About half of Apple's revenue comes from the iPhone, making the company susceptible to any problems with the device. Apple's fiscal third-quarter earnings fell short of Wall Street expectations in part because it shipped fewer iPhones than analysts had anticipated. At the time, the company said weekly phone sales were hurt by rumors of new products.
Samsung Electronics, the world's largest consumer electronics maker, expects to report its fourth consecutive record quarter on surging sales of its Galaxy smartphones despite ongoing legal woes with Apple.
The Korean electronics giant projected Friday that its operating profit totaled $7.3 billion for the third quarter ended September 30, a jump of 90 percent from a year ago to 8.1 trillion won beating analyst expectations of 7.6 trillion won. Third-quarter sales totaled 52 trillion won, compared with an estimate for 51.6 trillion won, the company said in the statement.
The company, the world's largest … Read more
Zynga lowered its 2012 outlook and said it will write off nearly half the reported $200 million it paid for game maker OMGPOP in March, in the latest sign of the woes overtaking the social-gaming company.
The company said it expects 2012 bookings (i.e., sales deals that haven't necessarily yielded revenue yet) to fall short by about eight percent compared to its previous estimate. Likewise, Zynga said its non-standard measure of profit (which it calls "adjusted" EBITDA) will likely be about 28 percent lower than expected.
Zynga said it expects to report revenue of $300 million … Read more
Hewlett-Packard CEO Meg Whitman made her case for the company in an analyst powwow, but the underlying message is that the IT giant has been rattled by executive turnover and it'll take time to right HP's struggling units and balance sheet.
Meanwhile, HP's outlook for fiscal 2013 will fall short. CFO Cathie Lesjak said the company expects non-GAAP earnings of $3.40 a share to $3.60 a share with revenue declines of 11 percent to 13 percent.
Wall Street was looking for fiscal 2013 earnings of $4.18 a share. HP is seeing weakness across the … Read more
Apple will reveal its fiscal fourth-quarter results on October 25, the company announced today.
Apple CEO Tim Cook and CFO Peter Oppenheimer are expected to participate in an earnings conference call beginning at 2 p.m. PT. Audio of the event will be streamed live on Apple's investor relations page.
The call is expected to offer an early glimpse at sales figures for the iPhone 5, which was released September 21 -- just nine days before the end of the quarter. The company announced first-weekend sales of 5 million units, but some analysts had expected sales to be twice that. … Read more
Research In Motion's developer powwow this week delivered a small dose of good news as the company touted 80 million subscribers and kept its BlackBerry 10 timelines, but the bad news is on deck later today: fiscal second-quarter financial results.
To say expectations for RIM's second quarter are low would be a major understatement. Wall Street is expecting RIM to report a loss of 47 cents a share on revenue of $2.5 billion for the fiscal second quarter, and a miss wouldn't surprise anyone.
In fact, analysts are more focused on RIM's cash burn rate … Read more
Enterprise technology giant Oracle announced on Thursday first quarter earnings of 53 cents per share and revenues of $8.21 billion, matching analysts' estimates for share price but falling short of revenue expectations of $8.42 billion.
Despite the drop in sales, the company's net profits on a GAAP basis are up for the quarter ended in August. Shares fell by about 2 percent in after hours trading.
Here's a look at the numbers:New software licenses & cloud software subscriptions revenues (GAAP) up 5 percent to $1.6 billionSoftware license updates and product support revenues (GAAP) up … Read more
Adobe's fiscal third quarter results were roughly in line with expectations, but the company cut its outlook based on a transition to a cloud computing model.
The company reported third-quarter earnings of $201.4 million, or 40 cents a share, on revenue $1.08 billion, which met the low end of Adobe's expectations. Non-GAAP earnings in the third quarter were 58 cents a share, in line with estimates.
The good news is Adobe is seeing better-than-expected subscriptions to its Creative Cloud. The bad news is there's a revenue hit during the transition. Adobe said:
Intel said Friday that its third quarter revenue will be lower than expected.
The company in a statement projected revenue to be $13.2 billion, give or take $300 million. Intel had projected $13.8 billion to $14.8 billion.
Intel noted that it was seeing "weaker than expected demand in a challenging macroeconomic environment." Meanwhile, Intel noted that customers were cutting inventory. Specifically, Intel said:
Relative to the prior forecast, the company is seeing customers reducing inventory in the supply chain versus the normal growth in third-quarter inventory; softness in the enterprise PC market segment; and slowing … Read more
Asus will peg pricing of some upcoming Windows 8 devices to Apple's new iPad, according to a report citing comments from President Jerry Shen.
The company will "use the price of Apple's new iPad as a reference" when pricing Windows 8 and Windows RT devices, Shen said during the company's second-quarter earnings conference call, according to a report in Digitimes.
The report did not specify what "reference" means exactly, i.e., whether, for example, an Asus Windows RT tablet would be priced to compete directly with the upcoming iPad or whether it would … Read more