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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...

April 29th 2015 at 10:10am 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...

April 23rd 2015 at 6:51pm 0 Comments
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After a very slow start, Microsoft's Surface finally seems to be hitting its stride. The company made $713 million from Surface sales last quarter, a 44 percent jump over last year, according to its latest earnings report. And yes, it's attributing much of that to the Surface Pro 3, which also saw...

April 23rd 2015 at 4:29pm 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...

April 15th 2015 at 4:15pm 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...

February 19th 2015 at 8:15am 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...

February 3rd 2015 at 4:01am 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...

January 30th 2015 at 7:30am 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...

January 29th 2015 at 7:23pm 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...

January 29th 2015 at 1:22am 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...

January 28th 2015 at 11:28pm 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 t...

January 28th 2015 at 7:00am 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 foreca...

January 28th 2015 at 6:00am 0 Comments