Margins: Apple, Samsung, and Consumer Electronics

Some recent media has come out stating we need to acknowledge Apple knows what it’s doing as a company and with their strategy. I don’t know any analysts worth their reputation, either on the financial or industry side, who ever doubted Apple knew what it was doing. Part of the quibble with Apple from said media is the belief Apple was leaving money on the table by not changing their established and successful business model of focusing on the high end, more profitable segment of the market. Many called for Apple to make a lower cost iPhone in order to capture more “hardware” sales. But what many of us knew is just selling a lower cost phone doesn’t necessarily mean more money. And, in fact, it could have consequences on the higher margin products. Luckily, Benedict Evans shared a post recently that broke down exactly what I and many others have been saying around the implications of a lower cost iPhone.

What Benedict wrote is something he and I have spoken about on past episodes of our podcast. The thesis was always that a lower cost iPhone would certainly help raise sales of iPhones but would not raise revenues. Selling a lower cost and lower margin product means you need to sell substantially more product to equal similar revenues to selling less of a higher margin good. But as Benedict points out, this does not necessarily mean Apple should not release a lower cost phone — only that it would not necessarily be for the hardware revenue but for the potential value to the ecosystem, in terms of revenue capture beyond hardware, like apps, subscription services, etc. Benedict rightly points out Apple has more options than ever and I would add few companies are in full control of their destiny than Apple.

Back to Apple knowing what it’s doing. This relates entirely to a margins discussion. Several days ago Jan Dawson posted on his blog some thoughts on Samsung. I asked Jan to add Apple and Samsung to a particular chart on margins and it is below.

Screenshot 2014-08-07 09.46.57

If any chart shows Apple knows exactly what it is doing, it should be the chart above. Apple remains the anomaly of all consumer electronics companies when it comes to operating margins. Apple has not and does not have to chase the lower margin commodity products thanks to their vertically integrated advantage. Granted, no one is arguing Apple chase the uber-low end. That’s unwise for any branded OEM. But rather, there is a healthy and growing middle of the market. What we are discovering in many markets like China and even pockets of India and Brazil, are more mature customers who started off buying lower cost entry level smartphones are moving upstream and being willing to spend more on their next smartphone. I believe this trend will continue as a large percentage of smartphone users move off basic devices and become willing to spend more on devices in mid-range price tiers.

Whatever strategy Apple decides, given their approach, they have a limit on their total potential customer base. We simply have no idea what the size of that number is. Employing this strategy means Apple will need to foster opportunities for their customer base to spend more in their ecosystem thus incrusting their average revenue per customer beyond the hardware. The point remains — Apple is in control of their destiny.

Samsung, on the other hand, is a giant question mark. What does Samsung do? They have built a business that requires scale. Their strategy has been to fast follow companies and products which have scale then leverage their vertical components businesses to sell products to each other as they scale. Each group benefits, revenues rise, and they are able to slightly buck the low margin fate that faces so many companies. Samsung has always been Samsung’s best customer in components. But the main point is their business requires scale. So what does Samsung do to maintain scale? They are losing in premium to Apple, and they are losing in the lower and mid-tiers regional players in the regionalization of the smartphone market.

What is even more interesting about Samsung’s struggles is they are actually price competitive with some products in many of these markets with the same vendors they are losing out to. So the question is why? Why not Samsung in these markets where they are price competitive? I do believe it has something to do with the fact they are a foreign brand in markets increasingly favoring brands from their home country. Therefore, to assume Samsung should just compete on the low end to get scale back does not necessarily solve the problem. Nor does doing so help their margins, or the inter-departmental sales approach their components business sell within the country. Samsung, like Jan’s chart shows, is stuck in the middle. Their margin line is unlikely to go up toward Apple’s and unfortunately if it is to go down toward the others, it’s a huge, company wide issue for a vertical component company who requires scale.

What I keep landing on is increasingly hardware, for all vendors including Apple and Samsung, is going to have to play a role as a mechanism to other revenue. Xiaomi is a great example of this, using hardware as an entry point to increased revenue of proprietary services. Amazon also, to a degree, employs this model. However, it is foolish for many to believe Apple can’t do this and that their future depends only on hardware sales. The challenge for others, like Samsung, will be to differentiate on more than hardware. The role of the OEM is changing, and will continue to change.

Published by

Ben Bajarin

Ben Bajarin is a Principal Analyst and the head of primary research at Creative Strategies, Inc - An industry analysis, market intelligence and research firm located in Silicon Valley. His primary focus is consumer technology and market trend research and he is responsible for studying over 30 countries. Full Bio

1,489 thoughts on “Margins: Apple, Samsung, and Consumer Electronics”

  1. Ten years ago, all I wished was that Apple would survive well enough to keep developing OSX. Back then, there was talk it couldn’t afford to do so, at a billion bucks per version. Today Apple needs to build a reason, other than simple quanty growth, to keep its base, which will soon number a billion credit card carrying adults globally. And to keep its reputation as a workplace where the best can do their best. These best are the disruptors, the next batters up. If Apple loses them, it loses the game.

    Apple sees these needs limits clearly. How do we know? It’s hiring folks who can fashion its brand to thrive within lowered growth. Think Mercedes. Even Cadillac.

