Tag Archives: 2011

Lenovo beats PC market with 46 percent profit surge

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Yep, it's party-time in Beijing once again. While the PC industry as a whole reportedly grew by a tight handful of percentage points over the past year, Lenovo has somehow managed to continue its long-running growth spurt, with shipments up 44 percent and operating profits up 46 percent. Sales of both laptop and desktop (including IdeaCentre all-in-ones) grew roughly equally, helped along by blossoming demand in emerging markets, while fledgling smartphones and tablets also proved popular in Lenovo's homeland. The manufacturer reckons it's now second in command of the market behind HP, although it conveniently disregards Apple's iPad from its ranking.

Lenovo beats PC market with 46 percent profit surge originally appeared on Engadget on Wed, 23 May 2012 03:16:00 EDT. Please see our terms for use of feeds.

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Panasonic racks up a record loss for 2012, looks forward to profits and a partner for OLED TVs

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Panasonic racks up a record loss for 2012, looks forward to profits and a partner for OLED TVs

Panasonic's yearly earnings are in and the red ink added up to a record $9.7 billion net loss for 2011. Number one on incoming president Kazuhiro Tsuga's list is turning around the company's TV division, where its heavy investments in both plasma and LCD manufacturing resulted in heavy losses. Currently the company expects a better result in both next year after 2011's write downs and restructuring, although its projections see total sales falling from 17.3 million last year to 15.5 million. Panasonic is expected to follow Samsung and LG into large screen OLED HDTV production and outgoing prez Fumio Ohtsubo mentioned it would likely look for a partner there. Sumitomo has been rumored as a potential ally in the past, though a preference for run-flat tires could not be confirmed at press time.

Panasonic racks up a record loss for 2012, looks forward to profits and a partner for OLED TVs originally appeared on Engadget on Sun, 13 May 2012 06:57:00 EDT. Please see our terms for use of feeds.

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Sony’s final 2011 report shows a record net loss, optimism for 2012

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After a slew of bad news and drastically restated projections, Sony has reported the numbers for its full 2011 financial year and as expected, they're not good. The company experienced a record net loss of 456.7 billion yen ($5.73 billion) and an operating loss of 67.3 billion yen. The good news to look forward to however, is that it currently expects an operating profit of 180 billion yen for next year. For the year, it also noted sales of 13.9 million units for the PlayStation 3, 6.8 million PSPs/PS Vitas, 19.6 million LCD TVs and 21 million cameras. Next year, Sony is looking to move 16 million PS3s and 33 million smartphones. New CEO Kaz Hirai has detailed the "One Sony" strategy he hopes will bring the company back to financial health but with its current worth standing at just a fraction of competitors like Samsung and Apple (Reuters pegs it at 10 percent and 3 percent, respectively), the electronics giant has a long, long way to go. Hit the source link below for more dirty financial details, slideshows and spreadsheets.

Sony's final 2011 report shows a record net loss, optimism for 2012 originally appeared on Engadget on Thu, 10 May 2012 03:02:00 EDT. Please see our terms for use of feeds.

Permalink   |  sourceSony FY 2011 (PDF), Slides  | Email this | Comments

Toshiba made $898.8 million profit, could manage to lend you twenty bucks

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Toshiba isn't going with the flow this financial season, bucking the trend and posting a healthy (albeit reduced) net profit of 73.7 billion yen ($898.8 million). Whilst down from $1.7 billion in 2010, the company points to the European debt crisis, Japanese Earthquake and high oil prices as the barriers to further success. Unlike its local rivals, Tosh branched out early into "social infrastructure," building everything from radiation detectors, power plants and LED light bulbs -- businesses that made a stack of cash while its computer and TV businesses slumped. Unencumbered by these crises in the future, the company is projecting to make $1.68 billion across the next 12 months -- at which point it might treat itself to a spa day, or something.

Continue reading Toshiba made $898.8 million profit, could manage to lend you twenty bucks

Toshiba made $898.8 million profit, could manage to lend you twenty bucks originally appeared on Engadget on Tue, 08 May 2012 05:21:00 EDT. Please see our terms for use of feeds.

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Rovio makes a Mighty Eagle’s $68 million in profit in financial squawk

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Rovio has announced that in 2011, it made a huge $106.3 million turnover and a whopping $67.6 million in profit (before tax), showing that flinging feathery fowl is a very serious business. Fueled by the success of Angry Birds, Seasons and Rio, the company grew by a factor of eight in the last year, from 28 employees all the way to 224. The company adds that the three games were downloaded 648 million times and are now used by 200 million daily users, while sales of merchandise contributed to around 30 percent of the total revenue. The report adds that the only barrier to future profits is if people stop buying new smartphones, but we're not sure that's likely to be the case for a while.

