After setting expectations in late November, HTC reported a significant dip in revenue on Tuesday as competition from the likes of Apple and Samsung continues to heat up. The Taiwan-based vendor took in NT$30.95 billion during the month of November, down 20% compared to November 2010 and 30% sequentially. HTC warned last month that revenue in the fourth quarter would be significantly lower than it had previously anticipated, and the company cut its fourth-quarter forecast by 23% as a result. The vendor now expects fourth-quarter revenue to total NT$104 billion. HTC’s November revenue statement follows below. More →
On a day when the business world is focused solely on Apple and the launch of its iPhone 4, RIM announced its quarterly results. Although it managed to pocket a handsome profit of $768.9 million, everything from revenue to subscribers to devices shipped missed the mark. Revenue, which was up 24% Y0Y at $4.24 billion or $1.38 per share diluted, fell short of the $4.32b analysts were expecting. The 4.9 million new subscribers RIM picked up also wasn’t good enough for the Street, which was looking to see 5 million additions. Handset sales also failed to meet expectations with 11.2 million sold. RIM is very optimistic about the current quarter — one which will see it “a range of exciting new BlackBerry products being released in the coming months” and “create significant opportunities to accelerate RIM’s growth in the second half of the fiscal year” — and is expecting it that revenue come in at $4.4 to $4.6b while adding up to 5.2 million subscribers. EPS is targeted for $1.33 to $1.40. More →
Rumors surrounding Microsoft’s poor performance and impending layoffs have been swarming recently and as the predicted date of said layoff announcement came and went, many wondered if employees of the Redmond-based giant were clear or danger. Unfortunately, that is not the case. Microsoft announced its Q2 earnings today which came in at $16.63 billion, well shy of the $17.08 billion expected, with EPS at $0.47 per share, below the $0.49 prediction. Microsoft also dropped the unfortunate bomb that has been buzzing around the blogosphere for quite a while now: The company will eliminate 5,000 positions in the coming 18 months beginning today with 1,400 layoffs. The only real positive was a 3% revenue increase in Microsoft’s Entertainment division thanks to a solid showing from the Xbox 360 this holiday season. As always, we feel for those whose jobs will be lost as a result of the news. Hit the jump for CEO Steve Ballmer’s internal message to Microsoft employees.