Hasta La Gadget!

It’s everybody’s favorite time of year. Yup, the Q2 earnings results are coming in, and Google’s leading the pack, reporting $9.02 billion in gross revenue for the second quarter of 2011: a 32 percent increase over the same period in 2010. CEO Larry Page notes, that’s a “record breaking over $9 billion of revenue,” with net income reaching $2.51 billion, up from $1.84 billion in Q2 2010. Google’s various sites apparently made up 69 percent of the $9.02 billion in revenue, generating $6.23 billion — 2010 numbers were $4.50 billion. Operating expenses saw a notable increase over 2010, cutting into profits by $2.97 billion, up from $1.99 billion.

Larry Page has just announced some Android usage numbers, pointing out that 550,000 devices, rocking the little green robot, are being activated per day. That’s up from the 500,000 announced late last month. Android Market numbers are also up, with six billion total downloads.

Continue reading Google announces Q2 earnings: $9.02 billion in revenue, $2.51 billion in net income

Google announces Q2 earnings: $9.02 billion in revenue, $2.51 billion in net income originally appeared on Engadget on Thu, 14 Jul 2011 16:07:00 EDT. Please see our terms for use of feeds.

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Another day, another record profit from the folks at HTC. Surely even the Taiwanese handset manufacturer must be bored of reporting this endless stream of good news, right? Yeah, probably not. The company happily announced this week an impressive second quarter net income of NT$17.5 billion ($608 million), more than double what it reported for the same time period the year prior. Overall revenue for the quarter hit NT$124.4 billion, thanks to the ever-present demand for Android handsets. And revenue from the company is expected to keep on growing in Q3 — maybe boredom isn’t so bad after all.

HTC does the whole record profit thing again for Q2 originally appeared on Engadget on Wed, 06 Jul 2011 09:16:00 EDT. Please see our terms for use of feeds.

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RIM, the maker of BlackBerry, was absolutely destroyed yesterday in the stock market. But that’s just part of the story. RIM is screwed. More »

We’re seriously considering just reposting the same bit of text every time HTC’s earnings come up for discussion. The story never seems to change. Taiwan’s premier smartphone maker has once again blown away its performance from the previous year, having informed the Taiwan Stock Exchange that it tallied up T$40.62b ($1.42b) in consolidated sales for May 2011. That’s a neat chunk of change more than April’s T$38.73b and it also comfortably dwarfs last year’s May total of T$18.82b ($656m). There’s no breakdown of what devices are to credit for HTC’s ever-ascending revenues, but if you ask us, its future prosperity looks pretty good with the Sensation, EVO 3D, and a few tablet-shaped things lurking on the horizon.

HTC sales in May reached $1.42 billion, more than double last year’s total originally appeared on Engadget on Tue, 07 Jun 2011 04:51:00 EDT. Please see our terms for use of feeds.

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HP kicked off this morning’s Q2 earnings call citing a leaked company memo that recently popped up at Bloomberg. That memo, which had the outfit’s CEO, Leo Apotheker warning of “another tough quarter,” resulted in a five percent drop in HP shares in after-hours trading Monday, according to the Wall Street Journal, and prompted the release of the outfit’s Q2 earning a day ahead of schedule — an earnings call was originally slated for Wednesday. According to the report, the company managed to pull in $31.6 billion in revenue and $2.3 billion in earnings, compared to $30.8 billion in revenue and $2.2 billion in earnings the same time last year.

So what brought about the pot-stirring internal memo? Well, it seems HP’s struggled to keep up with the competition when it comes to consumer computer sales. Despite an increase in revenue in every other segment of the company’s business, HP’s Personal Systems Group (which covers enterprise and consumer sales) saw revenue decline five percent year-over-year, with the portion covering consumer computers down 23 percent. That might seem like a big dip, and it is, but Apotheker says the company is “excited by the tablet opportunities,” continuing on to say that the impending release of the company’s TouchPad “will be an exciting product release for HP.” For now, we’ll just have to sit back and see if the webOS slate has the stuff to pull HP out of the consumer computer lurch. Full PR after the break.

Continue reading HP releases 2011 Q2 earnings early, following leak of foreboding internal memo

HP releases 2011 Q2 earnings early, following leak of foreboding internal memo originally appeared on Engadget on Tue, 17 May 2011 17:18:00 EDT. Please see our terms for use of feeds.

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