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Netflix adds 610,000 DVD subscribers, beats Q4 estimates

January 25th, 2012

Netflix on Wednesday announced its earnings for the fourth quarter of 2011. The company noted $876 million in revenue, up 47% from the same quarter last year, and earnings per share of $0.73. Analysts had pegged the company to report revenue in the ballpark of $857.4 million and EPS of $0.54, Barron’s relayed. Netflix also said …

Texas Instruments to close plants in Texas and Japan

January 25th, 2012

Texas Instruments announced recently that, even though it reported better than expected chip sales during the fourth quarter of 2011, the company will shut down its plants in Texas and in Japan. Texas Instruments has seen an increased demand for its mobile chips but will close the two factories during the next 18 months while …

YouTube surpasses 4 billion video views per day

January 23rd, 2012

Google recently confirmed that YouTube now receives more than 4 billion video views per day. Reuters reported the news Monday morning and noted that the site has seen a 25% increase in videos viewed per day since May. Google, which owns YouTube, also confirmed that there are more than 60 hours of fresh video uploaded each minute, …

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 …

Hon Hai revenue jumps 19.9% in 2011

January 13th, 2012

Taiwanese manufacturer Hon Hai reported revenue growth of 19.89% year-over-year in 2011 and 37.5% quarter-over-quarter in the fourth quarter last year, Taiwan Economic News said Friday. Hon Hai recorded $10.5 billion in revenue for the month of December, $92 billion in revenue for the year and $30.5 billion in revenue for the full fourth quarter of …