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Vodafone Announces Financial Results, Cost Reduction Plans

Wireless carrier Vodafone has recently announced its financial results for the first half of 2009 plus plans to become more cost effective, by reducing its expenses by £1 billion ($1.67 billion) by March next year. Moreover, the company's CEO Vittorio Colao also stated that the company would make further s...

11 November 2009
09:08 GMT

NVIDIA's Q3 FY2010 Revenue Up 16 Percent

NVIDIA has recently announced its financial results for the third quarter of the fiscal year 2010, with a reported revenue of US$903.2 million, representing an increase of 16 percent from the previous quarter and up from US$897.7 million, recorded in Q3 FY2009. According to the Santa Clara, California-based graphics ...

6 November 2009
08:52 GMT

T-Mobile Posts Lower Net Income for Q3 2009

Mobile phone carrier T-Mobile USA, Inc. announced today its financial results for the third quarter of 2009, and posted OIBDA (Operating Income Before Depreciation and Amortization) of $1.56 billion, down sequentially but up on a yearly basis, as well as total revenues of $5.38 billion for the time frame, up from th...

5 November 2009
14:21 GMT

PlayStation 3 Sales Rise, Sony Still Loses Money

Sony has announced a loss for the second fiscal quarter of the year and lower revenue but overall sales of the PlayStation 3 home gaming console have gone up by 33% because of the price cut that kicked in and because of the better value for money of the new Slim version of the device.For the quarter that ended on Sep...

3 November 2009
02:33 GMT

Samsung Registers a Great Q3 2009

South Korean mobile phone maker Samsung Electronics recently announced its financial results for the third quarter of the ongoing year, and posted $21.07 billion in revenue, on a net income of $3.1 billion. As the maker indicates, its third quarter operating income for the telecommunications unit was of 1.03 trillion...

31 October 2009
05:02 GMT

Sprint Posts $478 Million Net Loss for Q3

Wireless carrier Sprint Nextel announced today its financial results for the third quarter of the ongoing year and posted net operating revenues of $8.0 billion, along with a net loss of $478 million and 17 cents per share diluted loss. According to the company, its Free Cash Flow for the time frame was of $664 milli...

29 October 2009
10:44 GMT

Verizon Wireless Posts 25.7% Increase in Customer Base YOY

Mobile phone carrier Verizon Wireless has announced today its financial results for the third quarter of the ongoing year and has posted a 24.4 percent increase in total revenues when compared to the same quarter a year ago. At the same time, the operator has also announced that its wireless customer base has seen an...

26 October 2009
11:33 GMT

AT&T Posts $30.9 Billion in Revenues for Q3 2009

Wireless carrier AT&T has announced today its earning results for the third quarter of the ongoing year, and has posted $30.9 billion in revenues, as well as net income of $3.2 billion, and diluted earnings per share of $0.54. At the same time, the company has also announced that cash from operating activities totale...

22 October 2009
10:44 GMT

Yahoo Q3 Financial Results Beat Expectations

Yahoo has reported its third quarter financial results, posting numbers that were slightly above expectations but still mostly down from last year. Revenue was at $1.575 billion, down 12 percent from last year's $1.786 billion, but net income was more than three times bigger thanks to a deep cost-cutting campaig...

21 October 2009
03:28 GMT

Sony Ericsson Posts EUR198 Million Loss for Q3

Japanese-Swedish phone maker Sony Ericsson has announced today its financial results for the third quarter of the ongoing year and has posted a loss of 198 million Euros for the time frame, as well as improved gross margin, although its sales during the quarter dropped 4 percent sequentially and 42 percent year on ye...

16 October 2009
09:03 GMT

Nokia Posts 20% Drop in Net Sales in Q3 2009

Finnish mobile phone maker Nokia has announced today its financial results for the third quarter of the ongoing year, ended September 30, 2009, and posted net sales of EUR 9.8 billion. According to the company, its net sales went down by 20 percent compared to the same time frame a year ago, and 1 percent compared to...

15 October 2009
09:31 GMT

Palm Moves 823,000 Smartphones in Q1 FY 2010

Sunnyvale-based mobile phone maker Palm announced on Thursday its financial results for the first quarter of its fiscal year 2010, ended August 28, 2009, and posted revenues of $68.0 million for the time frame. At the same time, the company also announced that it managed to ship a number of 823,000 handsets in the pe...

