results
Latest
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.
AMD ships 1.3 million Fusion APUs, 35 million DirectX 11 GPUs, says it has 'momentum'
Hey, this interim CEO thing doesn't seem to be too hard at all. Thomas Seifert, the temporary solution to the problem created by Dirk Meyer's departure from AMD's top spot, has had a pretty comfy ride reporting the company's latest quarterly results. The pecuniary numbers themselves ($1.65b revenue, $375m net income) were tame and unexciting, but Seifert got to make a pair of juicy milestone announcements. Firstly, on the mobile and ever-so-efficient front, he noted that 1.3 million Fusion APUs (Accelerated Processing Units) have been shipped to partners since AMD started deliveries in November, and secondly, in terms of discrete graphics chips, he disclosed that the Radeon HD 5000 and HD 6000 series DirectX 11 GPUs have surpassed the 35 million units shipped mark. To give you some perspective on what that means, sales of Nintendo's bestselling Wii console are hovering somewhere around the same figure. So yes, AMD, your wagon has momentum, but shouldn't it have a driver too?
HTC profits leaping and bounding up, Peter Chou promises tablet and production expansion
HTC's fourth quarter of 2010 has gone exactly the same way as the first three: the company reports a 160 percent rise in profits (to $500 million) year-on-year and a 31 percent increase relative to Q3 2010. Total revenue for the final three months of last year rounded the $3.5 billion mark, having been a trifling $1.4 billion the year before. Company CEO Peter Chou sees no end to this dramatic growth, forecasting it'll remain in double digits through 2011, and he plans to match up to it by doubling monthly production capacity at HTC's Shanghai plant to two million handsets. If necessary, he says he'll even outsource manufacturing. Even more intriguing, however, is Chou's admission that HTC is strategizing an entry into the tablet realm: "It's a new market with many competitors, and we don't want to rush into it." Hardly a surprise, but good to have it from the horse's mouth.
Sony Ericsson ships 9 million Xperia Android phones, but latest earnings disappoint
Sony Ericsson has just made its financial results for the fourth quarter of 2010 official and the highlight, at least for milestone lovers like us, is the figure of nine million Android-based Xperia handsets shipped since the family's launch. Now, the language used here is important, as Sony loves to report shipments to retailers instead of actual sales, but it's still a pretty grand number of Xperia X10, X10 Mini, X10 Mini Pro, and X8 handsets out and about in our big wide world. Hell, it's even more impressive when you consider that those phones have spent most of their lives riding the ancient Android 1.6 as their operating system. In terms of actual currency figures, however, SE has fallen short of expectations, reporting a moderate €35 million pre-tax profit for Q4, which the company is turning into a positive by noting that it marks its fourth consecutive quarter of being in the black. If the new crop of Xperia Androids are anything to go by, we can probably expect this habit to continue for a good long while.
Apple on iPad competition: Windows is 'big and heavy,' next-gen Android tablets are still vapor
Apple's COO (and current Steve Jobs stand-in) Tim Cook thinks "there's not much" competition to the company's iPad tablet. When queried about Apple's view on what the rest of the market offers, Cook was brutally candid in describing Windows-driven machines as generally being big, heavy and expensive, while current generations of Android-based slates are in his opinion merely "scaled-up smartphones." While we agree that Windows 7 isn't a terribly touch-friendly affair, we don't know that Cook's comments on Android are quite so pertinent now that Google's tablet-savvy Honeycomb iteration has been unveiled. Then again, he has something to say about the next generation of Android tablets as well, noting that the ones announced at CES lack pricing and release schedules, leading him to conclude that "today they're vapor." Ouch. As a parting shot, Tim took a moment to reaffirm Apple's belief that its integrated approach will always trump the fragmented nature of Android and its plurality of app stores. Hear his comments in full after the break.
