Hasta La Gadget!

We’ve already seen quite a few companies lower their forecasts in the wake of the Thailand floods and subsequent hard drive shortage, and it unsurprisingly looks like Intel is no exception. The company issued a press release today advising that its fourth quarter revenue is now expected to come in at $13.7 billion, plus or minus $300 million, and not $14.7 billion (plus or minus $500 million) as previously expected. If you do the math, that means the company is taking around a $1 billion hit in revenue, due largely to a reduction in the worldwide PC supply chain that’s led to a drop in processor purchases. According to Intel, thing should begin to turn around in the fourth quarter, when it expects computer sales to be “up sequentially,” although it notes that hard drive shortages are expected to continue into the first quarter, with a recovery anticipated to take place over the first half of 2012. The company’s full statement is after the break.

Continue reading Intel cuts Q4 revenue forecast by $1 billion due to hard drive shortages

Intel cuts Q4 revenue forecast by $1 billion due to hard drive shortages originally appeared on Engadget on Mon, 12 Dec 2011 20:46:00 EDT. Please see our terms for use of feeds.

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The quarterly earnings stats just keep rolling in today — this time, from Lenovo, which has just posted yet another stellar report. According to the company, profits for the second quarter of this year reached $145 million, marking an 89 percent increase over the same period last year. Consolidated sales, meanwhile, rose by 35.8 percent to a record $7.8 billion, giving Lenovo a worldwide quarterly market share of 13.5 percent, also its highest ever. Laptops, not surprisingly, were at the forefront of this surge, accounting for 57.5 percent of the company’s total revenue, with PC shipments rising 35.4 percent over the year. Lenovo also saw a 25.4 percent increase in shipments to China, as well as a 54.5 percent year-over-year increase in shipments to mature markets, including Western Europe and the US. For more statistical delights, check out the full PR, after the break.

Continue reading Lenovo posts Q2 earnings, sees increase in profits, shipments and market share

Lenovo posts Q2 earnings, sees increase in profits, shipments and market share originally appeared on Engadget on Wed, 02 Nov 2011 04:56:00 EDT. Please see our terms for use of feeds.

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Motorola Mobility has issued a regulatory filing outlining the loss of 800 jobs. The cut will cost the handset manufacturer $31 million — that number includes $27 million in severance and $4 million to close locations. The reason for the cuts? Bloomberg suggests that it’s part of an attempt to lower costs, as the company readies itself to join the Google family — a decision Motorola’s board will vote on in the middle of next month. This news follows last week’s earnings report, in which the mobile company reported a $32 million net loss — not the greatest financial report, sure, but a marked improvement over the prior quarter’s $56 million loss.

Motorola Mobility to drop 800 jobs originally appeared on Engadget on Mon, 31 Oct 2011 09:15:00 EDT. Please see our terms for use of feeds.

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Hon Hai sees profit fall nine percent in Q3, pins hopes on new Chinese factories originally appeared on Engadget on Mon, 31 Oct 2011 05:26:00 EDT. Please see our terms for use of feeds.

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Ready for more dollars and cents earnings news? It’s Samsung’s turn, and when it comes to phones the news couldn’t be better, where it notched an operating profit of $2.3 billion on record sales. Unfortunately, other parts of its massive business selling displays, memory chips, appliances, and more weren’t as profitable, leading a quarterly profit of $3.8 billion, down 13% from the same period last year. We’ll wait for a press release in English for more details, for now you can paw through bar graphs and figures in the accompanying slides.

Update: Now with English language press release included after the break.

Continue reading Samsung’s Q3 2011 overall profit falls despite incredible phone sales

Filed under: Cellphones, HDTV

Samsung’s Q3 2011 overall profit falls despite incredible phone sales originally appeared on Engadget on Thu, 27 Oct 2011 21:57:00 EDT. Please see our terms for use of feeds.

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