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Sony posts huge $2 billion net loss in Q3, cuts forecasts

February 2nd, 2012

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 fiscal quarter of 2011 that sent its stock tumbling more than 6% in early trading. The firm posted an operating loss of $1.2 billion on $23.4 billion in revenue, down …

LG reports second straight loss in Q4

February 1st, 2012

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 Korea-based electronics vendor recorded revenue of KRW 13.81 trillion, or approximately $12.05 billion USD, in the fourth quarter of 2011 along with an operating profit of KRW 23 billion, or about …

A visualization of Apple’s market cap and cash [infographic]

January 31st, 2012

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 quarter ever reported by a technology company, and the second most profitable quarter reported by any U.S. firm. With a market capitalization that now sits in excess of $420 billion, …

Samsung’s Q4 delivers record $4.7 billion in profit on $42 billion in revenue

January 26th, 2012

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 an operating profit of 5.3 trillion won, or approximately $4.72 billion USD, on sales of 47 trillion won, or approximately $42 billion USD. Samsung had never reported a profit of …

Nokia reports huge €1 billion Q4 loss, says over 1 million Lumia phones sold

January 26th, 2012

Nokia on Thursday reported earnings for the fourth quarter of 2011, revealing its third straight quarterly loss but beating analyst estimates. The company saw revenue slide 21% year-over-year to €10 billion, and profit dropped from €884 million in the fourth quarter 2010 to a €954 million operating loss last quarter. Smartphone revenue dipped 38% compared to the same …

Google reports solid Q4 growth but misses revenue, EPS estimates

January 19th, 2012

Google on Thursday reported solid growth in the fourth-quarter of 2011, but the company missed earnings estimates and shares of Google stock took a hit as a result. The Mountain View, California-based company pulled in $8.13 billion in revenue during the December quarter, up 25% from the same quarter in 2010, and earnings came in at …

Sony Ericsson posts Q4 loss, blames ‘intense competition’

January 19th, 2012

Sony Ericsson on Wednesday posted a €247 million loss, blaming “intense competition, price erosion and restructuring charges” for its poor results. While the Swedish joint venture did continue to make headway in the smartphone market, noting a 67% increase in Android-based Xperia smartphone sales compared to the fourth quarter in 2012, the average selling price of …

‘iPhone frenzy’ to drive huge Q1 for Apple

January 18th, 2012

By all accounts, Apple is preparing to report the biggest quarter in the company’s storied history on January 24th, fueled by solid Mac sales, strong iPad demand and unprecedented iPhone sales. And despite Wall Street’s high expectations, a number of analysts are still expecting Apple to beat the Street when it reports its first fiscal quarter earnings …

Motorola Mobility misses Q4 estimates on shipments of 10.5 million phones

January 6th, 2012

Motorola Mobility on Friday revealed preliminary results for the fourth calendar quarter of 2011. When the vendor reports its full results on January 26th, it will miss analysts’ sales forecast with revenue of approximately $3.4 billion and what Motorola referred to as “modest profitability” in a statement on Friday evening. Motorola shipped 10.5 million mobile phones …