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Stories about: profit


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Microsoft Xbox Division Reports Increased Income

Microsoft has revealed the results of its Entertainment and Devices Division, which oversees the strategy for the Xbox 360 home gaming console, showing that sales have remained pretty much unchanged from one year ago, but that the operating income has gone up by a whopping 96%, reaching 312 million dollars. The resul...

27 October 2009
04:50 GMT

Nintendo Sees Revenue and Profit Fall

Nintendo has reported its financial results for the first fiscal quarter of the year and it's not a pretty sight. Arguably the most important force in videogaming at the moment, with strong businesses in both hardware and software, it has told investors that it has seen profit go down by more than 60% to reach 4...

31 July 2009
03:19 GMT

Apple's iPhone Profit, in the 60% Area

Cupertino-based Apple is reportedly earning a lot from each sold unit of its iconic iPhone handset, namely somewhere around 60 percent. Given this high gross margin, the company can easily lower the price of other products it has on the market, while maintaining its bottom line at the same level. The iPhone sees grea...

30 July 2009
07:27 GMT

Dell Makes $2 Million with Twitter

Social media may be the latest trend for businesses but few are actually making money, and even the service providers themselves are struggling to monetize their enormous user base. YouTube has been losing huge amounts of money for years and other social networks aren't doing great either. Twitter, the rising st...

12 June 2009
05:51 GMT

Activision Blizzard Continues to Earn More Than Expected

Activision was one of the biggest companies in the video game industry, and when it merged with Blizzard it was certain that its rule would be a strict and severe one. But even though a lot of analysts marked the fact that it would make a reasonable amount of profit, the recent earnings report painted a very profitab...

14 May 2009
02:29 GMT

Capcom Pushed Forward by Resident Evil 5 and Street Fighter IV

Capcom, a Japanese publisher headquartered in Osaka, has announced that both sales and profits for the fiscal year that ended on March 31 were up, driven mostly by good sales in its top franchises, like Resident Evil 5 and Street Fighter IV, which were released in the initial months of 2009. The company also sees a g...

12 May 2009
04:24 GMT

Nintendo Makes Even More Money

Nintendo has reported record sales again, when it comes to both hardware and software. The Japanese game console creator and videogame publisher has managed to increase its sales and profit, registering a 10% increase over the previous period. Operating income reached 5.6 billion dollars for the fiscal year while net...

8 May 2009
13:51 GMT

Activision Blizzard Is Making Some Serious Money

There's a worldwide recession going on and its impact seems to reach almost every branch of the industry, including the gaming one, which has seen several big corporations announce the fact that they will resort to important layoffs in order to still make a profit. But one company doesn't even worry about ...

21 April 2009
02:24 GMT

Profit Drives Asian Over-Medication

Over the past years, doctors in Asia have begun to prescribe impressive amounts of medication, giving patients who enter their practices drugs for conditions that they do not suffer from. Some of the physicians think too far and prescribe pills for complications that might appear if the usual drugs do not work. In on...

6 April 2009
06:15 GMT

Hospitals in the US Make Zero Profit

According to a Thomson Reuters financial analysis of US hospitals, most of these institutions currently register no profits from their activities. Their median profit margins are at zero, and chances are that they will remain very low for the next period. In addition, of the 400 hospitals that have been surveyed, mor...

3 March 2009
10:28 GMT

Saints Row 2 Shifts over 2.6 Million Units

The sandbox action adventure genre has been dominated by the Grand Theft Auto franchise, the brainchild of the Rockstar team. But as time passed, some companies decided that a fresh take, one filled with much more fun activities was needed to attract gamers. As such, the Volition studio decided to create the Saints R...

6 February 2009
11:11 GMT

Nintendo Reduces Profit Forecast, Analysts Are Worried

It seems that Nintendo can do no wrong. The Wii home gaming console is outselling both the PlayStation 3 from Sony and the Xbox 360 from Microsoft, while the Nintendo DS manages to even outsell its corporate brother. The games for the two platforms are also consistently beating the 1 million barrier, with titles like...

5 February 2009
02:15 GMT

PlayStation 3 Sales Are On Track, Says Sony

Sony isn't going through its greatest financial period, as the recession is taking its toll on the Japanese electronics company. Despite the fact that it has employed some drastic layoffs at the beginning of the year, it seems that those weren't enough, and, as the company has experienced its first losses i...

