While most companies are struggling to get any sales, Cupertino electronics giant Apple just posted a net profit of $ 10.5 Billion. Although, lower than last year’s income of $13.6 billion Apple is still going strong.
The Company posted lower quarterly revenue of $50.6 billion which compared to revenue of $58 billion, in the year-ago quarter, is not a big drop.
“Our team executed extremely well in the face of strong macroeconomic headwinds,” said Tim Cook, Apple’s CEO.
We generated strong operating cash flow of $11.6 billion and returned $10 billion to shareholders through our capital return program during the March quarter,” said Luca Maestri, [...]
Another year another record quarterly earnings by Apple. The Cupertino-based giant announced their fiscal first quarter earnings ended December 26, 2015. A record quarterly revenue of $75.9 billion with a profit of $18.4 billion, the largest in history. This is a little over than the numbers Apple raked in the same quarter the year before, which was the largest ever recorded by a single public corporation then.
“Our team delivered Apple’s biggest quarter ever, thanks to the world’s most innovative products and all-time record sales of iPhone, Apple Watch and Apple TV,” said Tim Cook, Apple’s CEO. “The growth of our Services business accelerated during the quarter to produce [...]
South Korean tech giant, Samsung has announced expected operating profits for Q4 2015. The company foretold an operating profit of 6.1 trillion Korean won (around $5.08 billion), which is up 15% compared to the 5.3 trillion won figure the company reported in Q4 2014.Analysts had expected the figure to be closer to 6.6tn won, fueling growth concerns. This comes after Samsung products got hit by weak demand in China and currency woes. Operating profits also fell 7.5% from the previous quarter. Sales of the world’s biggest maker of memory chips, smartphones, and other consumer devices also missed forecasts at 53tn won for the period.
These figures, point towards what could [...]
Given its popularity, one might think that Instagram was earning millions of dollars through its followers. But what sort of an app will earn money if its only function is uploading or liking pictures? It barely earned a penny. Then, in 2012, it got a push because Facebook bought it for a billion dollars. However, the income was still meagre. Now in 2015, this is why it’s going to change:
Instagram will finally allow a fully operational Ad business, providing shopping links with their posts, aided by Facebook targeted groups. Yes, this means that Instagram, will now have a ‘Shop Now’ button that will [...]
Apple’s earnings report is out and the Cupertino based computing giant has exciting numbers to show. The Company posted quarterly revenue of $37.5 billion and quarterly net profit of $7.5 billion, or $8.26 per diluted share, compared to revenue of $36 billion and net profit of $8.2 billion, or $8.67 per diluted share, in the year-ago quarter. Gross margin was 37 percent compared to 40 percent in the year-ago quarter. International sales accounted for 60 percent of the quarter’s revenue.
Apple also sold 33.8 million iPhones compared to 26.9 million along with 14.1 million iPads during the quarter, compared to 14 [...]
Google has released its Q2 2013 earnings today and, though they appear strong in absolutes, they missed analysts’ expectations by a fairly wide margin.
The company posted $14.1 billion in revenue, up slightly from last quarter and an improvement of 20% from the previous quarter last year, but analysts were expecting $14.4 billion. Net income was solid at $3.23 billion and $9.56 per share but, again, they were below expectations.
Motorola maintained its reputation as an anchor weighing down the otherwise-profitable Google, as the hardware division posted a quarterly loss of $342 [...]
Google presented its Q1 2013 earnings today and, overall, the company looks to be in good shape. Revenues of $13.97 billion were down slightly from the always-hot previous quarter, but that number was in line with analysts’ expectations. More impressive was the $3.35 billion net income, which was up over 30% from the same period a year ago.
Motorola Mobility continued to shed money, gross revenue of $1.02 billion and a net loss of $271 million. Patrick Pichette, Google’s CFO, said, ”We’re pleased with the velocity of change at Motorola Mobility. We’re excited about the future, but results will continue to be variable.” [...]
LG Q2 earnings are out as it registered net profits of $138 million, up 46 percent from the same period last year. The mobile division struggled after a strong Q1 and took an operating loss, however the positive takeaways are a rising percentage of smartphone shipments and plans to launch new LTE-connected models in North America. LG is also banking of future deployments in countries like India and China.
the home theater segment came out strong with an operating profit of more than double last year at $187.5 million despite slightly lower sales due to an increase in sales of premium products like its Cinema 3D HDTVs. LG also expects to be the top 3D display maker in [...]
Apple has announced their Q3 results and as always the company has posted a massive profit. The company pulled in $35 billion in revenue, pocketing $8.8 billion of pure profit, a record for both in Q3. Profits were up $1.5 billion from Q3 of 2011. During the last three months the company shipped 17 million iPads, an 84 percent increase when compared to the same quarter in 2011.
More than $16 billion of the total revenue is directly attributable to the smaller member of the iOS family, the iPhone. The iPad is also not behind getting over $9 billion in this quarter alone. As an up, Apple is able to award its investors a $2.65 per-share dividend.For the next quarter Apple [...]
Nokia’s Q2 result shows that the company has made a loss of over US $ 1 Billion in last quarter, however sales were at US $9.2 billion which is still .5 Billion lower than last quarter.
Nokia has sold a total of 73 million handsets, most of which are thanks to the Asha series. Nokia is low on cash reserves as the company shows total $5.1 billion in reserves vs the $6.3 billion in Q1. Nokia did get $250 million support from Microsoft, but that does not have seemed to help the situation.
You can read the full report at the link below
Motorola has posted yet another disappointing quarter, while revenues were up to $3.1 billion, Moto lost $86 million in Q1 of 2012. That is 6 more million lost compared to their previous quarter. In terms of shipments only 8.9 million devices were shipped in the quarter which is down from the 10.5 million shipped last quarter. The company’s home gateways and broadcast goods, managed to generate $68 million, up from $53 million a year ago.
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Motorola Mobility Announces First [...]
Airtel has posted their Q4 result. While their numbers have grown crossing 250 million subscribers across 20 countries, and revenues are up by 20% year over year, the overall profit dropped from Rs. 1,401 crore to Rs. 1,006 crore. Airtel blames this on higher costs on account of 3G license fee amortization (Rs 106 crore), 3G interest costs (Rs 84 crore), forex fluctuation losses (Rs 132 crore) and tax provisions (Rs 198 crore).
In India alone, the company saw a growth of 11.6% for the full year which was resulted due to stability in pricing accompanied by robust growth in customer numbers. The full year Revenues were up 20% year over year to Rs. 71,451 crore, while net [...]