Hasta La Gadget!

Those looking for a win sooner than expected from Motorola in this week’s earnings announcements from Google will not be finding themselves overjoyed. According to Google’s report, GAAP operating loss for Motorola Mobile was up significantly compared to the same quarter last year, this shown in stark contrast to Google’s own operating income, the larger overarching company’s fortunes increasing at a rate that’s ever-so-slightly smaller than Motorola bleeds.

It would appear that though Google remains a growing business, they’ll be pushing for a big with with the upcoming hero phone “Moto X” when the company releases it later this year. As GAAP operating loss for Motorola mounted to $342 million in the second quarter of 2013 – compared to last year’s $199 GAAP operating loss during the same quarter, it’s nothing compared to the same quarters for non-GAAP operating loss. These same quarters had Motorola lose $49 million in the second quarter of 2012 and $218 million in the second quarter of 2013.

Google itself is doing quite a bit better with a GAAP operating income at $3.47 billion for the second quarter of 2013, up from a GAAP operating income of $3.44 billion this same quarter one year previous. As for non-GAAP operating income, Google hit $4.21 billion here in the second quarter of 2013 up from $3.99 billion one year ago.

We’ll see Motorola pushing not only the Moto X this next quarter, but three new DROID-branded smartphones with Verizon in the USA as well. It’s likely these devices will find themselves released in slightly modified iterations for international markets and/or non-Verizon carriers in the USA while Moto X leads the way through the end of the year. Have a peek at SlashGear’s Motorola tag portal for more through the future as well!

VIA: Google

Motorola loss mounts as Google places faith in Moto X is written by Chris Burns & originally posted on SlashGear.
© 2005 – 2013, SlashGear. All right reserved.

Microsoft revealed its fiscal Q4 2013 financial earnings today, and the company raked in a healthy revenue, for which they even got to keep a nearly a quarter of for themselves, but it wasn’t all roses, however. Microsoft’s Surface RT took a huge hit, and the company lost $900 million just on the device itself due to “inventory adjustments.”

The $900 million loss is huge, and it comes out of Microsoft’s total Windows revenue for the quarter, but lucky for them, Windows revenue still grew compared to last quarter, as well as year-over-year. This means that Windows 8 sales most likely made up for the Surface RT’s poor sales over the past year.

However, Microsoft didn’t give specific Windows 8 sales or revenue numbers for the new operating system, but we may hear more on that in the near future. The huge loss for the Surface tablet comes just a few days after the company announced a big $150 discount on the tablet in order to increase sales, but it wasn’t quick enough to improve the situation before Microsoft’s earnings call today.

Overall, Microsoft raked in $19.90 billion this past quarter, and got to keep $4.87 billion of it as cold, hard profit. Revenue for this quarter surpasses the same time last year when the company brought in $18.06 billion, and revenue for the entire year saw another increase yet again compared to last year.

Today’s earnings is also hot on the heels of the company’s recent reorganization that sees top-level execs shuffled around and changing responsibilities. Whether or not that will improve things over at Microsoft remains to be seen, but it’s said that former Xbox head Don Mattrick left the company because of the changes.

SOURCE: Microsoft

Surface RT losses sting in Microsoft’s Q4 2013 is written by Craig Lloyd & originally posted on SlashGear.
© 2005 – 2013, SlashGear. All right reserved.

Though Samsung’s financial quarter announcements this week showed the company to be kicking up a storm (metaphorically, of course), with the Galaxy S 4 family of devices on the market today, shares fell internationally at word that analysis projections were not met. This sort of thing isn’t unheard of, but to the lay person, it’s not the easiest thing to make simple sense of. Why, if Samsung’s quarterly profits are up 47% compared to this quarter last year, are investors spooked enough to kick down shares 4% in the Seoul stock market?

You’ll find The Guardian quoting analyst CW Chung from Nomura Financial Investment in Seoul speaking on how “because of the marketing costs, the telecommunications business was probably weaker than expected.” Meanwhile Bloomberg quotes analyst Neil Mawston, executive director of Strategy Analytics saying “Apple is suffering from iPhone fatigue, while Samsung is suffering from Galaxy fatigue.”

The latter quote was issued before earnings were sent out publicly by Samsung while the same source has Byun Han Joon, a Seoul-based analyst at KB Investment & Securities Co., speaking after the fact:

“It sharply missed the market expectation, and that worries me. The market was initially concerned about the third- and fourth-quarter results, but today’s news raises questions if the earnings are already in bad shape.” – Byun Han Joon

This analyst speaks on the idea that what Bloomberg quotes as a “58.6 trillion-won average of 38 estimates” as concerning when compared to Samsung’s actual sales at 57 trillion won in this most recent quarterly results report. Estimates appear more important right this minute than the fact that sales ramped up from 47.6 trillion won this same quarter a year earlier – that’s no bump to scoff at.