    1. There seems to be this notion held by analysts that Apple’s high end approach will just not sell well in the third world. That iPhones are just too expensive and so they should either sell a low price line or abandon their efforts. Well, people in the third world are just as vain and status conscious as people everywhere else. And maybe they can’t afford to indulge in ‘overpriced’, indulge-myself-and-feel-great products like a Mercedes Benz. But an iPhone is a much easier reach.

      For people in the third world buying an iPhone is not the same as you and me buying an iPhone, it’s more like you and me buying a Merceds Benz. That’s why Apple is quite wary about any moves in the third world that might tarnish its aspirational brand image.

  2. “Apple has not and does not have to chase the lower margin commodity products thanks to their vertically integrated advantage.”

    This is a key insight that should be obvious but I see a lot of analysis that a) argues Apple’s vertical integration is a disadvantage, or b) the advantage doesn’t really exist.

  3. “I don’t know any analysts worth their reputation, either on the financial or industry side, who ever doubted Apple knew what it was doing.”

    Really? A whole bunch of analysts were big on Apple ten years ago? Really?

  4. When people talk about Apple releasing a low cost IPhone (250-350), it already exists. A used IPhone 4 or 3GS would likely sell at those prices. But, the problem is the older devices were not made at the same scale. In a country like India used IPhones are in short supply which drives up prices and helps maintain the premium image of the device.

    Apple has a low cost device strategy and it involves selling used devices in emerging markets. With the scale of the IPhone 5 and 5S, there could be a big business for Apple in used devices and no real need to flood the market with another low cost option.

  5. Ben,
    So many times we look at these companies and question or endorse the idea of owning the stack, either hardware and software, or even just software. The idea of being an Android OEM means you are dependent Google. I used to think that Samsung, HTC, LG, Moto etc… were slaves to Google.

    But then Xiaomi came along…

    Like Amazon understands, Xiaomi does too.

    You need to own the customer experience ( like Apple retail stores ) not the software or hardware stack.

    Samsung, LG etc…. Still suck at software….

  6. The peculiar thing about computing devices is that the primary differentiating feature is the OS. (Though I would admit this seems to be expanding to “OS and Ecosystem”.) It is far and away the most critical feature that distinguishes one device from another. What this means is that if you want to sell a high end, high margin computing device by differentiating on a feature other than the OS, you will not be very successful. It just isn’t that important to most customers. Fancy materials and snazzy bells and whistles are nice, but if it’s going to cost me significantly more, then I’ll just go with the cheaper model that runs the same OS. That’s why there is no significant high end market for Windows PCs (anybody remember Northgate computers?) and as is becoming readily apparent, for Android phones as well.

    Bottomline: the introduction of a lower priced model that runs the same OS as the high end model will eat into the high end, high margin market. If you price it low enough, it will kill the high end market. Apple knows this. And they, better than any analyst out there, know the cross price elasticities for iPhones and for Macs. Any analyst who says Apple should sell a lower priced line of iPhones does not have enough information to make a better call on that than Apple.

    Now, even if proprietary services (ie. ecosystem) is fast becoming a critical and profitable differentiating feature, mfrs that are able to differentiate through the OS (and thus sustain a viable high end market) are still at an advantage because presumably the customers who are willing to spend more for hardware will also be willing to spend more on the ecosystem.

    It’s just really very hard to make money if you’re smack in the middle of a race to the bottom.

  7. Кроме того, интерфейс CandyMail.org очень простой и интуитивно понятный, что делает его очень удобным в использовании. Также у сервиса нет рекламы или других отвлекающих элементов, что делает его еще более привлекательным для пользователей.

  8. Автор старается представить материал нейтрально, что способствует обоснованному рассмотрению темы.

  9. I can’t thank the author enough for this article. It’s a fantastic resource that covers all the essential aspects of the topic. The content is well-organized, and the explanations are easy to follow. Highly recommended!

  10. Я прочитал эту статью с огромным интересом! Автор умело объединил факты, статистику и персональные истории, что делает ее настоящей находкой. Я получил много новых знаний и вдохновения. Браво!

  11. Я оцениваю использование автором качественных и достоверных источников для подтверждения своих утверждений.

  12. Очень хорошо исследованная статья! Она содержит много подробностей и является надежным источником информации. Я оцениваю автора за его тщательную работу и приветствую его старания в предоставлении читателям качественного контента.

  13. Статья содержит подробное описание событий и контекста, при этом не выражая пристрастие к какой-либо стороне.

  14. Это способствует более глубокому пониманию обсуждаемой темы и позволяет читателям самостоятельно сформировать свое мнение.

  15. Я очень доволен, что прочитал эту статью. Она оказалась настоящим открытием для меня. Информация была представлена в увлекательной и понятной форме, и я получил много новых знаний. Спасибо автору за такое удивительное чтение!

  16. Hey, I think your blog might be having browser compatibility issues. When I look at your blog in Opera, it looks fine but when opening in Internet Explorer, it has some overlapping. I just wanted to give you a quick heads up! Other then that, terrific blog!

  17. It is appropriate time to make some plans for the future and it’s time to be happy. I have read this post and if I could I wish to suggest you some interesting things or suggestions. Maybe you could write next articles referring to this article. I desire to read even more things about it!

  18. Hi there every one, here every person is sharing these kinds of know-how, so it’s good to read this website, and I used to go to see this webpage everyday.

