Toshiba Q2 results: profit of $722 million, whole-year forecast cut by $500 million

Posted on 31/10/2012 by Jamie Rigg

Toshiba has managed to pick itself up this quarter, recording $17.8 billion in sales, making for an operating profit of $722 million over the past three months. The "social infrastructure" segments recorded a healthy profit ($518 million), while income from digital products, home appliances and electronic devices fell due lower than expected demand. Forecasts for the year have been cut for the full year by approximately $500 million to $3.26 billion, as Toshiba expects lowers sales and operating profits due to the uncertain global economic situation. Individual segments are expected to continue their distinct trends, with the social infrastructure business pulling in more while its other arms bear the brunt of the economic slowdown.

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Filed under: Home Entertainment, HD

Toshiba Q2 results: profit of $722 million, whole-year forecast cut by $500 million originally appeared on Engadget on Wed, 31 Oct 2012 04:30:00 EDT. Please see our terms for use of feeds.

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HTC announces Q3 2012 financials, net profit down again to $137 million

Posted on 08/10/2012 by Steve Dent

HTC announces Q3 2012 financials, net profit down again to $137 million

HTC has released its third quarter financials, with the same trend continuing from the last quarter: lower net revenue. The company said it gained NT$70.2 billion total ($2.4 billion), with pre-tax net income at NT$4 billion ($137 million), a nearly 50 percent drop from the $250 million it earned last quarter. All that is a far cry from its salad days last year, and the company will have to hope that its new Windows Phone 8X launch along with a new flagship One X+ will reverse its fortunes.

Continue reading HTC announces Q3 2012 financials, net profit down again to $137 million

Filed under: Cellphones, Mobile

HTC announces Q3 2012 financials, net profit down again to $137 million originally appeared on Engadget on Mon, 08 Oct 2012 04:29:00 EDT. Please see our terms for use of feeds.

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IDC: iPhone wait cuts Apple’s China phone share by nearly half, Lenovo seizes the opportunity

Posted on 25/08/2012 by Jon Fingas

There's a lot of talk of a new iPhone coming soon, and the Chinese know it. IDC researchers estimate that Apple's share of smartphones in the country was sliced almost in half during the second quarter, to 10 percent, as expectations and rumors led the local population to wait for the big update. Better competition also played a part in denting iPhone shipments, although it's not Apple's chief rival Samsung who's responsible. Rather, it's China's own Lenovo that had the most impact. It broke into the double digits with a second-place 11 percent share thanks to recently started indirect sales of its Android-dominated lineup, while Samsung saw its own share dip slightly to 19 percent. Chinese companies ZTE and Huawei bracketed Apple at third and fifth. We wouldn't be surprised if the balance of power shifts in about a month, but the impacts to Apple and Samsung alike show just how tough it can be to stay on top in one of the fastest-growing markets on Earth -- especially one with so many local brands.

Filed under: Cellphones, Mobile

IDC: iPhone wait cuts Apple's China phone share by nearly half, Lenovo seizes the opportunity originally appeared on Engadget on Sat, 25 Aug 2012 19:45:00 EDT. Please see our terms for use of feeds.

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HP exceeds Q3 expectations: rakes $29.7 billion in revenue, still posts a loss

Posted on 22/08/2012 by Terrence O'Brien

To say that HP is in a bit of a transitional period would probably be an understatement. As expected, the $8 billion hit it took over the EDS purchase severely impacted its bottom line. While revenue was down year-over-year to $29.7 billion, that five percent drop equated to a 568 percent decline in income as the company posted a loss of $8.9 billion. If not for the combined $10.8 billion in charges it was forced to absorb this quarter, the company's net-income would have stood at $2 billion -- which would have been a significant improvement over Q2's $1.6 billion in profit. While such a staggering loss does appear bad, the non-GAAP results should give investors some hope, as the merger and layoff related charges are a one-time deal. Still, the outlook continues to be grim at the Personal Systems Group which has seen revenue drop 10 percent over the last year. The lone bright spot in the company's line up appears to be its software division, where revenue has grown 18 percent year-over-year. CEO Meg Whitman issued a statement alongside the Q3 2012 earnings report looking to assuage nervous investors' fears. "HP is still in the early stages of a multi-year turnaround, and we're making decent progress despite the headwinds," she asserts and assures that better days lie ahead. For more financial fun, check out the PR after the break and all the tables and charts you can handle at the source.

Continue reading HP exceeds Q3 expectations: rakes $29.7 billion in revenue, still posts a loss

Filed under: Misc. Gadgets

HP exceeds Q3 expectations: rakes $29.7 billion in revenue, still posts a loss originally appeared on Engadget on Wed, 22 Aug 2012 16:38:00 EDT. Please see our terms for use of feeds.

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HP exceeds Q3 expectations: rakes $29.7 billion in revenue, still posts a loss

Posted on 22/08/2012 by Terrence O'Brien

Continue reading HP exceeds Q3 expectations: rakes $29.7 billion in revenue, still posts a loss

Filed under: Misc. Gadgets

HP exceeds Q3 expectations: rakes $29.7 billion in revenue, still posts a loss originally appeared on Engadget on Wed, 22 Aug 2012 16:38:00 EDT. Please see our terms for use of feeds.

