Fiscal Year 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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  • Sony sales numbers reveal surging PS3, waning PSP

    Sony sales numbers reveal surging PS3, waning PSP

    Posted on May 13, 2010 | No Comments
    Sony just released the numbers from the last fiscal year (April 1, 2009 to March 31, 2010). The good news (for Sony and its shareholders, at least) is that PS3 sales were up quite a bit from the previous year, going from 10.1 million sold to 13 million this year. The bad news is that PSP sales have hit a bump in the road, going from 14.1 million in to 9.9 million. Translating those numbers into English, that means that the PS3 is doing a heck of a lot better than it ever was, and that the PSP, well, isn't.

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  • Weaker Wii sales: Nintendo’s profit drops for first time in 6 years

    Weaker Wii sales: Nintendo’s profit drops for first time in 6 years

    Posted on May 6, 2010 | No Comments
    Nintendo in Japan released its annual fiscal report [ENG, PDF] today, and even though pretty much every financial key figure took a nose dive, things still look pretty good on the whole. The company racked up $15.2 billion in revenue last financial year (which ended March 31, 2010), down 22% from last year. Operating profit dropped 36% to $3.8 billion, while net profit - for the first time in six years - dropped to $2.4 billion, compared with $2.9 billion a year earlier.

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  • Japanese government believes in future full of mind-reading devices

    Japanese government believes in future full of mind-reading devices

    Posted on April 27, 2010 | No Comments
    Mind-reading devices are nothing really new, but Japan's Ministry of Internal Affairs and Communications (MIC) apparently sees a huge potential for that market in the near future. The MIC will join forces with selected private tech companies to develop and commercialize robots and consumer electronics that can be controlled through thought. The project kicks off this fiscal year and is supposed to end by 2020.

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  • Palm Says Revenue Will Be Lower Than Expected, Cites Slow Sales

    Palm Says Revenue Will Be Lower Than Expected, Cites Slow Sales

    Posted on February 25, 2010 | No Comments
    Handset manufacturer Palm has updated its guidance this morning, indicating that revenues for the quarter and full year will be "well below its previously forecasted range of $1.6 billion to $1.8 billion". The company expects that revenues for the third quarter of fiscal year 2010 will be in the range of $285 million to $310 million on a GAAP basis. In a statement, Palm says disappointing sales are due to "slower than expected consumer adoption" of its products, resulting in lower than expected order volumes from carriers and the deferral of orders to future periods.

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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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  • Assassin’s Creed III could hit shelves as early as April 2010

    Assassin’s Creed III could hit shelves as early as April 2010

    Posted on January 14, 2010 | No Comments
    Experiencing Assassin's Creed blues now that you've finished the game, unlocked Altair's armor, found all the glyphs, and have collected all 100 impossible-to-find feathers? Don't fret friends. According to Ubisoft's financial release this morning, Assassin's Creed III will be released in fiscal year 2011, which begins in April 2010. It was previously thought that this would only be an expansion to Assassin's Creed II, but Ubisoft has confirmed it is a new title featuring Ezio, and will have an online multiplayer mode.

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  • New Japanese cell phone maker NEC-Casio to go America in 2010

    New Japanese cell phone maker NEC-Casio to go America in 2010

    Posted on December 21, 2009 | No Comments
    As MobileCrunch reported back in August, three of Japan's eight top cell phone makers, namely NEC, Casio and Hitachi are going to merge their cell phone businesses next year. Under the agreement, NEC plans to integrate its handset division into a tie-up that already existed between Hitachi and Casio starting April 2010 (the begin of the new fiscal year under the Japanese business calendar). In the meantime, the companies involved decided on a name for the new venture: NEC Casio Mobile. The company's capitalization stands at a relatively modest $55 million, with NEC holding a 71% stake, Casio 20% and Hitachi 9%. And as I speculated in my previous article, that new company plans to enter the global market in a (relatively) aggressive way.

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  • New cell phone maker NEC-Casio goes America, targets 200% international sales boost

    New cell phone maker NEC-Casio goes America, targets 200% international sales boost

    Posted on December 21, 2009 | No Comments
    As MobileCrunch reported back in August, three of Japan's eight top cell phone makers, namely NEC, Casio and Hitachi are going to merge their cell phone businesses next year. Under the agreement, NEC plans to integrate its handset division into a tie-up that already existed between Hitachi and Casio starting April 2010 (the begin of the new fiscal year under the Japanese business calendar). In the meantime, the companies involved decided on a name for the new venture: NEC Casio Mobile. The company's capitalization stands at a relatively modest $55 million, with NEC holding a 71% stake, Casio 20% and Hitachi 9%. And as I speculated in my previous article, that new company plans to enter the global market in a (relatively) aggressive way.

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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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  • Sony shows 280-inch 3D display

    Sony shows 280-inch 3D display

    Posted on November 20, 2009 | No Comments
    Sony just recently said they want to get serious with 3D displays this fiscal year, and they seem to stick to their plan. Following the professional 3D camera that shoots video at 240fps and a futuristic 3D stereoscopic display the company introduced last month, we now get to see a 3D display sized at no less than 280 inches.

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  • First agricultural robot that can autonomously work on fields

    First agricultural robot that can autonomously work on fields

    Posted on October 27, 2009 | No Comments
    Robots now enter the agriculture industry, too. First the award-winning rice-transplanting robot, now this: Major Japanese conglomerate Fuji Heavy Industries has developed an agricultural robot that can tend fields autonomously.

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  • Japan’s No. 1 company regarding patents is Panasonic, research company says

    Japan’s No. 1 company regarding patents is Panasonic, research company says

    Posted on October 14, 2009 | No Comments
    Japan is the world's second biggest nation in terms of patent application filing, but which company is leading the race in the country that's home to world class tech firms like Sony, Toshiba and Thanko? Tokyo-based Patent Result thinks it has the answer: According to them [JP], the quality and quantity of Panasonic's patents (filed in the past fiscal year) is unparalleled in this country.

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  • Report: Wii video distribution service comes to North America in 2010

    Report: Wii video distribution service comes to North America in 2010

    Posted on September 28, 2009 | No Comments
    In Japan, Nintendo has been experimenting with offering content other than just games for quite a while now. Japanese DS owners have been able to download anime movies and digital manga for over a year. And in May this year, Nintendo teamed up with the world's biggest ad agency, Tokyo-based Dentsu, to introduce a video distribution service for the Wii. Needless to say, this service is Japan-only, too. But that will change soon.

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