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Strong smartphone sales lead Samsung to record quarterly profit
- Samsung set a new net profit record of 7.15 trillion won ($6.4 billion) in the first quarter of 2013 thanks to strong smartphone sales. That’s up from 5.05 trillion won during the same time a year ago and higher than…
Markus 'Notch' Persson's discusses the $100 million he earned in 2012
- Minecraft creator Markus “Notch” Persson earned just over $100 million in licensing fees from the game in 2012 according to a report in the Swedish financial press. The outspoken creator is still all a bit taken back by the fame…
Amazon Q4 results: revenue up 22% but profit slips 45%
- Amazon had a predictably solid holiday season that saw revenue climb 22 percent over the same period last year to $21.27 billion. Those fortunes, however, were overshadowed by a 45 percent decline in profit, dropping to just $97 million to…
Samsung reports $52.45 billion in revenue, good for $8.27 billion profit
- Samsung recently reported fourth quarter 2012 earnings which narrowly outpaced estimates released earlier this month. The South Korean multinational conglomerate earned revenues of roughly $52.45 billion with a profit of $8.27 billion. Samsung said the profit was up 10 percent…
Apple posts record earnings, iPhone and iPad sales, yet misses Wall Street expectations
- One would think that posting record revenue and record quarterly profit would be seen as a good thing, but apparently that’s not good enough if your name is Apple. Despite the aforementioned good fortune, Cupertino still missed analyst’s lofty expectations…
Nvidia posts solid Q3 results, says future of cheap PCs is tablets
- Nvidia posted solid financial results for its fiscal third quarter ended October 28, helped by the growing demand for Tegra chips in smartphones and tablets as well as a successful rollout of its Kepler-based graphics lineup for PCs. Net income…
Asus reports positive third quarter, credits strong tablet sales
- Asus have plenty of reasons to celebrate today. In the wake of dreadful quarterly reports from fellow PC makers Dell and HP earlier this year, the Taiwanese computer and tablet maker posted positive third quarter results on Tuesday.
Apple's Q4 revenue hits $36 billion, Spotify rival rumored for early 2013
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On the heels of unveiling its iPad mini and new Macs, Apple has reported its fourth quarter financial results, posting revenue of $35.97 billion with net income reaching $8.2 billion ($8.67 a share), up from $28.27 billion and $6.62 billion a year ago. Although its revenue beat...
Facebook third quarter earnings barely top Wall Street estimates
- Facebook’s third quarter financials ever so slightly topped Wall Street estimates. The social network reported revenue of $1.26 billion on the quarter ending September 30, just north of analysts’ predictions of $1.23 billion. Earnings leveled out at 12 cents per…
Nokia posts $754 million loss for Q3 as Lumia sales decline
- Stephen Elop was faced with the monumental task of reversing Nokia’s misfortunes when he took over as CEO in early 2011. Unfortunately for the Finnish handset maker, things are still looking bleak as the company reported its sixth straight quarterly…
Facebook posts Q2 loss, has 955 million active monthly users
- Shares in Facebook fell to a record-low $23.94 in after-hours trading last night, a drop of 11%, after the company reported a loss in its second quarter financial results. This was the firm’s first report since being publicly floated on…
Nokia posts $1 billion operating loss, considers patents sale
- Nokia today announced a $1.7 billion operating loss on $9.23 billion revenue for the three month period from April through June of 2012. The company managed to sell 4 million units of its Lumia devices, but overall Nokia's smartphone sales…
AMD slashes Q2 revenue guidance, shares slide
- Shares of Advanced Micro Devices (AMD) fell as much as 9% in early trading after the chip vendor slashed its second quarter sales outlook, which is now expected to fall 11% from the first quarter. The company originally expected revenue…
Samsung soars to $5.9bn profit driven by Galaxy smartphone demand
- Samsung's profits soared in its second quarter thanks to stronger than expected sales of its Galaxy S3 smartphone, despite parts supply problems and issues with maintaining stock levels at retailers. The South Korean firm's other businesses struggled however, with its…
Nvidia Q1 revenue and profit down, Q2 outlook beats estimates
- Nvidia on Friday reported revenue of $924.9 million for the company's first quarter of fiscal 2013 ended April 29, 2012, down from $962 million a year ago but still topping average analyst estimates of $916.2 million. Net profits took the…
Angry Birds creator Rovio ready to go public after strong 2011 earnings
- Rovio Entertainment is now set for a stock market listing after posting strong earnings for 2011 that saw sales jump tenfold over the previous year. Some analysts have valued the Angry Birds creator at nearly $9 billion.
Nokia Q1 revenue falls 29 percent, head of sales steps down
- Nokia has announced the financial results for their first quarter of 2012 this morning, revealing a dramatic 30 percent drop in net sales as well as the stepping down of the company's head of sales at a time when the…
Google announces strong first quarter results, two-for-one stock split
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Internet search giant, Google has reported strong first quarter earnings culminating in a 60 percent increase in earnings year on year, as well as an unusual two-for-one stock split that will effectively act as a one off dividend for...
Nokia predicts losses for first half of 2012, shares tumble 14%
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Shares in Finnish phone maker Nokia dropped 14 percent yesterday after the firm announced they expected to publish losses for the first six months of this year, due to strong sales of competing smartphone handsets, and dwindling...
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