QIHU always, and I mean always drops and rises 5% in a few and often more than one time...
I thought QIHU only enjoyed a 30% quarter sequential in mobile app distrubution.
but apparently the growth is 82%?
from what I recall in the numbers last quarter they killed it in every metric, 80-100% growth in most of them!! That includes total quarterly growth and revenues!!
According to our proprietary data, the total cumulative downloads of QIHU’s app store is likely to be at 7.65B by the end of 3Q13, an increase of 82% from 4.21B by the end of 2Q13.
this is much better than what I expected.
by end of Q3, BIDU(91 included) has daily download of 80 million. So for BIDU, their Q3 quarter number is 7.2 billion. Compared with Q2, BIDU's mobile download growth is only 25%.
QIHU is winning against BIDU!!!
My only doubt is: another 3rd party's data showed QIHU's mobile gaming share remains at 28%.
don't know which source to trust...
changing your tune? Still, that report read as expected and that their growth will slow based on large numbers. They can't keep growing at 100% clips...tomorrow I will enter the option contracts...