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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Samsung’s complete earnings results for the April – June 2012 period won’t come out until July 27th, but Reuters reports its early guidance to investors estimates the company’s profit at a record 6.7 trillion won ($5.9 billion). That’s mostly due to strong sales of the ever-expanding (and increasingly targeted by lawsuits) line of Galaxy smartphones. Sales forecasts are slightly below earlier estimates, and while there’s no specific numbers for each division, a Bloomberg breakdown of analyst predictions suggests there should be more good news to go around later this month.

Continue reading Samsung expects record earnings for Q2 thanks to all those Galaxy phone sales

Samsung expects record earnings for Q2 thanks to all those Galaxy phone sales originally appeared on Engadget on Thu, 05 Jul 2012 20:34:00 EDT. Please see our terms for use of feeds.

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