Profits | Cell Phone Tracking Blog

Posts Tagged ‘Profits’

Sharp posts $1.4 billion extraordinary loss, refocuses on mobile displays

Friday, April 27th, 2012

Sharp posts $1.4 billion extraordinary loss for 2011 - 2012, sees writing on wall in high definitionSharp has reported an extraordinary loss of 117.1 billion yen ($1.4 billion) for the financial year ending March 2012. The company has cited restructuring costs and inventory losses as the causes for the write-down, but also projected that its TV business would lose a further 18.7 percent of its projected sales in the current year. The company has decided to convert some of its big-screen LCD production lines into mobile LCDs as it tries to reassert its dwindling display business. It’s yet more bad news after the company sold part of its LCD manufacturing business to Hon Hai, Sony withdrew from a joint venture and refused to deal with Sharp in the future, plus an 86 percent collapse in profits.

Continue reading Sharp posts $1.4 billion extraordinary loss, refocuses on mobile displays

Sharp posts $1.4 billion extraordinary loss, refocuses on mobile displays originally appeared on Engadget on Fri, 27 Apr 2012 04:20:00 EDT. Please see our terms for use of feeds.

Permalink Reuters  |  sourceSharp  | Email this | Comments

 Mail this post

LG’s Q1 2012 earnings show greater profits on strong TV, phone sales

Tuesday, April 24th, 2012

Image

LG has released its Q1 2012 numbers, and there’s plenty of good news to go around, with TV profits that nearly doubled and profit from cellphones for the second quarter in a row following six straight quarters of losses. Despite slightly lower sales, more of the units that did sell had higher prices and made more profit. In its press release, the company claimed to have “turned the corner” with a net profit of $215 million, blaming the slower sales of TVs on the European economy and cellphones on declining featurephone sales. We don’t have specific numbers, but it called out the popularity of the Optimus LTE and Optimus Vu as part of the reason for increased revenues. Of course, the year is only just getting under way, and the company is expected to introduce its first 55-inch OLED HDTV soon, as well as quad-core smartphones and a new L-style series of phones. Before that however, it will have to deal with the competition from fellow Korean giant Samsung which will report its earnings later this week and has a few high profile releases up its sleeves as well. There’s more details in the press release after the break, and PDF linked below.

Continue reading LG’s Q1 2012 earnings show greater profits on strong TV, phone sales

LG’s Q1 2012 earnings show greater profits on strong TV, phone sales originally appeared on Engadget on Wed, 25 Apr 2012 01:11:00 EDT. Please see our terms for use of feeds.

Permalink   |  sourceLG Q1 2012 results (PDF)  | Email this | Comments

 Mail this post

Where Were You Hundreds Of Birthdays and Christmases Ago Tape Scissors? [Tools]

Saturday, April 14th, 2012

Samsung may reenter Japanese TV market

Tuesday, January 3rd, 2012

Samsung may soon begin selling its televisions in Japan after taking a several year hiatus. Samsung is reportedly talking to Yamada Denki Co and Yodobashi Camera Co., two retailers in the country, Reuters said Monday. Samsung originally left the market citing an increase in competition from other television makers and a drop in profits. The South Korean firm is expected to unveil several new models during this year’s Consumer Electronics Show in Las Vegas. LG, one of the Samsung’s largest competitors, took the wraps off of a gorgeous nearly borderless 55-inch OLED television on Monday.

Read

 Mail this post

Sports Fans Coalition intends to lobby against NFL blackouts

Wednesday, November 16th, 2011

We know how it is, you have a big HDTV and inexpensive adult beverages at home and you just don’t feel compelled to spend the bucks to go to the game in these tough economic times. We feel for you, but the NFL does not as your situation doesn’t exactly pay all those player’s salaries. Well, starting this Friday the Sports Fans Coalition, along with other organizations, plans to petition the FCC for change to the current blackout rule. The groups argue that since many of the stadiums are built with public funds, Joe Consumer has the right to watch those games at home. As is, we’re mostly just glad the old NFL blackout policy, prior to 1973 that made all home games unavailable to the home market, isn’t still in effect. Of course that doesn’t mean that we believe the current blackout policy actually helps sell those $100+ tickets and believe the NFL might realize more profits if it sought out more modern supplemental revenue strategies.