  19. В лице нас вы получите контроль качества поставляемых полуприцепов на каждом этапе их производства.челябинский прицеп Мы работает со многими поставщиками (производителями), что позволяет найти решения даже сложных задач.

  20. Wow that was unusual. I just wrote an incredibly long comment but after I clicked submit my comment didn’t show up. Grrrr… well I’m not writing all that over again. Anyhow, just wanted to say excellent blog!

  21. A standout notable aspects is the website’s robust security measures. Domestic notices have frequently been plagued by unscrupulous activities, but this preeminent website has promptly responded with advanced confirmation protocols. Individuals can participate with confidence, knowing that their interactions are guarded from potential scams and intentional intent.

  22. Hello, i read your blog occasionally and i own a similar one and i was just curious if you get a lot of spam remarks? If so how do you protect against it, any plugin or anything you can recommend? I get so much lately it’s driving me crazy so any support is very much appreciated.

  23. When I originally commented I clicked the -Notify me when new comments are added- checkbox as well as now each time a remark is included I obtain four emails with the same comment. Is there any way you can remove me from that solution? Thanks!

  24. Pretty section of content. I just stumbled upon your web site and in accession capital to assert that I get in fact enjoyed account your blog posts. Any way I will be subscribing to your feeds and even I achievement you access consistently rapidly.

  25. When I initially commented I clicked the “Notify me when new comments are added” checkbox and now each time a comment is added I get four e-mailswith the same comment. Is there any way you can remove people from that service?Thanks a lot!

  26. Appreciating the commitment you put into your site and detailed information you offer. It’s nice to come across a blog every once in a while that isn’t the same unwanted rehashed material. Wonderful read! I’ve bookmarked your site and I’m including your RSS feeds to my Google account.

  27. Attractive section of content. I just stumbled upon your web site and in accession capital to assert that I acquire actually enjoyed account your blog posts. Any way I’ll be subscribing to your feeds and even I achievement you access consistently fast.

  28. I think this is one of the so much vital information for me. And i am happy reading your article. But should remark on few basic issues, The site taste is ideal, the articles is actually excellent : D. Excellent task, cheers

  29. Hello there! I know this is kinda off topic but I was wondering which blog platform are you using for this site? I’m getting sick and tired of WordPress because I’ve had issues with hackers and I’m looking at alternatives for another platform. I would be great if you could point me in the direction of a good platform.

  30. Hi! This post could not be written any better! Reading through this post reminds me of my good old room mate! He always kept chatting about this. I will forward this write-up to him. Fairly certain he will have a good read. Thanks for sharing!

  31. What i don’t realize is actually how you’re now not actually much more smartly-favored than you might be right now. You are very intelligent. You already know therefore considerably in terms of this topic, made me in my opinion consider it from a lot of numerous angles. Its like women and men don’t seem to be fascinated except it?¦s one thing to do with Woman gaga! Your personal stuffs great. Always care for it up!

  32. I do like the way you have framed this specific difficulty and it does indeed supply us a lot of fodder for thought. Nevertheless, from what I have personally seen, I basically trust when other opinions stack on that individuals remain on point and not get started upon a soap box involving some other news of the day. Still, thank you for this fantastic point and although I can not really concur with this in totality, I regard the viewpoint.

  33. Great V I should certainly pronounce, impressed with your web site. I had no trouble navigating through all tabs as well as related info ended up being truly simple to do to access. I recently found what I hoped for before you know it in the least. Quite unusual. Is likely to appreciate it for those who add forums or something, web site theme . a tones way for your client to communicate. Nice task..

  34. The next time I read a blog, I hope that it doesnt disappoint me as much as this one. I mean, I know it was my choice to read, but I actually thought youd have something interesting to say. All I hear is a bunch of whining about something that you could fix if you werent too busy looking for attention.

  35. Some really good information, Gladiolus I noticed this. “It’s not only the most difficult thing to know one’s self, but the most inconvenient.” by Josh Billings.

  36. Hello there! I know this is kinda off topic however , I’d figured I’d ask. Would you be interested in exchanging links or maybe guest authoring a blog post or vice-versa? My blog addresses a lot of the same topics as yours and I believe we could greatly benefit from each other. If you happen to be interested feel free to shoot me an email. I look forward to hearing from you! Great blog by the way!

  37. Woah! I’m really loving the template/theme of this website. It’s simple, yet effective. A lot of times it’s difficult to get that “perfect balance” between superb usability and appearance. I must say you’ve done a great job with this. In addition, the blog loads super quick for me on Firefox. Superb Blog!

  38. Very well written information. It will be supportive to everyone who utilizes it, including myself. Keep doing what you are doing – for sure i will check out more posts.

  39. This is very fascinating, You’re an overly skilled blogger. I have joined your feed and look forward to in search of more of your magnificent post. Additionally, I have shared your site in my social networks!

  40. An impressive share, I just given this onto a colleague who was doing a little analysis on this. And he in fact bought me breakfast because I found it for him.. smile. So let me reword that: Thnx for the treat! But yeah Thnkx for spending the time to discuss this, I feel strongly about it and love reading more on this topic. If possible, as you become expertise, would you mind updating your blog with more details? It is highly helpful for me. Big thumb up for this blog post!

