Alphabet reported today in its annual earnings call that the company's fiscal Q4 was a bit of a dismal one, owing to a decision to provision a new tax on foreign assets ahead into the 2017 fiscal year. Basically, Google took a $9.9 billion tax hit in the last quarter of 2017, dramatically lowering the effective net income the company earned for the whole of the fiscal year.
Google lost $3 billion in Q4, but for 2017 overall, it managed net income of $12.7 billion on revenues of $110.8 billion. While net income is down versus 2016 ($19.5 billion), revenues are way up - around 23%. Read More
The scene: a board room. Ominous and shrouded in mystery, all that can be seen is a long, black glass desk and on either side, twelve featureless chairs. In each sits a grumpy old person. The rest of the chamber is a dark, empty void. Out of the abyss a lone man appears, approaching the head of the table. He's adorned in blue jeans, a white dress shirt and a dark blazer. The brightest light in the room is the reflection on his head.
"Ladies and gentlemen," he says. "As you are no doubt aware, our earnings for last quarter were less than optimal. Read More
Sprint posted its fourth quarter earnings this morning, and they definitely painted a mixed picture of the company's financial position. On the one hand, the Alamo of unlimited data increased its subscriber base by 1.6 million in the last quarter, with big thanks likely owed to the addition of the iPhone to Sprint's lineup - giving them a significant advantage over their primary price point rival, T-Mobile.
Unfortunately, also because of the iPhone, the company managed a $1.3 billion net loss for the quarter, owed in large part to the massive cost of providing the device ($15.5 billion over 4 years) to customers at heavily subsidized price points. Read More
The latest unaudited results from HTC for Q4 2011 indicate that total revenues reached NT$ 101 billion (US$ 3.34 billion), a 2.49% drop as compared to the same period in 2010. In stark contrast, Samsung just had a record breaking quarter with profits reaching 5.2 trillion won (US$4.5 billion), almost double the figures of Q4 2010. Samsung's results for Q4 2011 breaks its previous record profit period of 5.0 trillion won (US$ 4.3 billion) from Q2 2010 and is an increase of 22% from Q3 2011. According to an analyst Samsung shipped an estimated 35 million smartphones in the previous quarter alone, but this is likely to include Samsung's low-end bada operated devices. Read More
Google Music is old hat. Sorry, guys - it's true. Streaming? Amazon's Cloud Player and iTunes iCloud both have it. Locker storage? Amazon gives you a decent amount, too - and they might even increase it if they feel Google Music is one-upping them. Purchase options? Apple and Amazon both have more music you can purchase digitally, including titles from Warner Music Group (which Google Music does not have), where many major contemporary artists are signed.
Basically, Google did what it had to with Music: it kept up with the competition. Not having streaming, cloud storage, or a major storefront would make Google Music look like a joke next to iTunes with iCloud or Amazon MP3, and this is probably why Google waited so long after the launch of the "Beta" to unveil Music in a more public way. Read More
Early this morning (or late last night if you want to get technical), Samsung made its quarterly earnings call, and the company's mobile division is doing quite well - profits are up 38%, thanks in large part to the Galaxy S line of phones.
Samsung managed to sell over 10 million Galaxy S handsets in 2010, comprising roughly a third of all the manufacturer's smartphone sales. Given the Galaxy S's global launch along with its premium hardware and fair pricing, it's no surprise that device has been a big hit. But what about the Galaxy Tab?
Since its release, the smallish tablet has received mixed reviews (though our own Aaron Gingrich thoroughly enjoyed it), and given its treatment by some of the major tech blogs, "mixed" is putting it politely:
This thing is just a mess.
There was initially some doubt as to whether or not the Motorola Droid 2 actually contained the proper hardware for FM radio. We can safely lay that discussion to rest because, as of today, the developers at XDA have gotten a fully working port of the FM radio app from the Droid X onto the Droid 2. While it takes a good amount of knowledge to get this done, it doesn't take very long. In reference to how well it works, you are going to have to decide that for yourself. Read More
According to the Wall Street Journal, HTC beat estimates in its Q2 2010 earnings report; with net profits coming in at $268 million for the first half of the year, a 33% increase over 2009. The reason? Probably the fact that HTC is on track to ship over 20 million phones in 2010, a 66% increase over the 12 million they sold last year.
While at first glance these numbers hold little meaning, their implications could be significant. The fastest-growing portion of HTC’s phone lineup is undoubtedly smart phones running Android. As Google continues to develop Android into what it hopes will become the world’s premier mobile operating system, companies like HTC only stand to benefit. Read More
Sony Ericsson, a well known mobile arm of the Japanese company Sony Corp and Swedish Ericsson, posted its first profit in years, following a cost-cutting measure and introduction of new phones to the market, including the XPERIA X10 - its first Android based device.
Profits for Q1 2010 were EUR21 mil, compared to a loss of EUR293 mil a year ago.
In mid-2008, Sony Ericsson started a transformation program with the aim of reducing annual operating expenses by EUR880 mil. It is continuing with the full benefit expected during the second half of 2010. Since the start of the program, Sony Ericsson has laid off approximately 3,150 people to reach a total of 8,450 by March 31, 2010. Read More