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Manufacturing behemoth Foxconn (Hon Hai) has announced a record net loss of $226 million on turnover of $2 billion for the first half of the year. Unsurprisingly, it attributed the loss to the European debt crisis, global economic slowdown and its customers “continuous struggle” for market share. While it made a big push to encourage new customers, capacity far outstripped demand. In order to stem the tide, it’s relocating some of its Shenzhen-based facilities to sites in Northern China — and it’s also in talks with carriers to become an ODM, building white-label smartphones in the same way that Huawei and ZTE do. While the loss isn’t a rosy picture, the company does have nearly $2 billion stashed in the bank, so it shouldn’t be worrying too much.

Filed under: Cellphones, Tablets, Mobile

Foxconn announces $226 million half-year net loss, blames usual suspects originally appeared on Engadget on Tue, 28 Aug 2012 06:05:00 EDT. Please see our terms for use of feeds.

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After a couple of down quarters in a row, Dell needed to come out strong in Q2 of fiscal year 2013. Well, it’s probably not as glowing a quarter as the company was hoping for, but a slight rebound in profits from last quarter should give it something to smile about. Revenue was up roughly $100 million sequentially, which translated into an equal amount of additional profit. After netting just $635 million in income during Q1, Dell banked $732 million in Q2 of 2013. Year-over-year, however, things are a little less rosy. Revenue was down eight percent and net income a worrisome 18 percent. Still, while its consumer arm continues to struggle (where revenue is down 22 percent), its enterprise services division continues to grow, raking in $4.9 billion this quarter — up six percent from the same time last year and matching its previous record. The company expects revenue to continue to fall next quarter, but expects good things from it Enterprise Solutions, Services and Software division going forward. For more financial particulars check out the PR after the break.

Update: Dell’s slide deck — partially shown above — unsurprisingly points out that Windows 8-based Ultrabooks, all-in-one desktops and tablets are on deck, but it also mentions a mysterious “converged device” segment as well. Hmm.

Continue reading Dell reports Q2 earnings: rakes in $14.5 billion of revenue, nets $732 million in profit

Filed under: Misc. Gadgets

Dell reports Q2 earnings: rakes in $14.5 billion of revenue, nets $732 million in profit originally appeared on Engadget on Tue, 21 Aug 2012 16:18:00 EDT. Please see our terms for use of feeds.

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Acer rose a place to become the world’s third biggest PC maker this quarter, with net profits rising to $14.48 million, up from $11.2 million last quarter. It’s the second positive period since it ended 2011 with a $212 million loss, but the financial crises in the US, Europe, China and Asia Pacific all hampering its recovery. Like many of its PC brethren, it’s pinning hopes on Windows 8 to spark a buying frenzy, but thanks to tight margins, only expects profits to be “on par” with those it’s just announced.

[Image Credit: Wikimedia Commons]

Continue reading Acer scrapes $14.5 million in profit as it becomes world’s third biggest PC maker

Filed under: Desktops, Laptops

Acer scrapes $14.5 million in profit as it becomes world’s third biggest PC maker originally appeared on Engadget on Fri, 17 Aug 2012 07:47:00 EDT. Please see our terms for use of feeds.

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When it comes to technology and the end of a financial quarter, you can bet your wage there’ll be an analyst report or two letting you what’s what. And according to Gartner’s latest estimates for Western Europe, PCs didn’t fare too well in Q2 of this year, with a 2.4 percent decrease in shipments compared with the same period in 2011. Consignments of mobile PCs (read: not tablets) grew by 4 percent, while desktops floundered, dropping 12.8 percent. Of this, a minor growth of 0.4 percent was recorded in consumer PCs, while the professional market decreased by 5.3 percent. Among the big hitters, HP remained at the top of the pile despite losing some market share, and Acer remained in second position with a mild increase in the same. ASUS put in a healthy performance, moving the company up to bronze medal position, while Dell dropped off the podium to fourth. The vendor statistics for the whole region were echoed in France in Germany, but during the quarter Apple managed to break into the top five in the UK market. Meike Escherich, principal analyst at Gartner, attributes the overall performance to economic uncertainty in the region, as well as lackluster demand in the wait for Windows 8 machines. We don’t want to spoil all the fun, so a comprehensive breakdown of the numbers awaits you at the source link.

Filed under: Desktops, Laptops

Gartner reports Western Europe desktop shipments down, portable PCs up in Q2 2012 originally appeared on Engadget on Thu, 09 Aug 2012 14:39:00 EDT. Please see our terms for use of feeds.

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The results for T-Mobile USA’s second quarter of 2012 are in and first up is the bad news — reported net customer losses of 205,000 are more than the 50,000 lost in the same period last year, and more than give back the growth reported in Q1. Of course, the carrier is banking on strategic initiatives to launch LTE service and expand coverage thanks to that AWS spectrum its receiving from AT&T and Verizon (if the deal is approved) to turn all that around, and those plans are still on track. Other high points for the quarter included the launch of Samsung’s Galaxy Note and Galaxy S III, as well as a host of other handsets. Also it announced the opening of it’s 1,000 T-Mobile Premium Retailer store, started pushing its prepaid and Monthly4G services at Dollar General Stores, launched two new mobile broadband data plans and added two MVNO partners. All the details are in the press release after the break, although it seems that as busy as T-Mobile has been putting pen to paper, investors will have to keep waiting to see the benefits.

Continue reading T-Mobile USA Q2 2012 results show net customer losses of 205k, progress on LTE and AWS

Filed under: Cellphones

T-Mobile USA Q2 2012 results show net customer losses of 205k, progress on LTE and AWS originally appeared on Engadget on Thu, 09 Aug 2012 02:25:00 EDT. Please see our terms for use of feeds.

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