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Tesla posts its first profit in two years
Tesla is having a good month. Last week it announced that all the cars it produces will have the hardware needed for fully autonomous driving. O Friday it's holding an event in Los Angeles where it's expected to unveil a solar panel-filled roof for those cars. Plus it turns out that the the Model S saw a 59 percent sales bump year-over-year last quarter. To top it all off, the company just posted a profit of $21.9 million for the third quarter.
Twitter isn't attracting enough new users
Twitter's had a busy fourth quarter. It's been dropping new features like Moments and today's best tweets announcement. Also it's Jack Dorsey's first full quarter as CEO. So how did it do? Well it made $710 million in total revenue a 48-percent year-over-year increase. But it's still not profitable. It had a loss of $90 million which is still better than last year's loss of $125 million. The company also noted that monthly active users remained flat 320 million. Not a good sign when it's trying to gain new users with new features like Moments.
Facebook averaged over 1 billion daily users in September
Facebook's growth shows no sign of stopping. Today is announced that it has over one billion users on average using it everyday. In August it announced it had passed a milestone of having one billion users on the site in a single day. By the next month that was the average. That's a year-over-year increase of 17 percent. Monthly active users increased by 14 percent to 1.55 billion as of the end of September, an increase of 14-percent from the year before. Meanwhile the company continues to see a majority (78-percent) of its ad revenue come from mobile. In the earnings statement CEO Mark Zuckerberg stated, "we're focused on innovating and investing for the long term to serve our community and connect the entire world."
HTC's 2011 Q4: good summer, bad winter
HTC's big 2011 was limited to those warm summer months, when everyone wanted a smartphone for the beach. Now the accountants have confirmed HTC's initial statement: fourth quarter revenues were down 2.49 percent (year on year). It made 101.42 billion Taiwanese dollars (just under $3.5 billion) in the last three months of the year, which looks worse than it is because of the blockbuster 135.8 Taiwanese dollar takings in Q3. Overall year on year revenue was up by 67.09 percent, but profits were down 11.88 percent, with the company saying the outlook won't get any better in the first quarter, but should pick up when it begins the process of shedding a few pounds phones.
Intel earnings beat company records: $14.3 billion revenue, $3.7 billion net income
Apple may not have fared as well as expected in its own Q4, but just up the road in Silicon Valley Intel managed to exceed analyst predictions, posting record revenue of $14.3 billion -- up $3.2 billion, or 29 percent year-over-year. The company also set new records for microprocessor units shipped, and expects further growth over the next quarter, with notebook computer sales driving $14.7 billion in predicted Q4 revenue. Jump past the break for an in-depth look at the company's Q3, along with its outlook for the next quarter.
Nokia still ahead of Apple in smartphone sales, according to Gartner
Whoa there, Apple, we know you're starting to feel pretty darn good about besting Nokia and Samsung for the title of world's largest smartphone manufacturer, but hold on for just one minute. Gartner has a different idea of how the numbers game really works, and its interpretation makes all the difference in determining who earns the title. Rather than measuring the number of units each manufacturer ships out to the distributors (as IDC, ABI Research and Strategy Analytics do), Gartner gauges its numbers by how many devices were actually sold to end users instead. Thus, Nokia still keeps its title -- for one more quarter, anyways. The firm is confident Espoo won't be the top smartphone contender for much longer, thanks to the company's grim Q3 outlook as it continues to await the transition to Windows Phone. But hey, there's always Q4, right? Right? Check out the full press release after the break.
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.
Panasonic will layoff 17,000 workers globally (updated)
No matter how you slice it, 17,000 is a big number, especially when its seventeen thousand humans looking for jobs. The layoffs represent a four-percent reduction of Panasonic's 380,000 global workforce due to restructuring efforts, according to Nikkei. They are expected to begin this year and will mainly impact employees outside of Japan. Update: Post updated to reflect the actual number of job cuts, not the 40,000 originally quoted by Nikkei or the 35,000 quoted by the AFP. The cuts will come over two years. The news comes as Panasonic reported a ¥40.7 billion ($499 million) loss for quarter, largely on account of a ¥61 billion ($748 million) restructuring cost. Panny says that its bottom line was also affected by a strong Yen, stiff competition in television sales, and the recent earthquake and tsunami.
