The Samsung Galaxy S4 propelled the South Korean firm to record earnings for Q2 2013 to US$8.9 billion, but even after five consecutive record quarterly profits, analysts are wondering what will happen to Samsung with narrowing margins now that rivals are flooding the market with cheaper smartphones. They have even downgraded the stock value 3-percent because of this. Maybe that […]
Financial results
BlackBerry ships 6.8 million smartphones in Q1 FY2014
BlackBerry today announced financial results for the first quarter of its fiscal 2014 year and they paint a picture of a company that is still struggling to turn its fortunes around. Revenues hit US$3.1 billion, a 15% increase from the previous quarter’s US$2.7 billion and up 9% over the same quarter a year ago. Unfortunately, it still recorded a net […]
Nokia announces return to black with Q4 2012 financial results
Nokia today announced its financial results for the last quarter of its fiscal 2012 year. It had a pleasant surprise for its stockholders, reporting a profitable quarter after six quarters of losses. It saw an operating profit of US$585 billion (€439 million) on net sales of US$10.7 billion (€8.04 billion). According to CEO Stephen Elop, “We are very encouraged that […]
Apple announces fiscal 2013 Q1 results
Apple yesterday announced financial results for the first quarter of its fiscal 2013 year. It once again posted impressive numbers but is also facing stiffer competition on many sides. Quarterly revenues came in at US$54.5 billion with quarterly net profits topping US$13 billion. Despite this year’s quarter being a week shorter than last year’s quarter, Apple still beat last year’s […]
Nokia ships 4.4 million Lumia smartphones in Q4 2012
Nokia today issued a fourth-quarter preliminary report and the news is much more positive than it has been in past quarters. Its Mobile Phones business unit and Lumia portfolio both delivered better than expected results. Nokia now expects that its Devices & Services group will exceed expectations and achieve “underlying profitability” for Q4 2012. According to Stephen Elop, Nokia CEO: […]
Samsung expects record US$8.3 billion Q4 profit thanks to mobile phones
Samsung Electronics yesterday delivered its fiscal year 2012 Q4 earnings guidance. The company expects sales to reach 56 trillion Korean Won (about US$5.27 billion) with profits to come in at 8.8 trillion Won (about US$8.3 billion). This would be yet another record, the latest in a string of five record quarters. Much of this success is attributed to mobile devices […]
RIM announces Q3 fiscal 2013 results, beats expectations but loses subscribers
Research In Motion today announced its Q3 fiscal 2013 results. Revenues came in at US$2.7 billion, down 5% from Q2’s US$2.9 billion and down 47% from US$5.2 billion the same quarter a year ago. As a result, the company posted a loss of US$114 million or US$0.22 per share but beat Wall Street’s expectation of a loss of US$0.35 a […]
Samsung announces fiscal Q3 2012 results
Apple was not alone yesterday in announcing its latest financial results. Samsung announced its fiscal 2012 third quarter results with revenues coming in at 52.18 trillion Korean won (about US$47.5 billion) and record operating profits of 8.12 trillion won (about US$7.4 billion). Samsung attributed much of its success to increased mobile phone sales and stronger demand for display panels. Its […]