18 September 2009
02:16 GMT

Sun Microsystems Posts Appalling Financial Results for FQ4

As the Oracle acquisition deal draws closer to completion, Sun Microsystems posts one of its worst quarters yet with a net loss of $147 million, or 20 cents per share, an appalling result after last year's $88 million in profits coming in at 11 cents per share. Despite the very poor results, they could have been...

31 August 2009
11:32 GMT

Salesforce Posts Good Results for the Financial Q2

Salesforce has posted better than expected earnings for the second quarter with revenue up 20 percent year over year, at $316 million, and a net income of $21.2 million. The income comes in at 17 cents per share, more than double the 8 cents it made last year in the same period and above analysts' forecast, whic...

21 August 2009
07:09 GMT

CEO Mike Zafirovski Leaves Nortel

Nortel Networks announced recently its financial results for the second quarter of the ongoing year, and posted a 25 percent decrease in revenues when compared to the same quarter a year ago, though also registering a 14 percent increase from the previous quarter. At the same time, the company announced that during t...

11 August 2009
03:42 GMT

Virgin Mobile USA Posts Net Income of $21.8M for Q2

Virgin Mobile USA announced recently its financial results for the second quarter of the ongoing year, and posted net income of $21.8 million, an increase compared to the $5.5 million a year ago. At the same time, the company also announced that its revenue was of US$290 million, down from the $293.8 million it regis...

10 August 2009
11:07 GMT

NVIDIA Posts US$105.3 Million Year-on-Year Loss in Q2

Santa Clara, California-based NVIDIA has recently announced the financial results for the second quarter of the fiscal 2010, which ended last month on July 26. According to the graphics chip maker, the total revenue for the second quarter was of US$776.5 million, which basically represents a 13 percent drop from the ...

7 August 2009
05:25 GMT

MetroPCS Reports 48% Drop in Profits in Q2

US carrier MetroPCS announced its financial results for the second quarter of the ongoing year and posted US$26 million in profits, 48 percent lower than the US$50 million reported in the same time frame a year ago. In addition, the company also announced that its second quarter revenues went up to US$860 million, a ...

7 August 2009
04:29 GMT

T-Mobile USA Reports $5.34 Billion in Revenue for Q2

Wireless carrier T-Mobile announced on Wednesday its financial results for the second quarter of the ongoing year. The company reported total revenues of $5.34 billion for the quarter, down from the $5.40 billion registered in Q1 2009, as well as from the $5.47 billion posted for the same time frame a year ago. In ad...

6 August 2009
05:44 GMT

Global Semiconductor Sales, Up 17 Percent Quarter-on-Quarter

The worldwide slow global economy continues to take its toll on the IT market, according to the latest market report from the Semiconductor Industry Association (SIA), which has just announced that the year-on-year global semiconductor sales for Q2 were down 20 percent. Fortunately, the market saw a 17 percent increa...

3 August 2009
09:55 GMT

Motorola Sees 45% Lower Handset Sales YOY

Motorola, Inc. announced today its financial results for the second quarter of the ongoing year, and reported sales of $5.5 billion for the time frame. The company also announced that it saw GAAP earnings of $26 million in the quarter, which translate into .01 per share, while stating that the total cash it had at th...

30 July 2009
10:51 GMT

Sprint Posts Net Loss of $384 Million in Q2 2009

Wireless carrier Sprint Nextel has announced today the financial results for the second quarter of the ongoing year and has posted consolidated net operating revenues of $8.1 billion, along with a net loss of $384 million and diluted loss per share of 13 cents. According to the company, it managed to register Free Ca...

29 July 2009
09:26 GMT

Verizon Wireless Posts 27.7% Increase in Revenue YOY

Mobile phone carrier Verizon Wireless announced on Monday its financial results for the second quarter of the ongoing year and posted $15.5 billion in revenue, which represents a growth of 27.7 percent compared to the same time frame last year, or a 7.6 percent increase on a pro forma basis. At the same time, the com...

28 July 2009
06:32 GMT

AT&T Posts $30.7 Billion in Revenues for Q2 09

Wireless carrier AT&T has announced today the financial results for the second quarter of the ongoing year and has posted revenues of $30.7 billion, with a net income of $3.2 billion. It also announced diluted earnings per share totaled $0.54, and $7.9 billion cash from operating activities. The company registered st...

23 July 2009
09:40 GMT

LG Sees Good Q2, Sells 30 Million Phones

South Korean mobile phone maker LG Electronics announced on Wednesday its financial results for the second quarter of the ongoing year and posted record-high earnings in sales and operating profit. Compared to last year's second quarter, the company says, its global sales (including its overseas subsidiaries) we...

