Nov 02

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

Posted in: business, earnings, financials, lenovo, money, sales, Today's Chili

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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Nov 02

Sony posts $350 million loss in Q2 earnings report, forecasts full-year loss

Posted in: business, earnings, financials, hdpostcross, industry, Japan, minipost, mobilepostcross, money, sales, smartphone, sony, Sony Ericsson, SonyEricsson, Today's Chili, TV
Sony‘s Q2 earnings have just come in and, as you might guess, they’re not particularly glowing. A few days after announcing plans to buy out Ericsson’s stake in Sony Ericsson, the manufacturer posted a quarterly loss of ¥27 billion ($346 million) today, compared with a net income of ¥31.1 billion during the same quarter last year. Last quarter, the firm posted a net loss of ¥15.5 billion, or about $200 million. Sony attributed much of this decline to a stronger yen, lower TV sales and recent flooding in Thailand, which has disrupted its supply chain. On this basis, the company lowered its full year forecast, predicting a net loss of ¥90 billion ($1.2 billion), compared with a net profit of ¥60 billion that it had previously expected. It appears, then, that Sony’s TV division is primed to post an annual loss for the 8th straight year, which would certainly explain those plans for a forthcoming shakeup. Find the full report at the source link, below.

Sony posts $350 million loss in Q2 earnings report, forecasts full-year loss originally appeared on Engadget on Wed, 02 Nov 2011 04:13:00 EDT. Please see our terms for use of feeds.

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Oct 31

Cablevision reports Q3 earnings, sees profit fall by 65 percent, drop in video subscribers

Posted in: business, cable, earnings, financial, financials, hdpostmini, industry, money, new-york, Today's Chili, video

It’s safe to say that Q3 2011 probably won’t be remembered as Cablevision‘s finest. According to the provider’s latest earnings report, profits declined by a full 65 percent over the year, with net income plunging to $39.3 million this quarter, compared with the $112.1 million it raked in during the third quarter of 2010. The company also reported a loss of 19,000 video subscribers during Q3, though it added 17,000 broadband customers and 38,000 telephone subscribers. Total customers, however, declined by 15,000 over the past three months. Revenue, meanwhile, increased by eight percent to $1.7 billion, though the New York-area operator lost about $16 million to Hurricane Irene — not to mention all those legal fees. Smell that? That’s a big platter of PR, sitting right there after the break.

Continue reading Cablevision reports Q3 earnings, sees profit fall by 65 percent, drop in video subscribers

Cablevision reports Q3 earnings, sees profit fall by 65 percent, drop in video subscribers originally appeared on Engadget on Mon, 31 Oct 2011 07:01:00 EDT. Please see our terms for use of feeds.

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Oct 31

Hon Hai sees profit fall nine percent in Q3, pins hopes on new Chinese factories

Posted in: Apple, business, earnings, financial, financials, iPhone, iphone 4s, minipost, money, Today's Chili
Hon Hai Precision Holdings has just released its Q3 earnings report, and it probably did so with a whimper. That’s because net profits fell to NT$19.2 billion (about $614 million) this quarter, marking an 8.6 percent decline from Q3 2010, when Hon Hai (aka Foxconn) reported a net income of NT$21 billion (around $702 million). The company blamed the decline on a slow economic recovery and its ongoing expansion in China, where new factories are being constructed across inland areas like Chengdu, Wuhan and Zhengzhou. These costs are still taking a toll on Hon Hai’s bottom line, though analysts say the expansion could pay off in the long-run, thanks to the lower wages that Hon Hai will have to pay to maintain operations in these less affluent regions. Some are also hopeful that the iPhone 4S will help spur production heading into Q4 of this year, though its ultimate effect, of course, remains to be seen. Hit up the links below for more details and analysis.

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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Oct 31

HTC releases Q3 earnings report: profit up 68 percent, shipments soar 93 percent

Posted in: business, earnings, financials, HTC, mobilepostcross, smartphone, Today's Chili
It’s been another stellar quarter for the folks over at HTC. According to the company’s Q3 earnings report, released today, net income rose to NT$18.68 billion (about $624.6 million) this quarter — a 68 percent increase over Q3 2010 and a seven percent bump over last quarter, when HTC reported record profits. Revenue, meanwhile, rose by 79 percent on the year to NT$135.8 billion (around $4.54 billion), which the manufacturer attributed to “strong brand recognition, leading product portfolio and expanded distribution channels.” On a regional level, HTC saw the strongest growth in China, where sales increased by a factor of nine over the past year. This undoubtedly helped the company boost handset shipments, which increased by a whopping 93 percent over the year, to 13.2 million units. For more details and crunchy numbers, hit up the source links, below.

HTC releases Q3 earnings report: profit up 68 percent, shipments soar 93 percent originally appeared on Engadget on Mon, 31 Oct 2011 04:39:00 EDT. Please see our terms for use of feeds.

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Oct 27

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

Posted in: earnings, financials, hdpostcross, mobilepostcross, samsung, Today's Chili

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

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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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Oct 27

AMD reports $1.69 billion in revenue for Q3, net income of $97 million

Posted in: AMD, ati, earnings, financial, financials, Today's Chili
AMD

Things were starting to look pretty bleak in Q2 for AMD, but Q3 is an entirely different story. The company reported a revenue of $1.69 billion, up 7-percent from last quarter. More importantly, net income climbed to $97 million, up from just $61 million in Q2 and a far cry from the $118 million loss posted this time last year. Even the graphics division had good news to share. After the former ATI ran at an operating loss of $7 million last quarter, it netted $12 million in operating income in Q2. We wouldn’t exactly call this the second coming of the CPU underdog, but it certainly should make fans and investors sleep a little better at night. Check out the complete PR after the break.

