When it comes to forecasting Apple’s earnings, amateurs are better than the pros

The Challenge: predict seven key metrics of Apple’s fiscal success over the past quarter — such as sales numbers, profit margins, and gross revenue — with the highest accuracy. The Competitors: In the blue corner, a bunch of amateur finance bloggers, and in the red corner, a cabal of professional analysts making mad dough at banks and trading houses. The Conclusion: whatever you’re paying for your “expert” advice on the future financial wellbeing of Apple, or any other tech stock for that matter, stop. Just… stop.

When it comes to forecasting Apple’s earnings, amateurs are better than the pros originally appeared on Engadget on Thu, 20 Jan 2011 07:09:00 EDT. Please see our terms for use of feeds.

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Sony Ericsson ships 9 million Xperia Android phones, but latest earnings disappoint

Sony Ericsson has just made its financial results for the fourth quarter of 2010 official and the highlight, at least for milestone lovers like us, is the figure of nine million Android-based Xperia handsets shipped since the family’s launch. Now, the language used here is important, as Sony loves to report shipments to retailers instead of actual sales, but it’s still a pretty grand number of Xperia X10, X10 Mini, X10 Mini Pro, and X8 handsets out and about in our big wide world. Hell, it’s even more impressive when you consider that those phones have spent most of their lives riding the ancient Android 1.6 as their operating system. In terms of actual currency figures, however, SE has fallen short of expectations, reporting a moderate €35 million pre-tax profit for Q4, which the company is turning into a positive by noting that it marks its fourth consecutive quarter of being in the black. If the new crop of Xperia Androids are anything to go by, we can probably expect this habit to continue for a good long while.

Sony Ericsson ships 9 million Xperia Android phones, but latest earnings disappoint originally appeared on Engadget on Thu, 20 Jan 2011 04:01:00 EDT. Please see our terms for use of feeds.

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Apple on iPad competition: Windows is ‘big and heavy,’ next-gen Android tablets are still vapor

Apple’s COO (and current Steve Jobs stand-in) Tim Cook thinks “there’s not much” competition to the company’s iPad tablet. When queried about Apple’s view on what the rest of the market offers, Cook was brutally candid in describing Windows-driven machines as generally being big, heavy and expensive, while current generations of Android-based slates are in his opinion merely “scaled-up smartphones.” While we agree that Windows 7 isn’t a terribly touch-friendly affair, we don’t know that Cook’s comments on Android are quite so pertinent now that Google’s tablet-savvy Honeycomb iteration has been unveiled. Then again, he has something to say about the next generation of Android tablets as well, noting that the ones announced at CES lack pricing and release schedules, leading him to conclude that “today they’re vapor.” Ouch. As a parting shot, Tim took a moment to reaffirm Apple’s belief that its integrated approach will always trump the fragmented nature of Android and its plurality of app stores. Hear his comments in full after the break.

Continue reading Apple on iPad competition: Windows is ‘big and heavy,’ next-gen Android tablets are still vapor

Apple on iPad competition: Windows is ‘big and heavy,’ next-gen Android tablets are still vapor originally appeared on Engadget on Tue, 18 Jan 2011 17:55:00 EDT. Please see our terms for use of feeds.

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Nintendo posts half-year net loss, a first in seven years

After three years of record earnings, the mighty house that Mario built is reporting a net loss of ¥2.01 billion ($25 million) in the fiscal first half ending 30 September versus a profit of ¥69.49 billion a year earlier. In addition to the adverse affects suffered under a strong yen, Nintendo’s sales for the first half of its fiscal year were down 35 percent to ¥363.16 billion due to lower demand for its Wii console. According to the Wall Street Journal, this represents Nintendo’s first net loss in the fiscal first half in the last seven years. The future outlook is pretty grim too with Nintendo forecasting an annual profit drop to the lowest level in six years as Wii console sales decline for the second year in a row. Ouch.

Nintendo posts half-year net loss, a first in seven years originally appeared on Engadget on Thu, 28 Oct 2010 05:07:00 EDT. Please see our terms for use of feeds.

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AT&T clocks up 2.6 million net new wireless subscribers, bigger profits in Q3

AT&T’s balance sheet just keeps looking happier and happier every quarter. In spite of the company’s somewhat questionable hardware choices — such as picking the ugly option from both Samsung‘s and LG‘s Windows Phone 7 platters — it now proudly boasts a total of 92.8 million active wireless service lines. This comes off the back of a 2.6 million net subscriber gain over the third quarter of 2010, a record for this period of the year. Churn, or the rate at which people left AT&T, was also at at its best ever for the quarter, coming in at a lowly 1.32 percent, while postpaid integrated device (read: smartphone on a contract) activations reached above the eight million mark. Total net profit was $12.3 billion, thanks to the sale of Sterling Commerce and a one-off tax adjustment, but in cashflow terms the company made $4.0b in the quarter. That’s a lot of dinero, no doubt aided by Q3 being the first full reporting period after the iPhone 4’s launch, we just wish some of AT&T’s other phones weren’t quite so unappealing.

Continue reading AT&T clocks up 2.6 million net new wireless subscribers, bigger profits in Q3

AT&T clocks up 2.6 million net new wireless subscribers, bigger profits in Q3 originally appeared on Engadget on Thu, 21 Oct 2010 09:07:00 EDT. Please see our terms for use of feeds.