Nintendo Q3 profits down 46 percent, slashes console sales projections
Call it an unfortunate coincidence but Nintendo just announced its quarterly numbers only minutes after Sony announced its new quad-core Cortex-A9 pumping PSP (codenamed NGP) and new PlayStation Suite for gaming on Android tablets and cellphones. So what's the damage? Well, to start with, Nintendo's Q3 (October to December) operating profits were down 46 percent (104.6 billion yen ($1.3 billion) compared with 192.3 billion last year) on account of weaker Wii and DS sales coupled with a continued strong yen. The house of Mario also slashed its annual sales expectations projecting 16 million Wii consoles (down from 17.5 million units) and 22.5 million DS handhelds (down from 23.5 million) sold through March. It wasn't all bad news though as Ninty maintained its annual operating profit forecast of 210 billion yen assisted by a projected 25% increase in Wii software shipments. Mind you, that's not chump change, but gone are the days of the Wii / DS one-two knockout punch on the competition. And with a full quarter to go before the 3DS is launched globally, we're not expecting any improvement to the bottom line until the next fiscal year.
Big cable loses 500,000 subscribers in Q3, we neglect to send flowers
Last quarter was the first time ever that US pay TV subscription rates were down. Now, according to GigaOM's calculations, big cable suffered another set back in Q3, waving goodbye to over 500,000 subscribers in total. Comcast was saddled with over half of the carnage and lost 275,000 customers, while Time Warner took a 155,000 subscriber hit. Charter Communications and Cablevision fared slightly better, but still added 63,800 and 24,500 respectively to the industry pit of despair. Naturally, the blame game for the poor numbers was aimed squarely at the weak economy and increased competition from over-the-top video providers. Before you call the undertaker away from his wrestling day job, though, remember that cable's traditional backstop is to raise prices for remaining customers -- vicious cycle, anyone? In fact, Comcast shared on its Q3 earnings call that average customer revenue rose by ten percent year over year to $136 a month. Charter's similarly jumped by nine percent to $126, and while Cablevision's didn't increase by the same rate, monthly revenue per customer still amounted to a whopping $149 a month. So whether the reason is cord cutting or simply hard times, it's hard to get worked up over self-inflicted wounds.
Nintendo posts half-year net loss, a first in seven years
After three years of record earnings, the mighty house that Mario built is reporting a net loss of ¥2.01 billion ($25 million) in the fiscal first half ending 30 September versus a profit of ¥69.49 billion a year earlier. In addition to the adverse affects suffered under a strong yen, Nintendo's sales for the first half of its fiscal year were down 35 percent to ¥363.16 billion due to lower demand for its Wii console. According to the Wall Street Journal, this represents Nintendo's first net loss in the fiscal first half in the last seven years. The future outlook is pretty grim too with Nintendo forecasting an annual profit drop to the lowest level in six years as Wii console sales decline for the second year in a row. Ouch.
AMD sees a tablet chip in its future, and an end to the core-count wars
AMD told us that it wasn't terribly interested in the iPad market, and would wait and see if touchscreen slates took off, but CEO Dirk Meyer changed the company's tone on tablets slightly after reporting a $118 million net loss (on $1.62 billion in revenue) in a Q3 2010 earnings call this afternoon. First revealing his belief that tablets will indeed cannibalize the notebook and netbook markets, he later told investors that he actually expects AMD's netbook parts to start appearing in OEM slates in the next couple of years, and that AMD itself would "show up with a differentiated offering with great graphics and video technology" when the market becomes large enough to justify an R&D investment. Elsewhere, AMD CTO of servers Donald Newell prognosticated that the number of individual CPUs on a chip won't go up forever: "There will come an end to the core-count wars," he told IDG News. Just as the megahertz race was eventually defeated by thermal restrictions, so too will the number of cores on a chip cease to increase. " I won't put an exact date on it, but I don't myself expect to see 128 cores on a full-sized server die by the end of this decade," he said. So much for our Crysis-squashing terascale superchip dreams, we suppose.
Intel reports record $11.1 billion revenue, brings home $3 billion in bacon
Looks like Intel's having its best quarter ever all over again: this time, the company's reporting $3.0 billion in profit on a record $11.1 billion in revenue. Chipzilla attributes the surplus to three percent increases in laptop and server chips sales respectively, but none to Atom-based netbooks -- sales of Atom chips actually decreased by four percent. That may be more than you needed or wanted to know about the booming processor business, but humanitarians will be pleased to know it's not all about the silicon; Intel also hired 1,300 new flesh-and-blood employees last quarter to keep the machines running.
