quarterly

Intel revenue tops $14 billion for first time

Intel's revenue in the third quarter jumped 28 percent year over year, while profits also shot up over the previous year.

The world's largest chipmaker reported revenue of $14.2 billion on a GAAP (generally accepted accounting principles) basis, on GAAP earnings of 65 cents per share. Adjusted income was 69 cents per share. This compares to $11.1 billion in revenue in the year-earlier period, or 52 cents a share.

Intel was expected to report earnings of 61 cents a share, on revenue of $13.9 billion, according to an analysts' consensus.

The chipmaker surpassed $14 billion … Read more

IBM delivers strong quarter led by software, growth markets

IBM delivered strong third quarter earnings and raised it outlook amid strong software growth.

Big Blue reported third-quarter earnings of $3.8 billion, or $3.19 a share, on revenue of $26.2 billion, up 8 percent from a year ago. Non-GAAP earnings were $3.28 a share.

Wall Street was looking for third-quarter earnings of $3.22 a share on revenue of $26.25 billion.

IBM also projected were 2011 non-GAAP earnings of $13.35 a share, up from its previous outlook of at least $13.25 a share. Wall Street was expecting $13.32 a share.

The quarter … Read more

HP expands lead in PC shipments, Apple gains in U.S.

Hewlett-Packard increased its share of global PC shipments in the third quarter, maintaining its No. 1 ranking, while Apple made sharp gains in the U.S. market.

Worldwide PC shipments totaled 91.8 million units in the third quarter of 2011, a 3.2 percent increase from the third quarter of 2010, according to preliminary results by Gartner released today.

HP grew faster than the industry average globally, with its market share reaching 17.7 percent (see top chart)--despite announcing in the middle of the quarter that it may spin off its PC business, according to Gartner. HP also … Read more

Tablets, other factors to dampen 2011 PC shipments

Due to competition from tablets and other products, saturation in developed markets, and a sluggish first quarter, global shipments of PCs are now expected to rise by just 4.2 percent this year, according to IDC's Worldwide Quarterly PC Tracker.

The new forecast, released today, is down from IDC's prior estimate of 7.1 percent growth in shipments for 2011.

PC shipments among consumers and businesses enjoyed a robust period from 2005 to 2007. Even during 2008 and into 2009, consumer PC growth stayed strong at more than 21 percent while commercial PC growth actually declined by 10.… Read more

Microsoft reveals more on plight of Netbook sales

Microsoft revealed more about the plight of Netbook sales in the age of the iPad during the company's third-quarter earnings conference call today. This follows statements by Intel's chief financial officer earlier in the month.

The Redmond, Wash., software giant said today that the consumer PC market declined 8 percent in the most recent quarter and part of that was due to "a 40 percent decline in Netbooks," according to a statement by Bill Koefoed, general manager of investor relations, during the earnings conference call.

"In total, we estimate the PC market declined 1 percent … Read more

Motorola Mobility ships 250,000 tablets, beats estimates

Motorola Mobility beat analyst estimates, saying it shipped over 250,000 tablets since the Xoom went on sale in February, as the company reported better-than-expected results today.

The Libertyville, Ill., company reported a first-quarter net loss of $81 million, or 27 cents a share, compared with a net loss of $212 million, or 72 cents a share, during the same period last year. Revenue grew 22 percent to $3.03 billion.

The company reported an adjusted net income loss of 8 cents a share. The analysts' consensus was for a loss of 11 cents a share on revenue of $2.… Read more

Intel profit leaps to $3.2 billion, crushes estimates

Intel posted blockbuster first-quarter net income of $3.2 billion, up 29 percent over the same period last year. Revenue came in at $12.8 billion, up 25 percent year-over-year.

Earnings per share were 56 cents (and 59 cents non-GAAP). Analysts had been expecting 46 cents a share.

In the same period last year, the chipmaker's revenue was $10.3 billion, or 43 cents per share. Last year's first-quarter profit was $2.4 billion.

"The first-quarter revenue was an all-time record for Intel fueled by double-digit annual revenue growth in every major product segment and across all … Read more

The 404 784: Where we won't pull a houdini on Jeff's birthday (podcast)

The 404 Digest for Episode 784

Send Jeff your happy birthday wishes on Twitter! While you're there, say hi to Justin, Wilson, and Natali Urban Dictionary's definition of " ulling a houdini." Google launches U.K. online magazine "Think Quarterly." Duke Nukem never comes early. Duke Nukem's misogyny going out of style? Wireless carriers delay text donations to Japan--sign this petition to help! Baby Activity helps parents track the crap. Oatmealy comic submissions with a 404 twist from Mike McD. and Jeff. Sean Shin composes a tween theme song for The 404 that probably took longer to write than Rebecca Black's "Friday"--download the rock version or the acoustic remix! Meme Molly on the show tomorrow!

Episode 784 Subscribe in iTunes (audio) | Subscribe in iTunes (video) | Subscribe in RSS Audio | Subscribe in RSS Video… Read more

Apple, Android surge in 2010; Nokia, RIM slip

In 2010, the smartphone arena continued its shift with Apple and Android vendors grabbing a greater slice of the global market and Nokia and Research In Motion watching their shares drop, according to research firm IDC.

The year as a whole still found Nokia and BlackBerry maker RIM in first and second places, respectively, with the highest market shares and units shipped across the globe, according to IDC's latest "Worldwide Quarterly Mobile Phone Tracker," which was released today. But Nokia saw its annual market share fall to 33.1 percent, from 39 percent in 2009, while RIM'… Read more