PC Tech World: quarter

Showing posts with label quarter. Show all posts

Saturday, July 6, 2013

HTC finances improve over last quarter, but show just $41.6 million profit in Q2 2013

HTC picks up the pace with for Q2 with $125 billion in earnings

Though HTC has fallen shy of the $65 million in earnings investors were looking for in Q2 2013, at least it's a marked improvement over last quarter's disaster. It managed to improve profits to $41.6 million from a mere $2.8 million last quarter, based on unaudited figures. Likely reflecting demand for the flagship One and HTC's ability to finally produce that handset in significant numbers, revenue also jumped to $2.4 billion -- that's bad in the sense that it's a 20 percent drop relative to the same quarter last year, but it's slightly better than the 33 percent year-on-year revenue shortfall we witnessed last quarter. Overall, these figures still pale in comparison to HTC's historical performance and there's no immediate prospect of things getting better. According to Reuters, the most serious problems occurred towards the end of the quarter, as sales for June swooned 26.4 percent versus Q2 2012 -- a trend that puts a lot of pressure on the little shoulders of the HTC One Mini.

Source: Reuters

Wednesday, April 24, 2013

Nintendo has another tough year, sells just 390,000 Wii Us in the last quarter

While there's no shortage of 3DS iterations headed to the market, Nintendo is having a harder time selling its new Wii U. Profits for the year are also half of its own predictions, despite the fact that Nintendo reduced its rosy estimates in the interim. Net sales are down 1.9 percent over the last year, down to 635 billion yen, but most importantly the company has managed to turn its net income into positive figures, netting 7 billion yen over the last year, compared to a 40 billion yen loss the year before. Following its launch, Wii U sales have slowed substantially, with only 390,000 units sold since December (now totaling 3.45 million), while the 3DS continues to sell in healthier numbers, with Nintendo shifting 1.25 million handhelds in the same period.

Focusing on the next year, the company maintains that it'll increase net income to 10 billion yen in the next twelve months, with a focus on selling "the compelling nature" of its gaming hardware, as well as pushing its 3DS more in foreign markets. The financial statement adds that the games maker plans to concentrate on "proactively releasing key Nintendo titles" starting the second half of this year "in order to regain momentum." Those key titles will have to hit hard, as certain competitors' new consoles are creeping closer.

In related news, Nintendo president Satoru Iwata is taking on a second role as CEO at Nintendo of America, today's report states. Current NoA figurehead Reggie Fils-Aime will stay on as COO, overseen directly by Iwata.

Source: Nintendo

More Coverage: Joystiq

Tuesday, February 19, 2013

EE sees contract activations fall during its first quarter with LTE

EE sees customer activations fall to 201,000 in its first quarter with LTE

When EE activated its LTE network part-way through its fourth-quarter, there was an assumption speed-hungry Brits would storm the company's numerous stores to get at that super-fast mobile data. The reality, however, seems to indicate that it takes more than a Kevin Bacon commercial to send the homeland into a frenzy. The company's financial results show that the network only added 201,000 customers between October and December 31st -- 49,000 fewer than in Q3 and 112,000 fewer than signed up in the same period in 2011. EE also isn't breaking out figures for how many of its existing customers made the change -- so for now we'll have to assume that the UK isn't as sweet on the guy from Footloose as Olaf Swanee had hoped.

Source: EE

Friday, February 1, 2013

Panasonic remembers how to make money, reports $667 million profit last quarter

Panasonic remembers how to make money, thanks to weaker yen and costcutting

Just as Sharp offered a slightly more hopeful glimpse at its balance sheet this morning, so too does Panasonic have something worth celebrating: a net profit of 61.4 billion yen ($667 million) in the last three months of 2012. Much of this profit stems from a weaker yen and previous cost-cutting exercises, however, rather than any surge in demand for Panny products -- in fact, underlying sales continued to slip, with cameras, TVs and Blu-ray recorders proving especially hard to shift. Nevertheless, compared to the meager $164 million Panasonic made at the start of 2012, or the ego-crushing $2.1 billion net loss it suffered in the last three months of 2011, no one in that big HQ is likely to be complaining.

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