  41. Attractive element of content. I just stumbled upon your site and in accession capital to claim that I acquire actually loved account your weblog posts. Anyway I will be subscribing on your augment and even I achievement you access persistently quickly.

  42. certainly like your web site however you have to check the spelling on quite a few of your posts. A number of them are rife with spelling issues and I in finding it very bothersome to tell the reality however I¦ll surely come back again.

  43. Thanks for sharing superb informations. Your site is so cool. I’m impressed by the details that you have on this website. It reveals how nicely you understand this subject. Bookmarked this website page, will come back for more articles. You, my friend, ROCK! I found just the info I already searched everywhere and simply could not come across. What a great site.

  44. After the installation is complete, you can open the application and experience as usual. After the installation is complete, you can open the application and experience as usual. After the installation is complete, you can open the application and experience as usual. mykonamislots.jckpt.me 810667bb1c Come to our FREEBIES party! It’s Piggy Bank time. Break it! Please help!!! I’m sick of buying coins to play Konami slots!!!! Are there any high amounts of coins for FREE anywhere??? I’ve clicked on today’s free mykonamislots.jckpt.me c1fa2ae9a4 Grab an EXTRA GIFT Check out this Goodie Box! Open it to see what you won. mykonamislots.jckpt.me f7feaeb8a9 FREE CHIPS for the Grand Debut! The Great Moai is live. Match the Moai and go win!
    https://rankuppages.com/story473554/premier-lucky-lotto
    Bally Slot Machine To address these social issues, a new regulation (Version 5.0) was adopted in 2006 which caps the maximum amount of “stock” a machine can hold to around 2,000–3,000 coins’ worth of bonus games. Moreover, all pachisuro machines must be re-evaluated for regulation compliance every three years. Version 4.0 came out in 2004, so that means all those machines with the up to 10,000 coin payouts will be removed from service by 2007. To address these social issues, a new regulation (Version 5.0) was adopted in 2006 which caps the maximum amount of “stock” a machine can hold to around 2,000–3,000 coins’ worth of bonus games. Moreover, all pachisuro machines must be re-evaluated for regulation compliance every three years. Version 4.0 came out in 2004, so that means all those machines with the up to 10,000 coin payouts will be removed from service by 2007.

  45. Wow that was strange. I just wrote an really long comment but after I clicked submit my comment didn’t appear. Grrrr… well I’m not writing all that over again. Regardless, just wanted to say excellent blog!

  46. Hello there! This post could not be written any better! Reading through this post reminds me of my old room mate! He always kept talking about this. I will forward this page to him. Pretty sure he will have a good read. Thank you for sharing!

  47. fantastic post, very informative. I wonder why the other specialists of this sector don’t notice this. You must continue your writing. I am confident, you have a great readers’ base already!

  48. I would like to thnkx for the efforts you have put in writing this web site. I’m hoping the same high-grade website post from you in the upcoming as well. Actually your creative writing skills has inspired me to get my own blog now. Really the blogging is spreading its wings fast. Your write up is a good example of it.

  49. Pretty great post. I just stumbled upon your weblog and wished to say that I have really enjoyed surfing around your blog posts. In any case I will be subscribing to your feed and I hope you write again soon!

  50. Appreciating the commitment you put into your site and in depth information you provide. It’s nice to come across a blog every once in a while that isn’t the same out of date rehashed information. Wonderful read! I’ve saved your site and I’m adding your RSS feeds to my Google account.

  51. Hey There. I discovered your blog the use of msn.That is an extremely well written article. I’ll make sureto bookmark it and return to learn extra of youruseful info. Thank you for the post. I’ll definitely comeback.

  52. Hey! I know this is kind of off topic but I was wondering if you knew where I could find a captcha plugin for my comment form? I’m using the same blog platform as yours and I’m having difficulty finding one? Thanks a lot!

  53. Hey just wanted to give you a quick heads up. The words in your content seem to be running off the screen in Chrome. I’m not sure if this is a formatting issue or something to do with browser compatibility but I thought I’d post to let you know. The style and design look great though! Hope you get the problem solved soon. Thanks

  54. I’m really enjoying the design and layout of your site. It’s a very easy on the eyes which makes it much more pleasant for me to come here and visit more often. Did you hire out a designer to create your theme? Great work!

  55. Just want to say your article is as amazing. The clarity to your publish is just excellent and i could think you’re an expert in this subject. Fine with your permission allow me to grasp your feed to stay up to date with forthcoming post. Thank you one million and please keep up the rewarding work.

  56. hey there and thank you for your information – I have certainly picked up anything new from right here. I did however expertise a few technical points using this web site, since I experienced to reload the web site many times previous to I could get it to load properly. I had been wondering if your web hosting is OK? Not that I’m complaining, but slow loading instances times will often affect your placement in google and could damage your high quality score if ads and marketing with Adwords. Well I am adding this RSS to my e-mail and can look out for a lot more of your respective intriguing content. Ensure that you update this again soon..

  57. I’m extremely impressed with your writing skills and also with the layout on your blog. Is this a paid theme or did you customize it yourself? Anyway keep up the excellent quality writing, it’s rare to see a nice blog like this one these days..

  58. I am really enjoying the theme/design of your website. Do you ever run into any browser compatibility issues? A small number of my blog audience have complained about my blog not working correctly in Explorer but looks great in Firefox. Do you have any solutions to help fix this problem?