3 February 2009
15:11 GMT

Sony Ericsson Announces Higher Losses for Q4

Sony Ericsson announced on Friday its earnings for the fourth quarter and posted a higher-than-expected loss for the time frame. At the same time, the mobile phone maker announced that it planned to further cut costs, mainly due to the fact that it expected the market condition to go from bad to worse. The company ...

16 January 2009
05:28 GMT

Blizzard Says It Isn't Exploiting Starcraft II

Blizzard is a very popular company, largely due to the fact that it has always delivered great games to its loyal fans. Titles that made history, like Starcraft, Diablo or World of Warcraft offered players excellent experiences and they are still played today, because the company invested in the Battle.Net online sys...

19 November 2008
11:01 GMT

Motorola Sold 28.1 Million Handsets in the Second Quarter of 2008

Although various analysts have predicted that Motorola will fall to the fourth or fifth place in the global handset industry, the American company remains on the third place when it comes to the number of mobile phones shipped in the second quarter of this year. Moto has issued today its financial results for the tim...

31 July 2008
09:18 GMT

Sony Ericsson Is with 95.5% Less Profitable Than in Q1 2008

Not long after unveiling the upcoming release of the new Walkman handsets (July 22 is the awaited date), Sony Ericsson has announced its financial results for the second quarter of 2008, which are far from being great. The Swedish-Japanese joint venture reports a net profit of only 6 million Euros for Q2 2008, with 9...

19 July 2008
04:28 GMT

Sony Ericsson Loses Profit but Wins Greenpeace Appreciation

Sony Ericsson is having a bit of a hard time, as it has recently announced that both its net sales and net income are declining. This is mainly due to the facts that, as the company puts it, there's a "moderating demand of mid-to-high end mobile phones". Also, it seems that the Swedish Japanese company is also a...

1 July 2008
03:19 GMT

How Power and Profit Wire in Our Brains

Why does money make one feel powerful? The answer to this question can be found in that profit and power have the same brain nucleus: the striatum, that is already associated with reward. These are the results of brain-scanning researches, published in the journal Neuron, for the first time looking for a connection m...

29 April 2008
14:06 GMT

Toshiba Loses 95% Profit, Launches Blu-Ray Player

The death of Toshiba's HD-DVD high-definition format triggered a series of losses in revenue that are reported to have reached alarming levels. According to Toshiba, the company's profit barely reached a faint 1.25 billion yen, much lower than the expected 26.17 billion yen achieved an year earlier.The com...

26 April 2008
01:59 GMT

Apple Announces $1 Billion Profits for Q2 '08

Apple has confirmed its profits for the first three months of 2008 or, in simpler words, its Q2 2008 financial results. Apple topped $1 billion thanks, in part, to a 50 percent increase in Macintosh computer sales. Apple said it earned 1.05 billion dollars, or 1.16 dollars per share. Total revenues for Q2 were of $7....

24 April 2008
03:09 GMT

22.3 Million Sony Ericsson Phones Shipped in 2008

Sony Ericsson announced today its financial results for the first quarter of 2008, as well as the total number of mobile phones shipped in this period. The Swedish-Japanese joint venture managed to sell, worldwide, 22.3 million handsets until the 19th of March 2008, which represents a 2% growth when compared to the ...

23 April 2008
11:53 GMT

AMD Posts $358 Million Loss, Foresees Better Times Ahead

AMD posted its first quarter financial results late yesterday, and the news is far from good. Despite the fact that the chip manufacturer managed to push its Barcelona server processors on the market, the company continues to face catastrophic losses reported at $358 million.Losses were expected, as Advanced Micro De...

18 April 2008
04:09 GMT

Google Records Revenues of $5.19 Billion

The Mountain View-based company Google has just announced its financial results for the quarter ended on March 31, 2008, revealing revenues of no less than $5.19 million for this period. In case this doesn't ring any bells to you and you're not impressed at all, find out that this is an increase of 42 perce...