And know this – final results haven’t even been announced yet in full. Today’s report from Samsung is only a preliminary report on their full financial Q2 2013 results which will be announced on July 26th. It would seem instead that the company is only preparing the world for their full report which will appear on July 26th.

You’ll find more information on what Samsung spent is money on this newest quarter in SlashGear’s first story on the company’s day, there speaking more on the stock drop when it was just 3% where here final numbers for the day set stock at 4% lower than at the beginning of the day.

There is indeed a supposed “slow down” that could be attributed to smartphone fatigue. Samsung’s mobile business continues to grow, but down to 4-percent above the quarter before this one rather than the 8-percent of that quarter compared to the one before it.

Samsung will be kicking out somewhere around 20 million Galaxy S 4 unit sales with 100 million units being eyed for the all-time unit sales record – eventually, that is. And it’s Jung Sang-jin, a fund manager at Dongbu Asset Management, (owner of Samsung shares) quoted by Reuters, that puts the situation in a rather clear light:

“Is Samsung’s smartphone story now over? Not quite yet. It’s growth is indeed slowing due largely to disappointing sales of the S4. Yet I think Samsung has some exciting stuff up its sleeves. The problem is no one is sure whether these products can really wow investors and consumers.” – Jung Sang-jin

Encouraging enough for you? We’ll see how the market reacts when Samsung actually truly does announce their real final numbers later this month.

Samsung’s Q2 2013 shows investors value analysis over record profit is written by Chris Burns & originally posted on SlashGear.
© 2005 – 2013, SlashGear. All right reserved.

Dell has reported is Q1 2014 fiscal year earnings for the quarter, and things aren’t looking to grand for the sliding PC company. They only had a slight drop in revenue compared to last year, but income and EPS took a nose dive in the deep end, with as much as an 81% drop with the company’s EPS compared to the same time last year.

In total, Dell brought in $14.07 billion in revenue, but were only able to keep $372 million of it for themselves. This is down 51% from the same time last year, where they were able to profit $761 million. Operating profit also took a slide, down to $590 million from $1.01 billion from last year.

It’s certainly not a good end to what is possibly Dell’s last quarterly earnings report as the company is currently planning to go private again later this year, thanks to a generous loan from Microsoft, but it’s possible we could hear from them again in three months if the buyout doesn’t happen sooner.

Of course, Dell has mostly been spending its time making computers, but as the company admitted themselves, the PC industry is on the decline, and sooner or later the company is going to have to rethink their strategy if they want to remain in the black. Then again, a positive attitude is the biggest factor in success, right? Hopefully Dell can keep a smiling face on during these trying time.

According to HP, Dell has “a tough road ahead of them,” which could just be HP’s way of saying, “we’re coming after you,” but it seems that statement could go both ways. Dell’s own buyout could spell trouble for the company, but it’s ultimately a move that we’ll simply just have to wait and see how it turns out.

Dell Q1 2014 earnings show steep drop in income is written by Craig Lloyd & originally posted on SlashGear.
© 2005 – 2012, SlashGear. All right reserved.

Sony has reported its fiscal year Q4 2012 quarterly earnings results, and the company ended up in the black for the first time in five years, earning its first full-year profit since their 2008 fiscal year. However, the increased income surprisingly comes after the company experienced lower revenues for its camera, gaming, and home entertainment products.

As for the figures, Sony raked in $458 million in net profit for the year on $72.35 billion of revenue during the 12-month period. Sony originally predicted a net profit of $404 million, so the company certainly did better than they expected at first. It certainly beats a $5.7 billion loss the previous year.

Sony reported lower sales of several different product categories, including compact cameras, LCD televisions, and PlayStation gaming consoles. The PlayStation department brought in only $18 million of operating profit for the company, while compact cameras brought in $15 million. TVs also saw a loss at $897 million.

However, Sony raked in $509 million of profit in their movie division, which was one of their most profitable categories for the year. Overall, Sony’s year-over-year revenue was boosted up 4.7%, and the company expects to turn a profit of over $500 million for this current fiscal year, as well as selling 42 million phones during the next 12 months.

Sony shows first profitable year since 2008 is written by Craig Lloyd & originally posted on SlashGear.
© 2005 – 2012, SlashGear. All right reserved.