Hasta La Gadget!

Microsoft revealed its fiscal Q4 2013 financial earnings today, and the company raked in a healthy revenue, for which they even got to keep a nearly a quarter of for themselves, but it wasn’t all roses, however. Microsoft’s Surface RT took a huge hit, and the company lost $900 million just on the device itself due to “inventory adjustments.”

The $900 million loss is huge, and it comes out of Microsoft’s total Windows revenue for the quarter, but lucky for them, Windows revenue still grew compared to last quarter, as well as year-over-year. This means that Windows 8 sales most likely made up for the Surface RT’s poor sales over the past year.

However, Microsoft didn’t give specific Windows 8 sales or revenue numbers for the new operating system, but we may hear more on that in the near future. The huge loss for the Surface tablet comes just a few days after the company announced a big $150 discount on the tablet in order to increase sales, but it wasn’t quick enough to improve the situation before Microsoft’s earnings call today.

Overall, Microsoft raked in $19.90 billion this past quarter, and got to keep $4.87 billion of it as cold, hard profit. Revenue for this quarter surpasses the same time last year when the company brought in $18.06 billion, and revenue for the entire year saw another increase yet again compared to last year.

Today’s earnings is also hot on the heels of the company’s recent reorganization that sees top-level execs shuffled around and changing responsibilities. Whether or not that will improve things over at Microsoft remains to be seen, but it’s said that former Xbox head Don Mattrick left the company because of the changes.

SOURCE: Microsoft

Surface RT losses sting in Microsoft’s Q4 2013 is written by Craig Lloyd & originally posted on SlashGear.
© 2005 – 2013, SlashGear. All right reserved.

For the last several months Google’s stock price has been surging, getting increasingly close to the $1,000 mark. And when monstrous revenues like this keep rolling in, it’s easy to see why. In Q2 of 2013, the internet giant pulled in $14.11 billion in revenue, an increase of 19 percent year-over-year. Of that massive haul, all most all of it (93 percent) was generated directly by Google properties, most notably massive advertising networks — $12.1 billion of its gross was thanks to advertising. Motorola’s efforts equate to just less than $1 billion in revenues, but the $998 million it pulled in is not an inconsequential improvement over Q2 2012’s $843 million. Even with that modest increase, however, Moto still posted an operating loss of $342 million. That’s notably worse than the $199 million lost during the same quarter last year. While this wasn’t a record setting quarter for Google, it’s certainly not far off from its Q4 2012 mark of $14.46 billion, and marks a small increase sequentially.

Net income also remained strong, with the Mountain View team pocketing $3.23 billion. Again, not a record high, but not far off from the $3.55 billion in Q1, and a pretty impressive jump year-over-year from $2.79 billion. While a significant chunk of Google’s cash is generated here in the good ol’ US of A, the international markets are still treating the company quite well. In fact, a full 55 percent of revenues ($7.2 billion) were earned overseas. While cost-per-click continued to decline for the company, by 6 percent from last year, the number of paid clicks was up more than enough to compensate — an impressive 23 percent. And, should Google’s fortunes suddenly turn, it has a war chest of $54.4 billion stashed away for a rainy day.

We’re listening in to the earnings call at 4:30 PM ET today and you’ll find updates from that after the break.

Filed under: Internet, Mobile, Google

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Source: Google

After BlackBerry’s disastrous earnings a couple of weeks back, Nokia and Microsoft have clear bragging rights over third place in the ecosystem war — but does a bronze medal earn you any cash? The Finnish manufacturer has reported declining Q2 2013 revenues of €5.69 billion ($7.4 billion) compared to the $9.2 billion earned in the same quarter last year. The good news is that the huge financial losses of 2012 seem to be gone, with today’s reported loss standing at just €115 million ($150 million), all of which can be laid at the feet of Nokia’s devices and services division.

Meanwhile, the company’s smartphone sales seem to be growing thanks to fresh Lumia models like the 520, 620 and 720 — with a total of 7.4 million Windows Phone 8 devices sold in the quarter. For context, that’s significantly more than the 6.8 million units BlackBerry could boast in its latest report. It’s also a big improvement on the 5.6 million in Lumia sales from Q1 and the 4.4 million sold in Q4 2012. However, the Asha division saw sales slip down from 5 million last quarter to 4.3 million now. Oh, and if anyone’s still in the market for a Symbian handset, better be quick — the company is reporting that sales of the phones are now “approximately zero.”

In other parts of the business, “Here,” Nokia’s renamed mapping division, lost €89 million ($116 million) while Nokia Siemens Networks made a slender €8 million ($10.4 million) profit. Looking forward, the company has said that it’s lowering its future estimates by two percent, saying that dwindling demand, higher operating expenses and “the macroeconomic environment” will all help to erode the company’s cash reserves. But hey, at least Microsoft’s still kicking in that $250 million in alimony platform support payments.

Filed under: Cellphones, Mobile, Nokia

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Source: Nokia (.PDF)

The closing bell has rung, and Yahoo has released its earnings for the second quarter of 2013. What’s the final verdict? Compared year-to-year over the same quarter last year, it’s mostly good news for the company: GAAP income is at $137 million (up 150 percent), while GAAP revenue comes in at $1.13 billion (down seven percent). GAAP net earnings came in at $331 million, which is a 46 percent increase from this time last year, while non-GAAP came out at $386 million, a six percent jump. Not bad, given the number of acquisitions the company made this quarter — nine, to be precise, including Tumblr.

In terms of other highlights from the earnings report, search revenue fell by nine percent year-over-year, while display revenue went down 12 percent. Net earnings per share jumped up 68 percent to $0.30. Full press release is below the break for your perusal.

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Right on schedule, Samsung has released its earnings estimates for Q2 2013 ahead of its full announcement later this month. And, as you might expect, the company made a lot of money: a tidy profit of 9.5 trillion won, or $8.33 billion dollars, to be exact. Naturally, that record-setting number is due in no small part to the success of the Galaxy S 4 and a strong showing by its components division as well. Should the estimate prove perfectly accurate, Q2 2013 will have been a significant improvement over last quarter’s $6.4 billion profit, and a massive $3 billion improvement over Q2 of 2012. Of course, we’ll get to see its full slate of numbers come July 26th when the financials are officially revealed, but it’s looking like Sammy’s doing just fine.

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Source: Reuters, Yonhap News