Autodesk Inc (ADSK) recently unveiled a new application for
Apple's (AAPL) iPad. The Autodesk 123D Creature app enables
anyone to create and print 3D characters. With the help of the
application, users can create original characters in a few
The application has tools such as 123D Sculpt App, which allow
users to thicken, stretch and sculpt their creatures. Users can
print their creatures by ordering a 3D print from Sculpteo's 3D
printing services embedded within the application. The application
can also be used in sync with other visual effects and animation
software such as Autodesk Maya and 3ds Max.
Meanwhile, Autodesk announced a new partnership with The LEGO
Group. The partnership will develop a 3D interactive building
instruction application for LEGO MINDSTORMS EV3 platform, which
allows users to build and program robots.
The application not only provides alternative to conventional
instructions but also allows users to digitally view how the
components of the platform fit. This makes it easier for builders
to develop sophisticated robots.
The mobile application will be available for both Apple's
iOS-based devices as well as Google's (GOOG) Android-based devices in the second half of
2013.The application can also be accessed over the Internet at
Autodesk enjoys a leading position in the computer-aided
designing market. The new applications reflect Autodesk's focus on
improving its penetration in the emerging technologies. The new
mobile applications will further boost Autodesk's market share
We believe that Autodesk's expanding product portfolio,
broadening industry applications and geographic reach will help
sustain long-term growth. Moreover, the new cloud-based products
will boost Autodesk's subscriber base in the near term.
Acquisitions have also helped Autodesk to expand its cloud-based
product offerings in the recent times. In the first nine months of
fiscal 2013, Autodesk acquired 8 companies that include a number of
software-as-a-service (SaaS) providers for approximately $204.2
However, Autodesk's high exposure to Europe amid the lingering
financial turmoil in the region keeps us cautious. Moreover,
customer concentration and increasing competition from
Adobe (ADBE) are the other headwinds.
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