Hasta La Gadget!

Intel is back to its old games in Q2 of 2012, raking in $13.5 billion during the second three month financial period of the year, up from $12.9 billion in the first quarter and a solid five percent year over year. Of that impressive pile of cash, Chipzilla was able to pocket $2.8 billion in net income, up $100,000 from Q1 and three percent from the same time period last year. That equates to a healthy $0.57 per share in earnings, which should make investors happy. PC Client Group enjoyed slow but steady growth, seeing its revenues grow by three percent, but the big story is the Data Center division wich saw revenues climb 14 percent to $2.8 billion, sequentially.

It’s not all wine and roses however, the processor giant also lowered its expectations for Q3 after falling slightly short of its goal this quarter. Growth is expected to continue, but at a much slower rate thanks to the “challenging macroeconomic environment.” Of course, an estimated $14.3 billion in Q3 would match its previous earnings record and is hardly anything to sniff at.

During today’s earnings call Paul Otellini took time to brag about well the current generation of products was performing. Production had ramped up quicker than previous lines, and was selling better than earlier lines of CPUs. And, though he gave no specifics, he said the company tracking at least 20 Windows 8 tablets powered by Intel’s hardware.

Continue reading Intel reports Q2 earnings: rakes in $13.5 billion, pockets $2.8 billion

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Intel reports Q2 earnings: rakes in $13.5 billion, pockets $2.8 billion originally appeared on Engadget on Tue, 17 Jul 2012 16:11:00 EDT. Please see our terms for use of feeds.

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The last quarter has been about as rough as they come for RIM, and it’s now detailed just how things stacked up in terms of hard numbers. For the first quarter of its 2013 fiscal year, the company brought in $2.8 billion in revenue, down a full 33 percent from the prior quarter, while it reported a net loss of $518 million — much worse than analysts were expecting. What’s more, it’s also announced that it’s cutting an additional 5,000 jobs as part of its ongoing restructuring efforts, and that the first BlackBerry 10 smartphones now won’t launch until sometime in the first quarter of the 2013 calendar year (that includes a QWERTY model launched in “close proximity” to the touchscreen-only device). As for why, RIM only went as far as to say that the integration of some key BlackBerry 10 features and the “associated large volume of code” has “proven to be more time consuming than anticipated.” For his part, though, CEO Thorsten Heins says he remains “confident that the first BlackBerry 10 smartphones will provide a ground-breaking next generation smartphone user experience,” and that he’s “encouraged by the traction that the BlackBerry 10 platform is gaining with application developers and content partners.” He further notes that the response to BB10 from key carrier partners has “been very positive.”

In terms of its existing devices, RIM reports that BlackBerry smartphone shipments (not sales) for the quarter totaled 7.8 million, while there were about 260,000 PlayBooks shipped — on the company’s earnings call, Heins noted that the total BlackBerry subscriber base now stands at 78 million. Not surprisingly, the company is warning of more bad news to come. It says it expects the “next several quarters to continue to be very challenging,” with everything from the “increasing competitive environment,” lower handset volumes, impact from the BlackBerry 10 delay, and the company’s plans to “continue to aggressively drive sales of BlackBerry 7 handheld devices” expected to cut into its bottom line. In another bit of news, the company also announced that it has appointed Steve Zipperstein, Verizon’s former General Counsel, as its new Chief Legal Officer. You can find the full earnings report at the source link below.

RIM announces Q1 earnings: $518 million net loss, 5,000 job cuts, BB10 not due until Q1 2013 originally appeared on Engadget on Thu, 28 Jun 2012 16:25:00 EDT. Please see our terms for use of feeds.

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