Continue reading Rovio makes a Mighty Eagle's $68 million in profit in financial squawk

Rovio makes a Mighty Eagle's $68 million in profit in financial squawk originally appeared on Engadget on Mon, 07 May 2012 15:23:00 EDT. Please see our terms for use of feeds.

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

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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.

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Huawei 2011 financials: 20 million smartphones sold yet profit down 53 percent

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Huawei's annual earnings report is out and it's a mixed bag, since while turnover increased by 11.7 percent to 203.9 RMB ($32.3 billion), profits plummeted 53 percent to 11.6 billion RMB ($1.8 billion). Revenue from overseas sales (138.4 billion RMB) equated for over half the company's total income and it boasted of having sold 150 million consumer devices, including 20 million smartphones in the year. The company didn't provide reasons for the drop in profit, emphasizing that it's increased R&D spending by 34.2 percent to 23.7 billion RMB ($3.75 billion) and that in any event, it's got around $30 billion of assets that can shoulder the brunt of a bad year.

However, the company may not see a rosy 2012 either, after both America and Australia refused to give the company big infrastructure deals (Huawei's bread and butter) thanks to allegedly close relationships between the company and the Chinese government. It seems to be following a similar trajectory to rival ZTE, which also felt margins squeeze as it entered the global retail space and felt the heat when its political dealings were thrown in the spotlight.

Continue reading Huawei 2011 financials: 20 million smartphones sold yet profit down 53 percent

Huawei 2011 financials: 20 million smartphones sold yet profit down 53 percent originally appeared on Engadget on Mon, 23 Apr 2012 17:12:00 EDT. Please see our terms for use of feeds.

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Sony revises projections, sees $6.4 billion net loss for 2011

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While we wait to hear Kaz Hirai's new plan for Sony, the news is getting worse before it gets better. The company just announced new projections that are more than double the net loss it predicted in February for the fiscal year 2011, to the tune of $6.4 billion. The reason? According to Reuters, it's additional tax expenses that are causing the pain, as Sony says it's "due to the establishment of valuation allowances against certain deferred tax assets, predominantly in the U.S." There is a silver lining to this cloud however, as the company is projecting an operational profit of 180 billion yen ($2.2 billion US) in 2012, compared to a loss of 95 billion yen ($1.16 billion US) last year. There are already predictions that Kaz will announce significant cuts in jobs and bonuses on the 12th, and from the numbers in the PDF linked below you can see why.

Sony revises projections, sees $6.4 billion net loss for 2011 originally appeared on Engadget on Tue, 10 Apr 2012 03:27:00 EDT. Please see our terms for use of feeds.

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Sega streamlines US, European operations after 2011 figures predict $86 million loss

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Sega Sammy Holdings Inc. has announced that it will begin streamlining its American and European operations after posting an 7.1 billion Yen ($86 million dollar) extraordinary loss for the 2011 year. The move is expected to create a "smaller company positioned for sustained profitability" with the company planning a shift to a new "digital content" strategy. It'll cancel work on new, forthcoming titles and just concentrate on key earners like the Sonic, Football Manager and Total War franchises. There's no official word on if it'll involve job losses, but the company is setting aside 4.9 billion yen ($59.7 million) of that loss figure in order to cover the costs of the corporate reorganization. In the meantime, we're off to pour one out for one of our childhood staples.

Sega streamlines US, European operations after 2011 figures predict $86 million loss originally appeared on Engadget on Fri, 30 Mar 2012 11:07:00 EDT. Please see our terms for use of feeds.

Permalink Gamesindustry  |  sourceSega (PDF), (2) (PDF)  | Email this | Comments

ZTE announces 2011 financials: turnover up, profits down, political scandals tricky

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ZTE's annual earnings report is out and it's a mixed bag for the Chinese company with aspirations to go west. Revenues grew 23 percent to 86.25 billion RMB ($13.7 billion) but net profit fell a hefty 36.6 percent to 2.06 billion RMB ($327 million). More than half of ZTE's operating revenue came from overseas as the company moves into the global space and, while some of that cash came from its smartphone business, much more poured in from the infrastructure arm that supplies LTE equipment to networks. At the same time, ZTE is having to deal with accusations that it sold $131 million worth of snooping gear to Iran to monitor its own citizens, forcing the company to limit its operations there -- although it insists this won't have any impact on its future income.

Continue reading ZTE announces 2011 financials: turnover up, profits down, political scandals tricky

ZTE announces 2011 financials: turnover up, profits down, political scandals tricky originally appeared on Engadget on Fri, 30 Mar 2012 04:08:00 EDT. Please see our terms for use of feeds.

Permalink The Next Web  |  sourceZTE, Reuters  | Email this | Comments