Adobe clocks first billion-dollar quarter ever, $268m profit
It's been a year of Flash-related drama for Adobe, but otherwise it seems like things are humming along nicely: the company just posted its first-ever quarter with a billion dollars in revenue, which is good for a $268.9 million profit. Unfortunately there's no granular data on how Flash is faring in the market -- it's lumped into the Creative Solutions group with the rest of the Creative Suite products, but with big wins on Android in the past year and a huge win on the Air-based BlackBerry Playbook coming next year, we'd say things are going well, no matter what Steve Jobs' Thoughts are. [Image credit: Ben Templesmith's Flickr]
Garmin officially exits the smartphone business, reports mixed Q3 earnings
Based on our experience with relationships, we've learned that it takes two to tango. It also takes two to produce co-branded wares, and with ASUS already withdrawing (respectfully, of course) from the ill-fated Garmin-Asus smartphone partnership, this here is more a formality than anything else. That said, those worried that Garmin would try to loop in another handset maker in order to manufacturer yet another Garminfone that 3.4 people would consider buying can rest easy. In the company's Q3 2010 earnings, it confirmed that it is "winding down" its smartphone efforts, and rather than continuing on a path to doom and destruction, it'll be ramping up marketing efforts in the aviation and maritime sectors. As for quarterly results, the company did see net income rise to $279.5 million (up from $215.1 million a year ago), but shares fell as it issued a depressing outlook for Q4 amid weakening demand for standalone PNDs. Hate to say we told you so...
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.
AT&T clocks up 2.6 million net new wireless subscribers, bigger profits in Q3
AT&T's balance sheet just keeps looking happier and happier every quarter. In spite of the company's somewhat questionable hardware choices -- such as picking the ugly option from both Samsung's and LG's Windows Phone 7 platters -- it now proudly boasts a total of 92.8 million active wireless service lines. This comes off the back of a 2.6 million net subscriber gain over the third quarter of 2010, a record for this period of the year. Churn, or the rate at which people left AT&T, was also at its best ever for the quarter, coming in at a lowly 1.32 percent, while postpaid integrated device (read: smartphone on a contract) activations reached above the eight million mark. Total net profit was $12.3 billion, thanks to the sale of Sterling Commerce and a one-off tax adjustment, but in cashflow terms the company made $4.0b in the quarter. That's a lot of dinero, no doubt aided by Q3 being the first full reporting period after the iPhone 4's launch, we just wish some of AT&T's other phones weren't quite so unappealing.
Nokia reports improved earnings for Q3 2010, will still 'streamline' up to 1,800 employees out of a job
Nokia's quarterly results have just been made public and the company's devices plus services sector has actually improved its income relative to last year: €7.2b of revenue was collected over the past three months versus €6.9b in the same period a year ago. Operating profit has also pepped up, going from the previous €785m to €807m. You'd think this would augur well for Stephen Elop's beginning at the helm, but the new man in charge is also presiding over a fundamental restructuring of operations at Nokia, which is expected to result in the redundancy of up to 1,800 employees globally. There are no specifics to tell us who'll be losing out, but the aims are the boilerplate tasks of increasing efficiency, simplifying operations, and reducing time to market. Anyway, we doubt the great people of Finland will be pleased.
Apple releases Q4 results: $20.34B revenue, $4.31B profits
Top line: hell of a beat. Apple today reports earnings of $4.31 billion, or $4.64 a share, in the fiscal fourth quarter, versus $1.82 a share in the year-ago quarter. Street guess was $4.08 a share on sales of $18.90 billion, according to Thomson Reuters, so like I said: hell of a beat. 3.89 million Macs were sold during the quarter (not 4M, but close, very close). 14.1m iPhones (almost 2x the previous year's number) and 4.19m iPads also sold in Q4. Looking ahead, Peter Oppenheimer forecasts $23B in revenue and $4.80 per share earnings in the holiday quarter. Given the degree to which this quarter beat the predictions... whoa. Join us at 5pm ET for the liveblog of the analysts' results call. Disclaimer: I am a happy holder of a small amount of AAPL.