Sports Fans Coalition intends to lobby against NFL blackouts originally appeared on Engadget on Wed, 16 Nov 2011 23:57:00 EDT. Please see our terms for use of feeds.

Permalink   |  sourcePolitico  | Email this | Comments

 Mail this post

Qualcomm announces Q4 earnings: rakes in $4.12 billion in revenue

Wednesday, November 2nd, 2011
Qualcomm Earnings

The Qualcomm juggernaut just keeps on rolling. As the company’s financial year comes to a close it’s celebrating yet another stellar quarter, reporting $4.12 billion in revenue — up 39-percent from the same time last year and a dramatic 14-percent higher than its Q3 earnings. Of that incoming green, $1.06 was profit. For the year as a whole, Qualcomm saw profits rise 31-percent over 2010 to $4.26 billion while revenues were 36-percent higher than last year, reaching $14.96 billion. Qualcomm exceed expectations not only for earnings but also sales — moving 127 million MSM chips in Q4, when analysts were estimating between 120 and 125 million units sold. You’ll find some PR after the break but, for all the pretty financial charts you’ll have to hit up the source.

Continue reading Qualcomm announces Q4 earnings: rakes in $4.12 billion in revenue

Qualcomm announces Q4 earnings: rakes in $4.12 billion in revenue originally appeared on Engadget on Wed, 02 Nov 2011 17:22:00 EDT. Please see our terms for use of feeds.

Permalink   |  sourcePRNewswire  | Email this | Comments

 Mail this post

LG turns it around, reports profits back in the green

Wednesday, July 27th, 2011

After six months of knuckle-crunching losses, LG can finally wind the window down and turn the radio on to Seoul FM. The electronics giant just reported a net profit of ₩108 billion ($100 million) in the last quarter, primarily thanks to sales of LED and Cinema 3D TVs. Its handset subsidiary, which has been pushing into the Android high end with devices like the Optimus 2X, is still bleeding cash — but losses were halved compared to last quarter, so perhaps the wound is finally scabbing over. Meanwhile, the LG Home Appliance Company posted “record-high” sales, but it’ll have to Thinq even harder in future because profits were held back by higher material costs, currency fluctuations and greater competition. Definitely too soon for cruise control.

LG turns it around, reports profits back in the green originally appeared on Engadget on Wed, 27 Jul 2011 04:50:00 EDT. Please see our terms for use of feeds.

Permalink   |  sourceLG  | Email this | Comments

 Mail this post

AMD earnings continue to drop despite record CPU sales, GPU business loses $7 million

Thursday, July 21st, 2011

AMD Earnings
Poor AMD. While Chipzilla just keeps shattering its own earnings records, the little company that could from Sunnyvale is struggling to chug its way uphill. Its total revenue of $1.57 billion represents a two-percent drop from the last quarter and five percent from the same time last year. Total profits fell from half a billion in Q1 to just $61 million. News was particularly bad at the graphics division which saw revenues plummet 11 percent from Q1. In total, the former ATI brand lost $7 million. It’s not all bad news, though — the company did ship a record number of mobile CPUs, won some awards, and increased its presence on the top 500 super computer list by 15 percent. That’s gotta count for something right?

[Thanks, Matt]

AMD earnings continue to drop despite record CPU sales, GPU business loses $7 million originally appeared on Engadget on Thu, 21 Jul 2011 18:02:00 EDT. Please see our terms for use of feeds.

Permalink   |  sourceAMD  | Email this | Comments

 Mail this post

Apple passes Nokia to become world’s top smartphone vendor

Thursday, July 21st, 2011

Continued strong sales of Apple’s blockbuster smartphone have propelled the Cupertino-based company into the No. 1 spot globally. As noted by the Financial Times, Apple shipped 20.34 million iPhone handsets last quarter, up from 18.7 million units in the first quarter of 2011. Meanwhile Nokia’s smartphone shipments dropped from 24.2 million units in the first quarter to just 16.7 million smartphones in the June quarter — 3.64 million fewer smartphones than Apple. With just two smartphone models currently available for sale, Apple had already been the world’s top smartphone vendor by revenue and profits. The June quarter marks the first time the company has managed to out-sell Nokia by volume, however.

