We’ve already heard about Apple and Samsung’s record breaking profits, Nokia’s terrible fall from grace, Google and Microsoft’s worrying drops, and HTC’s disastrous results, and now it’s Sony’s turn to let us peek into the conglomerate’s internal affairs.
If you think that HTC has hit rock bottom with their disastrous Q3 financial results, the phone maker has more bad news to share. In a recent statement, the company said that its Q4 revenue is set to drop 14% compared to the previous quarter, signaling that it has yet to succeed in weathering the Samsung storm.
It’s that time of the year when companies are opening up to the world about their financial success, or lack thereof. Facebook’s Mark Zuckerberg braved Wall Street once more to discuss about the company’s Q3 financial result and the road it plans to take to get more streams of revenue.
The company’s mobile run rate in the third quarter was an impressive $8 billion, more than three times the run rate from the same quarter in 2011, which was $2.5 billion. Does this mean that Google managed to triple its mobile business in just one year? Not exactly.
It’s that time of the year again. Public tech companies report their earnings for the previous quarter, and analysts and tech bloggers get to dissect them and compare them against predictions. Now it’s Microsoft’s turn.
Not the savior that it was hoped to become, the Windows-running Lumia smartphones have failed to get Nokia out of the red. The company’s Q3 financial results released today show that the Microsoft partnership has yet to bear a fruitful outcome, as the once mighty ruler reported a net loss of $1.27 billion.
Despite being seen as part of the US carriers “Big Four” by everyone, T-Mobile hasn’t exactly had the most prodigious and quiet year. First, there’s been talk about a merger with AT&T, which should have resulted in one wireless service giant almost impossible to compete against.
After several consecutive quarters of significant financial losses, in the last few months T-Mobile seemed to be able to gear away from the road to perdition. The number four carrier in the United States went for a pretty inspired image re-branding, introduced a far more attractive pricing structure for prepaid mobile broadband plans, and even strengthened its high-end phone portfolio with Samsung’s highly successful Galaxy S3. The results? Well, let’s just say they aren’t as bad as others, but they’re clearly bittersweet, at best. According to the latest financial report made public by T-Mo USA earlier today, the carrier’s net income…
HTC’s financial results haven’t been kind to them lately, and neither has the media. All of HTC’s problems have been documented extensively lately, which, in turn leads to shareholders losing trust in the company’s ability to recover. However, this is the sort of thing a public tech company should expect. Financial dry spells never happen suddenly, even if it may seem so when everything comes crashing down. But the seeds for HTC’s decline were planted a long time ago, at the time when the company started to care more about sales than for its products. This led to HTC churning out…
To get an idea of how the smartphone business is these days, consider that Samsung is one of the few manufacturers that had positive figures to show to shareholders in the second quarter of 2012. Sony yesterday announced losses, in spite of growing revenues in the mobile business, while LG slipped backed in the red, after the good performance from the first quarter of 2012. Even Apple somehow disappointed investors by missing estimates in Q2 and shipping fewer iPhone than expected. HTC announced a puny $250 million in profit in the second quarter, a massive 57% lower than in the…