23 July 2009
03:57 GMT

Yahoo Revenue Drops 13 Percent in Q2

Yahoo has announced its financial results for the second quarter of 2009 showing a 13 percent drop in revenue year over year; however, though it raked in $1.57 billion, it still managed to beat analyst expectations. The company has been going through some turmoil lately, with executive restructuring and the closure o...

22 July 2009
04:03 GMT

AMD Announces Q2 Results, Posts US$330 Million Loss

Sunnyvale, California-based Advanced Micro Devices announced on Tuesday the second quarter results, posting a loss of $330 million. With the announcement, AMD said that the revenue was flat, compared to the first quarter of this year and was down 13 percent compared to the second quarter of last year. The world'...

22 July 2009
03:19 GMT

Apple Reports Best Non-Holiday Quarter Revenue in Its History

Cupertino-based company Apple announced on Tuesday the financial results for the third quarter of the fiscal year 2009 (ended June 27, 2009), and posted a revenue of $8.34 billion with a quarterly net profit of $1.23 billion, or $1.35 per diluted share. At the same time, the company also announced a gross margin of 3...

22 July 2009
01:46 GMT

Apple to Announce FY 09 Third-Quarter Results on July 21

Cupertino, California-based Apple Inc has announced today that it is set to announce the financial results for the third quarter of fiscal year 2009 (the second calendar quarter) on Tuesday, July 21, 2009. The company will announce results that cover sales from March 28, 2009 through June 26, 2009, while a conference...

20 July 2009
09:33 GMT

Sony Ericsson Registers $299 Million Loss in Q2 2009

Mobile phone maker Sony Ericsson announced on Thursday its financial results for the second quarter of the ongoing year, posting a 213-million-Euro ($299-million) net loss. Compared with the previous quarter, when it registered a 370-million-Euro net loss, the company informed about a net loss of 283 million Euro for...

17 July 2009
03:57 GMT

Google Sees Modest Growth in Q2 2009

Google released the financial results for the second quarter of 2009 and the numbers are in line with expectations, with revenue growth a mere 3 percent year over year. The company earned $5.52 billion in the last three months compared to $5.37 last year and a nudge over analyst estimates which pegged revenue at $5.4...

17 July 2009
03:37 GMT

Nokia's Sales Plunge 25% Year on Year in Q2 2009

Finnish mobile phone maker Nokia has announced today its financial results for the second quarter of the ongoing year, and has posted net sales 25 percent lower when compared to the second quarter of last year, yet 7 percent higher compared to the first quarter of the ongoing year. The company reported Net sales of E...

16 July 2009
15:01 GMT

Palm Announces Financial Results for Q4 and FY 2009

Palm, Inc. announced on Thursday its earning results for the fourth quarter of fiscal year 2009, ended May 29, 2009, and posted total revenues of $86.8 million. At the same time, the company also announced that gross profit in the time frame was $20.1 million, while gross margin was 23.1 percent. According to the mob...

26 June 2009
04:05 GMT

Research In Motion Announces 28.5 Million Subscribers

Research In Motion Limited, a leading company on the mobile phone market, announced on Thursday its financial results for the first quarter of fiscal 2010. The company mentioned that during the three months ended May 30, 2009 it managed to add almost 3.8 million net new BlackBerry subscriber accounts, and that the to...

19 June 2009
03:17 GMT

Telus' Profits Go up in Q1 2009

Canada's wireless carrier Telus announced recently that its first-quarter revenues went up by CA$25 million to a total of $2.38 billion (US$2 billion), while also announcing that the net profits increased by 10 percent to CA$322 million (US$274 million). According to the company, the revenue growth it registered...

8 May 2009
10:43 GMT

NVIDIA Reports Q1 Loss of $201,3 Million

Santa Clara, California-based NVIDIA has recently announced its financial results for the first quarter that ended on April 26, 2009. According to the results that were made public by the graphics chip maker, the company's revenue was down to $664.2 million, compared to the $1.2 billion it recorded in the first ...

8 May 2009
06:24 GMT

MetroPCS Sees 20% Increase in Revenue in Q1 2009

MetroPCS has announced that its revenue for the first quarter of the ongoing year has reached $795 million, increasing 20 percent from the $622 million registered during the same time frame a year ago. At the same time, the company has also mentioned that the ARPU in the quarter went down to $40.40, lower than the $4...

