Apr 08
HTC has announced that it made just $2.8 million in the first three months of 2013, which Bloomberg claims is its slimmest profit on record. More »
Jan 22
AMD earnings continue decline with $1.16 billion in Q4 revenue, $5.42 billion in 2012
Posted in: Today's Chili 
We can’t say AMD’s declining momentum was unexpected, but these results don’t necessarily have us excited about the future, nonetheless. For Q4, the company posted revenue of $1.16 billion, which is a 32-percent drop from the same period in 2011, netting a loss of 63 cents per share. For 2012 as a whole, the company’s revenue rang in at $5.42 billion — a 17-percent fall from the previous year, and a $1.60 loss per share. President Rory Read references evolution and diversification when discussing outlook, but it’s clear that the company needs to make some major adjustments before it can return to profitability. Let’s hope that AMD’s 2013 lineup, including the Temash and Kabini APUs, help to turn this company around. You’ll find full Q4 and 2012 earnings in the PDF at the source link below.
Via: The Next Web
Source: AMD (PDF)
Oct 24
AT&T sells 4.7 million iPhones and 1.4 million other smartphones, makes $3.6 billion profit in Q3
Posted in: Today's Chili 
AT&T’s third quarter figures have shown that the network certainly has a handle on this “selling smartphones” malarkey. In the last three months, it’s managed to ship 6.1 million smartphones, of which 4.1 million were iPhones — which has helped the company to maintain a turnover of $31.5 billion, just $0.1 billion below the previous quarter. Notably, net profits tumbled to $3.6 billion, down from $6.8 billion in Q2, but that’s easily explained away with a $3.8 billion share buyback scheme and the company’s continued cost of building new LTE infrastructure. It’s also managed to squirrel away $6.5 billion in cash under the mattress for a rainy day.
Digging into those numbers, it’s been able to add a new 678,000 new wireless customers to its business, making a total of 105.9 million users on its network. 44.5 million of those people, or 63.8 percent of ’em, are now smartphone users, and AT&T said it had a “record sales quarter” with Android and Windows Phone handsets. It also coaxed 200,000 new U-verse TV subscribers and 613,000 high-speed internet users to sign up with Ma ‘Bell. If you’d like to see Ralph de la Vega give you his personal take on the company’s rosy financials, then head on past the break — but be warned, at no point does he swim through a pool of money screaming “I’m king of the world!”
Filed under: Cellphones, AT&T
AT&T sells 4.7 million iPhones and 1.4 million other smartphones, makes $3.6 billion profit in Q3 originally appeared on Engadget on Wed, 24 Oct 2012 07:50:00 EDT. Please see our terms for use of feeds.
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Oct 18
While AMD wrestled to get back on the good foot last quarter, the Sunnyvale chip maker continued to struggle for the third three month financial period of 2012. While reporting $1.27 billion in revenue, the company still saw a ten percent sequential decrease and a 25 percent decrease year-over-year. The hurt not ending there, AMD’s graphics division saw a revenue decrease of seven percent sequentially and 15 percent year-over-year. “The PC industry is going through a period of very significant change that is impacting both the ecosystem and AMD,” said Rory Read, AMD president and CEO. Such words mirror that of longtime rival Intel, which also continues to struggle with a very unfriendly PC market. In an effort to rebound, AMD announced a restructuring plan to reduce operating expenses that will hopefully give the company more leeway to develop and produce new products and strategies.
Continue reading AMD reports $1.27 billion in revenue for Q3 2012
AMD reports $1.27 billion in revenue for Q3 2012 originally appeared on Engadget on Thu, 18 Oct 2012 16:55:00 EDT. Please see our terms for use of feeds.
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Jul 31
Panasonic’s financial year runs from summer to summer, so its first-quarter results for 2013 just hit the wire. The figures proudly show that the company has managed to turn around the losses it suffered so badly in the previous period — with $23 billion in turnover generating a tidy profit of $164 million. While sales dropped by six percent compared to the first three months of the year, it’s been reducing fixed costs and restructuring each segment of the business to ensure a return to profit making despite the worsening financial crisis in Europe. The company’s even been able to stick some cash into the savings account, tucking $16.6 million into the piggy bank for a rainy day.
Filed under: Home Entertainment
Panasonic’s 2013 Q1: things are looking up with a $164 million profit originally appeared on Engadget on Tue, 31 Jul 2012 03:33:00 EDT. Please see our terms for use of feeds.
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