earnings
Business
Dell’s Net Income Drops 54%
3:31AM Mark Wilson | Bad news for Dell. With quarterly earnings reports in, their year-on-year revenue has dropped 15 per cent to just shy of $US13 billion, and their net income dropped 54 per cent to $US337 million. Surprisingly, Dell’s home PC business is up 17 per cent from last year, but they’re making less money off it, with revenue in that sector down 10 per cent. [Electronista]
Business
Sprint’s Still Bleeding, But Not As Badly
1:54AM Matt Buchanan | It’s been crazy watching Sprint overhaul itself over the last year, going from a wasteland of phones to probably the number two carrier for hardware in the US, so I feel kinda bad that they still bled out over 800,000 postpaid customers this past quarter. (Postpaid are the customers carriers actually want, vs. people who prepay for chunks of minutes.) More »
Games
Why Nintendo Had To Slash The Price Of The Wii
11:33PM Matt Buchanan | It’s time for Nintendo to resort to its classic rainbow strategy to sell more Wiis: Its net profit for the past six months fell by 50 per cent, almost perfectly matching a near 50 per cent drop in Wii sales. More »
Business
Microsoft Profit Down 18%, Which Is Better Than Anybody Expected
2:47AM Matt Buchanan | Microsoft’s earnings don’t look rosy: Revenue’s down 14 per cent from last year, at $US12.92 billion, and net income’s down 18 per cent, to $US3.57 billion. But, that’s way better than anybody was estimating, which sent their stock up. Until CNBC screwed up the numbers, and immediately tanked the stock, costing people a lot of money. Fun time! [Microsoft, Alley Insider]
Business
Apple: “People Are Still Just Trying To Catch Up With The First iPhone”
8:35AM Matt Buchanan | Surprisingly the one real moment of shittake in the Apple earnings call was prodded by an analyst who asked Apple COO Tim Cook what he thought about iPhone wannabes “like Android.” Tim Cook flings some poo at everybody else: More »
Business
Apple Crushes Recession By Selling More Macs, iPhones Than Ever
7:35AM Matt Buchanan | Apple just sold more Macs and iPhones than ever before: 3.05 million Macs and 7.4 million iPhones. iPods, doomed that they are, are still dying. But, Steve promises “some really great new products in the pipeline for 2010.” More »
Business
Chart Of The Day: Google’s Massive Cash Flow In Context II
Business
The Recession Is Over (According To Google)
11:55PM Matt Buchanan | Everybody take to the streets with streamers, quick, the recession is over. Google’s earnings were back up this quarter (27 per cent increase in profits over last year, to $US1.64 billion) with internet advertising picking up again. Google’s gonna start spending money and hiring people again. Money! Jobs! Everything’s okay now. For Google, anyway. [WSJ]
Business
Told Ya Nokia Was Doomed
2:37AM Matt Buchanan | While most of Nokia’s billion dollar loss—the first in a decade—comes from its network equipment side, it’s worth noting their marketshare has tumbled again, down to 35 per cent, from 41 per cent last quarter. It used to be over 50. Anyone wanna guess where it’s stopping? [Nokia]
Business
