Sep 15

RIM’s Q2 earnings report: $329 million in net income, not enough to fend off critics

Posted in: BlackBerry, breaking news, earnings, mobilepostcross, playbook, RIM, smartphone, Today's Chili

The first quarterly earnings report post-Wake Up Call have just been published for Canada’s own Research in Motion, and while the cash is still flowing, investors and analysts alike aren’t feeling too rosy about the future. Despite Q2 revenue of $4.2 billion and a GAAP net income of $329 million, RIM’s stock plummeted nine percent following the news. Why? That reality was at the lowest end of estimates, and as we’ve seen, it takes a blowout quarter to please the folks on Wall Street. Nevertheless, the company’s touting a subscriber base that ballooned 40 percent year-over-year (surpassing 70m total), and while it’s quick to trumpet the rollout of seven new smartphones, not a one of them managed to astound the QNX-desiring critics. The report also notes that 10.6 million handsets were moved in the quarter, around $780 million was invested as “part of a consortium of companies that successfully bid to acquire intellectual property assets from Nortel,” and it’s forecasting that BlackBerry smartphone shipments in Q3 will grow between 27 percent and 37 percent compared to Q2. Sadly, the company only “shipped” 200,000 PlayBook tablets, with the prevailing thought being that it actually sold far fewer. Moreover, nary a forecast was given for future PlayBook sales.

As for thoughts from the head honcho(s)? Jim Balsillie, Co-CEO, stated that “overall unit shipments in the quarter were slightly below our forecast due to lower than expected demand for older models,” further noting that his firm will “continue to build on the success of the BlackBerry 7 launch to drive the business as we focus our development efforts on delivering the next generation, QNX-based mobile platform next year.” Next year is a long, long way away, though, and there’s no doubt whatsoever what kind of competition will be in place by the time 2012 rolls around. We’ll be hopping on the analyst call here in a few, and you can look beyond the break for any notable mentions.

Continue reading RIM’s Q2 earnings report: $329 million in net income, not enough to fend off critics

RIM’s Q2 earnings report: $329 million in net income, not enough to fend off critics originally appeared on Engadget on Thu, 15 Sep 2011 16:39:00 EDT. Please see our terms for use of feeds.

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Sep 07

NVIDIA CEO sees major growth in mobile processing, quad-core tablets coming this year

Posted in: Android, android tablet, AndroidTablet, app, business, earnings, intel, market, Microsoft, mobile, money, NVIDIA, processor, qualcomm, smartphone, tablet, tegra 2, Tegra2, Today's Chili, Windows, windows 7, windows 8, Windows7, Windows8

During a sitdown with reporters yesterday, NVIDIA Chief Executive Jen-Hsun Huang discussed his company’s near- and long-term financial outlook, while providing some insight into the chipmaker’s quad-core future. According to Huang, NVIDIA expects to rake in between $4.7 and $5 billion in revenue during fiscal year 2013, with revenue from its mobile chip unit projected to mushroom tenfold by 2015, to a whopping $20 billion. Huang acknowledged that these predictions could be affected by external factors, including the ongoing patent wars between tablet and smartphone manufacturers, but didn’t seem too concerned about their immediate impact. “At this point, it looks like it’s much ado about nothing,” he said. In fact, Huang foresees rather robust growth in the mobile processing sector, estimating that there are about 100 million devices that will need chips this year — a figure that could soon rise to one billion, on the strength of more affordable handsets, efficient ARM processors and the rise of ultra-thin notebooks. And, despite his recent disappointment, Huang expects Android tablets to comprise a full 50 percent of the market in the near future, claiming that NVIDIA’s Tegra chips can currently be found in 70 percent of all slates running Google’s OS, and about half of all Android-based smartphones.

In the short-term, meanwhile, NVIDIA is busy developing its quad-core mobile processors — which, according to the exec, should appear in tablets during the third or fourth quarter of this year (quad-core smartphones, however, may be further down the road). Huang also sees room to develop wireless-enabled, Snapdragon-like processors, thanks to NVIDIA’s recent acquisition of Icera, but he hasn’t given up on GPUs, either, predicting that demand for graphics performance will remain stable. The loquacious CEO went on to divine that Windows 8 will support apps designed for Windows 7 (implying, perhaps, that Microsoft’s Silverlight platform will play a major role in future cloud-based developments), while contending that smaller, “clamshell devices” with keyboards will ultimately win out of over the Ultrabook strategy that Intel has been pursuing. For the moment, though, Huang seems pretty comfortable with NVIDIA’s position in the mobile processing market, citing only Qualcomm as primary competition. “We’re the only people seriously on the dance floor with Qualcomm,” he argued, adding that companies without a solid mobile strategy are “in deep turd.” You can find more of Huang’s insights at the source links below.

NVIDIA CEO sees major growth in mobile processing, quad-core tablets coming this year originally appeared on Engadget on Wed, 07 Sep 2011 03:49:00 EDT. Please see our terms for use of feeds.