HTC grows profits in Q3 to $360 million, revenues rise to $2.45b
It's good to see that HTC's omnipresence in the smartphone market is paying off in nicely growing financial figures as well. Having reported $268 million in profit for Q2, the Taiwanese company is today touting a $360 million tally for the period between July and September 2010. Android is again fingered as the chief catalyst for this growth, which is best illustrated by comparing numbers to last year, when HTC managed to pull in $184 million during Q3, or almost exactly half of this year's haul. Total revenues were also appropriately inflated, up to $2.45 billion, and analysts seem in agreement that HTC's future is looking rosy. So long as the G2 hiccups remain an isolated incident, that should indeed be the case.
Choose My Adventure: Robinemia, Robinemia
Choose the adventures of the WoW.com staff as we level our characters in <It came from the Blog> on Zangarmarsh (US-PvE-H). Poll results It was a close race between Robinemia, Peenk and the unnamed human, but Robinemia won. So I will be playing both Robinemias this week. Once I'm able to make a female worgen, you've chosen druid. Please suggest names in the comments. Schedule Adam Holisky as Adammentat, the level 61 tauren druid, will play on Monday at 10 p.m. EDT. Anne Stickney as Annephora, the level 42 troll warrior, will play on Tuesday at 1 a.m. EDT (which is Monday at 11 p.m. Zangarmarsh time). Robin Torres as Robinemia, the Forsaken huntress: Wednesday, 11 p.m. EDT Note: This will be streamed. Amy Schley as Patent, the level 25 troll rogue: Thursday, 10 p.m. EDT Adventurers who play when they can Fox Van Allen as Foxlight, the level 22 blood elf paladin Lisa Poisso as Prupher, the level 11 tauren druid Michael Sacco as Shockbroker, the goblin shaman Christian Belt, as Selfloathius, the level 16 blood elf warlock Robin Torres, as Robinemia, the level 29 Forsaken mage Matthew Rossi as Andrenorton, the level 17 troll mage Michael Gray as Grayfields, the level 17 tauren hunter Gregg Reece as Sandwichdoc, the level 16 troll shaman %Gallery-89597% Please join us on Zangarmarsh (US-PvE-H) in <It came from the Blog>. Guild ranks of "Blog Lurker" or above can invite, so /whisper Robiness or any online member. You are all welcome as long as you play by our simple rules -- basically, don't be a funsucker! Visit the guild FAQ for more details.
Choose My Adventure: Meet Robinka
Choose the adventures of the WoW.com staff as we level our characters in <It came from the Blog> on Zangarmarsh (US-PvE-H). It's a good thing you didn't choose a goblin for me. Goblins are crashing the beta right now, and both of my Roblins have been lost to The Great Goblin Wipe. /mourn Poll results Subtlety won for Patent, the troll rogue. I'll be streaming Robinka, the dwarf shaman on Wednesday night. Thank you, Sharvis, for the name. Robinemia will be taking up skinning and leatherworking, beta permitting, since you all so nicely chose to allow me whatever I want -- despite my passive-aggressive behavior. I think that was very sweet of you. This week's schedule is after the break.
Choose My Adventure: Everybody wins!