  59. Greetings! Quick question that’s entirely off topic. Do you know how to make your site mobile friendly? My web site looks weird when viewing from my apple iphone. I’m trying to find a theme or plugin that might be able to resolve this problem. If you have any suggestions, please share. With thanks!

  60. I like what you guys are up too. Such smart work and reporting! Carry on the excellent works guys I have incorporated you guys to my blogroll. I think it’ll improve the value of my site 🙂

  61. I’ll right away snatch your rss as I can not in finding your email subscription link or e-newsletter service. Do you have any? Please allow me know in order that I may subscribe. Thanks.

  62. Great ?V I should certainly pronounce, impressed with your web site. I had no trouble navigating through all the tabs and related information ended up being truly easy to do to access. I recently found what I hoped for before you know it in the least. Quite unusual. Is likely to appreciate it for those who add forums or anything, site theme . a tones way for your client to communicate. Excellent task..

  63. Youre so cool! I dont suppose Ive learn anything like this before. So good to find anyone with some authentic thoughts on this subject. realy thank you for starting this up. this web site is something that’s needed on the net, somebody with somewhat originality. helpful job for bringing one thing new to the web!

  64. I’d have to examine with you here. Which is not one thing I usually do! I take pleasure in reading a post that may make folks think. Additionally, thanks for permitting me to comment!

  65. I precisely needed to appreciate you all over again. I am not sure the things I could possibly have taken care of without those thoughts contributed by you on that topic. It absolutely was an absolute intimidating difficulty in my position, however , coming across a well-written style you solved it took me to cry with joy. I’m just happier for your guidance as well as expect you really know what a great job that you’re undertaking educating the mediocre ones all through a site. More than likely you have never got to know all of us.

  66. I have to express my thanks to the writer for rescuing me from such a difficulty. After exploring throughout the the web and seeing opinions which were not powerful, I figured my entire life was gone. Living devoid of the solutions to the difficulties you have fixed by way of the guideline is a crucial case, as well as ones which could have in a wrong way affected my entire career if I hadn’t noticed your blog post. That competence and kindness in taking care of all the stuff was valuable. I am not sure what I would’ve done if I had not encountered such a solution like this. I’m able to at this time look ahead to my future. Thanks so much for the skilled and amazing guide. I won’t be reluctant to propose the blog to any person who would like assistance on this problem.

  67. Muchas gracias {muchas|por compartir esto con todos nosotros; realmente sabes de qué estás hablando. Marcado como favorito. Por favor visite también mi sitio =). ¡Podríamos tener un contrato de intercambio de enlaces entre nosotros!

  68. Great post. I was checking constantly this blog and I’m impressed! Extremely useful info specially the last part I care for such information much. I was looking for this certain information for a very long time. Thank you and best of luck.

  69. Great V I should definitely pronounce, impressed with your web site. I had no trouble navigating through all tabs as well as related information ended up being truly easy to do to access. I recently found what I hoped for before you know it at all. Quite unusual. Is likely to appreciate it for those who add forums or anything, website theme . a tones way for your client to communicate. Nice task..

  70. Останні новини укрнет. Новини черкас сьогодні. Новини черкас сьогодні. Новини з україни. http://00.8ua.ru/ssss.php?sitemap.xml Новини дніпра сьогодні. Новини в світі. Київ новини останні. Новини сьогодні стрий. Украинськи новини. Новини миргорода сьогодні. Новини ладижина. Україна новини 24.

  71. I’m really enjoying the theme/design of your weblog. Do you ever run into any web browser compatibility issues? A few of my blog readers have complained about my website not working correctly in Explorer but looks great in Opera. Do you have any ideas to help fix this issue?

  72. That is a really good tip especially to those fresh to the blogosphere. Brief but very accurate informationÖ Many thanks for sharing this one. A must read article!

  73. Normally I do not read post on blogs, but I would like to say that this write-up very forced me to try and do it! Your writing style has been amazed me. Thanks, very nice post.

  74. My developer is trying to persuade me to move to .net from PHP.
    I have always disliked the idea because of the costs.
    But he’s tryiong none the less. I’ve been using Movable-type on numerous websites for about a year and am anxious about switching
    to another platform. I have heard fantastic things about blogengine.net.

    Is there a way I can import all my wordpress posts into it?
    Any help would be greatly appreciated!

  75. Excellent goods from you, man. I’ve understand your stuff previous to and you are just too wonderful. I really like what you have acquired here, really like what you are saying and the way in which you say it. You make it enjoyable and you still take care of to keep it smart. I can not wait to read much more from you. This is really a tremendous site.

  76. Everyone loves what you guys tend to be up too.
    This sort of clever work and coverage! Keep up the superb
    works guys I’ve incorporated you guys to our blogroll.

    Also visit my web-site – www

  77. Hi, Neat post. There is an issue along with your web site in web explorer, would check thisK IE still is the marketplace leader and a good section of folks will leave out your great writing because of this problem.

  78. Thanks for sharing your info. I truly appreciate your efforts and I am waiting for your further
    write ups thank you once again.

    Here is my page: www

  79. You are so awesome! I do not think I have read
    a single thing like that before. So nice to find somebody
    with a few unique thoughts on this issue. Seriously..
    thank you for starting this up. This web site is one thing
    that is needed on the web, someone with a little originality!

