financials Archive

  • NVIDIA puts its Tegra 2 eggs in Android’s basket, aims to topple Apple’s A4

    NVIDIA puts its Tegra 2 eggs in Android’s basket, aims to topple Apple’s A4

    Posted on May 17, 2010 | No Comments
    Microsoft's Kin One and Kin Two might not turn out to be the most auspicious devices for Tegra's debut in the smartphone arena, but NVIDIA seems to be learning from its mistakes. Admitting that the company committed too strongly to Microsoft with the first-gen iteration, Jen-Hsun Huang has now said that the second generation of Tegra will look to Android devices first and foremost. This newfound focus will materialize with both smartphones and tablets in the third and fourth quarter of this year, and will, according to Jen-Hsun, offer device makers a viable competitor to Apple's A4 SOC. In other news, NVIDIA has now shipped "a few hundred thousand" Fermi cards, and has also achieved 70 design wins with its Optimus graphics switching technology. Eleven of those are now out in the wild, but the vast majority are still to come, mostly as part of the seasonal "back to school" refresh at the end of the summer. These revelations came during the company's earnings call for the first quarter of its 2011 fiscal year, and you can find the full transcript at the source below.

    [Thanks, TareG]

    NVIDIA puts its Tegra 2 eggs in Android's basket, aims to topple Apple's A4 originally appeared on Engadget on Mon, 17 May 2010 04:20:00 EST. Please see our terms for use of feeds.

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  • Palm now worth nothing

    Palm now worth nothing

    Posted on March 20, 2010 | No Comments
    Woof. Analysts have placed a sell rating on Palm and are now valuing their stock, at least in hyperbolic terms, at $0. Quoth CNN:
    Shares of Palm (PALM) plunged 19% to $4.59 a share early Friday, a new 52-week low. Investors are becoming increasingly pessimistic about the company's future and several analysts downgraded their positions on the stock to "sell." Two analysts even lowered their price targets to $0.

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  • First Sony, now Panasonic swings into black and raises outlook

    First Sony, now Panasonic swings into black and raises outlook

    Posted on February 5, 2010 | No Comments
    Sony isn't the only electronics powerhouse reporting good news from the financial front these days. Today Panasonic, which, as you will remember, recently acquired Sanyo for $4.4 billion, announced it returned to profit in its fiscal third quarter (October to December 2009), too. The company's profit nearly quadrupled to $1.1 billion, while revenue almost stayed the same at $20.1 billion in that quarter (on a year-on-year basis).

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  • Sony returns to black in last quarter, sees signs of hope for the future

    Sony returns to black in last quarter, sees signs of hope for the future

    Posted on February 4, 2010 | No Comments
    Sony hasn't been able to report good news on the financial front for quite some time, but now it looks like things changed to the better. The company today said ["Sony Global Earnings Releases" in English] in Tokyo it returned to the black in the October-December quarter (Sony's fiscal year ends March 31) with a handsome $1.6 billion operating profit. This is Sony's first operating profit in five quarters, after CEO Howard Stringer (pictured) reduced the global workforce by 20,000 heads, freezed wages, closed 18% of all plants and cut fixed costs along all business lines. For the same quarter the previous year, Sony logged a $197 million operating loss.

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  • BlackBerry shipments break record in Q3, RIM profits jump 59 percent

    BlackBerry shipments break record in Q3, RIM profits jump 59 percent

    Posted on December 18, 2009 | No Comments
    RIM being a thriving and profitable company is hardly a new story -- as confirmed by third quarter earnings of $628 million off the back of a record-breaking 10 million units sold -- but the way it's making its money seems to be changing. More than 80 percent of new BlackBerry subscribers in the quarter were private customers, marking a distinct shift -- maybe not away from the corporate arena, but definitely toward embracing the consumer market. In an effort to further consolidate its global empire, RIM has also announced a partnership with China Telecom to go along with its earlier China Mobile deal. Oh, and there's the small matter of the 75 millionth BlackBerry being sold, but we're sure the cool cats up in BB HQ aren't counting handsets, they're probably too busy rolling around in piles of money.

