Nintendo cuts 3DS sales forecast, will report first annual loss

By on January 26, 2012 at 7:25 PM.

Nintendo cuts 3DS sales forecast, will report first annual loss

Nintendo recently published a note in which it said it will report an annual operating loss of 45 billion yen ($575 million) for the December quarter. Analysts had expected the Japan-based gaming giant to report a 4.2 billion yen loss, Reuters said Thursday. The company now expects to ship 10 million Wii consoles, instead of the original 12 million projected, and 14 million units of its portable 3DS gaming consoles, down from 16 million units. “We had higher expectations for the year-end season, but failed to meet them,” President Satoru Iwata said while speaking to press in Osaka, Japan. Three analysts speaking to Reuters all agreed that Nintendo needs to rethink its strategy and understand that consoles could be a thing of the past. “Their time of growth [from console systems] is over, and, while I don’t think the company will cease to exist, if they don’t move into new categories, they will no doubt lose the great scale they’ve amassed,” Mitsushige Akino, chief fund manager at Ichiyoshi Investment Management in Tokyo, told Reuters. Satoru Iwata has previously said that creating games for Apple’s iOS mobile platform is “absolutely not under consideration.” More →

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Analysts raise Apple stock price target ahead of earnings

By on July 19, 2011 at 9:20 AM.

Analysts raise Apple stock price target ahead of earnings

Apple will release its fiscal third quarter earnings on Tuesday afternoon and analysts have boosted the stock price target in anticipation of a solid quarterly report. The iPhone maker’s shares hit a record high of $373.80 at the close of the day on Monday. BGC analyst Collin Gillis has boosted the price target of Apple’s stock from $390 to $430. “We are more positive on the outlook for share acceleration in the second half as it is reasonable to expect multiple hardware refreshes combined with the back-to-school and holiday shopping quarter,” Gillis told Reuters. A group of analysts recently predicted that Apple will report that it sold between 15 and 20 million iPhones during the quarter, with the average estimate falling at 16.9 million iPhones sold. Apple is expected to “report earnings of $5.84 per share on revenue of $24.9 billion,” Reuters said, citing Thomson Reuters I/B/E/S. More →

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Optimism: firm predicts 45 million iPads sold in 2011

By on April 15, 2011 at 6:00 AM.

Optimism: firm predicts 45 million iPads sold in 2011

The proverbial — and literal — stock of Apple, Inc. is sky high at the moment, which could be clouding the better judgement of some analysts. And this next prediction may fall into that category: 45 million iPads to be sold in 2011. The prognostication comes courtesy of intel acquired by Ticonderoga Securities from various component suppliers in China and Taiwan. “During our visit to Asia last fall, we indicated that our checks were pointing to expectations for up to 45 million iPad unit sales by Apple,” writes Brian White, an analyst with Ticonderoga. “At the time, this number was difficult for many investors and some in the media to get their heads around. However, this week’s meetings are again pointing to expectations for iPad unit sales of 40 million to 45 million units in CY11, well above our estimate of 30.9 million.” Digital Daily‘s John Paczkowski writes that the estimates do seem “a tad optimistic,” and notes that we should have a better gauge on 2011 iPad sales next week when the company reports its second-quarter earnings.

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IDC: Windows Phone will be No. 2 in 2015, passing iPhone and BlackBerry

By on March 29, 2011 at 11:31 AM.

IDC: Windows Phone will be No. 2 in 2015, passing iPhone and BlackBerry

IDC on Tuesday released a new report detailing its vision of the smartphone market through 2011 and beyond. The research firm sees global smartphone shipments climbing to 450 million units in 2011, up 49.2% from 303.4 million units in 2010. More interestingly, however, is the firm’s forecast moving through 2011 and into 2015. Ovum had previously estimated that Microsoft’s Windows Phone platform would pass BlackBerry to become the No. 3 mobile OS globally in 2016. Considering the size and reach of Nokia, the flagship Windows Phone partner moving forward, we wondered if the company’s estimates were a bit light. IDC estimates that Nokia will lead Windows Phone past RIM’s BlackBerry OS and Apple’s iOS platform to become the No. 2 smartphone operating system in the world in 2015. “Up until the launch of Windows Phone 7 last year, Microsoft has steadily lost market share while other operating systems have brought forth new and appealing experiences,” said IDC senior research analyst Ramon Llamas in a statement. “The new alliance brings together Nokia’s hardware capabilities and Windows Phone’s differentiated platform. We expect the first devices to launch in 2012. By 2015, IDC expects Windows Phone to be number 2 operating system worldwide behind Android.” Hit the break for the full press release. More →

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RIM reports Q4 earnings; revenue misses estimates despite record shipments

By on March 24, 2011 at 4:35 PM.

RIM reports Q4 earnings; revenue misses estimates despite record shipments

Shares of Research in Motion stock declined over 12% after hours on Thursday as the company reported its fourth-quarter earnings for its 2011 fiscal year. RIM reported revenue that missed Wall Street’s consensus on device shipments that exceeded expectations by 200,000 units. Fourth-quarter revenue came in at $5.6 billion, just below the $5.64 billion analysts expected. Device shipments for the quarter totalled 14.9 million units, beating estimates of 14.7 million units, and full-year shipments were a record 52.3 million units — a 43% improvement over the year prior. Full-year revenue of $19.9 billion grew 33% over the 2010 fiscal year and net income was up 47% year-over-year to $3.4 billion. “We are pleased to report record shipments and financial performance in fiscal 2011,” said RIM’s Co-CEO Jim Balsillie in a statement. “As we enter fiscal 2012, RIM is in an excellent position to benefit from the continuing convergence of the mobile communications and mobile computing markets. We are laying a strong foundation for RIM’s expanding market opportunity through focused investments and we are extremely excited about our smartphone, tablet and platform roadmaps.” Hit the break for the full press release. More →

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Apple shipped 1.1 million MacBook Air laptops last quarter, analyst claims

By on March 7, 2011 at 8:01 PM.

Apple shipped 1.1 million MacBook Air laptops last quarter, analyst claims

Concord Securities analyst Ming-Chi Kuo revealed on Saturday that Apple shipped a total of 1.1 million MacBook Air units over the course of the refreshed laptop’s first quarter of availability. Though the firm’s figure is most certainly not confirmed by Apple, Ming-Chi cites channel checks in Asia in revealing shipment numbers, which would make the new MacBook Air one of the fastest-selling Mac computers in Apple’s history. Ming-Chi notes that sales have likely begun to slow in the first quarter of 2011, and Concord estimates that Apple will ship approximately 700,000 units this quarter. Shipments of Apple’s newly refreshed MacBook Pro computers are expected to make up for the slowing Air sales, however, and Concord notes that demand for the new Pro line will help offset slowed MacBook Air shipments. More →

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