Sharing some comments from a weekly fintech newsletter I receive which references the continued increase of the mobile platform as a means for e-commerce:
The holiday shopping frenzy has kicked off and mobile is making its mark. During last week’s “Cyber Five” (Thanksgiving to Black Friday) mobile commerce (Smartphone + Tablet) continued its astonishing growth with several reports showing mobile representing >60% of total eCommerce sales during the period.
Larger screen sizes, improved connectivity, and an improved mobile shopping experience led to smartphones (dominated by the iPhone) to account for 49% of sales. This compares to mobile accounting for 44% of sales in 2014 and 38% of sales in 2013.
As a long term play Crowd is fantastically positioned to leverage its current connected carriers and countries to increase the channels through which it monetises this platform, not to mention new carriers/markets. Current revenues and earnings are nearly exclusively related to info/enter-tainment, with Crowd Butler the first foray into the e-comm side of things. For a long-term 10x (plus) style investment Crowd pretty much ticks all the boxes (management, financials, growth markets, technology platform). Just waiting for the near-term 5x return to catch up to peer valuations first. Won't be long.
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- Ann: Crowd Mobile trading update
Ann: Crowd Mobile trading update, page-147
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