Research in Motion may have to write off more than US$1 billion as its smartphones and tablets gather dust in warehouses instead of being snapped up by customers. The value of its inventory rose from US$618 million a year ago to over US$1 billion as lagging sales keep devices on shelves longer. This figure does not account for all the […]
Financial results
Apple announces financial results for Q2 FY2012
Apple today announced its latest financial results. For its fiscal second quarter, it recorded quarterly revenues of US$39.2 billion and quarterly net profits of US$11.6 billion. This is a significant increase over the revenue of US$24.7 billion and net profit of US$6.0 billion it recorded in the year-ago quarter. It sold 11.8 million iPads, a 151% increase over the same […]
Nokia reports fiscal Q1 loss with “mixed” Lumia sales
Nokia today announced its Q1 2012 financial results. Sales dropped 29% to €7.4 billion (from €10.4 billion the same quarter a year ago). It reported an operating loss of €$1.3 billion (about US$1.7 billion), attributing it to “greater than expected competitive challenges and seasonality” as well as cost of restructuring activities. Underlying the market challenges that Nokia is feeling, its […]
Record profits in latest quarter for Samsung
Samsung is the latest company to announce its financial results. Sales topped KRW47 trillion (around US$42 billion) and operating profits topped KRW5.3 trillion (US$4.7 billion). Full year revenues and profits came in at KRW165 trillion (US$147 billion) and KRW16.25 trillion (US$14.5 billion) respectively. Unlike Apple earlier this week, Samsung did not reveal smartphone shipment numbers but said that global smartphone […]
Motorola posts Q4 FY11 loss on shipments of 10.5 million mobile devices
Motorola Mobility today announced its Q4 FY2011 and full-year results. This could well be its last such report before it gets acquired by Google. For its Q4, it recorded revenues of US$3.4 billion but posted a net loss of US$80 million. For the full year, it recorded revenues of US$13.1 billion and a net loss of US$0.84 per share. “In […]
Nokia sells over a million Lumias but records US1.2 billion loss in Q4 2011
Nokia today announced its Q4 FY2011 financial results. Revenues for the quarter came in at just over €10 billion (US$13 billion), a 21% year-over-year slide, and it recorded a €954 million (US$1.2 billion) operating loss. In terms of mobile devices, Nokia shipped 113.5 million feature phones, down 8%, and 19.6 million smartphones, down 31% from the same quarter a year […]
Apple chalks up another record quarter
Apple today announced its latest financial results and the numbers are nothing short of impressive once again. The company announced record quarterly revenue of US$46.33 billion and record quarterly net profit of US$13.06 billion with gross margins coming in at 44.7%. It sold 37.04 million iPhones (128% increase over the year-ago quarter), 15.43 million iPads (111% increase over the year-ago […]
Total Android devices activated top 250 million
Google yesterday announced its latest financial results. Revenues topped US$10 billion for the first time ever and earnings came in at US$8.1 billion (missing Wall Street expectations). The company also announced some big numbers for its Android operating system. According to CEO Larry Page, Android has now been activated on 250 million devices, up 50 millions from their last announcement […]