finance Stories April 23, 2015

Google today has posted its earnings for Q1 2015. The company reports revenue of $17.3 billion, which is up 12 percent compared to the first quarter of 2014. Net income for Q1 2015 was $3.68 billion For the first quarter of 2015, the company also reports earnings per share of $6.57. Google CFO Patrick Pichette cites momentum of its mobile advertising business as a reason for its strong performance.

expand full story

finance Stories May 6, 2014

JPMorgan Chase’s Jamie Dimon isn’t just keeping an eye on other financial institutions like Wells Fargo and Bank of American. The company’s CEO is also sizing up Google and its online services like Wallet. “We move $10 trillion a day,” Dimon said today at the Euromoney Saudi Arabia conference in Riyadh. “We’re one of the largest payments systems in the world. We’re going to have competition from Google and Facebook and somebody else.”

expand full story

Deal: Get Pixelbook at 25% off: $750!

finance Stories April 2, 2014

Google might be preparing to release a new Gmail app for at least Android devices that will introduce a few new notable features.

Geek.com got its hands on the screenshots above that is apparently a version of Gmail for Android that Google is currently testing. It includes new Travel, Purchases, and Finance categories in addition to the Social, Promotions, Updates and Forums categories currently available. Also present is a pinning feature for making emails of your choosing remain at the top of your inbox as well as a “snoozing” feature that allows you to delay an email for a set amount of time much like hitting snooze on your alarm clock. Within a slightly tweaked UI you’ll also notice a new toggle at the top of your inbox that allows you to switch between showing pinned emails and haven them return to chronological order.

There’s always a chance the features above will never make it out of testing, but there’s also a possibility Google could be planning to roll them out to users in a future update. As always, we’ll keep you updated as we learn more.  expand full story

finance Stories January 9, 2012

Source: HTC

HTC posted unaudited consolidated results for the fourth quarter of 2011 this morning. The numbers do not look good for Asia’s second-largest handset maker as net income fell 26 percent annually to $11 billion in New Taiwan currency, or approximately $364 million USD – its first quarterly profit decline in two years. Revenue for the quarter was NT$101,419 million, a 2.49 percent annual decline.

Unaudited operating income reached NT$12.98 billion, but net income after tax was NT$11.02 billion, which is slightly behind the NT$11.6 billion expected by 11 analysts polled by Bloomberg.

Shares fell 4.2 percent to a three-week low of NT$462 in Taipei trading as Citigroup cut both the 2012 and 2013 earnings estimates for the company by 19 percent each. Citigroup explained its decision with the expected market share losses to Apple and Samsung. Surely, the writing has been on the wall for HTC for some time (here and here). More information and another chart are featured right after the break.

expand full story

finance Stories October 6, 2011

Taiwanese smartphone maker HTC reported unaudited third quarter earnings. The numbers don’t disappoint and follow their equally successful June quarter sales trends when the company doubled profits on sales of 12.1 million smartphones. For the three-month period, HTC’s profits and revenues almost doubled year over year, buoyed on their extensive lineup of the recently released Android handsets.

Unaudited net profit topped T$11.1 billion, or about $360 million, an increase over the T$5.695 billion a year earlier. Operating income climbed to NT$20.2 billion in the third quarter and earnings per share were NT$22.03. Revenue for the quarter was NT$135.8 billion, an eighty percent sequential increase.

Going forward, HTC is expected to benefit from the ongoing interest surrounding the Android platform and a new cloud services model stemming from their acquisition of Dashwire. HTC is ranked the fourth smartphone maker globally and was the leading Android vendor and the second-best smartphone maker in the United States last quarter.

expand full story

finance Stories July 29, 2011

HTC reported second-quarter earnings today and just briefly glancing at numbers was enough to realize why they’re the #2 smartphone vendor in the US. Per their statement, HTC grew its revenues by 104 percent from the year-ago quarter and shipped 12.1 million phones during the June quarter. The company reported revenues of  NT$12.4 billion, or approximately $4.3 billion, a 19 percent sequential increase. Net income for the quarter topped NT$17.52, more than double from NT$60.96 billion in the year-ago quarter (and an 18 percent sequential jump).

The 12.1 million phones shipped include devices powered by Microsoft’s and Google’s software and amount to a 25 percent and 24 percent sequential and annual jump in terms of units, respectively. Looking at the third quarter, HTC is modeling for a 10 percent quarterly increase and a 90 percent annual jump based on shipments of an estimated 13.5 million phones.

New phone shipped in the quarter include the HTC Sensation, EVO 3D, Wildfire S, ChaCha, Salsa and Flyer. The average selling price dropped from $359 in the previous quarter down to $349 because they brought new inexpensive handsets to the market. Much of HTC’s growth came from Europe, Asia and the United States, where Nielsen ranks them as the second-largest smartphone maker. The achievement is even more impressive taking into account that Apple is now the world’s leading smartphone maker and controls two-thirds of total operating profits in the handset business.

expand full story

Powered by WordPress.com VIP