14 DAY TRIAL // We’ve only just reported on ASUS's success during the third quarter of 2012, and already there is another company that is rejoicing at its good fortune and fortuitous investments.
In terms of corporate finances, this week is quite encouraging compared to the last few, during which we learned that AMD was down in the dumps and that it and a few other companies were going to fire many people just to get by.
While there are still scattered reports about sales slowing down during the third quarter (July-September), especially on the mobile market, most news is good.
It is good even for us regular customers, since each positive financial report means a lower chance for another company disappearing and, thus, ceasing to make those gadgets and computers everyone loves.
Without further ado, let us mention the money that Toshiba gathered in Q3 2012: $17.8 billion in sales, which is around 13.67 billion Euro, give or take.
The profit was quite small compared to it, of $722 million / 555 million Euro. Still, at least it is there, instead of the company registering a loss.
Digital products, home appliances and electronic devices did poorly, but the situation was saved by “social infrastructure” businesses, like the Thermal & Hydro Power Systems business, Transmission and Distribution Systems, Solar Photovoltaic Systems and Nuclear Power Systems businesses.
Unfortunately, operating profits and sales are expected to drop for the year (2012), so this is all just a small respite at best.
Obviously, the worldwide economy is still dragging itself on its elbows, and Toshiba is only avoiding the repercussions by the skin of its teeth, just like most others in this industry are.
Intel and Lenovo are the main two exceptions. The former is still making billions on top of billions, while the latter finally calls itself the top PC supplier worldwide.