Apr 24

Samsung is back in the money, but a whole lot less than last year

Posted in: business, industry, recession, sales, samsung, Today's Chili
Samsung is back in the money, but a whole lot less than last year

Hot on the heels of Apple announcing it’s officially ripping this recession a new one and making more money than ever (hooray!), Samsung has released its financials for the first quarter and things are a little more, erm, glum. (Boo?) The company has at least partially recovered from its first ever loss in the fourth quarter of last year, making a tidy $459 million so far in 2009. That’s the good news. The bad news, however, is that $459 million is 72 percent less than the company pocketed in the same quarter in 2008. But, profit is profit, and a 36 percent increase in revenue from the company’s cellphone division is also promising — especially given Nokia’s recent bad news. Must be thanks to all those Omnia fanboys and girls.

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Samsung is back in the money, but a whole lot less than last year originally appeared on Engadget on Fri, 24 Apr 2009 08:21:00 EST. Please see our terms for use of feeds.

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Apr 23

Microsoft profits sink for the first time in 23 years

Posted in: breaking news, BreakingNews, earnings, Microsoft, recession, sales, Today's Chili

In a not totally surprising — yet still kind of striking — turn of events, Microsoft is reporting that its sales have fallen for the first time in 23 years. You read that right, 23 years. According to numbers that the company has just released, sales fell 6 percent year-over-year, while overall net income dropped a staggering 32 percent. Those numbers are significant, but what’s more telling is where those losses are coming from. Namely? Netbooks. Apparently, in the midst of a global downturn consumers really are buying cheaper, especially when it comes to tech, which puts a fairly significant crunch on Redmond’s bottom line. A CNN reports suggests that the presence of Linux on those devices has contributed to the hurt here, but it’s more likely that the combo of a market still unwelcoming to Vista and the wide popularity of XP on the low-power systems has more to do with these dipping profit margins. Oh, and that general, awful market depression. Still, it should serve as some kind of wake up call to Microsoft that just being the biggest doesn’t guarantee that the money will keep rolling in the way it has in years past — clearly the big picture isn’t as sharp as it’s always been. Hey Windows 7 — no pressure, right?

Update: We’ve tweaked some language in the post that made the situation sound more dire than intended. Don’t worry everyone, we know Microsoft isn’t going anywhere.

[Via CNN]

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Microsoft profits sink for the first time in 23 years originally appeared on Engadget on Thu, 23 Apr 2009 21:19:00 EST. Please see our terms for use of feeds.

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Apr 23

T-Mobile sells a million G1s in the US

Posted in: Android, Google, HTC, sales, t-mobile, TMobile, Today's Chili

We don’t know why T-Mobile isn’t trumpeting this, but Deutsche Telekom’s Q1 results are out, and the multinational carrier says that over one million G1s have been sold in the US, making up a majority of the 1.5 million 3G devices currently active on T-Mo’s network. That’s quite an accomplishment in just six months, considering the Android handset launched without nationwide 3G coverage — it’s better now, but we’re talking just 21 cities back in October. Of course, a million’s just a drop in the bucked compared to the number of Blackberrys, iPhones, and Windows Mobile devices out there, but we’ve got enough of a soft spot for Android to overlook it — now let’s get some more devices out the door and really boost that marketshare number, shall we?

[Via Electronista]

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T-Mobile sells a million G1s in the US originally appeared on Engadget on Thu, 23 Apr 2009 12:47:00 EST. Please see our terms for use of feeds.

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Apr 22

Report: Nokia’s Comes With Music not selling very well in the UK

Posted in: audio, industry, Music, nokia, sales, Today's Chili

After hearing initial reports that Nokia’s Comes With Music subscription service was doing “okay,” word on the streets is now… even less good. According to estimates released by Music Ally at an Association of Independent Music conference in London, Nokia’s gotten about 23,000 subscribers to the service since it launched last October. That’s not a great number, if it’s anywhere near accurate… though Nokia has “refused to confirm” whether or not it is. Tim Grimsditch, head of Nokia’s product marketing division added that it’s “a very new business model, we’re live in five markets and the numbers only mention one. We’re going to continue to develop the model and fine tune how we market it.” That said, the report can’t be terribly heartening either way you slice it, and is rather reminiscent of N-Gage’s niche market status if you ask us.

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Report: Nokia’s Comes With Music not selling very well in the UK originally appeared on Engadget on Wed, 22 Apr 2009 17:31:00 EST. Please see our terms for use of feeds.

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Apr 20

Nintendo moves 435,000 DSi handhelds during first week in US

Posted in: business, DS, gaming, handheld, industry, market share, marketshare, nintendo, sales, Today's Chili, us, usa

We already heard that the Big N managed to lighten its DSi inventory by 300,000 during the handheld’s first full weekend in America, and apparently another 135,000 procrastinators swooped in to grab one as the week finished up. Potentially more amazing, however, is the overall impact of Nintendo in the month of March. Last month, Nintendo systems accounted for just south of 60 percent (58.4 percent, if you must know) of all video game hardware sold in America. And yeah, that’s even despite a shocking 17 percent drop in Wii sales during the same 30 day window. Have we mentioned lately that things seem to be going quite well in the Mushroom Kingdom? ‘Cause they definitely do.

[Via Joystiq]

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Nintendo moves 435,000 DSi handhelds during first week in US originally appeared on Engadget on Mon, 20 Apr 2009 07:47:00 EST. Please see our terms for use of feeds.