Permalink Gizmodo  |  sourceCNET, Wall Street Journal, Forbes  | Email this | Comments

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Sep 02

Foxconn posts $943 million net profit for first half of 2011, 20 million iPad 2s coming for Q3?

Posted in: business, earnings, financial, ipad, ipad 2, Ipad2, minipost, money, rumor, tablet, Today's Chili
It looks like 2011 is shaping up to be a solid year for Foxconn. Earlier this week, the hardware manufacturer announced net profits of NT$27.38 billion (about $943.72 million) for the first half of this year, just a few months after posting a disappointing $218 million loss for all of 2010. These figures, however, are down about 21 percent from the first six months of last year, when Foxconn (AKA Hon Hai Precision) reported net profits of NT$34.74 billion (around $1.2 billion). In a statement, Hon Hai said its first semester results were “as expected and remain seasonal,” considering today’s harsh and uncertain financial climate. DigiTimes, meanwhile, is reporting that the electronics maker is “expected” to ship a full 20 million new iPad 2s during the third quarter of this year, though the Taiwan-based news outlet didn’t offer much in the way of explanation or sourcing.

Foxconn posts $943 million net profit for first half of 2011, 20 million iPad 2s coming for Q3? originally appeared on Engadget on Fri, 02 Sep 2011 04:41:00 EDT. Please see our terms for use of feeds.

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Aug 24

TiVo talks cable, satellite deals in Q2 results; DirecTiVo exposed! (video)

Posted in: cable, dvr, earnings, hdpostmini, satellite, tivo, Today's Chili, video

TiVo’s results for the second quarter are here and there were a few tidbits that let us know where its products are going in the future. Despite reporting a net loss for the quarter, its cash position was up after receiving the first $300 million payment from its settlement with Dish Network. Things appear to be going well with Virgin Media in the UK where it reported 50,000 TiVo’s live by the end of July and ONO is closing in on a launch in Spain, while closer to home RCN is almost ready to officially offer a whole-home DVR setup based on the quad-tuner TiVo Premiere Q. Charter and DirecTV are mentioned as “progressing towards launch”, but the company seems particularly excited to see the current state of patent warfare going on, trumpeting its 210 issued patents and 389 applications.

Speaking of the DirecTivo, an apparent training video has leaked. ZatzNotFunny has more information, but it reveals the hardware and UI, which disappointingly harken back to the days of older Series3 hardware instead of the updated HD menus on the new Premiere boxes. Check out the video and Q2 press release after the break.

Continue reading TiVo talks cable, satellite deals in Q2 results; DirecTiVo exposed! (video)

TiVo talks cable, satellite deals in Q2 results; DirecTiVo exposed! (video) originally appeared on Engadget on Wed, 24 Aug 2011 21:33:00 EDT. Please see our terms for use of feeds.

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Aug 24

Acer loses $234 million in worse-than-expected Q2

Posted in: cellphones, earnings, laptop, Laptops, mobile, netbook, netbooks, Today's Chili

AcerIt may be the second largest computer manufacturer in the world, but things are not looking good for Acer. The Taiwanese company lost 6.79 billion New Taiwan Dollars (TWD), about $234.1 million, in Q2, far more than the already sizable anticipated shortfall of 3.3 billion TWD (around $114.7 million). That’s a dramatic drop off from the 1.19 billion TWD profit the company posted in Q1. Things are expected to improve in Q3, but Acer still expects to operating in the red until at least Q4. Some of the problems can be blamed on recent restructuring that has the vendor increasingly focused on mobile devices and less on netbooks, which were successful for the company but have quickly declined in popularity. The extremely brief PR can be found after the break.

Continue reading Acer loses $234 million in worse-than-expected Q2

Acer loses $234 million in worse-than-expected Q2 originally appeared on Engadget on Wed, 24 Aug 2011 10:00:00 EDT. Please see our terms for use of feeds.

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Aug 21

Apple eclipses Lenovo’s sales in emerging Chinese market

Posted in: Apple, business, earnings, financial, lenovo, sales, Today's Chili

As if Apple needed further incentive to take a victory lap around its billion dollar war chest, the company can now add greater China to its list of top performing markets. According to the Financial Times, Apple’s third quarter China sales outstripped Lenovo’s $2.8 billion first quarter results, racking up a commanding $3.8 billion lead in the PC maker’s own backyard. Lenovo’s CEO, Yang Yuanqing, was quick to dismiss the ‘apples to oranges’ financial comparison, citing his company’s inability to compete in the mobile phone segment, and continued strong focus on personal computing. For what it’s worth, Lenovo does separate out both Hong Kong and Taiwan sales from its mainland report, putting the company on unequal footing with Cupertino which includes the two markets in its total Chinese earnings. Still, Lenovo has plenty of reason to keep its chin up. It does, after all, have that dominating 31.7 percent market share to lord over Mr. Steve Jobs.

