Hasta La Gadget!

Things are looking pretty rosy for Canon these days, though there may be some difficulty on the horizon. Today, the camera maker published a rather strong Q3 earnings report, just a few months after posting relatively ho-hum Q2 results. According to the company, operating profit grew by 17.4 percent to ¥122.55 billion ($1.6 billion) this quarter, compared with ¥104.42 billion ($1.37 billion) a year ago. Net profit, meanwhile, increased by 14.2 percent over the year, reaching ¥77.9 billion ($1.02 billion) during the quarter, versus ¥68.20 billion during Q3 2010. These results come at a time when the yen is strong, and therefore detrimental to Japanese exporters, though Canon attributed much of its success to strong growth in emerging markets, including China and India. For the year, however, Canon lowered its net-profit outlook to ¥230 billion ($3.02 billion) from ¥260 billion ($3.4 billion), on assumptions that the yen will maintain its strength, and on fears that recent flooding in Thailand may impact production. In fact, the manufacturer said the flooding may cut annual sales by ¥50 billion ($657 million) and operating profit by ¥20 billion. Check out the full report, at the source link below.

Canon posts higher profits in Q3 earnings report, lowers outlook over Thai flood concerns originally appeared on Engadget on Tue, 25 Oct 2011 04:06:00 EDT. Please see our terms for use of feeds.

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Apple may not have fared as well as expected in its own Q4, but just up the road in Silicon Valley Intel managed to exceed analyst predictions, posting record revenue of $14.3 billion — up $3.2 billion, or 29 percent year-over-year. The company also set new records for microprocessor units shipped, and expects further growth over the next quarter, with notebook computer sales driving $14.7 billion in predicted Q4 revenue. Jump past the break for an in-depth look at the company’s Q3, along with its outlook for the next quarter.

Continue reading Intel earnings beat company records: $14.3 billion revenue, $3.7 billion net income

Intel earnings beat company records: $14.3 billion revenue, $3.7 billion net income originally appeared on Engadget on Tue, 18 Oct 2011 17:13:00 EDT. Please see our terms for use of feeds.

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Blame it on the economy, or simply chalk it up to a better way of earning revenue, but physical distributors of new video games are beginning to feel some major heat from the scrappy competition. While this mainstay segment still comprises the bulk of sales with $1.44 billion earned in the previous quarter, the combination of digital purchases, subscriptions, downloadable content, social network and mobile games — along with help from rentals and used purchases — now tops $1.74 billion dollars. This news comes from the NPD Group, and while we’re still scratching our heads at the logic of combining second-hand purchases with electronic distribution, it provides a strong indicator of consumers’ changing tastes and preferences (along with their willingness to spend). Does this industry titan simply need a new console or another Call of Duty to maintain supremacy? Perhaps a modest uptick in GDP? Or does this signal the changing of the guard for our favorite electronic pastime? There’s a full PR after the break, where you’re welcome to fire one off in the comments and let us know your take.

[Image courtesy bradleyolin / flickr]

Continue reading Digital video game distribution finds brick and mortar camping, moves in for win

Digital video game distribution finds brick and mortar camping, moves in for win originally appeared on Engadget on Thu, 06 Oct 2011 14:32:00 EDT. Please see our terms for use of feeds.

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Google outbid itself by 33 percent in Motorola Mobility acquisition, SEC filing reveals originally appeared on Engadget on Wed, 14 Sep 2011 04:45:00 EDT. Please see our terms for use of feeds.

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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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