Choose the adventures of the WoW.com staff as we level our characters in <It came from the Blog> on Zangarmarsh (US-PvE-H). Note: The above is a video of Friday's stream and not an actual live stream. Poll results Robidin the tauren paladin is the winner of what beta character you want me to play next. Therefore, on Wednesday, I will be streaming in Mulgore. But streaming is fun! So Friday night, I played Robinia and Robiness a bit as well. The video is above. Also, in a very close battle, you chose balance over feral for Prupher, Lisa Poisso's tauren druid. Schedule Adam Holisky as Adammentat, the level 57 tauren druid, will be on Monday at 10 p.m. EDT Robin Torres as Robidin the level 1 tauren paladin: Wednesday, 11 p.m. EDT Note: This will be streamed. Amy Schley as Patent, the level 24 troll rogue: Thursday, 10 p.m. EDT Anne Stickney as Annephora, the level 42 troll warrior, will be on Friday at 1 a.m. EDT (which is Thursday at 11 p.m. Zangarmarsh time) Fox Van Allen as Foxlight, the level 22 blood elf paladin: Friday, 8 p.m. EDT Lisa Poisso as Prupher the level 10 tauren druid; Michael Sacco as Shockbroker, the goblin shaman; Christian Belt, as Selfloathius, the level 16 blood elf warlock; Elizabeth Harper as Faience, the level 24 troll shaman; Matthew Rossi as Andrenorton, the level 17 troll mage; Michael Gray as Grayfields, the level 17 tauren hunter; and Gregg Reece as Sandwichdoc, the level 16 troll shaman, will be making appearances as they can %Gallery-89597% Please join us on Zangarmarsh (US-PvE-H) in <It came from the Blog>. Guild ranks of "Blog Lurker" or above can invite, so /whisper Robiness or any online member. You are all welcome as long as you play by our simple rules -- basically, don't be a funsucker! Visit the guild FAQ for more details.
Choose My Adventure: Quest like the wind!
Choose the adventures of the WoW.com staff as we level our characters in <It came from the Blog> on Zangarmarsh (US-PvE-H). Roblinator may not work for the Venture Company, but this sure shows that the rest of the goblins aren't exactly environment-friendly. Putting rockets on chickens seems a bit irresponsible. Poll results In a dead heat, elemental edged out enhancement for Shockbroker, by a nose. Prupher will be questing like the wind. The votes for a PvP event were for Gurubashi Beatdown, but Milanor's suggestion of Pirates vs. Ninjas seems rather popular. In fact, I won't repoll it. So start collecting Deviate Fish, adventurers. Expect this event in the very near future. Schedule Adam Holisky as Adammentat, the level 56 tauren druid, will be on Monday at 10 p.m. EDT Anne Stickney as Annephora, the level 42 troll warrior, will be on Tuesday at 1 a.m. EDT (which is Monday at 11 p.m. Zangarmarsh time) Robin Torres as Roblinator the goblin huntress: Wednesday, 11 p.m. EDT Amy Schley as Patent, the level 24 troll rogue: Thursday, 10 p.m. EDT Lisa Poisso as Prupher the proofreading druid: Thursday, 10 p.m. EDT Fox Van Allen as Foxlight, the level 22 blood elf paladin: Friday, 8 p.m. EDT Michael Sacco as Shockbroker, the goblin shaman; Christian Belt, as Selfloathius, the level 16 blood elf warlock; Elizabeth Harper as Faience, the level 24 troll shaman; Matthew Rossi as Andrenorton, the level 17 troll mage; Michael Gray as Grayfields, the level 17 tauren hunter; and Gregg Reece as Sandwichdoc, the level 16 troll shaman, will be making appearances as they can. %Gallery-89597% Please join us on Zangarmarsh (US-PvE-H) in <It came from the Blog>. Guild ranks of "Blog Lurker" or above can invite, so /whisper Robiness or any online member. You are all welcome as long as you play by our simple rules -- basically, don't be a funsucker! Visit the guild FAQ for more details.
PS3 and Bravia sales boost quarterly Sony profits above expectations
Earlier this summer, Sony closed another fiscal year of being in the red, but it's starting the 2010/11 ledger with its quill dipped firmly in the black inkwell. For the quarter ending June 30, the Japanese megacorp clocked up ¥25.7 billion ($293 million) in pure, unadulterated profit off the back of a ¥67 billion operating income. When you compare that to the performance this time last year, a ¥37 billion loss, you have to agree that the Stringer purse-tightening program seems to have delivered the desired effect. The primary drivers for the current resurgence are pinpointed as the PlayStation 3 and Bravia lines (frankly, we consider the two utterly inseparable), and Sony's feeling so buoyant about it all that it's revising its projection for the coming year's revenues upwards today. The good news is tempered, however, by the threat of a rising Yen, which has already claimed Nintendo's profits as its first victim.