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Nokia reports improved earnings for Q3 2010, will still ‘streamline’ up to 1,800 employees out of a job

Nokia’s quarterly results have just been made public and the company’s devices plus services sector has actually improved its income relative to last year: €7.2b of revenue was collected over the past three months versus €6.9b in the same period a year ago. Operating profit has also pepped up, going from the previous €785m to €807m. You’d think this would augur well for Stephen Elop‘s beginning at the helm, but the new man in charge is also presiding over a fundamental restructuring of operations at Nokia, which is expected to result in the redundancy of up to 1,800 employees globally. There are no specifics to tell us who’ll be losing out, but the aims are the boilerplate tasks of increasing efficiency, simplifying operations, and reducing time to market. Anyway, we doubt the great people of Finland will be pleased.

Continue reading Nokia reports improved earnings for Q3 2010, will still ‘streamline’ up to 1,800 employees out of a job

Nokia reports improved earnings for Q3 2010, will still ‘streamline’ up to 1,800 employees out of a job originally appeared on Engadget on Thu, 21 Oct 2010 06:26:00 EDT. Please see our terms for use of feeds.

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Netflix ‘now primarily a streaming company,’ could offer DVD-less plan this year

It seems like just yesterday we were celebrating Netflix’s 2 billionth disc sent, but in announcing the company’s Q4 financial results, CEO Reed Hastings called his baby “primarily a streaming company that also offers DVD-by-mail.” Other notes include an indication that a streaming only plan for US customers, mirroring its offering in Canada, currently in limited testing could become widely available later in the fourth quarter of this year, with a potential that “pure streaming” could become the core package for Netflix going forward while DVDs might require a premium service charge like Blu-ray does now. So what comes next? If all goes according to plan, expansion beyond North America in late 2011, continuing to add more streaming content and improving the UI on other devices.

Netflix ‘now primarily a streaming company,’ could offer DVD-less plan this year originally appeared on Engadget on Thu, 21 Oct 2010 02:18:00 EDT. Please see our terms for use of feeds.

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AMD sees a tablet chip in its future, and an end to the core-count wars

AMD told us that it wasn’t terribly interested in the iPad market, and would wait and see if touchscreen slates took off, but CEO Dirk Meyer changed the company’s tone on tablets slightly after reporting a $118 million net loss (on $1.62 billion in revenue) in a Q3 2010 earnings call this afternoon. First revealing his belief that tablets will indeed cannibalize the notebook and netbook markets, he later told investors that he actually expects AMD’s netbook parts to start appearing in OEM slates in the next couple of years, and that AMD itself would “show up with a differentiated offering with great graphics and video technology” when the market becomes large enough to justify an R&D investment.

Elsewhere, AMD CTO of servers Donald Newell prognosticated that the number of individual CPUs on a chip won’t go up forever: “There will come an end to the core-count wars,” he told IDG News. Just as the megahertz race was eventually defeated by thermal restrictions, so too will the number of cores on a chip cease to increase. ” I won’t put an exact date on it, but I don’t myself expect to see 128 cores on a full-sized server die by the end of this decade,” he said. So much for our Crysis-squashing terascale superchip dreams, we suppose.

AMD sees a tablet chip in its future, and an end to the core-count wars originally appeared on Engadget on Thu, 14 Oct 2010 23:03:00 EDT. Please see our terms for use of feeds.

Permalink   |  sourceQ3 2010 AMD Earnings Call, PC World  | Email this | Comments

Intel reports record $11.1 billion revenue, brings home $3 billion in bacon

Looks like Intel’s having its best quarter ever all over again: this time, the company’s reporting $3.0 billion in profit on a record $11.1 billion in revenue. Chipzilla attributes the surplus to three percent increases in laptop and server chips sales respectively, but none to Atom-based netbooks — sales of Atom chips actually decreased by four percent. That may be more than you needed or wanted to know about the booming processor business, but humanitarians will be pleased to know it’s not all about the silicon; Intel also hired 1,300 new flesh-and-blood employees last quarter to keep the machines running.

Intel reports record $11.1 billion revenue, brings home $3 billion in bacon originally appeared on Engadget on Tue, 12 Oct 2010 18:44:00 EDT. Please see our terms for use of feeds.

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Intel reports record $11.1 billion earnings, brings home $3 billion in bacon

Looks like Intel’s having its best quarter ever all over again: this time, the company’s reporting $3.0 billion in profit on a record $11.1 billion in revenue. Chipzilla attributes the surplus to three percent increases in laptop and server chips sales respectively, but none to Atom-based netbooks — sales of Atom chips actually decreased by four percent. That may be more than you needed or wanted to know about the booming processor business, but humanitarians will be pleased to know it’s not all about the silicon; Intel also hired 1,300 new flesh-and-blood employees last quarter to keep the machines running.

Intel reports record $11.1 billion earnings, brings home $3 billion in bacon originally appeared on Engadget on Tue, 12 Oct 2010 18:44:00 EDT. Please see our terms for use of feeds.

Permalink All Things D  |  sourceIntel  | Email this | Comments