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PC maker Lenovo has reported its earnings for Q2, and there was plenty of good news: $8.7 billion in sales, a record high, a PC market share of 15.6 percent, it’s largest ever and operating profit of $206 million, 24 percent higher than the same period last year. The only bad news is that profit growth is slower than previous quarters, mostly due to Lenovo’s reaching into new markets like tablets, smartphones and connected TVs. for now however, Lenovo can claim the crown as world’s largest laptop PC maker, while desktop sales were also up five percent from last year. Its mobile internet division reported sales of $718 million, and is the second largest seller in China of smartphones and tablets. It’s also China’s number one PC vendor with sales outpacing the next four vendors combined and racked up double digit market share in the EMEA region for the first time. Check the press release after the break for all of the details, we’ll be back in a few months to find out how all that new Windows 8 hardware sold.

Continue reading Lenovo Q2 earnings reveal record high sales of $8.7 billion, highest-ever PC market share

Filed under: Cellphones, Desktops, Laptops, Tablets, Mobile, Lenovo

Lenovo Q2 earnings reveal record high sales of $8.7 billion, highest-ever PC market share originally appeared on Engadget on Thu, 08 Nov 2012 00:44:00 EDT. Please see our terms for use of feeds.

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The good news for Panasonic in its Q2 earnings release is that it managed to record a 48.8 billion yen ($613 million) operating profit, higher than last year. The bad news however is word of falling sales in its TV business, although we’re not hearing any confirmation of changes in its plans for mobile phones. New CEO Kazuhiro Tsuga is working a new restructuring plan that should help return divisions like its one for TV to profitability, but there will be costs upfront. The company revised its operating profit prediction for the year to 140 billion yen ($1.76 billion) based on the slower sales, and still is looking at a net loss for the year of 765 billion yen ($9.6 billion) due to deferred tax assets. Hopefully any cost-cutting doesn’t affect the quality of its Viera HDTV brand, but Panasonic will have to figure out some way to turn those stellar reviews into overall profits, even as the market continues to shrink. Our suggestion? Get some of those 8K Super Hi-Vision plasmas to market, ASAP.

Filed under: Cellphones, Home Entertainment, HD, Mobile

Panasonic shows $613 million operating profit for Q2, but lowers full year projections originally appeared on Engadget on Wed, 31 Oct 2012 04:16:00 EDT. Please see our terms for use of feeds.

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RIM may have given us hope that its transition to BlackBerry 10 has turned a corner, but that doesn’t mean the dark clouds have entirely broken just yet. The company’s second fiscal quarter saw it generate $2.9 billion in revenue, a slight gain over last quarter, while it posted a net loss of $235 million — again better than expected, but not the best news it could deliver. Waterloo’s main challenge was holding on to its smartphone base. While RIM did expand the total BlackBerry user base to 80 million, its phone shipments dropped from 7.8 million to 7.4 million and were braced by shipments of just 130,000 PlayBooks, or half as many tablets as were delivered in the spring.

The sunshine is mostly found in the total picture. RIM says it’s still on track to deliver the first BlackBerry 10 phones in early 2013; while the smartphone maker is bracing for an operating loss in its ongoing third quarter, the higher revenue and reduced losses suggest to CEO Thorsten Heins that RIM is getting its fiscal house in order before BlackBerry 10 (hopefully) renews interest. Full details of the company’s financial performance are available after the break.

Continue reading RIM posts Q2 earnings: $2.87 billion in revenue, softer $235 million loss

Filed under: Cellphones, Tablets, Mobile

RIM posts Q2 earnings: $2.87 billion in revenue, softer $235 million loss originally appeared on Engadget on Thu, 27 Sep 2012 16:09:00 EDT. Please see our terms for use of feeds.

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To say that HP is in a bit of a transitional period would probably be an understatement. As expected, the $8 billion hit it took over the EDS purchase severely impacted its bottom line. While revenue was down year-over-year to $29.7 billion, that five percent drop equated to a 568 percent decline in income as the company posted a loss of $8.9 billion. If not for the combined $10.8 billion in charges it was forced to absorb this quarter, the company’s net-income would have stood at $2 billion — which would have been a significant improvement over Q2’s $1.6 billion in profit. While such a staggering loss does appear bad, the non-GAAP results should give investors some hope, as the merger and layoff related charges are a one-time deal. Still, the outlook continues to be grim at the Personal Systems Group which has seen revenue drop 10 percent over the last year. The lone bright spot in the company’s line up appears to be its software division, where revenue has grown 18 percent year-over-year. CEO Meg Whitman issued a statement alongside the Q3 2012 earnings report looking to assuage nervous investors’ fears. “HP is still in the early stages of a multi-year turnaround, and we’re making decent progress despite the headwinds,” she asserts and assures that better days lie ahead. For more financial fun, check out the PR after the break and all the tables and charts you can handle at the source.

Continue reading HP exceeds Q3 expectations: rakes $29.7 billion in revenue, still posts a loss

Filed under: Misc. Gadgets

HP exceeds Q3 expectations: rakes $29.7 billion in revenue, still posts a loss originally appeared on Engadget on Wed, 22 Aug 2012 16:38:00 EDT. Please see our terms for use of feeds.

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An earlier portrait of the second quarter’s tablet market share made it quite clear that the iPad was on a rebound, if it was ever in a slump to start with. All those numbers focused on platforms and not brands, however — we didn’t know how the individual makers were doing. If IHS iSuppli’s figures are on the ball, there’s even more of a discrepancy if you break down the period’s results by manufacturer. The iPad staked out 69.6 percent of tablet shipments in the spring. That wasn’t just an 11-point jump over a year earlier; it was a level of share Apple hasn’t had since the Motorola Xoom was just cutting its teeth early in 2011.

As for the rest? Transformer Pads kept ASUS growing, but it’s not a pretty sight if you’re making an Android reader tablet; both Amazon and Barnes & Noble shed roughly a point and a half each, which is no small amount relative to their size. Samsung also lost share by this after its deliveries of Galaxy Tabs mostly stayed flat. We’d add that there’s some wiggle room as to real performance knowing that units shipped and sold aren’t always one and the same. Most of these companies are leaving clues regarding upcoming tablet refreshes that might level the playing field, some not so subtle, but it’s currently Apple’s game to win.

Filed under: Tablet PCs

IHS iSuppli: Apple iPad takes 69.6 percent of tablet brand market share in Q2, reader tablets take a bruising originally appeared on Engadget on Tue, 14 Aug 2012 17:14:00 EDT. Please see our terms for use of feeds.

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