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We've come a long way from Qwikster. Netflix's stock price has more than doubled since last December, and with prices of shares nearing $700 today it announced plans (PDF) for a 7-for-1 stock split. The price closed today at $681, and the Board of Directors approved a plan to distribute six additi...

10 days ago 0 Comments
June 23, 2015 at 5:13PM
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Lenovo's basement full of accountants has released the company's financial report for the last 12 months, and it's all smiles and dollar signs. After all, it increased the cash coming in through the front door, spent big to buy buy Motorola and IBM's server business and still made a $100 million q...

1 month ago 0 Comments
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On Tesla's quarterly earnings call, CEO Elon Musk announced "crazy off the hook" demand for its just-announced Powerwall battery product. He said over 38,000 reservations have been received, which should take up the expected production through mid-2016, and demand is high enough to account for all...

1 month ago 0 Comments
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If you had to summarize LG's financial health in a few seconds, you could just shrug and say "life's good." That's because the Korean company is one of the few in the technology industry right now that's actually making a decent profit from the hardware it sells. In the last three months, the comp...

2 months ago 0 Comments
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In the three months leading up to March 31, 2015, Microsoft reported a 24 percent drop in revenue from its Xbox division compared with last year, attributing much of the decline to sales of an "increased mix of lower price Xbox One" consoles. Microsoft cut the price of the Xbox One from $500 to $4...

2 months ago 0 Comments
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This quarter's Netflix earnings report is especially interesting because it's the first one since HBO's online-only Now service launched, so investors and other looking to see how it responds to direct competition. The streaming company just announced that it not only added nearly five million sub...

2 months ago 0 Comments
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T-Mobile kicked off 2014 by crashing an AT&T party, and finished it with "our best year in company growth ever," according to CEO John Legere. To be exact, it added 8.3 million new customers over the year, including a million "postpaid," clients in the last quarter of 2014. The Uncarrier chalk...

4 months ago 0 Comments
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Despite a supposedly weak PC market, Lenovo does very well, thank you. It's trying to sprinkle the same golden dust on to its latest acquisition, Motorola, and appears to be succeeding. Sales for the iconic brand are up 118 percent over last year to $1.9 billion (with more than 10 million units sh...

5 months ago 0 Comments
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Sega Sammy is restructuring to prioritize "Digital Games," a reform that'll see it make job cuts including "soliciting voluntary retirement" for around 300 employees; 120 employees are due to be approached about voluntary retirement next month. Sega of America is among those to be hit by layoffs as...

5 months ago 0 Comments
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Amazon may have surprised Wall Street by how much sales went up in the fourth quarter of last year ($29.3 billion, with a profit of $214 million), but for customers its Prime service is the big deal. Founder and CEO Jeff Bezos said Prime membership in the US grew by 50 percent last year, despite a...

5 months ago 0 Comments
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LG is still trailing Samsung and Apple in total smartphone sales (and profits from them), but the company just revealed its financial data for the last year and has plenty to be happy about. It sold 59.1 million smartphones last year, up nearly a quarter from what it moved in 2013. The report didn...

5 months ago 0 Comments
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Samsung's profits have been on an upward swing driven by several popular versions of its Galaxy smartphones, but 2014 is going into the books as an off year. It still posted a $4.88 billion profit in Q4, but for the year it was down 32 percent from 2013 and had the lowest profit since 2011, which ...

5 months ago 0 Comments
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The New 3DS is off to a "good start" according to Nintendo, after the enhanced handheld shipped 1.84 million units by the end of 2014. The company launched the New 3DS and its XL variant in Japan back in October, before bringing them to Australia the following month. The New 3DS' arrival helped ...

5 months ago 0 Comments
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Nintendo reduced its annual sales forecast by 6.8 percent today, leading to a 50 percent drop in the projected operating profit for its core business. Nonetheless, the ever-weakening state of the yen is balancing that out by boosting the company's overseas earnings. According to its revised fore...

5 months ago 0 Comments
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In the midst of Netflix's Q4 financial report (if you're wondering - it added the expected amount of subscribers this time, unlike Q3) it revealed a few things viewers will actually be interested in. First of all, it's going to have The Interview available for streaming to US and Canadian subscrib...

5 months ago 0 Comments
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Capcom revised its consolidated earnings forecast for the fiscal year ending on March 31, lowering its net sales expectations from 80,000 million yen ($673 million) to 65,000 million yen ($547 million). The change represents an 18.75 percent decline, which Capcom said is "primarily due to the sever...

5 months ago 0 Comments
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It's been almost a year since John Chen was appointed to save Blackberry and it's clear that his grand plan has, at least, stopped the company losing money hand over fist. In the Canadian outfit's latest three month report, it reveals that losses have been trimmed from $4.4 billion last year to a ...

6 months ago 0 Comments
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Majesco Entertainment completed an investment round that resulted in $6 million in funding, the Cooking Mama publisher announced today. $1 million of the funds were issued to the company with the rest stashed in escrow until certain, as-yet-unknown conditions are met by Majesco. The company also ap...

6 months ago 0 Comments
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Sony will reportedly not renew its FIFA sponsorship and will instead spend its money on structural reforms, according to Nikkei. The electronics giant began sponsoring the global soccer organization in 2005, signing an eight-year, 33 billion yen ($277 million using current rates) contract, which is...

7 months ago 0 Comments
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GameStop's third quarter financial results show global sales are down for the quarter ended November 1, 2014, totaling $2.09 billion, compared to 2.11 billion over the same period last year. Net income fell to $56.4 million, as compared to $68.6 million during the third quarter last year. Despit...

7 months ago 0 Comments