Apple today announced its fiscal 2012 fourth quarter results. The company again posted numbers that would make many of its competitors envious but there were signs that competition is heating up. “We’re very proud to end a fantastic fiscal year with record September quarter results,” said Tim Cook, Apple’s CEO. “We’re entering this holiday season with the best iPhone, iPad, […]
Financial results
Nokia ships 2.9 million Lumia smartphones in latest fiscal Q3 2012 quarter
Nokia’s troubled turnaround continues as the company today announced its fiscal Q3 2012 results, posting a lower-than-expected loss in what it described as “a difficult quarter.” Overall revenues came in at &euro7.2 billion (about US$9.45), down 19% over the same quarter a year ago and down 4% over the previous one. This translated into a loss of €576 billion (US$755 […]
RIM announces better than expected Q2 Fiscal Year 2013 results
Research In Motion today announced its Q2 Fiscal Year 2013 results and delivered better news than expected. Revenues comes in at US$2.9 billion, up 2% over the previous quarter. Despite the better than expected revenues, RIM still recorded a net loss of US$235 million (including restructuring costs). “Despite the significant changes we are implementing across the organization, our second quarter […]
Strong smartphone sales power Samsung to record Q2 2012 profits
Samsung today announced its Q2 2012 financial results, posting record profits of US$5.9 billion (matching earlier guidance). Its mobile group contributed about 60% of this profit due in large part to strong smartphone sales (including those of the recently launched Samsung Galaxy S III). Samsung no longer discloses smartphone shipment numbers but estimates suggest that it shipped about 50 million […]
Nokia ships 4 million Windows Phone Lumia devices in Q2
Nokia today issued an interim financial report for its Q2 2012. Sales rose marginally to €7.5 billion from €7.4 billion the previous quarter, resulting in a total operating loss of €826 million (around $1 billion). Net cash still rose by €102 million (around $125 million) thanks in part to licensing royalties and platform support payments from Microsoft. Nokia shipped 83.7 […]
Galaxy S III to help power Samsung to US$5.9 billion Q2 profits
Samsung earlier today provided guidance for its April to June quarter ahead of the announcement of its financial results later this month. It expects to announce a record quarterly profit of US$5.9 billion and attributes much of this to the success of its Galaxy line of smartphones and the Galaxy S III in particular. Revenues are estimated to come in […]
RIM announces dismal first quarter fiscal 2013 results
Research In Motion yesterday announced its Q1 fiscal Year 2013 results. While many had expected poor results, the final numbers proved far worse. RIM reported an operating loss of US$518 million, its first since fiscal year 2004. Revenues for the quarter came in at US$2.8 billion, down 33% from US$4.2 billion in the prior quarter and down 43% from the […]
RIM projects Q1 operating loss
Research in Motion today issued a business update that confirms a grim future for the company during its transition to BlackBerry 10. It revealed that it expects to report a quarterly loss for its current quarter due as an “on-going competitive environment is impacting our business in the form of lower volumes and highly competitive pricing dynamics in the marketplace.” […]