Nokia posts huge $1.7 billion Q1 loss; sales boss resigns as smartphone sales plummet 50%
Nokia warned that its first-quarter earnings would be weak, and the numbers are now in. Revenue declined 30% to €7.4 billion, or $9.7 billion USD last …
Earnings
Google posts Q1 results, beats Wall Street’s consensus; announces 2-for-1 stock split
Google on Thursday reported its results for the first quarter, topping Wall Street’s estimates. The Internet giant managed earnings of $10.08 per share on $10.65 …
Sony confirms plans to shed 10,000 jobs amid shake-up
Sony on Thursday confirmed earlier rumors suggesting plans to release 10,000 workers during the course of fiscal 2012. The figure includes employees expected to leave …
Nokia trims Q1 outlook, confirms more than 2 million Lumia phones sold
Nokia on Wednesday lowered its outlook for the first quarter of 2012, noting that performance from its devices and services division will have a greater …
‘Extremely poor’ Symbian sales, mixed Lumia sales to leave Nokia with another rough quarter
Nokia is in store for yet another rough quarter according to Canaccord Genuity analyst Mike Walkley. The struggling Finnish phone vendor posted a massive €954 million …
Sony sees massive $6.4 billion annual net loss, its worst ever
Sony has revised its full-year earnings projections for the fiscal year ended March 31st to include a tax hit that will see the company report …
Apple downgraded as carriers prepare to stunt iPhone growth
Following a huge week that saw Apple’s stock climb above $630 amid a fresh round of analyst upgrades, one analyst isn’t sold on the notion …
Samsung to report record Q1 as profits double
Samsung Electronics on Friday reported unaudited earnings results for the first calendar quarter of 2012. Following a record holiday quarter that saw the company pull …
HTC sees sharp decline in Q1 revenue, profit
HTC on Friday reported unaudited earnings for the first quarter, revealing an extremely rocky start to the new year. The company warned that its first …
Research In Motion is dead
I saw from the inside and outside how RIM transformed the mobile landscape, and how the company even battled its own inner demons throughout the …
RIM reports Q4 miss; Balsillie resigns as director, CTO and COO both out
With expectations at an all-time low and analysts lowering estimates left and right, Research In Motion on Thursday reported its results for the fourth fiscal …
Best Buy posts mixed Q4 earnings, plans to close 50 U.S. stores
Best Buy on Thursday reported results for the fourth fiscal quarter of 2012. The nationwide retail giant had missed Wall Street’s estimates in both the …
RIM slashes BlackBerry prices in India one day ahead of Q4 earnings
Research In Motion has made drastic cuts to BlackBerry smartphone prices in India just one day before the Waterloo, Ontario-based vendor is scheduled to report …
RIM: ‘Grim and getting grimmer’
Research In Motion is set to report its results for the fourth fiscal quarter and full fiscal year on Thursday, and Wall Street is bracing itself …
HTC’s struggles continue, revenue plummeted 45% so far this year
HTC’s revenue during the first two months of 2012 has plummeted 45% compared to the same period last year. The popular vendor on Tuesday published …
‘Be Bold’ is a bust: Ad blitz didn’t help BlackBerry 7 sales in February
Research In Motion’s increased marketing efforts centered around its “Be Bold” campaign in North America have not paid off according to Canaccord Genuity. Sales of …
RIM’s Q4 likely to disappoint, iPhone 5 will overshadow BlackBerry 10
Research In Motion is likely to report a disappointing February quarter according to Jeffries & Company analyst Peter Misek, and the company may soon pre-announce …
Go Apple or go home? T-Mobile continues to flounder without the iPhone
T-Mobile USA on Thursday reported a rough holiday quarter during which the company lost a net 802,000 contract subscribers. In its earnings release, T-Mobile mentions …
HP reports Q1 earnings: EPS beats but revenue and Q2 guidance both miss
Hewlett-Packard on Wednesday reported its fiscal first-quarter earnings, which fell short of Wall Street’s expectations. Analysts expected the computer giant to pull in $30.75 billion …
Apple seen selling 31 million iPhones, 11 million iPads this quarter
Apple posted the most profitable quarter ever among technology companies to close out 2011 and according to a number of industry analysts, the Cupertino-based company …
Foxconn owner Hon Hai reports huge revenue growth in January
Hon Hai Precision Industry Company, Ltd., parent company of original device manufacturer Foxconn, reported huge revenue growth of nearly 50% for the month of January, …
Sprint posts $1.3 billion net loss in Q4; 1.8M iPhones sold, 1.6M net subscribers added
Sprint on Wednesday reported its results for the fourth quarter of 2011. The nation’s No.3 carrier sold 1.8 million iPhones, 40% of which were sold …
HTC slump continues in Q4; guidance misses Q1 estimates
HTC on Monday reported earnings for the fourth quarter last year along with guidance for the first quarter that missed analysts’ estimates. Further highlighting the …
Apple and Samsung to pull in 90% of smartphone profits in 2012, UBS says
Industry watchers agree that smartphone sales will continue to balloon in 2012, but much of the projected growth will seemingly be enjoyed by just two …
Sony posts huge $2 billion net loss in Q3, cuts forecasts
Kazuo Hirai was appointed Sony’s new chief executive on Wednesday and one day later, the company reported a wider than expected loss in the third …
LG reports second straight loss in Q4
LG Electronics on Wednesday posted its second consecutive quarterly loss despite record flat-panel TV shipments and solid performance from its mobile handset division. The South …
Qualcomm reports record Q1, beats estimates with $4.68B in revenue and raises outlook
Qualcomm on Wednesday reported record earnings for the first quarter of fiscal 2012. The company took in $4.68 billion in revenue, up 40% year-over-year and …
Amazon reports $17.4B in revenue, sales up 35% but misses Street estimates
Amazon on Tuesday reported its earnings for the fourth quarter, during which it took in $17.4 billion in revenue. While its net sales were up …
A visualization of Apple’s market cap and cash [infographic]
Apple reported a monster first quarter last Tuesday that sent the company’s stock skyrocketing over the past week. Apple’s holiday quarter was the most profitable …
Samsung’s Q4 delivers record $4.7 billion in profit on $42 billion in revenue
Samsung on Friday reported record earnings for the fourth quarter last year. In line with the company’s estimates as reported earlier this month, Samsung recorded …