Nintendo posts Q1 loss on strong Yen and lower DS prices
Although foreshadowed, it's hard to believe that the once mighty Ninty, a company with unshakable profits even during last year's global economic downturn, just recorded a Q1 net loss of ¥25.22 billion ($288 million) compared to a net profit of ¥42.32 billion during the same 3-month period a year earlier. Revenues dropped from ¥253.50 billion to ¥188.65 billion. Lower DS portable gaming machine prices coupled with a strong Yen (86.5 percent of its sales were outside of Japan) helped pull Nintendo into the red. Regardless, Nintendo continues to forecast a full year net profit of ¥200 billion on revenue of ¥1.4 trillion. We'll see.
Choose My Adventure: Predictable
Choose the adventures of the WoW.com staff as we level our characters in <It came from the Blog> on Zangarmarsh (US-PvE-H). Bieber for Sandwichdoc was so predictable. Gregg has informed me that since Queen placed such a close second, he will play that for his next level. Lisiel will be a druid and focus on fishing achievements, and Patent will be getting the It's Happy Hour Somewhere achievement to celebrate Amy's taking of the bar exam. Here's the schedule for this week: Adam Holisky as Adammentat, the level 50 tauren druid, will be on Monday at 11 p.m. EDT Anne Stickney as Annephora, the level 41 troll warrior, will be on Tuesday at 1 a.m. EDT (which is Monday at 11 p.m. Zangarmarsh time) Robin Torres as Robinemia, the level 29 undead mage: Wednesday, 11 p.m. EDT tentatively Amy Schley as Patent, the level 23 troll rogue: Thursday, 10 p.m. EDT Lisa Poisso as Prupher the proofreading druid (Lisiel just didn't fit a tauren): Thursday, 10 p.m. EDT Fox Van Allen as Foxlight, the level 22 blood elf paladin: Friday, 8 p.m. EDT Michael Sacco as Sahko, the orc warlock; Christian Belt, as Selfloathius, the level 16 blood elf warlock; Elizabeth Harper as Faience, the level 24 troll shaman; Matthew Rossi as Andrenorton, the level 17 troll mage; Michael Gray as Grayfields, the level 17 tauren hunter; and Gregg Reece as Sandwichdoc, the level 15 troll shaman, will be making appearances as they can. I'm just tentative for Wednesday because I'm moving this weekend. If I do play, I will stream it, and there will be more slaughter of those nasty Syndicate types. I see that many of you want more PvP adventures. I'm taking suggestions for PvP events, games and/or activities in the comments. %Gallery-89597% Please join us on Zangarmarsh (US-PvE-H) in <It came from the Blog>. Guild ranks of "Blog Lurker" or above can invite, so /whisper Robiness or any online member. You are all welcome as long as you play by our simple rules -- basically, don't be a funsucker! Visit the guild FAQ for more details.
Nokia quarterly profits drop 40 percent year-on-year as CEO says speculation must end 'one way or another'
Olli-Pekka Kallasvuo was already a man in a hot seat and these latest numbers will do little to lower the temperature. Nokia's net profit for Q2 2010 was €221 million, which most companies would be happy with were it not for the fact that this company pulled in €380 million in the same quarter last year -- and that's with 2009, as Nokia's own report indicates, representing an economically tougher environment. Average selling prices for Nokia handsets used to be €64 back then, which dipped to €62 in the first quarter of this year, and is now at €61. Nokia says this has been caused by price pressures, "particularly in certain high-end smartphones," and though the change may appear small, a Euro's difference tends to be amplified when you're shifting upwards of 111 million units each trimester. For his part, OPK has said that the speculation about him being replaced isn't doing Nokia any good and he's determined that it "must be brought to an end one way or another." Guess we better keep an eye on this one then.