Continue reading AMD reports $1.69 billion in revenue for Q3, net income of $97 million

AMD reports $1.69 billion in revenue for Q3, net income of $97 million originally appeared on Engadget on Thu, 27 Oct 2011 17:39:00 EDT. Please see our terms for use of feeds.

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Oct 27

Nintendo posts first half loss in earnings report, slashes forecast yet again

Posted in: 3ds, earnings, financial, financials, game, Japan, nintendo, nintendo 3ds, Nintendo3ds, Today's Chili
Nintendo‘s latest earnings report may be one of its most forgettable. The company posted a net loss of ¥70.27 billion ($923 million) this morning, in a report covering the first six months of the fiscal year ending on September 30th. That’s significantly deeper than the ¥2.01 billion loss Nintendo posted during the same period last year, though Nintendo attributed the result, in part, to a strengthened yen and sagging demand for its 3DS console. Revenue, meanwhile, fell by 40.6 percent on the year, to ¥215.74 billion ($2.84 billion), as the manufacturer reported an operating loss of ¥57.34 billion. Things are looking so bleak, in fact, that Nintendo has decided to slash its financial projections yet again, predicting a net loss of ¥20 billion for the full year (ending in March 2012), compared with the ¥20 billion in profits it projected only in July. And, as Bloomberg notes, if these prognostications hold true, it would mark Nintendo’s first annual loss in a full 30 years. Ouch. Check out the full report for yourself at the source link, below.

Nintendo posts first half loss in earnings report, slashes forecast yet again originally appeared on Engadget on Thu, 27 Oct 2011 04:28:00 EDT. Please see our terms for use of feeds.

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Oct 26

Sprint announces Q3 earnings: net subs reach five year high, net losses at $300 million

Posted in: breaking news, business, carrier, earnings, financial, financials, lte, mobilepostcross, Sprint, Today's Chili, Wireless
Sprint has just unveiled its Q3 earnings report, and it’s looking pretty bittersweet. According to the company, net operating revenues reached $8.3 billion during the quarter (about two percent higher than Q3 2010), while additions of new wireless net subscribers reached a five year high, with 1.3 million customers hopping onboard. Of those 1.3 million, 304,000 were of the postpaid variety, 485,000 were prepaid and about 835,000 were wholesale. Sprint lost about 44,000 net postpaid customers this quarter, but that’s a major improvement over last quarter, when a little over 100,000 jumped ship, and marks a 59 percent improvement over last year’s report. At the same time, however, the carrier reported net losses of $301 million — lower than Q2’s figures, but not exactly encouraging, either. As far as the future goes, the folks at Overland Park expect to end the year with even more new subscribers, though it remains to be seen whether that long-awaited LTE rollout can make much of a dent in its bottom line. Check out the press release in full, after the break.

Update: Listening in on the earnings call it’s clear Sprint is really counting on the iPhone to help it run with the big dogs. According to some convoluted metaphor, the carrier is the Oakland A’s in Moneyball and Apple’s handset is A-Rod (who never spent a day with the Athletics… but we digress). Still, Sprint expects more loyalty and bigger profits from customers who choose the iPhone — at least for the next four years, after which it’ll have to negotiate a new deal with the Cupertino crew.

Update 2: Sprint also clarified that, in addition to its deal with LightSquared, it will be working with Clearwire to deliver LTE network coverage. The carrier has reached a preliminary agreement with its WiMAX partner, but expects to announce a wholesale deal soon.

Update 3: We already knew that the iPhone 4S launch was the company’s best launch ever for a family, but now the company’s confirming that it was its best launch ever for any device.

Continue reading Sprint announces Q3 earnings: net subs reach five year high, net losses at $300 million

Sprint announces Q3 earnings: net subs reach five year high, net losses at $300 million originally appeared on Engadget on Wed, 26 Oct 2011 07:44:00 EDT. Please see our terms for use of feeds.

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Oct 26

LG posts a net loss for Q3, loses ground in mobile sales

Posted in: earnings, financial, financials, hdpostcross, hdtv, LG, mobile, mobilepostcross, Smartphones, Today's Chili

The Q3 numbers for LG are in, showing its cellphone unit lost money for the sixth straight quarter, with profits coming from the home appliance and air conditioning units. On the home entertainment side, it shipped more flat panel TVs than ever before (6.8 million) and despite lower revenues managed to improve operating profit by selling more of its high end Cinema 3D and LED-lit HDTVs. Unfortunately for the mobile division, sales were down 8.5 percent from last year and the company recorded a $128.47 million operating loss. Making things worse, Reuters reports its rival Samsung is expected to report strong profit in mobiles on Friday, and pass Apple as the world’s biggest smartphone seller on the back of its Galaxy S line. We don’t know if LG will be able to turn things around anytime soon, but giving the Optimus LTE an Ice Cream Sandwich finish and shipping it sooner rather than later couldn’t hurt.

Continue reading LG posts a net loss for Q3, loses ground in mobile sales

LG posts a net loss for Q3, loses ground in mobile sales originally appeared on Engadget on Wed, 26 Oct 2011 02:48:00 EDT. Please see our terms for use of feeds.

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