  80. I do not even know the way I finished up here, however I thought this put up was good. I don’t understand who you are however certainly you are going to a well-known blogger should you aren’t already 😉 Cheers!

  81. I do not even know how I ended up here, but I thought this post was good. I don’t know who you are but definitely you are going to a famous blogger if you are not already 😉 Cheers!

  82. Can I simply say what a reduction to find somebody who truly is aware of what theyre speaking about on the internet. You definitely know find out how to carry an issue to mild and make it important. Extra individuals must learn this and understand this side of the story. I cant believe youre no more widespread since you undoubtedly have the gift.

  83. I’ll right away grab your rss as I can not find your e-mail subscription link or newsletter service. Do you’ve any? Please let me know so that I could subscribe. Thanks.

  84. Having read this I thought it was very informative. I appreciate you taking the time and effort to put this article together. I once again find myself spending way to much time both reading and commenting. But so what, it was still worth it!

  85. Абузоустойчивый VPS
    Виртуальные серверы VPS/VDS: Путь к Успешному Бизнесу

    В мире современных технологий и онлайн-бизнеса важно иметь надежную инфраструктуру для развития проектов и обеспечения безопасности данных. В этой статье мы рассмотрим, почему виртуальные серверы VPS/VDS, предлагаемые по стартовой цене всего 13 рублей, являются ключом к успеху в современном бизнесе

  86. I simply couldn’t go away your website before suggesting that I extremely enjoyed the standard info a person provide to your visitors? Is gonna be again incessantly in order to check up on new posts.

  87. This is the suitable weblog for anyone who wants to find out about this topic. You notice a lot its nearly arduous to argue with you (not that I really would want…HaHa). You undoubtedly put a brand new spin on a topic thats been written about for years. Great stuff, simply nice!

  88. Have you ever thought about adding a little bit more than just your articles? I mean, what you say is fundamental and everything. But just imagine if you added some great pictures or videos to give your posts more, “pop”! Your content is excellent but with images and clips, this blog could certainly be one of the best in its niche. Very good blog!

  89. Great post. I used to be checking continuously this weblog and I am impressed! Very useful info specially the closing phase 🙂 I care for such info much. I used to be looking for this particular information for a long time. Thank you and best of luck.

  90. Yesterday, while I was at work, my cousin stole my apple ipad and tested to see if it can survive a twenty five foot drop, just so she can be a youtube sensation. My apple ipad is now broken and she has 83 views. I know this is completely off topic but I had to share it with someone!

  91. Hello! I could have sworn I’ve been to this blog before but after browsing through some of the post I realized it’s new to me. Anyways, I’m definitely happy I found it and I’ll be book-marking and checking back frequently!

  92. My spouse and I absolutely love your blog and find many of your post’s to be just what I’m looking for. can you offer guest writers to write content for you? I wouldn’t mind writing a post or elaborating on a number of the subjects you write about here. Again, awesome web log!

  93. I absolutely love your website.. Excellent colors &
    theme. Did you create this site yourself? Please reply back as I’m looking to create my very own site and want
    to learn where you got this from or exactly what the theme is named.
    Thank you!

  94. Just wish to say your article is as astounding. The clarity in your post is just great and i could assume you’re an expert on this subject. Fine with your permission let me to grab your feed to keep up to date with forthcoming post. Thanks a million and please carry on the rewarding work.

  95. That is the proper blog for anyone who needs to find out about this topic. You understand a lot its almost arduous to argue with you (not that I actually would want…HaHa). You undoubtedly put a brand new spin on a subject thats been written about for years. Nice stuff, just nice!

  96. Excellent blog! Do you have any helpful hints
    for aspiring writers? I’m planning to start my own blog soon but I’m a little lost on everything.
    Would you propose starting with a free platform like WordPress or go for a paid
    option? There are so many choices out there that I’m completely confused ..
    Any suggestions? Thanks a lot!

  97. https://medium.com/@DanteStuar9109/мощный-дедик-e36153c848f6
    VPS SERVER
    Высокоскоростной доступ в Интернет: до 1000 Мбит/с
    Скорость подключения к Интернету — еще один важный фактор для успеха вашего проекта. Наши VPS/VDS-серверы, адаптированные как под Windows, так и под Linux, обеспечивают доступ в Интернет со скоростью до 1000 Мбит/с, что гарантирует быструю загрузку веб-страниц и высокую производительность онлайн-приложений на обеих операционных системах.

  98. I and my friends ended up checking the great items from your web blog and so before long I had a horrible feeling I had not expressed respect to the web site owner for them. Those young men appeared to be as a result happy to study all of them and now have unquestionably been enjoying these things. Thanks for being very thoughtful and then for using variety of ideal resources millions of individuals are really eager to know about. My very own sincere apologies for not expressing gratitude to you earlier.

  99. Write more, thats all I have to say. Literally, it seems as though you relied on the video to make your point. You clearly know what youre talking about, why throw away your intelligence on just posting videos to your site when you could be giving us something informative to read?

  100. Appreciating the commitment you put into your website and in depth information you offer. It’s good to come across a blog every once in a while that isn’t the same old rehashed material. Excellent read! I’ve bookmarked your site and I’m adding your RSS feeds to my Google account.

