It’s pretty tough out there for TV manufacturers. Sharp’s reporting its financial results for April-December last year, announcing a profit of 9.14 billion yen ($120 million), a drop of 57.37 billion yen since the same period in 2010. Despite announci…
LG has revealed its earnings statements for the fourth quarter of 2011 and the full year, and it managed to notch an operating profit of 23 billion won ($20.5 million), boosted by a 10 billion won operating profit in its handset division. That was des…
Amazon on Tuesday reported its earnings for the fourth quarter, during which it took in $17.4 billion in revenue. While its net sales were up 35% from the $12.95 billion reported during the fourth quarter last year, the company missed analyst estimates of $18.26 billion in revenue for the quarter. Amazon’s net income decreased 58% to $177 million during the quarter, or $0.38 per diluted share, compared with the net income of $416 million it reported during the same quarter last year. Net sales for the year jumped 41% to $48.08 billion, up from the $34.20 billion the company reported in 2010. Amazon said its Kindle Fire tablet has been the #1 best-selling, most wished-for and most gifted product on
Amazon’s just announced its earnings for the fourth quarter of the year, and it’s a bit of a mixed bag. While net sales were up 35 percent year-over-year to $17.43 billion, net income dropped a hefty 58 percent to $177 million, or 38 cents a share –…
The economy may be starting to look up, but that doesn’t mean the suffering is over. Toshiba is just the latest company to announce that it had a rough quarter to close out the calendar year 2011. The quarter ending December 31st of 2011, saw the comp…
UK pay TV service Sky has just announced its quarterly results, and despite adding 100,000 subscribers as well as notching its “highest ever first-half adjusted operating profit” it will launch a new internet TV service, available to anyone in the cou…
In the wake of a relatively strong Q3, Canon today unveiled a slightly less rosy earnings report for the fourth quarter of 2011. Net sales for the quarter reached ¥964.8 billion (about $12.6 billion), up from the ¥916 billion the company repo…
After releasing a revised financial forecast for FY 2011 that predicts an annual $1.3 billion loss, its third in the last four years, NEC announced it will cut around 10,000 jobs. Bloomberg Businessweek reports President Nobuhiro Endo announced the cu…
After releasing a revised financial forecast for FY 2011 that predicts an annual $1.3 billion loss, its third in the last four years, NEC announced it will cut around 10,000 jobs. Bloomberg Businessweek reports President Nobuhiro Endo announced the cu…
Nintendo recently published a note in which it said it will report an annual operating loss of 45 billion yen ($575 million) for the December quarter. Analysts had expected the Japan-based gaming giant to report a 4.2 billion yen loss, Reuters said Thursday. The company now expects to ship 10 million Wii consoles, instead of the original 12 million projected, and 14 million units of its portable 3DS gaming consoles, down from 16 million units. ”We had higher expectations for the year-end season, but failed to meet them,” President Satoru Iwata said while speaking to press in Osaka, Japan. Three analysts speaking to Reuters all agreed that Nintendo needs to rethink its strategy and understand that consoles could be a thing of the past. ”Their
