Q2Earnings
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Barnes & Noble's Q2 earnings reveal Nook to be a $220 million business, Nook Tablet said to be fastest-selling yet
Barnes & Noble's second quarter earnings weren't all good news for the company -- it reported a net loss of $6.6 million and an ever-so-slight dip in total sales from $1.90 billion to $1.89 billion -- but it did have a fair bit to boast about on the technology side of things. Sales on its B&N.com website increased 17 percent year-over-year, totaling $206 million for the quarter, and the value of the company's Nook business (including devices and content) now stands at $220 million, up a full 85 percent. The company also revealed that its new Nook Tablet has been the fastest-selling Nook device to date, although it's not providing any specific sales numbers, noting only that it expects to sell "millions of devices" during its third quarter. Additional figures can be found at the source link below.
Motorola Mobility reports $56 million net loss in Q2, $3.3 billion in revenue, Bionic debut in September
Back in the last quarter of 2010, Motorola Mobility predicted a rocky road for future business, and its Q2 earnings seem to be right on track. The company reported total net revenues of $3.3 billion in the second quarter, up 28 percent year-over-year, but saw a net loss of $56 million, compared to earnings of $80 million in the second quarter of 2010. Mobile Devices saw an operating loss of $85 million, compared to the previous year's earnings of $87 million. Moto's not all doom and gloom however, as it predicts profitability in mobile devices by Q4. In terms of sales, the company reportedly shipped 11 million mobile devices, including 4.4 million smartphones and 440,000 Xoom tablets. Here's hoping Motorola's powers of prediction remain strong.Full PR after the break. We'd heard that the Droid Bionic was "coming soon," but up until today, we still didn't have a firm date for the LTE Android phone. Well, the cat is sort of out of the bag, as Mobility CEO Sanjay Jha has just announced that the long-awaited handset will hit stores in September. When in September is still anyone's guess, but we'll keep you posted as we learn more.
Intel delivers record earnings yet again in Q2 -- let the boardroom bragging begin
We know, you've heard it all before, but the chip maker's once again reporting record revenues, reaching a whopping $13.1 billion in Q2 2011. If you're keeping track, that's up $2.3 billion, or 22 percent, from Q2 2010, and bests last quarter's earnings of $12.9 billion by 2 percent. Net income was up 10 percent year-over-year, but down three percent from last quarter, ringing in at $3.2 billion. As Intel humbly points out, this is the outfit's fifth consecutive quarter of record revenue. So, perhaps a little bit of gloating is in order.
Microsoft reports $6.66b Q1 net profit, Windows 7 'fastest selling OS in history'
Microsoft's gotta be pretty happy with its second quarter results, especially after two previous quarters of somewhat downtrodden reports. The company's posting a record $19.02 billion in revenue, a 14 percent increase year-over-year. Net income / profit was $6.66 billion. Buoyed by all that is $1.71 billion in deferred revenue for Windows 7 pre-sales, which in laymen's terms means money the company made before the fiscal quarter began but couldn't then claim it because the product (Windows 7) hadn't yet been delivered to the consumer. Speaking of the platform, Microsoft is claiming to now have "the fastest selling operating system in history" with 60 million licenses sold. A much better way for the gang in Redmond to the start the year, so now let's see how the rest of 2010 plays out.