  101. Together with the whole thing which seems to be building inside this specific area, your opinions are actually fairly stimulating. Even so, I beg your pardon, but I do not give credence to your whole strategy, all be it stimulating none the less. It seems to everybody that your commentary are generally not totally justified and in actuality you are generally yourself not even fully certain of your point. In any event I did enjoy looking at it.

  102. There are different reasons why a market participant might want their cryptocurrency holdings to be either connected to or disconnected from the Internet. Because of this, it’s not uncommon for cryptocurrency holders to have multiple cryptocurrency wallets, including both hot and cold ones. Your wallet is your window into your Ethereum account – your balance, transaction history and more. But you can swap wallet providers at any time. Web3 wallets are similar to software wallets but run in your web browser. They are designed for use with Web3 applications (also known as dApps). They are simple to use and many now let you purchase or trade cryptocurrencies directly from the wallet. Most web-based crypto wallets tend to be custodial wallets. Typically offered on cryptocurrency exchanges, these wallets are known for their convenience and ease of usage, and are especially popular with newcomers, as well as experienced day traders.
    https://lyfepal.com/blogs/191646/solana-crypto-price
    Swap your old tokens to new upgraded tokens A5 flat card with 6cm cherry wood token. Check it out! rabbit-rush.routerprotocol Product sales volume: Sold 0 Ecommerce website of LAB v2 where LAB v2 tradable with pairing stable tokens. When it was announced that publisher Starling Games had launched its latest crowdfunding campaign with the aim of bringing not one but two new Everdell expansions from designer James A. Wilson to the market my initial reaction can best be described as cautiously optimistic. On paper though, when compared to its forbearer it seemed that Spirecrest was indeed a much more evolved addition to the core game experience. And let us be honest: cute woodland critters hitching a ride on a regal white wolf who has wandered from the frozen tundra is a pretty enticing proposition, at least in my book.

  103. What’s Taking place i’m new to this, I stumbled upon this I have discovered It positively useful and it has helped me out loads. I hope to give a contribution & assist other users like its helped me. Good job.

  104. I just could not go away your web site prior to suggesting that I really loved the standard information a person provide for your guests? Is going to be again continuously in order to check up on new posts

  105. Thank you for another informative blog. The place else may I get that type of information written in such an ideal method? I’ve a project that I am simply now running on, and I’ve been on the glance out for such information.

  106. Стартап – бизнес идеи, свой бизнес, мотивация, психология, бизнес, удалёнка и многое другое в telegram канале @PRO_Startap.
    Никогда не поздно изменить себя – присоединяйся, читай, меняй мышление, развивайся и начинай собственное дело!
    Пришло время что-то менять! Так почему не сделать первый шаг?

    Ждем тебя: https://t.me/s/pro_startap

  107. certainly like your web-site however you need to test the spelling on several of your posts. Many of them are rife with spelling problems and I find it very bothersome to inform the truth on the other hand I’ll certainly come back again.

  108. Nice read, I just passed this onto a friend who was doing a little research on that. And he just bought me lunch because I found it for him smile Thus let me rephrase that: Thank you for lunch! “Life is a continual upgrade.” by J. Mark Wallace.

  109. I do enjoy the manner in which you have framed this challenge and it does indeed offer me personally some fodder for consideration. On the other hand, because of what precisely I have personally seen, I really wish when the actual feed-back pile on that people today keep on point and in no way get started on a soap box associated with the news du jour. All the same, thank you for this excellent piece and whilst I do not necessarily concur with the idea in totality, I respect your perspective.

  110. Thanks, I’ve recently been searching for info approximately this topic for a while and yours is the greatest I have came upon so far. However, what in regards to the conclusion? Are you sure in regards to the supply?

  111. I have been browsing online greater than three hours nowadays, but I never discovered any attention-grabbing article like yours. It’s lovely value sufficient for me. Personally, if all webmasters and bloggers made excellent content material as you did, the web will probably be a lot more useful than ever before. “Learn to see in another’s calamity the ills which you should avoid.” by Publilius Syrus.

  112. How often should you cut your hair? While that is the matter of styling preferences, regular trims are a must no matter the cut you sport. Consider the texture and the length of your mane to find the absolute best trimming period. Even though you’re visiting the shop less, this cut can be higher maintenance because it requires a bit of styling to keep it looking sharp. Another reason I recommend waiting longer between barbershop visits with this medium length haircut is because you don’t want to get it cut shorter and shorter over time from visiting too frequently, Just keep in mind that the average person’s hair grows about one to two inches a month, so frequent trims can help keep your style looking fresh. “If you are growing out your hair, a haircut every two to three months is OK if you aren’t putting a lot of heat on your hair,” celebrity hairstylist Sunnie Brook added.
    https://deandaar159625.ttblogs.com/2961588/what-is-thread-face-lift
    Ruby was the beauty editor at Cosmopolitan, where she covered beauty across print and digital. Her work has appeared on The Zoe Report, Fashionista, and StyleCaster. Follow her on Instagram.  Where SNS and acrylic can be quite restrictive and harsh on your nails, often leaving your nail plate extremely weak, dry and dehydrated, BIAB on the other hand, can last longer than a typical gel mani (anywhere up to 3-4 weeks) and combines all the benefits people know and love from these treatments, including flexibility, strength and durability, without impacting the health of the nail. Schedule a gel manicure appointment at the location of your choosing. I always try to be nice and understanding when this happens, but I cannot stress how important it is to do the work before you even do your first manicure. I can’t help you if you won’t help yourself!! So please read this, get the courses, and message me if you continue to have issues. This is the exact reason I created my courses, they contain everything you need to know in long format, follow along videos, and they’re loaded with information to prepare you for a safe manicure! I will talk through which courses go along with each section of the fill process as we go!

