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Lenovo is the biggest PC maker in the world, but smartphones remain a challenge. The company's mobile arm announced a pre-tax loss of $292 million for the three months ending in June: Motorola phones shipped stood at 5.9 million, down just less than a third from last year. The company now plans to...

August 13th 2015 at 12:35am 0 Comments
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The best music often comes from the notes left unplayed, and so it was with the Tesla Motors Q2 earnings call with financial analysts this week. While we heard upbeat news about the Model X delivery schedule – and downbeat news about the company's vehicle output forecasts and profit margins...

August 8th 2015 at 5:56pm 0 Comments
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Sprint chief Marcelo Claure may have done a lot to clean house and keep his customers from leaving, but it's clear that there's still a lot of work left to go before people stop abandoning ship. The carrier has reported first fiscal quarter earnings that saw it add a net total of 675,000 customer...

August 4th 2015 at 12:40pm 0 Comments
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Sony is actually doing all right despite a lot of turmoil, and it's got the PlayStation 4 to thank. This quarter, the company moved 3 million PS4s, bringing total sales of the console to 25.3 million units. Peripheral and software shipments also went up, boosting gaming revenue by 12.1 percent ove...

July 30th 2015 at 3:27am 0 Comments
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Samsung's earlier prediction for the second quarter of 2015 was spot on: the company has failed to hit its goals when it comes to the sales of its flagship devices. Its operating profits fell four percent to 6.9 trillion won ($5.9 billion), and the mobile division's, in particular, slid to 2.76 tr...

July 29th 2015 at 11:36pm 0 Comments
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Nintendo has posted yet another slim profit as it moves beyond the financial difficulties of the past few years. The slow launch of the Wii U and the stagnation of its handheld sales caused Nintendo to fall dramatically from grace after the runaway success of the Wii. After recording its first ann...

July 29th 2015 at 6:20am 0 Comments
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LG's latest earnings report shows just how tough the smartphone market is getting. On the one hand, LG Mobile shipped 8.1 million LTE smartphones, its best result ever. On the other hand, it sold fewer premium models in Korea and spent a lot of money marketing its flagship G4 in the US against mod...

July 29th 2015 at 4:10am 0 Comments
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Twitter's got a new temporary boss in Jack Dorsey (who's actually the old boss) while it continues to search for a replacement for ex-CEO Dick Costolo as it dropped its second quarter earnings today. The bright spot is that its second quarter revenue was $502 million, a 61-percent year-over-year i...

July 28th 2015 at 4:45pm 0 Comments
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The rumors of Qualcomm planning a huge reorganization were true -- and unfortunately, that means a lot of people are about to lose their jobs. The mobile chip maker has announced a "strategic realignment" plan that will see the company slash 15 percent of its full-time jobs (the company has about...

July 22nd 2015 at 6:19pm 0 Comments
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It's that time again — Apple just dropped its Q3 2015 earnings and despite missing Wall Street's always-lofty expectations, it's been a solid three months of growth thanks to the two usual suspects. Say it with us now, folks: It's all thanks to the iPhone and China. (If you're the sort who c...

July 21st 2015 at 4:59pm 0 Comments
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Microsoft's earnings for the fourth quarter are in, and they show an operating loss of $2.1 billion, despite $22.2 billion in revenue (compared to $23.3 billion last year). A lot of that is due to the previously announced write-down for Nokia (and 7,800 job cuts) that caused an $7.5 billion hit. O...

July 21st 2015 at 4:36pm 0 Comments
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While Google has been enjoying consistent financial growth for quite some time, it was dinged the last two quarters for not living up to Wall Street expectations. But in today's Q2 earnings announcement, the Mountain View firm has made significant strides in rectifying that reputation. It reported...

July 16th 2015 at 6:53pm 0 Comments