18 April 2008
02:17 GMT

115.5 Million Nokia Handsets Shipped in the First Quarter of 2008

Nokia just made public its financial results for the first quarter of 2008, unveiling net sales of 12.66 billion Euro, a 28% increase when compared to the 9.85 billion from the first quarter of 2007. The Finnish giant also announced it has shipped 115.5 million mobile phones worldwide (in 2008's Q1, of course), ...

17 April 2008
09:51 GMT

Hitachi Cancels its Exit From HDD Market, Starts Consolidating its Business

Japanese conglomerate Hitachi has announced that it dropped its plans of exiting from the hard-disk drive business, and is now gearing up to make a comeback by cutting down on production costs. The news was broken by Hitachi's storage division head during yesterday's conference.Hitachi's decision is so...

17 April 2008
04:10 GMT

Playlogic Releases Financial Results

Playlogic Entertainment, a medium-sized games publisher, has announced significant improvements in its 2007 financial report. When compared to the 2006 fiscal year, the company has had near double revenue, of more than 10 million dollars, and for the first time in its history, the firm's accounts were in the pos...

31 March 2008
03:05 GMT

Cisco to Post $9.8 Billion in Quarterly Profits

Networking giant Cisco Systems announced a 7.2 percent rise in quarterly profit. The company has announced increased revenue especially by selling its telephony gear. The company's figures were just as expected by the Wall Street analysts, and brought Cisco a raise of 1.2 percent in its shares."One of the key is...

7 February 2008
02:51 GMT

Nokia Finally Reached 40 Percent of the Global Market Share

Nokia announced its financial results for 2007 and reported that it has reached 40 percent of the global market share, a goal that the company had for some time but never managed to achieve it. This was possible thanks to the excellent sales from the fourth quarter of 2007, when a total of 133.5 million Nokia device...

25 January 2008
08:15 GMT

Nec Electronics: 2007 Was a Good Year for Business

Japanese chip manufacturer NEC Electronics is reported to have exceeded its operational profit expectations for this year. Company officials confirmed that the production of microcontrollers has greatly contributed to their final revenue. The semiconductor industry is sitting on quicksand, with prices sinking and ris...

19 December 2007
11:18 GMT

AMD Has a Bad Year, Ruiz Is to Take Financial Comfort

There is no secret that AMD have just reached the financial pit's bottom and have started scratching their way to the surface, but there's a long way ahead until they reach a zero balance. Profits are still out of discussion and it would take a new generation of CPUs to make AMD return to the rich people. T...

14 December 2007
04:19 GMT

Acer Declares Profit

Acer has recently posted a $90 million profit for the 2007 third quarter and it's beginning to take control of the computer market because it is very likely that the company could now be the third largest computer manufacturer in the world. Acer's recent growth was generated, in part, by the purchase of Gat...

31 October 2007
06:52 GMT

Apple Receives USD 800 for Each iPhone Activated in the US

Apple's share on the iPhone's revenues seems to be larger than previously thought. The same goes for AT&T, not just for the European deals that the company recently landed, which show the fact that Apple makes more money through the share from the operator's services than by selling the device.AT&T pay...

30 October 2007
04:09 GMT

Intel Increases Its Revenue Outlook

In the same day that AMD decided to finally officially launch its native quad core processors, Intel posted a new and improved revenue forecast for the third quarter of the year as the central processing units manufacturing company cited a growing demand for the Intel branded processors. Intel increased its revenue f...

11 September 2007
09:00 GMT

LCD Panels Sells Results

The most important Taiwan-based LCD panel makers like AU Optronics (AUO for short), Chi Mei Optoelectronics (also known as CMO), Chunghwa Picture Tubes (CPT) and HannStar Display posted record breaking sells result for the last month. CMO is the definitive winner of the last month as the company saw a strong improvem...

10 August 2007
11:59 GMT

AMD Wants to Raise $1.5 Billion

Advanced Micro Devices, popularly known as AMD, announced that it will offer convertible senior notes worth $1.5 billion. The company also said that those notes are due in 2012 and that interests will be paid each year on February 15 and August 15 at a rate of 5.75% per year.According to a company's press releas...

10 August 2007
07:51 GMT

Nvidia Breaks One More Record

The graphics chips manufacturer and vendor Nvidia reported record financial achievements as its revenues increased during the second fiscal quarter of the year. According to the company, this is a new record as the revenue came in the sum of $935.3 million, a 36 percent increase from the last quarter's revenue t...