  113. There are certainly loads of particulars like that to take into consideration. That could be a great level to bring up. I supply the ideas above as basic inspiration however clearly there are questions just like the one you bring up where the most important factor shall be working in trustworthy good faith. I don?t know if best practices have emerged round things like that, however I am sure that your job is clearly identified as a good game. Both girls and boys really feel the impression of only a second’s pleasure, for the rest of their lives.

  114. Hi there! Do you know if they make any plugins to help with Search Engine Optimization? I’m trying to get my blog to rank for some targeted keywords but I’m not seeing very good success. If you know of any please share. Thanks!

  115. hey there and thanks in your info – I have certainly picked up anything new from right here. I did on the other hand experience a few technical points using this site, since I skilled to reload the web site many occasions prior to I could get it to load correctly. I have been brooding about in case your hosting is OK? Now not that I’m complaining, but sluggish loading instances times will very frequently impact your placement in google and could injury your quality score if ads and ***********|advertising|advertising|advertising and *********** with Adwords. Well I’m adding this RSS to my e-mail and could look out for a lot extra of your respective exciting content. Ensure that you update this again soon..

  116. Hi, Neat post. There is a problem with your site in internet explorer, would check this… IE still is the market leader and a large portion of people will miss your great writing because of this problem.

  117. There are actually loads of details like that to take into consideration. That is a great point to carry up. I offer the thoughts above as normal inspiration but clearly there are questions like the one you bring up the place crucial factor will probably be working in sincere good faith. I don?t know if finest practices have emerged round things like that, but I’m sure that your job is clearly identified as a fair game. Both boys and girls really feel the influence of just a second’s pleasure, for the remainder of their lives.

  118. Can I just say what a relief to seek out someone who truly knows what theyre speaking about on the internet. You definitely know how one can carry an issue to gentle and make it important. More folks need to read this and perceive this aspect of the story. I cant imagine youre no more well-liked since you undoubtedly have the gift.

  119. What’s Taking place i’m new to this, I stumbled upon this I have found It positively useful and it has aided me out loads. I am hoping to contribute & assist other users like its aided me. Great job.

  120. Купить Официальный магазин стабилизаторов Lider в интернет-магазине Lider-Stab по выгодным ценам. Быстрая доставка по Москве или любой другой город России.

  121. Nice read, I just passed this onto a friend who was doing a little research on that. And he actually bought me lunch because I found it for him smile So let me rephrase that: Thanks for lunch!

  122. When I originally commented I clicked the -Notify me when new comments are added- checkbox and now every time a comment is added I get 4 emails with the same comment. Is there any manner you’ll be able to remove me from that service? Thanks!

  123. Im not sure where you are getting your information, but great topic. I must spend a while finding out more or figuring out more. Thanks for excellent information I used to be in search of this info for my mission.

  124. База отдыха в Подмосковье на берегу озера с пляжем – двухэтажный коттедж, баня + бильярдная, купель, бассейн, камин. Лучшие условия и цены. Нас рекомендуют! Снять коттедж на выходные и на месяц +7(916)671-79-58

  125. Pretty section of content. I just stumbled upon your blog and in accession capital to assert that I acquire actually enjoyed account your blog posts. Any way I will be subscribing to your feeds and even I achievement you access consistently fast.

  126. Thanks for sharing excellent informations. Your web site is very cool. I’m impressed by the details that you¦ve on this blog. It reveals how nicely you understand this subject. Bookmarked this web page, will come back for extra articles. You, my friend, ROCK! I found just the information I already searched all over the place and simply could not come across. What a great web site.

  127. I will right away grab your rss as I can’t find your e-mail subscription hyperlink or newsletter service. Do you’ve any? Kindly let me recognise so that I may just subscribe. Thanks.

  128. Wonderful goods from you, man. I have understand your stuff previous to and you’re just too great. I actually like what you’ve acquired here, really like what you are saying and the way in which you say it. You make it enjoyable and you still take care of to keep it sensible. I cant wait to read much more from you. This is really a great web site.

  129. Hey there, I think your website might be having browser compatibility issues. When I look at your blog in Opera, it looks fine but when opening in Internet Explorer, it has some overlapping. I just wanted to give you a quick heads up! Other then that, excellent blog!

  130. Great blog right here! Additionally your web site quite a bit up very fast! What host are you the use of? Can I am getting your affiliate link to your host? I want my website loaded up as quickly as yours lol

  131. hello!,I really like your writing very much! share we keep up a correspondence more approximately your post on AOL? I need a specialist on this house to resolve my problem. May be that is you! Having a look ahead to peer you.

  132. Thank you for sharing superb informations. Your site is very cool. I’m impressed by the details that you have on this website. It reveals how nicely you understand this subject. Bookmarked this website page, will come back for more articles. You, my pal, ROCK! I found simply the info I already searched all over the place and simply could not come across. What a perfect web-site.