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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...

3 hours ago 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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Just in case you were wondering why Comcast is suddenly ready with TV service for people who prefer to watch over the internet, the earnings report it released today can show you why. For the first time (albeit by a narrow margin of 22.55 million to 22.3 million), the cable giant has more high spe...

July 23rd 2015 at 3:41pm 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
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Netflix is flying high enough to need a 7-for-1 stock split, but now it's competing in a world where Showtime and HBO offer streaming video over the internet too. That makes today's earnings results (PDF) ever more important, and not surprisingly, the company focused on its push for original, excl...

July 15th 2015 at 4:18pm 0 Comments
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Analysts believe that the PC has had its day in the sun, and now, we've got another shred of proof to toss into the dossier. Acer, the world's fifth-largest PC maker, has revealed that its revenues fell by the better part of 30 percent in the second quarter of the year. The terse announcement wasn...

July 13th 2015 at 8:45am 0 Comments
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Sprint CEO Marcelo Claure recently said he was tired of T-Mobile's "Uncarrier bullshit," but that BS has almost certainly helped it displace Sprint as the nation's third-largest carrier. T-Mobile's preliminary earnings report shows that it added 2.1 million new customers this quarter, giving it 58...

July 9th 2015 at 10:01am 0 Comments
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Samsung predicts that its earnings from April-June of this year will likely be down four percent from last year, suggesting that sales of its newest flagship smartphones have failed to hit the mark. However, it will still be the company's highest quarterly profit since Q2 2015. The company's for...

July 6th 2015 at 11:02pm 0 Comments
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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...

June 23rd 2015 at 5:13pm 0 Comments
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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...

May 21st 2015 at 8:28am 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...

May 6th 2015 at 6:05pm 0 Comments