Read

 Mail this post

Cisco to cut 6,500 jobs to boost profits

Wednesday, July 20th, 2011

Cisco announced on Tuesday that it will layoff 9% of its workforce, or 6,500 jobs, in an effort to boost profits. That figure is lower than original speculation that the company would cut 10,000 employees. Cisco made the move as part of an effort to cut $1 billion in annual costs while spurring profit growth, Bloomberg reported. 2,100 of the 6,500 employees have agreed to an early-retirement program. Additionally, Cisco plans to sell a Juarez, Mexico-based manufacturing facility to Foxconn. The move will transfer 5,000 workers elsewhere but will not result in job cuts. Earlier this year, the company laid-off 550 additional employees when it announced that it was killing off its Flip camera arm in an effort to restructure its consumer business.

Read

 Mail this post

Samsung component sales to suffer in second half, exec says

Monday, July 4th, 2011

Last week, Samsung announced that it will combine its LCD and semiconductor businesses. The move is expected to conceal poor LCD sales, but the head of the new combined business, Kwon Oh-hyun, has said that he expects the overall performance to falter during the second half of the year. “In the past, the semiconductor market tended to be weaker in the first half and stronger in the second half, but for this year, it is likely to remain flat throughout the latter half,” Kwon said according to The Wall Street Journal. Samsung typically sees 70% of its operating profits and 44% of its revenues from the combined sales of its semiconductor and LCD products. The South Korean firm is currently locked up in multiple legal battles with Apple — the largest buyer of its LCD products — and rumor has it the Cupertino-based firm is considering dropping Samsung as a supplier.

 Mail this post

Samsung to combine display, semiconductor businesses

Saturday, July 2nd, 2011

Samsung will combine both its flat-panel display and semiconductor businesses into one unit, The Wall Street Journal reported on Friday. Samsung’s display business wasn’t profitable during the first quarter and it’s on track for the same lackluster performance during the second quarter. Combined, however, the display and semiconductor businesses made up 70% of Samsung’s operating profits and 44% of the South Korean company’s revenue, The Wall Street Journal said. In other words, the move looks like an attempt to shroud the poor display performance inside the company’s more successful semiconductor unit. The display unit could see more trouble ahead as well, since Samsung is currently locked in a number of legal battles with Apple, the largest buyer of Samsung’s LCD products. Kwon Oh-hyun, Samsung’s semiconductor president, will oversee the new joint businesses.

 Mail this post

RIM shares hit a five-year low: oh, how the mighty have fallen

Friday, June 17th, 2011

There was a time when RIM owned the smartphone space with its revolutionary push email-equipped BlackBerrys. And there are still plenty of folks who can’t live without a good physical keyboard and BBM. But, despite the company’s $4.9 billion in revenue and $695 million in profits from Q1 2011, RIM’s stock has tumbled to its lowest price in five years. What’s changed since those heady days when it seemed like there was a Pearl in every pocket? As many of you know, Androids and iPhones have carved out a big chunk of the smartphone market, largely at RIM’s expense. Sure, Blackberry 7 OS is coming and the PlayBook is rolling out to help the company gain ground on Android and iOS, but only time will tell if these latest efforts from Waterloo can stem the rising tide of iPhones and little green bots.

RIM shares hit a five-year low: oh, how the mighty have fallen originally appeared on Engadget on Fri, 17 Jun 2011 21:21:00 EDT. Please see our terms for use of feeds.

Permalink   |  sourceMarket Watch  | Email this | Comments

 Mail this post

Nearly half-a-million customers left T-Mobile in Q1 2011

Sunday, May 8th, 2011

Not even promises of a new Sidekick can keep T-Mobile from hemorrhaging customers, it seems, as the company reported significant losses in its Q1 statement for 2011. According to reports, 471,000 contract customers either failed to re-up, or outright canceled their contracts. Stacked against a shortcoming growth of just 372,000 prepaid customers (including MVNO customers for sub-carriers), T-Mobile suffered a net loss of 99,000 users, a 29% increase in losses over the same period for the previous year. Ouch. The firm chalked its loss to increased “competitive pressures,” which lends credence to AT&T’s insistence that Sprint and Verizon are such fierce opponents that it has to acquire T-Mobile for the magenta-tinted carrier to stay in the game. You can judge the profits and pitfalls for yourself — just hit the source link for the full financials.

Nearly half-a-million customers left T-Mobile in Q1 2011 originally appeared on Engadget on Sun, 08 May 2011 10:20:00 EDT. Please see our terms for use of feeds.

Permalink CNET  |  sourceBusinessWire  | Email this | Comments

 Mail this post