software company. The move could pave the way toward higher margin revenue and success while leveraging its existing corporate connections.
The company’s biggest foray into software has been QNX Software Systems, a software platform that it acquired back in April 2010. Today, the platform can be found in over 200 vehicle models and over 60 million cars and aims to become the leading end-to-end software platform provider for connected (or autonomous) cars. The same platform is used in a variety of other industries as well, including industrial automation and medical devices.
Software is truly ‘eating the world’ and investors looking for above-market returns may want to look for software developers targeting the largest industries ripe for innovation. MySize Inc. (NASDAQ: MYSZ) could reshape the way that online retail works, while companies like BlackBerry Ltd. (NASDAQ: BBRY) are pivoting into enterprise software solutions that could power the next generation of autonomous vehicles.
Legal Disclaimer/Disclosure from Emerging Growth LLC: Except for the historical information presented herein, matters discussed in this release contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Emerging Growth LLC, which owns SECFilings.com, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Emerging Growth LLC may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice. Emerging Growth LLC may be compensated for its services in the form of cash-based compensation or equity securities in the companies it writes about, or a combination of the two. For full disclosure please visit: https://secfilings.com/Disclaimer.aspx
DISCLAIMER: Emerging Growth LLC is Source of all content listed above. FN Media Group, LLC (FNM), is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with Emerging Growth LLC or any company mentioned herein. The commentary, views and opinions expressed in this release by OilPrice.com are solely those of Emerging Growth LLC and are not shared by and do not reflect in any manner the views or opinions of FNM. FNM is not liable for any investment decisions by its readers or subscribers. FNM and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM was not compensated by any public company mentioned herein to disseminate this press release.
FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.
Media Contact e-mail:
FN Media Group, LLC
SOURCE Emerging Growth LLC