More great news for mobile giant Samsung: quarterly profits for the world leader in mobile phone and memory chip sales have gone up for the fifth consecutive quarter.
In case you haven’t noticed by now, the global economy isn’t exactly doing too well. Countries are struggling to pay off their debts, which means they’re being really anal about making sure everyone is paying their taxes. Large companies, by the very nature of the fact that they’re massive, make a ton of money. Do they store that money where the bulk of their employees live? Nope. They often use what’s referred to as “tax shelters”.
There’s a lot of Apple hate going on in the comments section of our website (sometimes justified, sometimes not as much), but if there’s one thing fanboys, Android enthusiasts and neutral tech lovers can’t deny is Cupertino’s ability of turning everything it touches into gold.
Well, we can’t say that HTC hasn’t warned the world about the treacherous roads ahead. As the Taiwanese phone maker shares its October sales, investors are bracing themselves for the worst. It’s clear from the numbers that HTC hasn’t figured out a way to reverse its downward spiral.
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.