Friday, August 16, 2013

Nexus buyers and iPad users

Interesting chart in SAI today, and accompanying text mentions Tim Cook saying "I don't know what [Android tablets] are being used for because that’s a pretty, the basic function is web browser " in reaction to the fact that  latest data shows the iPad has 84% of web browser usage in North America.  Android reportedly has 63% of the tablet market, but only 16% of the web traffic.

Good tidings to hear on the day Amazon "Delivery tracker" tells me my ipad is "Out for delivery" (yohoo!). So here's my take:

I've observed this buy vs use myself- I bought the Nook, an android ebook reader. Now the product experience was unsatisfactory, and I've read in total 4 books in 3 years, on it. In fact, I bought a flurry of hard copy books just a month after I bought the Nook, mainly in exasperation when I realized that the Nook is going to do me no good.

When people buy an Apple product, there's initially high usage because;
1. There is much positivity around the product leading to the buy, and this positivity spills over to the first few months of ownership.
2. Comsumer has paid much more for the product than for an equivalent Android device, so the consumer tells himself to get good value for money by using the device.

On a longer term, usage might be high because the product itself might be designed well, so as to encourage usage.

This also means that Apple on its Safari gets much more data to play with than Google on its Chrome. And data is king innit. 

Thursday, August 15, 2013

No one's getting Drilly on Dilli

http://www.business-standard.com/article/international/warburg-pincus-to-fund-600-mn-to-rahul-dhir-s-delonex-energy-113061700619_1.html

Rahul Dhir, CEO of Cairn Energy and a man with stellar pedigree, had to run away to Africa to start his own O&G company- the state of the nation, when it comes to OG drilling, is so bad!

-If Rahul Dhir cannot attract funds or does not see the opportunity in India O&G, who will?

-The US O&G industry is thriving because of all the small independents (mkt cap <$2 Bn; example: PETD) who push the frontiers in terms of both geography and technology. Does India have any small independents- no sir no.  

-One important factor is land laws- In USA, the landowner owns the sub-surface resources, while in India the government owns the subsurface resources. Therefore, subsurface resources are a free market in the US, while in India its effectively a state controlled market. And we all know which of these two markets gets the job done.