10 August 2007
03:59 GMT

Beware of Memory Prices

For a while now computer memory prices are going up, one little step at a time, after a long period of free falling that created numerous financial problems among most manufacturers. Now, DRAM and NAND prices are expected to rise through the rest of August, even more so after the power outage that hit the Korean prod...

9 August 2007
08:14 GMT

Silicon Motion Technology's Record Shipments

Silicon Motion Technology is an integrated circuits design and engineering company that just announced that its sales for the second quarter of the year 2007 reached the mark of $44.1 million which represents an increase of 111 percent from the same period during the last year and a 23 percent increase over the first...

31 July 2007
09:36 GMT

AMD Takes Back Some Market

Following the processor price wars with Intel, AMD lost important revenues and because the company had no processor capable of standing head to head with the quad core processors from Intel, AMD lost market shares. The market position lost was almost a crippling blow for the smaller company as AMD has not enough reso...

31 July 2007
05:57 GMT

Toshiba Is Raising The Bar

The Japanese computer hardware maker and system integrator Toshiba raised its profits and revenue forecasts for the coming months after the company enjoyed a very good quarter with strong sales that translated into high revenues. During the first quarter of 2007 the net profits of the Japanese company reached the mar...

30 July 2007
08:02 GMT

Wester Digital and Its Numbers

Wester Digital announced the end of a very strong fiscal year. During the last quarter of the 2007 fiscal year, the company shipped no less than 24.9 million hard disk drive units, a serious jump from the 19.2 million units from a year ago. For this year, Western Digital registered $5.5 billion in revenues and an ad...

27 July 2007
04:31 GMT

Lexmark Sees a Profit Decline

Printer producer and vendor Lexmark International just announced its second quarter profits for this year and it looks as if they declined no less than 16 percent on the lower consumer market segment, partly because of lower sales and partly because of higher costs.Even so, Lexmark still managed to top Wall Street�...

24 July 2007
09:51 GMT

LG Electronics Reports Its Earnings Results

LG Electronics is a producer of consumer electronics and mobile communication. It has just announced its earnings for the second quarter of 2007. As the LG company is formed of more separate divisions, in order to facilitate an overview of the entire business, the company released financial earnings on a global basis...

21 July 2007
07:15 GMT

Ericsson, on a Financial Rise

Ericsson has just revealed its financial results for the second quarter of this year. The company has managed to reach high profits and continues its continuous growth tendency.Ericsson has managed to increase their net sales with up to 8 percent and reach an operating income and net income of 12 percent over the pas...

20 July 2007
06:12 GMT

IBM Is Focusing On Developing Economies

More and more of the IT industry is focusing on the emerging countries and their developing economies for various reasons: cheaper labor force, bigger market shares and increased profits. One of the IT giants and the father of the desktop PC, IBM, is currently receiving a big part of its impressive revenues from emer...

19 July 2007
09:47 GMT

Intel's Profit Skyrockets

Intel announced that its quarterly profit rose more than 40% over the last year's figures, reaching $1.3billion. It looks like the ongoing price war with AMD over the single and dual core processors left almost no scars as low selling prices were offset by higher than expected shipments.Intel's revenues ros...

18 July 2007
04:54 GMT

AMD Sinking, Intel Rising

Sometime during this week Intel's CEO Paul Otellini and AMD CEO Hector Ruiz will be reporting quarterly earnings. From a year ago - when Intel reported a huge drop in profits and a management overhaul - the current situation is much, much better as the second generation of Core processors first halted the losing...

16 July 2007
09:24 GMT

Samsung Hurt by Low Memory Prices

Samsung is maybe the world's largest memory chipmaker and because of the steep decline in computer memory prices it registered an all times low profit during this quarter. The outlook for the second half of the year is somewhat brighter as the market for random access memory used in personal computers is expecte...

14 July 2007
07:21 GMT

Huge Phone Sales for Sony Ericsson, Profit Fall for Motorola

Results for the first quarter of the year 2007 are here and show surprises in the evolution of the mobile phone producers. While little changes have come in the top 5 of such companies, some of them have reached high profit rates, while others have unexpectedly dropped in numbers.Overall, the profit growth of the mob...

4 June 2007
02:43 GMT


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