Hasta La Gadget!

Today’s Amazon earnings were decidedly split — the company revealed both a 44-percent increase in net sales and a 73-percent decrease in net income. So, why the discrepancy? It may at least partially be due to the much discussed suggestion that the company actually loses money for each Kindle sold — a trend which, if true, has likely only been compounded by the release of the uber-cheap ad-supported version of the device. The company addressed the matter in part, suggesting that it is focused on “the lifetime value [of the Kindle], not just the economics of the devices and accessories.” The total economic picture of the Kindle includes the device itself, accessories, downloaded content and ad-revenue.

Things are apparently looking up for the company, as well, with Amazon anticipating “a record quarter in terms of device sales” for Q4. The positivity is a reflection, in part, of greater than anticipated Kindle pre-orders. Says CEO Jeff Bezos, “In the three weeks since launch, orders for electronic ink Kindles are double the previous launch. And based on what we’re seeing with Kindle Fire pre-orders, we’re increasing capacity and building millions more than we’d already planned.”

Amazon focusing on ‘lifetime’ Kindle revenue, anticipating record device sales for Q4 originally appeared on Engadget on Tue, 25 Oct 2011 17:45:00 EDT. Please see our terms for use of feeds.

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ARM doubles Q3 profit, sees surge in revenue, is understandably pleased originally appeared on Engadget on Tue, 25 Oct 2011 04:58:00 EDT. Please see our terms for use of feeds.

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After a tumultuous third quarter the numbers are finally in for Netflix, and as expected its price hike and Qwikster madness have cost it a few customers in the US. Currently the company is reporting a total of 23.79 million customers in the US, down from 24.59 million last quarter — fewer than even it projected a few weeks ago. According to the report, it lost more “long term” customers than expected, which it attributes, again, to its poor explanation of the reasoning behind the change. To address those decisions and its inability to reach a new deal with Starz it has a few more numbers to show, as apparently only 7 percent of new customers are opting for the $15.98 hybrid package, while Starz Play content currently accounts for about six percent of streaming hours. Other competitors are also mentioned — Amazon Prime Instant Video’s content library is referred to as “duplicative” and just a “small fraction” of what Netflix offers, as it counts on newly-signed exclusive deals to widen the gap.

Those deals mean new movies like Drive, Paranormal Activity 3, The Rum Diaries and The Immortals will show up on Netflix in the usual pay-TV window, on top of a library of catalog TV shows that pulls from all five broadcast networks and 95 percent of cable TV stations. Internationally, Netflix is up to one million customers in Canada where it plans to double quarterly content spending, while Latin American customers can look forward to iOS and Xbox support soon. While its UK launch is on for Q1, it expressed concern for competition from Sky Movies, BBC and Lovefilm, and it plans to hold off on further expansion after that. We’ll dig through the report more and tune in to their earnings call in a bit, hit the source link to check out the PDF for yourself.

Netflix US subscriber count drops by 800k in Q3, 21.45 million still streaming originally appeared on Engadget on Mon, 24 Oct 2011 16:17:00 EDT. Please see our terms for use of feeds.

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Update: During the company’s earnings call, CEO Larry Page confirmed that there’s now 190 million Android phones activated around the world, and 200 million users of the Chrome web browser (although it’s not clear how many of those are active users). Page also took a moment to post his remarks to Google+ during the call.

Continue reading Google announces Q3 earnings: $9.72 billion in revenue, $2.73 billion net income, 40 million Google+ users

Google announces Q3 earnings: $9.72 billion in revenue, $2.73 billion net income, 40 million Google+ users originally appeared on Engadget on Thu, 13 Oct 2011 16:03:00 EDT. Please see our terms for use of feeds.

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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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