Tag archive: profits

In Smartphone news, the iPhone is making a lot of money for Apple—more than half the industry's overall profits belong to the Cupertino-based company. Though Samsung has pushed way ahead of Apple for sales in the September quarter, Apple managed to command 52% of the profits with the iPhone. This is according to Canaccord Genuity Analyst T. Michael Walkley, who points out that Apple's profit command comes from only 4.2 percent of the… Read More

According to a press release today, Hewlett-Packard is discontinuing webOS and is looking for a ”a full or partial separation of [consumer electronics division] from HP through a spin-off or other transaction.” That's right, the number one PC maker in the world is essentially shutting, or selling, its doors. HP is looking for someone to buy its Personal Systems Group (PSG). This division is responsible for all consumer PCs,… Read More

Despite a fall in the sales of its Windows operating system and losses in its online service division (which Bing is a part of), Microsoft, who today issued its report for the third fiscal quarter ending March 31, still reported a jump in profits of 31% (at $5.23 billion) on a year earlier. Revenues were up 13 percent at $16.43 billion. This can be attributed to healthy sales of its Office software, along with Xbox consoles and Kinect… Read More

Figures for first quarter earnings suggest streaming video service Netflix is continuing to go from strength to strength. According to the company, profits in the quarter ending March 31 jumped a whopping 88 percent, coming in at $60.2m – that's $1.11 a share (up from $32.3m 12 months earlier; 59 cents a share). Netflix also reported revenue at a healthy $719m, up an impressive 46 percent. The California-based company said it added 3.3m US… Read More

The news just keeps getting better and better for Apple investors. On Wednesday, the Cupertino company announced its financial results for its fiscal 2011 second quarter ending March 26, 2011. The statistics are impressive and should put a smile the length of an iPad 2 on anyone with shares in the electronics giant. It posted record second quarter revenue of $24.67 billion (compared to $13.5 billion a year earlier), and a record second quarter… Read More

Yesterday was a day of mixed news for Google, which has just published its financial report for the first quarter of 2011. Although profits were up an impressive 17 percent, the report showed that earnings for that period didn't quite meet with expectations. Earnings per share were put at $8.08, just short of the forecast of $8.10, but even that seemingly small margin was enough to send the Internet giant's shares sliding 5 percent… Read More

Large electronics retailer Best Buy has reassessed it's strategy after a recent 16-percent quarter profit drop. Thanks to competition from discounters like Walmart and online giant Amazon, Best Buy is looking to cut costs and redirect those savings into what it believes to be high-growth opportunities. The plan to revamp the company strategy and avoid the fate of Circuit City has been in motion for over a year. Executives claim that the… Read More

After initial sales that smoldered like wet newspaper beside Nintendo’s crackling Wii bonfire, it looks like Sony’s PlayStation 3 is finally ready to blaze. On Thursday, the company reported doubling PS3 sales in April through June of this year, compared to the same quarter last year. More specifically, Sony moved just 1.1 million PlayStations last year during the first quarter, and managed to bump it to 2.4 million this year. The apparent spark… Read More