Hasta La Gadget!

It’s hard to believe its been just three months since we were here last, but it’s true. It’s already earnings season again and, in the feast of financial conference calls, Apple is an entree. Not surprisingly, Cupertino was raking in the big bucks yet again, but it wasn’t quite the windfall of revenue the company has seen in the past. All told the company pulled in $35 billion in revenue, pocketing $8.8 billion of that as pure profit, a record for both in Q3. But, just cause it wasn’t quite as lucrative a quarter doesn’t mean the boys in Cupertino aren’t happy with the results. Profits were up $1.5 billion from Q3 of 2011, once again allowing the company to declare yet another cash dividend for its share holders. During the last three months the company shipped 17 million iPads, an 84 percent increase over the same quarter last year — a simply staggering number. And don’t think that its other premier gadget has plateaued. 26 million iPhones were also sold, representing a 28 percent increase year-over-year. Interestingly, Mac sales slowed, increasing just two percent over last year, largely thanks to a 13 percent drop off in desktop sales.

The biggest money maker for the company continues to be the iPhone and its related products and services, however. More than $16 billion of the total revenue is directly attributable to the smaller member of the iOS family. The iPad is quickly closing the gap, netting Apple over $9 billion in this quarter alone. As a percentage of revenue, the iPod continued to decline, marking the slow death of the once flagship product line.

While revenues were down sequentially, it’s the year-over-year numbers that tell the real story and that explain why, for the second quarter in a row, Apple is able to award its investors a $2.65 per-share dividend. Revenue was up $9.5 billion from Q3 of 2011 and net income by $1.5 billion, as the company has continued to increase its market share and open up to niches to itself. For the next quarter Apple actually expects a small drop in both revenue and earnings per-share, but not enough that we expect Wall Street types to start yelling, “sell, sell, sell!”

Continue reading Apple announces Q3 2012 earnings: $35 billion revenue, $8.8 billion in net profits, declares another dividend

Filed under: Cellphones, Desktops, Laptops, Tablet PCs

Apple announces Q3 2012 earnings: $35 billion revenue, $8.8 billion in net profits, declares another dividend originally appeared on Engadget on Tue, 24 Jul 2012 16:30:00 EDT. Please see our terms for use of feeds.

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Microsoft has just dropped its Q4 2012 earnings report and things are looking pretty darn good… depending on your angle. The company reported a record fourth quarter revenue of $18.06 billion, but did suffer a net loss over the last three months of $492 million. While the net loss was in stark contrast the net profit of $5.87 billion from the same time last year, Microsoft is still optimistic heading towards the launch of Windows 8 and its sibling mobile platform. And who can blame them, the new OS is sure to drive plenty of consumers to their local Best Buy with fists full of cash. And, it’s easy to paint a rosy picture as long as revenues continue to grow, as they did by roughly $700 million compared to Q4 2011, and roughly $600 million sequentially. It’s also important to realize that that loss is due to a one-time “goodwill impairment charge” associated with the collapsed aQuantive deal that set Redmond back $6.2 billion.

A good chunk of the revenue increase is thanks to the company’s Business and Server divisions, which saw growths of seven and 13 percent, respectively. Income from the Entertainment and Devices division, which makes up a much smaller chunk of revenue over all at just $1.78 billion, also grew dramatically year-over-year, largely because of the inclusion of Skype.

Alongside Q4’s results, Microsoft also released its year-end financials and, while that $6.2 billion lump drove profits down, revenues were up by $3.76 billion from 2011. Even with the aQuantive related hit, Redmond still managed to post a net income of $16.98 billion for the year. For all the finer financial details hit up the source link.

Filed under: Misc. Gadgets

Microsoft announces record Q4, $18.06 billion in revenue originally appeared on Engadget on Thu, 19 Jul 2012 16:05:00 EDT. Please see our terms for use of feeds.

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Last year at Google IO, the company was bragging that it had racked up 160 million Chrome users. Since then, that number has nearly doubled, with the company claiming 310 million active users. Those consumers download roughly 1TB of data per day and type about 60 billion words according to Mountain View’s crack team of analysts. The company even claims that 13 years of time have been saved thanks to the magic of Chrome’s speedy rendering engine.

Check out our full coverage of Google I/O 2012’s developer conference at our event hub!

Chrome tops 310 million users, almost 100% growth over last year originally appeared on Engadget on Thu, 28 Jun 2012 13:18:00 EDT. Please see our terms for use of feeds.

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