Hasta La Gadget!

Still-in-turnaround-mode Sony has reported its earnings for the October to December period, and has recorded a net loss of about 10.8 billion yen ($115 million). It did however improve its revenue to $21 billion as the yen weakened, despite slower sales of items like HDTVs and Blu-ray players. Key for Sony is that it managed an operating profit for the quarter of 46.4 billion yen ($496 million) and remains on track to make its business profitable in the next financial year.

Despite Sony’s best efforts — which include initiatives that you’ve heard about like its Triluminos HDTVs, PlayStation Mobile for tablets and phones, 4K and new software for the Vita — it’s cut sales targets in all of those divisions. Projected sales for TVs and cameras fell by 1 million units each, and portable game players by 3 million, as noted by Bloomberg. It’s been a year since Kaz Hirai took the reins, and with his “One Sony” restructuring plan well underway and (what everyone suspects is) a PlayStation 4 event around the corner, 2013 is as important a year as the company has ever had. We’ll check in for more info on the earnings call in just a bit, for now you can paw through all the numbers yourself in the slides and reports linked below.

Filed under: Cellphones, Displays, HD, Mobile, Sony

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Source: Sony Q3 earnings (PDF), Slides

Toshiba’s latest numbers may not reach the dizzying heights of last quarter, but at least it’s not back to filling out its spreadsheets in red pen. The company is announcing profits of $322 million from net sales of $14.9 billion. A big chunk of that change came from Tosh’s “social infrastructure” division, which produces power plants, medical systems and radiation detectors — while its home entertainment and computing divisions sat and watched profits continue to decline. Toshiba has maintained the cut-back forecast it made in October, expecting annual net profits to be around $1.2 billion, more than enough for it to send you a cute bug-eyed robot for your next birthday.

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Source: Toshiba (PDF)

The fiscal 2013 Q3 numbers from Logitech are in, and according to new CEO Bracken P Darrell, the “disappointing” results will require immediate action to turn around — action that includes selling off its remote control (read: Harmony) and digital video security divisions. Logitech notched an operating loss of $180 million, on sales of $615 million. At this time last year, we were still looking forward to a refresh of the line which resulted in the Harmony Touch, but that does not appear to have turned things around. Harmony remote sales fell off by 55 percent based on units, although a focus on higher end devices like the new Touch meant revenue declined only 24 percent.

According to a slide in the presentation, after a strategic review, Logitech is focusing on tablet accessories, wireless speakers as well as keeping its lead in PC-related products. Other “non-strategic” products are also on the chopping block, and we’d have to think that includes video conferencing after yesterday’s announcement. Current owners worried about potential support should be taken care of however, as a post by Darrell on the support forums indicates company will continue to provide support during the sale process and all current warranties are still in effect. There’s no word about a possible buyer, but we’ll be tuning into the earnings call tomorrow morning to see what additional information is revealed.

Filed under: Home Entertainment, HD

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Source: Logitech, Logitech Forum

Just as it predicted, NVIDIA’s earnings show revenue rose again in Q3, to a new record high of $1.20 billion, 15.3 percent higher than in Q2 up 12.9 percent from the same period last year. Its profits also grew accordingly, to $209.1 million, which should be no surprise thanks to its Tegra 3 chip’s place at the heart of tablets including Google’s Nexus 7 and Microsoft’s Surface for Windows RT, with more arriving daily. The Consumer Products division that includes the Tegra family and other hardware had a 27.6 percent rise in revenue for the quarter. Despite predictions of a slumping PC market, its consumer GPU unit had revenue up 10 percent from last quarter as Kepler based products reached into lower price points and notebook revenue rose. Riding high, the company has decided to issue dividends to shareholders as well as extend its current stock repurchasing program. Hit the source links for the full breakdown, but so far NVIDIA’s bets on the future of its chips in PCs and post-PC devices seem to be paying off.

Continue reading NVIDIA’s revenue hits a record $1.20 billion for Q3 powered by Tegra 3 tablets, Kepler GPUs

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

NVIDIA’s revenue hits a record $1.20 billion for Q3 powered by Tegra 3 tablets, Kepler GPUs originally appeared on Engadget on Thu, 08 Nov 2012 19:17:00 EDT. Please see our terms for use of feeds.

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US Cellular’s latest figures show that while the network saw its revenues remain constant, net profits fell by nearly half compared to the same period last year. It coined $35.5 million in net profit this quarter, down from the $62.1 million it made in Q3 2011 despite bringing in $1.04 billion in turnover both times. The cause of this reduced profitability is said to be down to higher subsidies on LTE devices, which represented a full 50 percent of the company’s smartphone sales in the quarter.

While the carrier has reversed the trend of losing customers, it only managed to add a rather measly 9,000 new customers in the three-month period. That could be part of the motivation behind US Cellular selling off a big chunk of its Midwestern operations to the now cash-rich Sprint — so it can concentrate on areas where business is stronger.

Filed under: Cellphones, Wireless, Mobile

US Cellular takes hit on LTE devices, profits halved to $35.5 million in Q3 2012 originally appeared on Engadget on Wed, 07 Nov 2012 07:59:00 EDT. Please see our terms for use of feeds.

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