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profit

HTC profit dives 26% in Q4 on stalled smartphone sales

January 6th, 2012

As Samsung reported record preliminary results on Friday, rival HTC revealed a sharp drop in profit for the fourth quarter that the company foreshadowed this past November. The Taiwan-based phone vendor reported unaudited operating income of NT$11.02 billion, down 26% from the same quarter a year prior, and down year-over-year for the first time in …

Samsung racks up record Q4 profit on huge smartphone sales

January 6th, 2012

Samsung shipped an estimated 35 million smartphones in the fourth quarter — up from 27.9 million in the third quarter when it passed Apple to become the top smartphone vendor in the world — pushing the South Korea-based company toward record profits. The firm reported its preliminary results for the fourth calendar quarter on Friday, …

RIM beats Q3 earnings; Q4 guidance worse than expected

December 15th, 2011

Research In Motion on Thursday reported earnings for the third quarter of fiscal 2012. The struggling smartphone vendor announced earlier this month that it would miss its third-quarter guidance of between $5.3 billion and $5.6 billion in revenue, and it said EPS would likely be in line with the low end of its earlier guidance. …

Acer narrows focus as chairman sees ultrabooks slowing Apple’s growth

December 15th, 2011

Acer will cut its product line by 66% in 2012 and focus on simplifying its portfolio, company chairman JT Wang recently said according to reports. Wang expects the narrowed focus to be fine-tuned over the next two to three years, DigiTimes reports, but the sharper vision will have an immediate impact on sales — Acer …

HTC revenue dips 30% in November on slowed smartphone sales

December 6th, 2011

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 …

With just 4% of mobile market, Apple owns 52% of profits

November 4th, 2011

Apple’s iPhone accounted for just 4.2% of the mobile handsets shipped in the third quarter of 2011, but the company still managed to rake in more than half of the industry’s profits. Among the eight top cell phone vendors in the world, Canaccord Genuity analyst Mike Walkley said Apple accounted for 52% of total operating …

Sony forecasts fourth consecutive annual loss as Q2 misses

November 2nd, 2011

Sony on Wednesday lowered its full-year guidance from its earlier forecast of a 60 billion yen profit to a 90 billion yen loss following second fiscal quarter earnings that missed projections. Sony was surprised by a 27 billion yen loss in its September quarter compared to a 31 billion-yen profit in the same quarter last …

HTC reports record Q3, smartphone shipments up 93%

October 31st, 2011

HTC on Monday reported a record third quarter that saw profit grow 68% on shipments of 13.2 million handsets, up 93% from the same quarter last year. Revenue grew 79% year-over-year to NT$135.82 billion and profit grew to NT$18.68 billion, or NT$22.07 per share. HTC has shown six consecutive quarters of revenue growth. The average selling price …

Samsung blows past Apple to take No. 1 smartphone spot in Q3

October 28th, 2011

Following Samsung’s third-quarter earnings report on Friday morning, the South Korea-based electronics giant is now confirmed to have passed Apple to become the top smartphone vendor in the world by volume. Reports from last week suggested Samsung had bested Apple’s stalled smartphone shipments during the September quarter to take the No. 1 spot, and now …