Google Aiming for $100 Billion of Revenue
At Google's analyst day two years ago, CEO Eric Schmidt made a clever remark about Google laying the foundation to become "a hundred-billion dollar company." He wouldn't clarify whether he was referring to a "$100 billion market cap," which Google had already attained, or "$100 billion of revenue."
In a recent New Yorker article, Schmidt clarified the company's ambitions: He means $100 billion in revenue. And what engine will drive Google there? Mobile phones...
Read more on this from this interesting article @ Silicon Alley Insider
Wednesday, January 9, 2008
Thursday, December 13, 2007
Wednesday, December 12, 2007
Babies Toys & Education - Multi-billion Dollar Niche
The niche market of newborns to three-year-olds is booming, with toys and educational materials developed for this sector now a $20 billion global industry.
We now spend an average of $1000 a year on toys and nursery products for the up-to-three-year-olds, according to market research company GFK Oztoys. The Australian market topped $1 billion this year - a 10 per cent growth in the past 10 months alone...
Interesting post, more from here
We now spend an average of $1000 a year on toys and nursery products for the up-to-three-year-olds, according to market research company GFK Oztoys. The Australian market topped $1 billion this year - a 10 per cent growth in the past 10 months alone...
Interesting post, more from here
Zimbabwe's Inflation Results in Trillion Dollar House, Billion $ Bed
Zimbabwe's trillion dollar house, billion dollar bed
11 Dec 2007
A trillion dollar house, billion dollar bed and a million dollar beer. That and a severe cash squeeze are the latest sign of runaway inflation that has vexed consumers in President Robert Mugabe's Zimbabwe. A four-bedroom house with a pool and tennis court in Harare's leafy Glen Lorne suburb sells for about ZW$1 trillion, a whopping $33 million at the official bank rate but only $667,000 on a widely used black market.
Prices of household furniture, groceries and food and rentals have more than doubled in the past month...
Interesting article @ Reuters
11 Dec 2007
A trillion dollar house, billion dollar bed and a million dollar beer. That and a severe cash squeeze are the latest sign of runaway inflation that has vexed consumers in President Robert Mugabe's Zimbabwe. A four-bedroom house with a pool and tennis court in Harare's leafy Glen Lorne suburb sells for about ZW$1 trillion, a whopping $33 million at the official bank rate but only $667,000 on a widely used black market.
Prices of household furniture, groceries and food and rentals have more than doubled in the past month...
Interesting article @ Reuters
Friday, November 9, 2007
New York Art World Makes a Billion-Dollar Bet
The Art World Makes a Billion-Dollar Bet
Consumer confidence is at a two-year low, oil prices at an all-time high, a million or more sub-prime mortgagees are facing eviction from their homes...But in the art world, the party's just getting started -- and this could be the year the market breaks the $1 billion mark.
The fall art season is in full swing, with the major sales of contemporary art at the principal New York auction houses, Sotheby's and Christie's, scheduled for November 2007. Contemporary art has been leading the market for five years now...
At the 2006 New York sales, contemporary art raked in over $871 million altogether - an abstraction by painter Mark Rothko brought $72.84 million, and Andy Warhol's "Green Car Crash (Green Burning Car I)" (1963), sold for $71.72 million...
Full report here @ NJ
Consumer confidence is at a two-year low, oil prices at an all-time high, a million or more sub-prime mortgagees are facing eviction from their homes...But in the art world, the party's just getting started -- and this could be the year the market breaks the $1 billion mark.
The fall art season is in full swing, with the major sales of contemporary art at the principal New York auction houses, Sotheby's and Christie's, scheduled for November 2007. Contemporary art has been leading the market for five years now...
At the 2006 New York sales, contemporary art raked in over $871 million altogether - an abstraction by painter Mark Rothko brought $72.84 million, and Andy Warhol's "Green Car Crash (Green Burning Car I)" (1963), sold for $71.72 million...
Full report here @ NJ
New York $2.5 Billion Plan to Revitalize Coney Island
New York $2.5 Billion Plan to Revitalize Coney Island
New York City Mayor Michael Bloomberg on Thursday unveiled a 2.5-billion-dollar plan to revitalize Coney Island and turn it into the largest urban amusement park in the United States.
The plan calls for rezoning the northern end of Coney Island for hotels, residential and retail space, and transforming the streetscape on the west.
Full report from here
New York City Mayor Michael Bloomberg on Thursday unveiled a 2.5-billion-dollar plan to revitalize Coney Island and turn it into the largest urban amusement park in the United States.
The plan calls for rezoning the northern end of Coney Island for hotels, residential and retail space, and transforming the streetscape on the west.
Full report from here
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