Palm announces first quarter results: $164.5m net loss, 823k phones sold
Palm just announced its first quarter results -- the first to really include numbers from the Pre -- and they're positive (well, depending on how you look at things), with a $2.8m gross profit on $68m in revenue. Actually, that's a little low, since Palm uses the same sort of subscription accounting for the Pre as Apple does for the iPhone, so the unofficial numbers are higher: $100.6m gross profit on $360.7m in revenue. Still, we should point out that according to GAAP (you know, the rules that matter), the outfit had a net loss in fiscal Q1 2010 of $164.5 million, while the non-GAAP net loss was pegged at $13.6 million. Although Palm wouldn't include break out specific sales data, they did say that the "vast majority" of the 823,000 phones they sold in Q1 were Pres, so take that as you will. Oh, and if you were still holding out hope for more Palm WinMo phones, it's all over -- Palm is doing 100 percent webOS development from now on. (Shocker!). Update 1: Rubinstein deftly sidestepped the question of why Pixi was launched on Sprint as opposed to another carrier, saying "They're a great partner and we're looking forward to a great holiday season." Update 2: Asked about MOTOBLUR, Jon said "I don't know much about MOTOBLUR, but I think to build really great products, you have to control the entire experience -- you have to own the OS and the services around it." Update 3: Jon just said "We're on a web schedule with updates -- you'll see a steady stream of updates and features." Update 4: Revenue on accessories and anciliary products were "really very small, immaterial to overall trends." When pressed if it was in the low, single-digit millions, CFO Doug Jeffries emphasized, "very, very small."
TomTom profits drop 83% due to price cuts
The war for the low end of the GPS market promises to be a bloody one, and it looks like TomTom's suffered the first major injury: quarterly profits at the device maker dropped 83 percent from last year, and the company says it's due to competitive price cuts. TomTom made a net profit of just €7.3M ($11.4M) this quarter compared to €44M ($66.2M) in the year-ago quarter, results which led the company to lower its outlook for the entire year. The company actually sold 50 percent more devices than it did a year ago, but as PND prices steadily fall, it looks like TomTom will have to figure out a new way to pad those margins and refill its piggy bank if that $4.2B all-cash Tele Atlas deal goes through.[Via TrustedReviews]
Apple Q2 earnings call preview
Over at Apple 2.0, Phillip Elmer-DeWitt has an excellent preview post on Apple's earnings report, scheduled for Wednesday afternoon at the market close. We'll be liveblogging the earnings call at 2 pm PT/5pm ET if you care to join in for the fun.Despite spectactular sales and earnings growth for AAPL over the past couple of years, the Q1 earnings report (which featured extra-conservative guidance by Apple and some indications of a softening on iPod demand) triggered a selloff in the stock, with a drop in price from the lofty $200 highs at the end of 2007 (seen above) as profit-taking and recession fears drove investors to take their money and run. Will iPhone sales and Mac unit growth push profits (and the stock price) back towards the roof? Tune in Wednesday to find out.
Microsoft has an okay quarter, posts $4.3B profit
It's quarterly report time, and we doubt the boys in Redmond mind taking a little shine off Apple's big day with their first quarter results -- especially since Microsoft posted profits of $4.3B on revenues of $13.7B, an increase of 23 percent over last year. The company attributed the great quarter not only to a 90-percent spike in Xbox 360 demand due to what the what analysts are amusingly calling the "Halo effect," but also to strong performance by both Vista and Office -- Microsoft says demand for Vista is "encouraging," especially in markets like Brazil, India, and China. There wasn't much mention of the company's recent investment in Facebook or how Bill and the boys plan on reversing the online division's loss of $264M, but when you're playing around with four billion in profits, we suppose you can ignore pocket change like that.[Thanks to everyone who sent this in]
Nokia Q3 profits jump 85% to $2.2B
While everyone else was distracted by some touchscreen thing, Nokia spent the past quarter absolutely dominating the worldwide market for low-end phones, and the results, announced today, seem like the company might have the right idea: Nokia's profits rose 85 percent to 1.56B euros ($2.2B) on a sales increase of 28 percent to 12.9B euros ($18.2B). Although the increase this quarter was chalked up to increased sales of phones that cost less that $40 in Africa, the Middle East, and Asia, sales did fall in North America -- something Nokia will have to turn around if the company is to achieve its goal of a worldwide 40 percent market share. That's for another day, though -- for now, onnentoivotus!
Apple FY 2006 fourth quarter results call
Apple will be holding their Fiscal Year 2006 4th quarter results call this Wednesday at 2pm PDT (that's 5pm for those of us on the East coast). The call will be streamed on the web here using Quicktime, and then broadcast through Wednesday, Oct. 25th so you can relive the magic.Anyone care to guess Apple's profits for this quarter? Put your best guess in the comments.
