Comparing the current results to its competitors, 12 Retech reported Revenue increase in the 4 quarter 2019 by 244.68 % year on year, while most of its competitors have experienced contraction in revenues by -3.88 %, achieved in the same quarter.
12 Retech Corporation, slower than the average decrease reported by the company's competitors of -38.08 %. recorded a net loss and most of the company's competitors saw a decline in earnings by -38.08 %
12 Retech's Comment on Competition and Industry Peers
We may see increased competition in our markets. On the technology side of
our business many players are entering the market place including Hitachi, IBM,
and others. While we believe that our solutions are better due to our experience
as retailers our competitors are entrenched and very well-funded. The competitors
may be able to respond more quickly to new or emerging technologies and changes
in customer requirements and devote greater resources to develop, promote and
sell their products or services. In addition, increased competition could result
in reduced fees, reduced margins and loss of market share, any of which could
harm our business. We cannot guarantee that we can compete successfully against
current or future competitors, many of which have substantially more capital,
existing brand recognition, resources and access to additional financing. All
these competitive pressures may result in increased marketing costs, or loss
of market share or otherwise may materially and adversely affect our business,
results of operations and financial condition.
International Business Machines Corporation Share Performance
-17.69%
This Year
International Business Machines Corporation
Profile
International Business Machines Corporation (IBM) operates on a business model centered around delivering comprehensive technology products and services to enterprises globally, focusing on software, hardware, cloud computing, artificial intelligence, and consulting. Through these offerings, IBM seeks to enhance organizational efficiency, foster innovation, and support clients in achieving their digital transformation objectives.
Sources:
12 Retech Corporation’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: publicly traded companies.
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