    BlackBerry shipments break record in Q3, RIM profits jump 59 percent originally appeared on Engadget on Fri, 18 Dec 2009 09:41:00 EST. Please see our terms for use of feeds.

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  • Palm loses $85.4 million in latest reported quarter — hey, it’s an improvement

    Palm loses $85.4 million in latest reported quarter — hey, it’s an improvement

    Posted on December 17, 2009 | No Comments
    We don't know just how quickly Palm (or Elevation Partners, for that matter) thought it'd become profitable following the release of webOS, but it's not there quite yet -- the company is in the process of outing its earnings for the second quarter of fiscal year 2010 right now, and in a word, they're still in the red. The good news is that it's a marked improvement from last quarter -- they've gone from a $164.5M GAAP net loss to an $85.4M one this time around. On a non-GAAP gross basis, they actually made $5.5M, which is up from $2.8M a quarter earlier. They've got $590 million in cash and other "short-term investments" on the book right now, which seems like it should be enough to keep the company going without a profit or additional cash infusion for at least a few additional quarters, but then again, burn rate is going to vary with just how much hardware and software R&D they're doing and the kinds of carrier deals they're scoring. We bet they're looking forward to this Verizon business going down, eh?

    Update: Palm's specifically saying that they're looking to grow carrier and geographic coverage right now -- a good plan, if we say so ourselves.

    Update 2: They've sold 784,000 phones in the quarter, which compares to 823,000 in the last -- a 5 percent drop. That's up 41 percent from the same quarter a year ago... but yeah, of course it's going to be way up from the pre-webOS days.

    Update 3: Over 800 apps in the catalog so far, once they graduate from the Early Access Program exclusivity, Palm foresees a "flood" of apps. No plans right now to change SDK strategy to a more native development environment.

    Palm loses $85.4 million in latest reported quarter -- hey, it's an improvement originally appeared on Engadget on Thu, 17 Dec 2009 16:55:00 EST. Please see our terms for use of feeds.

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  • Sad-Eyed TiVo of the Low Subscriber Rate

    Sad-Eyed TiVo of the Low Subscriber Rate

    Posted on November 25, 2009 | No Comments
    Tivo-Subscribers-1009-590x472And… it's… outta here. TiVo is down to less than three million subscribers and they sold about 500 DVRs a day last quarter, giving it 8% of the 38 million US DVR market. That's not much. TVByTheNumbers has the numbers. They're down 314,000 subscribers to 2.76 million and lost 146,000 last quarter. Rough stuff.

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  • Nokia posts $834 million quarterly loss, smartphone share down to 35%

    Nokia posts $834 million quarterly loss, smartphone share down to 35%

    Posted on October 15, 2009 | No Comments

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    Nokia just posted a net loss of 559 million euro (834 million dollars) for the third quarter -- its first quarterly loss in a decade according to the AFP. The loss comes after a reported 20% drop in sales and 1.17 billion euros in write-downs, mostly for impairment charges on Nokia Siemens Networks. Nokia also said that its smartphone market share dropped to 35% versus 41% in the previous quarter. With fierce competition from Apple and RIM, and Palm just launching its Pre into Nokia's European stronghold, well, it's a good thing Nokia's branching out into untapped markets like single-core Atom-based netbooks.

    Read -- Smartphone slip
    Read -- First loss in a decade
    Read -- Nokia Q3 statement

    Nokia posts $834 million quarterly loss, smartphone share down to 35% originally appeared on Engadget Mobile on Thu, 15 Oct 2009 08:12:00 EST. Please see our terms for use of feeds.

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  • Sprint continues to lose money, customers

    Sprint continues to lose money, customers

    Posted on July 29, 2009 | No Comments
    Sad Clown, by Mel B.It seems the Palm Pre is too little, too late for Sprint. According to Sprint's Q2 financials for 2009, they've lost nearly $400 million dollars, and "total wireless customers declined by approximately 257,000." It's not all doom-and-gloom, though! Sprint can smile about "18 consecutive months of improvement in Customer Care Satisfaction and First Call Resolution"!

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