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Acer scrapes $14.5 million in profit as it becomes world’s third biggest PC maker

Posted on 17/08/2012 by Daniel Cooper

Acer rose a place to become the world's third biggest PC maker this quarter, with net profits rising to $14.48 million, up from $11.2 million last quarter. It's the second positive period since it ended 2011 with a $212 million loss, but the financial crises in the US, Europe, China and Asia Pacific all hampering its recovery. Like many of its PC brethren, it's pinning hopes on Windows 8 to spark a buying frenzy, but thanks to tight margins, only expects profits to be "on par" with those it's just announced.

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Continue reading Acer scrapes $14.5 million in profit as it becomes world's third biggest PC maker

Filed under: Desktops, Laptops

Acer scrapes $14.5 million in profit as it becomes world's third biggest PC maker originally appeared on Engadget on Fri, 17 Aug 2012 07:47:00 EDT. Please see our terms for use of feeds.

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IHS iSuppli: Apple iPad takes 69.6 percent of tablet brand market share in Q2, reader tablets take a bruising

Posted on 14/08/2012 by Jon Fingas

An earlier portrait of the second quarter's tablet market share made it quite clear that the iPad was on a rebound, if it was ever in a slump to start with. All those numbers focused on platforms and not brands, however -- we didn't know how the individual makers were doing. If IHS iSuppli's figures are on the ball, there's even more of a discrepancy if you break down the period's results by manufacturer. The iPad staked out 69.6 percent of tablet shipments in the spring. That wasn't just an 11-point jump over a year earlier; it was a level of share Apple hasn't had since the Motorola Xoom was just cutting its teeth early in 2011.

As for the rest? Transformer Pads kept ASUS growing, but it's not a pretty sight if you're making an Android reader tablet; both Amazon and Barnes & Noble shed roughly a point and a half each, which is no small amount relative to their size. Samsung also lost share by this after its deliveries of Galaxy Tabs mostly stayed flat. We'd add that there's some wiggle room as to real performance knowing that units shipped and sold aren't always one and the same. Most of these companies are leaving clues regarding upcoming tablet refreshes that might level the playing field, some not so subtle, but it's currently Apple's game to win.

Filed under: Tablet PCs

IHS iSuppli: Apple iPad takes 69.6 percent of tablet brand market share in Q2, reader tablets take a bruising originally appeared on Engadget on Tue, 14 Aug 2012 17:14:00 EDT. Please see our terms for use of feeds.

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NVIDIA Q2 earnings bounce back through Tegra: $119 million profit on $1.04 billion in revenue

Posted on 09/08/2012 by Jon Fingas

NVIDIA's fiscal performance in its second quarter shows the rewards of patience in the mobile sphere. It just saw its profit double versus a glum first quarter to $119 million, even though the company only slightly edged ahead in revenue to $1.04 billion. In explaining the success, the company is quick to point to a confluence of events that all worked in favor of its bank account: a slew of Tegra 3 phones and tablets like the Transformer Pad TF300 made NVIDIA's quarter the brightest, but it could also point to a much-expanded GeForce 600 line on the PC side and the shipments of the first phones with NVIDIA-badged Icera chips. The graphics guru expects its revenue to climb more sharply in the heat of the third quarter as well -- between the cult hit Nexus 7 tablet and a role as a major partner for Windows RT, NVIDIA has at least a temporary license to print money.

Continue reading NVIDIA Q2 earnings bounce back through Tegra: $119 million profit on $1.04 billion in revenue

Filed under: Cellphones, Gaming, Tablet PCs

NVIDIA Q2 earnings bounce back through Tegra: $119 million profit on $1.04 billion in revenue originally appeared on Engadget on Thu, 09 Aug 2012 17:43:00 EDT. Please see our terms for use of feeds.

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T-Mobile USA Q2 2012 results show net customer losses of 205k, progress on LTE and AWS

Posted on 09/08/2012 by Richard Lawler

The results for T-Mobile USA's second quarter of 2012 are in and first up is the bad news -- reported net customer losses of 205,000 are more than the 50,000 lost in the same period last year, and more than give back the growth reported in Q1. Of course, the carrier is banking on strategic initiatives to launch LTE service and expand coverage thanks to that AWS spectrum its receiving from AT&T and Verizon (if the deal is approved) to turn all that around, and those plans are still on track. Other high points for the quarter included the launch of Samsung's Galaxy Note and Galaxy S III, as well as a host of other handsets. Also it announced the opening of it's 1,000 T-Mobile Premium Retailer store, started pushing its prepaid and Monthly4G services at Dollar General Stores, launched two new mobile broadband data plans and added two MVNO partners. All the details are in the press release after the break, although it seems that as busy as T-Mobile has been putting pen to paper, investors will have to keep waiting to see the benefits.

Continue reading T-Mobile USA Q2 2012 results show net customer losses of 205k, progress on LTE and AWS

Filed under: Cellphones

T-Mobile USA Q2 2012 results show net customer losses of 205k, progress on LTE and AWS originally appeared on Engadget on Thu, 09 Aug 2012 02:27:00 EDT. Please see our terms for use of feeds.

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