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Google reports huge Q3; revenue up 33%, profit up 26%

October 13th, 2011

Google announced its third quarter 2011 results on Friday, which surpassed analyst expectations. “We had a great quarter,” Google CEO Larry Page said. “Revenue was up 33% year on year and our quarterly revenue was just short of $10 billion,” Page explained, noting that the company’s brand new Google+ social network now has more than …

HTC profit up 68% in Q3, revenue climbs 80%

October 6th, 2011

HTC on Thursday announced unaudited consolidated results for the third quarter of 2011. The company said in a statement that revenue came in at NT$135.8 billion for the quarter, up 79.07% from the third quarter last year, and unaudited net income rose 68% year-over-year to NT$18.6 billion after taxes. Operating income climbed to NT$20.2 billion in the third …

Three-quarters of revenue among top apps now generated by in-app purchases

September 22nd, 2011

Freemium applications are driving in-app purchases according to a new report from Distimo, which was completed for the Verizon Developer Community. It is like getting a free ice cream sample at Baskin-Robbins: give a consumer a taste of something for free and then let them come back for more. Just 4% of all iPhone applications …

Sterne Agee: RIM’s Q2 may beat the Street, long-term still a concern

September 12th, 2011

As RIM prepares to report its earnings on Thursday for the second fiscal second quarter of 2012, all eyes are turning north following the Waterloo, Ontario-based vendor’s first-quarter report, which was something of a bloodbath. RIM’s first quarter performance wasn’t abysmal — the company did see gains in several international markets — but it missed …

RBC: RIM’s turnaround remains cloudy

September 8th, 2011

While sales of Research In Motion’s brand new BlackBerry 7 devices won’t be reflected in RIM’s second-quarter earnings report next week, analysts still aren’t sold that the device launches have positioned RIM to rebound. In a note to investors on Thursday morning, RBC Capital Markets analyst Mike Abramsky wrote that he expects RIM’s earnings in the …

BTIG upgrades Sprint rating based on valuation, potential iPhone 5 launch

August 9th, 2011

In a note to investors on Tuesday, BTIG Research analyst Walter Piecyk raised his rating on Sprint stock from Sell to Neutral without indicating a new price target. Piecyk had previously set his price target at $3.13, but noted that the stock now trades under five times BTIG’s 2012 earnings estimate, which is below consensus. The …

Apple's iPad will still dominate tablet market after a decade, Needham says

August 8th, 2011

Apple’s popular iPad line will still dominate the consumer tablet market a full decade after its initial launch, according to one analyst. In a new report, Needham analyst Charlie Wolf sees the iPad’s share of consumer tablet shipments declining gradually over the next nine years to 60% in 2020. 60%, of course, is still an overwhelming …