8 May 2009
05:16 GMT

T-Mobile USA Sees Growth, T-Mobile UK Goes Down

Germany-based Deutsche Telekom, the parent company of T-Mobile USA and T-Mobile UK, announced today the financial results for the first quarter of the ongoing year. According to the company, the fourth largest carrier in the United States has reached a total number of 33.173 million subscribers, which translates into...

7 May 2009
11:02 GMT

HTC's Q1 Revenues Down 3.40% YOY

HTC Corporation announced on Monday the financial results for the first quarter of the ongoing year and posted total revenues of NT$31,590 million (around US$955 million) for the time frame, translated into a 3.40 percent drop compared to the same period a year ago. In addition, the company also announced that its re...

5 May 2009
05:46 GMT

Sprint's Q1 Was Better than Expected

It seems that Sprint Nextel did better than anticipated during the first quarter of the ongoing year. Although the company posted a net loss of $594 million for the time frame, translated into 21 cents per share, higher than the $505 million, or 18 cents-a-share loss it registered in the same period a year ago, the c...

4 May 2009
12:21 GMT

Motorola Sees Loss in Q1, Confirms Android Phones

Motorola, Inc. announced today its financial results for the first quarter of the ongoing year, reporting sales of $5.4 billion and a net loss of $231 million, or .10 per share. At the same time, the company announced $291 million net loss from continuing operations, which also included net charges of .05 per share, ...

30 April 2009
09:15 GMT

Verizon Sees Good Q1 Results

Verizon Communications announced its financial results for the first quarter of the ongoing year, and reported that it had registered a 5.3 percent rise in earnings, due to its recent acquisition of wireless operator Alltel. On the other hand, it seems that the competition with AT&T, the carrier that sells the iPhone...

27 April 2009
10:50 GMT

T-Mobile Sees Low Additions, Sells 1 Million G1's

T-Mobile USA announced recently its financial results for the first quarter of the ongoing year, which was not as great as expected, at least not when compared to the same period last year. While in 2008 the mobile phone carrier announced 981,000 new subscriber additions, passing the 30 million mark, this year it onl...

23 April 2009
10:50 GMT

AT&T's Revenue Lowers, iPhone Sales Still Strong

AT&T has recently announced its financial results for the first quarter of the ongoing year, and it seems that the time frame wasn't too great, given both the financial recession and the expenses related to its retirement plan, which drove the company’s profits down by about 9 percent, yet it seems that he...

23 April 2009
06:12 GMT

LG Electronics Posts Better-Than-Expected Q1 Results

Korean mobile phone maker LG Electronics announced today its financial results for the first quarter of the ongoing year, and posted higher-than-expected revenues for the time frame. The Mobile Communications Company reported $3.02 billion in sales (KRW 4.25 trillion), which marks a 16.8 percent growth compared to th...

21 April 2009
10:31 GMT

Sony Ericsson Posts Low Q1 2009 Results

Sony Ericsson Mobile Communications AB (Sony Ericsson) announced today its financial results for the first quarter of the ongoing year. As expected, the company's performance was a poor one, and it posted a loss of 358 million Euros (excluding restructuring charges) as income before taxes for the time frame, whi...

17 April 2009
05:09 GMT

Nokia Posts Q1 2009 Financial Results

Finnish mobile phone maker Nokia announced today its financial results for the first quarter of the ongoing year. As expected, the company's performance was drastically affected by the financial recession, yet it still registered a large market share of 37 percent, unchanged from the fourth quarter of 2008, thou...

16 April 2009
09:44 GMT

HTC's Q1 Was Less Impressive than Expected

Taiwanese mobile phone maker HTC projected a while ago that it would be able to see a double-digit growth during the ongoing year, despite the economic slowdown that affected the mobile phone market. However, it seems that the financial turmoil has taken its toll on the company's results for the first quarter of...

7 April 2009
10:50 GMT

Archos to Launch Android-Based Tablet in 2009

Archos announced last month that it intended to come to the market with an Internet tablet device that would be powered by Google's Android operating system, and now the company reinforces its previous statement with a new one that announces its plans to release such a device. Archos has recently announced it...

30 March 2009
10:40 GMT

Samsung to Register Good Q1 2009 Results

The mobile phone market has seen a decline in the last several months, as the global economic turmoil and the lower demand for handsets have affected most of the manufacturers. Yet it seems that things might not be as bad as originally expected, at least when it comes to the financial results of one of the world'...

25 March 2009
05:56 GMT


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