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Tesla reaches profitability for the first time in its 10-year history

Tesla reaches profitability for the first time in its 10-year history
  • 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…

Strong smartphone sales lead Samsung to record quarterly profit

Strong smartphone sales lead Samsung to record quarterly profit
  • 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…

Facebook profits tumble due to heavy mobile spending

Facebook profits tumble due to heavy mobile spending
  • 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,…

Amazon Q4 results: revenue up 22% but profit slips 45%

Amazon Q4 results: revenue up 22% but profit slips 45%
  • 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…

Samsung reports $52.45 billion in revenue, good for $8.27 billion profit

Samsung reports $52.45 billion in revenue, good for $8.27 billion profit
  • 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…

Microsoft reports increased revenue due to Windows 8, profit down

Microsoft reports increased revenue due to Windows 8, profit down
  • 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…

Microsoft Surface sold fewer than 1 million units in Q4 2012

Microsoft Surface sold fewer than 1 million units in Q4 2012
  • Posted January 14, 2013, 6:00 PM by Rick Burgess | Filed in Microsoft, Mobile Computing
  • 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…

Nintendo slashes profit outlook following weak system sales

Nintendo slashes profit outlook following weak system sales
  • 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…

HP bumps layoffs up to 29,000, plans to invest more into R&D

HP bumps layoffs up to 29,000, plans to invest more into R&D
  • 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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