Apple eclipses Lenovo’s sales in emerging Chinese market originally appeared on Engadget on Sun, 21 Aug 2011 17:18:00 EDT. Please see our terms for use of feeds.

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Aug 18

HP may spin off PC business, shift focus to software and services

Posted in: breaking news, business, earnings, hewlett-packard, HewlettPackard, HP, PC, rumor, Today's Chili, webos

HP LogoWord ’round the campfire is, HP may be prepping to spin off its PC business. Though Hewlett-Packard is the world’s largest computer company, desktops and laptops are a relatively low profit margin business. Obviously, there’s no confirmation yet that such a split will happen, but with the recent focus on tablets and smartphones, and CEO Leo Apotheker’s own admission that he’d like to expand into software and services, the move would make sense. According to Bloomberg the announcement could come as soon as today, during the company’s quarterly earnings call, where it’s also expected to reveal a $10 billion purchase of software company Autonomy Corp. We’ll be listening in live later, so check back this afternoon to see if HP sets its PC business free.

HP may spin off PC business, shift focus to software and services originally appeared on Engadget on Thu, 18 Aug 2011 13:22:00 EDT. Please see our terms for use of feeds.

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Aug 18

Lenovo nearly doubles net profits in Q1 earnings report, not so certain about ‘mainstream’ Ultrabooks by end of year

Posted in: business, earnings, financial, lenovo, money, PC, price, Today's Chili
Lenovo‘s enjoying a bright and sunny Thursday in Hong Kong today, where the company has just unveiled a Q1 2011 / 2012 earnings report that’s full of rosy news. According to the report, Lenovo’s revenues jumped to $5.92 billion during the fiscal quarter, representing a 15 percent increase over last year’s figures, while net profits nearly doubled to $108 million (compared to $54.9 million last year). Global PC sales, meanwhile, nudged upward 23 percent — even at a time when most other manufacturers are seeing relatively sluggish growth. During an earnings conference call this morning, COO Rory Read provided a little insight into his company’s approach to the growing Ultrabook sector, while hinting at future price reductions. Speaking to reporters, Reed assured that Lenovo would “invest in innovation to be a leader” in the Ultrabook market, adding that prices for its MacBook Air competitors may reach “mainstream” (sub-$1,000) levels by 2012: “I wouldn’t say by the end of the year necessarily but…that’s definitely going to happen.” Head past the break for Lenovo’s financial summary, along with the full PR.

[Original photo by Cory Grenier]

Continue reading Lenovo nearly doubles net profits in Q1 earnings report, not so certain about ‘mainstream’ Ultrabooks by end of year

Lenovo nearly doubles net profits in Q1 earnings report, not so certain about ‘mainstream’ Ultrabooks by end of year originally appeared on Engadget on Thu, 18 Aug 2011 05:14:00 EDT. Please see our terms for use of feeds.

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Aug 16

Dell’s Q2 earnings fall short of estimates: $890 million net income, $15.66 billion revenue

Posted in: desktop, desktops, Displays, earnings, financial, financials, laptop, Laptops, notebook, Notebooks, tablet, tablets, Today's Chili

Shares of Dell were down nearly eight percent in after-hours trading after the Texas-based PC maker posted lower-than-expected second-quarter results. Still, the company’s revenue was up one percent over last year, totaling $15.66 billion, compared to $15.5 billion in Q2 2010. Net income jumped 63 percent, from $545 million to $890 million, over the year-ago quarter. Corporate and government orders were responsible for the jump in income, according to an AP report, but new sales predictions hint that orders may not be coming in as often as anticipated. Dell expects modest growth of one to five percent for the full year — citing “a more uncertain demand environment” — compared to previous estimates of five to nine percent growth. Jump past the break for the full rundown from Dell.

Continue reading Dell’s Q2 earnings fall short of estimates: $890 million net income, $15.66 billion revenue

Dell’s Q2 earnings fall short of estimates: $890 million net income, $15.66 billion revenue originally appeared on Engadget on Tue, 16 Aug 2011 17:24:00 EDT. Please see our terms for use of feeds.

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Aug 05

HTC posts record sales (again), getting itself something nice (Dashwire) to celebrate

Posted in: earnings, financial, HTC, sales, Today's Chili
HTC: quietly loaded

While the top three smartphone makers (Apple, Samsung, and Nokia) garner most of the press, HTC is quietly becoming a juggernaut. IDC’s number five just posted yet another month of record sales, hitting $1.56 billion — almost twice what the company moved in July of last year. To celebrate its continued meteoric rise, the Taiwanese manufacturer has announced it plans to acquire Dashwire, the cloud services company behind the awesome brilliant Awesome Drop, for $18.5 million. The only question is, how long HTC can keep this growth up? After all, common sense says what goes up, must come down — just ask Nokia.

HTC posts record sales (again), getting itself something nice (Dashwire) to celebrate originally appeared on Engadget on Fri, 05 Aug 2011 13:20:00 EDT. Please see our terms for use of feeds.

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