Posted May 9, 2013, 2:00 PM by Shawn Knight | Filed in Industry News
Tesla Motors reported a quarterly profit for the first time in its 10-year history during the first quarter of 2013. This was done by exceeding their own targets for deliveries, expanding gross margin and improving execution throughout the company according…
Posted April 26, 2013, 1:30 PM by Shawn Knight | Filed in Industry News
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…
Posted January 31, 2013, 4:00 PM by Shawn Knight | Filed in Industry News
Facebook has released fourth quarter and full year financial results for the period ending December 31, 2012. The social network reported $1.59 billion in revenue, topping Wall Street estimates with a healthy 40 percent year over year increase. Profit, however,…
Posted January 30, 2013, 8:30 AM by Shawn Knight | Filed in Industry News
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…
Posted January 25, 2013, 1:00 PM by Shawn Knight | Filed in Industry News
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…
Posted January 25, 2013, 8:30 AM by Shawn Knight | Filed in Microsoft
Microsoft reported a 2.7 percent increase in revenue for the quarter ending December 31, 2012, from $20.9 billion a year ago to $21.5 billion over the past three months. Even with extra help from Windows 8 and supporting hardware, the…
It appears sales of Microsoft's Surface RT tablet may have only performed half as well as analysts expected during Q4 2012. Industry researcher Brent Thill of UBS said that Microsoft only sold about one million units -- that's one million…
Posted October 24, 2012, 6:30 PM by Shawn Knight | Filed in Gaming
Nintendo has revealed that demand for their aging Wii console and recently-released 3DS portable gaming system has been lower than anticipated. The iconic gaming company managed to move just 1.3 million consoles in the last six months due in part…
Posted September 10, 2012, 2:30 PM by Rick Burgess | Filed in Industry News
In May, HP announced it would be cutting 27,000 jobs worldwide or about seven percent of its total workforce. However, yesterday ZDNet broke down HP's 10-Q quarterly SEC filing which spells out the elimination of 2,000 more jobs than previously stated, making for…
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