Tag Archives: 2012Q1

Olympus hangs $57 million loss on austerity, strong yen and declining compact camera market

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Olympus hangs $57 million loss on austerity, strong yen and declining compact camera market

Olympus is reporting a $56.7 million loss for its first quarter of 2012. While its coveted medical imaging arm remains profitable, its life-science and industrial unit suffered thanks to corporate belt-tightening. Unsurprisingly, its low-end compact camera market is shrinking, but sales of its OM-D E-M5 ILC increased by 50 percent, offsetting some of the losses and reducing operating losses from $89 million last quarter to $19 million in this one. Like many of its Japanese rivals, it's also found a strong yen has stifled its return to productivity, a trend that isn't likely to change soon.

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Olympus hangs $57 million loss on austerity, strong yen and declining compact camera market originally appeared on Engadget on Thu, 09 Aug 2012 05:16:00 EDT. Please see our terms for use of feeds.

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Sony releases Q1 2012 financial results, eats $312 million loss

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Sony's first-quarter figures for 2012 show that despite the company's optimism three months ago, it's made a net loss of $312 million. It pulled in a whopping $19.2 billion in sales for the three months ending June 30th, partly credited to bringing Sony Mobile fully into the family. However, the cost of restructuring the Mobile Products and Communications Division (of which Sony Mobile is a part) came to $143 million, wiping out the additional gains to record a loss of $356 million. Gaming-wise, the PlayStation maker suffered a $45 million loss as falling sales of the PSP and PS3 were only partially offset by the sales of the PS Vita. There was better news in its imaging division, while sales of compact cameras fell, DSLRs and "Professional" products took up the slack, resulting in a profit of $160 million.

In a trend we've seen across the Home Entertainment industry, sales of LCD televisions continued to fall, forcing the company to eat a loss of $126 million. Movie and TV recorded a loss of $62 million, although that's primarily due to a dip in advertising sales in India and the cost of marketing (but not producing) The Amazing Spider-Man, the profits of which won't be recognized until September. Finally, while it spent big to purchase EMI this quarter, big-ticket albums like Usher's Looking 4 Myself and One Direction's Up All Night helped the division make a profit of $92 million. While Sony's treading water to execute Kaz Hirai's "One" Strategy, it's still got $8.4 billion stashed under the mattress, and in the face of lower sales, is hoping that reduced costs will help it make $1.6 billion in profit by the end of March 2013.

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Sony releases Q1 2012 financial results, eats $312 million loss originally appeared on Engadget on Thu, 02 Aug 2012 02:30:00 EDT. Please see our terms for use of feeds.

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Toshiba slips into the red as latest earnings reveal $153 million loss

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Toshiba slips into the red as it records a $153 million loss

Toshiba's most recent fiscal results (the first of its 2012 financial year) show that while the company pulled in $16 billion in turnover, it slumped to a $154 million loss for the last three months. While its "social infrastructure" unit (power plants, LED light bulbs and radiation detectors) generated a $107 million profit, the consumer electronics and white-goods sectors continued to lose sales. The company attributes the loss to further restructuring costs as well as pointing an accusatory digit toward the European financial crisis and concerns about power generation capacity in Japan. Despite the gloom, the company says that it still expects to hit a target of $81 billion turnover and $3.8 billion profit before March 2013.

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Toshiba slips into the red as latest earnings reveal $153 million loss originally appeared on Engadget on Tue, 31 Jul 2012 04:23:00 EDT. Please see our terms for use of feeds.

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TSMC 2012 Q1 results: profits down again as 20-nanometer process proves expensive

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Taiwan Semiconductor Manufacturing Co. has offered up its first quarter results for the year, revealing yet another middling quarter. While turnover was NT$105.51 billion ($3.6 billion) and net profit was NT$33.47 billion ($1.1 billion), that's still 7.7 percent down on the NT$36.28 it made in the same quarter last year. On the upside, the chip foundry, which produces silicon for plenty of the world's biggest electronics companies, managed to claw back some of those profit dips from Q4 of last year, suggesting milder climes may lie ahead.

The company is also encouraged by strong demand for its new 28-nanometer chips, which should offset the $8.5 billion spent on developing them, alongside a forthcoming 20-nanometer facility. 28-nanometer hardware still only equates to 5 percent of overall revenue, which should grow as companies use up their older inventory. If you've got a currency convertor to hand, head on past the break for the detailed breakdown.

Continue reading TSMC 2012 Q1 results: profits down again as 20-nanometer process proves expensive

TSMC 2012 Q1 results: profits down again as 20-nanometer process proves expensive originally appeared on Engadget on Thu, 26 Apr 2012 05:15:00 EDT. Please see our terms for use of feeds.

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