Company now closing in on $700 billion in value
Apple's stock closed on Wednesday at a new all-time high, closing at $119.56 for the day, breaking the record set on November 26 when it closed at $119 even. The company, now valued at $696.41 billion -- more than a third more than the next most valuable publicly-traded company -- recently reported the best all-time quarterly revenue and profit of any company ever. The latest peak comes after a spike a week ago, following the results of the quarter.
Revenues up more than $170 million compared to last year, posts $145 million loss
Twitter released its quarterly results today, showing a strong surge in business during the second quarter of its 2014 fiscal year. The company posted revenues of $312 million, compared to only $139 million during the year-ago quarter. The increase represents a 129 percent increase year-over-year. The social media company also saw an increase in users compared to the results from the previous year.
Reportedly hiring actor Downey Jr. for HTC marketing campaign
HTC reduced the amount of pay its executives received by more than half in 2012, following low smartphone sales and relatively poor financial results. Details from an annual financial report released today comes amid reports that the smartphone producer has signed on Robert Downey Jr. for a two-year global marketing campaign.
Earnings rise for seventh time in a row, eighth unlikely
Asus managed to sell 3 million tablets in the first quarter, offsetting a drop in sales of notebooks and computer parts, according to the company's latest quarterly results. Overall, the company managed to earn $3.5 billion in revenues for the quarter, with its $202 million quarterly profit an improvement compared to both year-on-year and the previous quarter by 5.8-percent.
Plasma TV, IT sales affect LG home entertainment division revenues
LG has seen an erosion of profits in the first quarter, according to the latest quarterly results. Operating profits fell 22 percent to $322.8 million compared to the first quarter of 2012, with net profit also falling 91 percent year-on-year to $20.3 million, though both are an improvement from the $100 million operating profit and the $427 million net loss of the previous quarter.
Mali quarterly shipments five times that of Q1 2012
ARM is seeing favorable results again in its quarterly results, continuing on from the rising revenues of the last quarter. The financials for the first quarter of 2013 show revenues rising year-on-year by 26 percent to £170.3 million ($263.9 million), while pre-tax profits earned the company £89.4 million ($136 million), a 44-percent increase compared to Q1 2012.
Delays in HTC One manufacturer impacts quarterly results
The delay in manufacturing the HTC One has cost the company a significant amount of profit, according to reports based on unaudited results released by the manufacturer. Results for the first quarter of 2013 shows HTC as having a net profit of $T85 million ($2.8 million), declining for a sixth quarter in a row.
Prepaid customer numbers increase for seventh quarter running
T-Mobile has revealed it has increased its customer count for the first time in four years, after hemorrhaging customers in multiple successive quarters. A net increase of approximately 579,000 customers, 3,000 of which being branded customers, has been noted by the company, ahead of its first quarterly results as the newly re-branded "UnCarrier."
Manufacturer turns around from $7.5B loss in previous quarter
Japanese electronics manufacturer Panasonic made a profit of 61.4 billion yen ($667 million) in the last quarter of 2012, according to recently released results. The profit comes after a turbulent year for the company, with a combination of a weak yen and various cost cutting measures helping to offset the continued slide of its product sales figures.
Quarterly profit significant improvement to $1.2B loss in Q4 2011
Nokia made a profit of €439 million ($585 million) in the fourth quarter of 2012, according to recently released financial reports. Full year results for 2012 saw that the losses in previous quarters still puts the company at an overall loss of €2.3 billion ($3 billion), despite the Lumia-based sales uptick seen in the last quarter.
Domestic revenues drop 4.7 percent compared to last year
As previously warned, Best Buy suffered a continuing operations loss of $13 million for the quarter, according to its latest results. This is down from the $173 million in profit from the same period last year, with revenue also declining year-on-year to $10.75 billion from $11.15 billion, and the domestic segment operating income dropping from $249 million to just $50 million for the same period.
Stagnant global economy blamed for lower demand
Canon has seen its net income go down by more than a third, according to the company's third quarter results. Revenues dropped to $10.3 billion, a fall of 13 percent compared to last year's results, with the continued low demand of the company's products claimed to be the main culprit. Demand for compact cameras have stalled, with the "stagnation of the global economy" receiving the blame.
Lower profit suggested due to Forex, tax rates
Acer has released its third quarter financial results, with its quarterly net profit of NT$68 million ($2.3 million) below that of a number of estimates. Reasons for the lackluster earnings were not forthcoming from the company, though it was noted that the profit is higher than the NT$56 million ($1.9 million) reached in the second quarter, and better than the net loss of NT$1.1 billion ($37 million) endured in Q3 2011.
AMD posts loss, CEO leaves
AMD on Thursday posted disappointing second quarter results, citing a net loss of $1.189 billion, or $1.96 per share, while also announcing that CEO Hector Ruiz would step down from his position. In terms of continuing operations, the net loss was posted as $269 million (44¢ per share), with operating losses at $143 million. Net favorable impact sits at $97 million (16¢ per share), while losses from discontinued operations came in at $920 million ($1.52 per share) and impairment charges at $876 million ($1.44 per share).
Dell revenue up
Dell has reported fiscal first quarter revenue of $16 billion, a 9 percent year-over-year increase. While net earnings of $0.38 cents per share represent a 12 percent increase, operating income was down 4 percent compared to the year-ago quarter. In a statement, Dell officials said that the results were driven by "better-than-industry growth of commercial and consumer products and services, and lower operating expense as a percent of revenue." Specifically, notebook sales skyrocketed 43 percent, a rate Dell says is 1.2 times the industry average. The consumer segment was also especially strong, with Dell claiming to grow global share of this market by 1.2 points to 8.8 percent during the quarter.
RIM posts large profits
BlackBerry manufacturer RIM today posted its fourth quarter and year-end results for fiscal 2008, with quarterly revenue topping 1.88 billion, or a 102-percent increase from the year ago quarter. RIM boasts a user base of 14 million, 2.18 million of which were new subscribers for the quarter, or an increase of 32-percent from the previous quarter. Overall, RIM posted a 98-percent revenue increase for the year, with total revenue sitting at $6.01 billion.
iPhone best seller for O2
O2 today revealed that the iPhone is its fasting selling device for the UK, noting that the device has helped it achieve 9.5-percent revenue growth during the final quarter for 2007. While O2 did not provide specific sales numbers for the device alone, it said that the iPhone led its strongest quarter on record, adding 483,000 customers and 276,000 contracts to its roster. These latest results are the first to show the effects of the iPhone on the company's UK sales, according to Pocket-lint.co.uk.
Apple's Q1 2008 results
Apple on Tuesday will release its Q1 fiscal results, which are expected to show better-than-anticipated numbers, mainly due to strong Mac sales. Despite a steady tumble in share price starting in early January, analysts are predicting that Apple could be worth close to $600 per share within 18 months. In addition to strong machine sales, the optimistic outlook is fueled by Apple's desire to sell 10 million iPhones by the end of 2008, as well as the prospect of an iPhone "nano".