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Apr 20

HD DVD… Another One Bites the Dust

Posted in: blu-ray, sales, Today's Chili

This article was written on February 15, 2008 by CyberNet.

walmart hddvd When it comes to the high-def format war I don’t think there is much arguing that Blu-ray is emerging as the clear winner. Within the last week Netflix announced that they are starting to phase out HD-DVD’s from their rentals, and then shortly following them Best Buy said that they will start recommending Blu-ray to their customers.

Walmart is hot on the heels of everyone else announcing on their blog (yes, apparently even Walmart has a blog) that they will be selling Blu-ray exclusively by June:

By June Wal-Mart will only be carrying BluRay movies and hardware machines, and of course standard def movies, DVD players, and up convert players.   Not sure of the short term pricing plans, but history tells us that as more people move to a new technology prices typically go down. 

I can only imagine that the PS3 sales will now pickup quite rapidly since Blu-ray has become the obvious winner. The PS3 actually looks pretty cheap when you compare it to the price of the existing Blu-ray players out there, but the movies are still so much more expensive than regular DVD’s that I don’t think I’ll become an adopter quite yet.

What’s it going to take for you to jump on the high-def bandwagon, or have you already adopted one of the technologies?

Walmart Blog [via Engadget]

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Apr 16

Nokia’s profits drop 90% in Q1 2009

Posted in: business, cellphone, earnings, industry, nokia, sales, Today's Chili

So, there’s good news and bad news here, and we’re opting to go against tradition by dishing out the positive first. Nokia just pushed out its Q1 2009 results, and while many firms have been struggling to stay afloat, at least it managed to turn a profit of €122 million ($160 million). That said, it’s still looking at a staggering 90 percent drop in profits compared to its first quarter of 2008, where it raked in a mind-boggling €1.222 billion ($1.6 billion). Not surprisingly, sales were also down 27 percent to €9.28 billion ($12.2 billion) from €12.7 billion ($16.7 billion). Of course, Nokia’s far from being alone in having to showcase less-than-beautiful Q1 numbers, but in reality, the damage could’ve been much worse; in fact, shares of the company’s stock inched up by 8 percent following the reveal, as many had feared an even more significant decline. All in all, Nokia’s still holding strong to a 37 percent market share worldwide, and if CEO Olli-Pekka Kallasvuo has anything to do with it (hint: he does), things should be on the up and up here soon.

[Via BBC]

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Nokia’s profits drop 90% in Q1 2009 originally appeared on Engadget on Thu, 16 Apr 2009 09:24:00 EST. Please see our terms for use of feeds.

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Apr 14

Mobile data card growth slows dramatically in Q4 2008

Posted in: business, industry, mobile broadband, mobile internet, MobileBroadband, MobileInternet, sales, Today's Chili, wwan

Who woulda thunk it? A global recession leads to belt tightening, and belt tightening leads to fewer mobile data card sales. According to a new report from ComScore, that’s exactly what happened at the tail end of last year, where WWAN card growth slowed to just 5 percent compared to 28 percent in Q4 2007. Still, carriers can’t grumble too loudly — after all, at least it grew. In fact, PC data card adoption rose 63 percent overall in 2008, and if any of these 4G services can see rollouts of significance, we suspect 2009 will show equally positive numbers. The reality is that mobile data is still priced far too high for the average Joe or Jane to stomach; most mobile broadband plans run upwards of $50 per month and require a two-year contract to get a free or cheap card, and unless one is planning to be on the road an awful lot, buying in just doesn’t make sense when times are tough. In other words, cut us a break on these mobile data rates, operators — it’s what Uncle Sam would want.

[Via mocoNews]

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Mobile data card growth slows dramatically in Q4 2008 originally appeared on Engadget on Tue, 14 Apr 2009 10:02:00 EST. Please see our terms for use of feeds.

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Apr 13

Systemax snaps up Circuit City’s brand and domain name

Posted in: marketing, retail, sales, Today's Chili

Just like it did in January of last year, Systemax is snapping up leftovers from a now-defunct national consumer electronics retailer. As part of the post-bankruptcy proceedings, Circuit City Stores Incorporated recently closed a deal that’ll net it $6.5 million. The price for the coinage? Systemax taking control of its trademarks and internet domain names. Circuit City stated in the filing that the sale of its intellectual property and internet assets would bring “significant recovery for the sellers’ estates and creditors,” and we’re also told that Circuit City would be able to snag an unspecified share of sales from the brand name. Look out, Best Buy — we hear Systemax has eyes for you, too.

[Thanks, Sid]

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Systemax snaps up Circuit City’s brand and domain name originally appeared on Engadget on Mon, 13 Apr 2009 18:33:00 EST. Please see our terms for use of feeds.

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Mar 11

Nintendo doubles up Sony’s PSP, ships 100 millionth DS handheld

Posted in: console, DS, gaming, nintendo, sales, ship, Today's Chili

Nearly a month ago to the day, Sony triumphantly proclaimed that it had sold its 50 millionth PlayStation Portable. Now, Nintendo’s making that figure look awfully small by shipping its 100 millionth DS handheld. The number includes original DS, DS Lite and DSi systems, and clearly, those sales are still going strong. The original DS launched way back in late 2004, while the totally hip DSi is slated to ship here in the United States in under a month. So, who’s taking bets on how long it takes to hit the magical 200 million mark?

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Nintendo doubles up Sony’s PSP, ships 100 millionth DS handheld originally appeared on Engadget on Thu, 12 Mar 2009 00:27:00 EST. Please see our terms for use of feeds.

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