Olympus hangs $57 million loss on austerity, strong yen and declining compact camera market

Olympus hangs $57 million loss on austerity, strong yen and declining compact camera market

Olympus is reporting a $56.7 million loss for its first quarter of 2012. While its coveted medical imaging arm remains profitable, its life-science and industrial unit suffered thanks to corporate belt-tightening. Unsurprisingly, its low-end compact camera market is shrinking, but sales of its OM-D E-M5 ILC increased by 50 percent, offsetting some of the losses and reducing operating losses from $89 million last quarter to $19 million in this one. Like many of its Japanese rivals, it's also found a strong yen has stifled its return to productivity, a trend that isn't likely to change soon.

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Olympus hangs $57 million loss on austerity, strong yen and declining compact camera market originally appeared on Engadget on Thu, 09 Aug 2012 05:16:00 EDT. Please see our terms for use of feeds.

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Akamai: peak internet speeds jumped 25 percent year-to-year in Q1, Germany tops the mobile world

Akamai peak internet speeds jumped 25 percent year-to-year in Q1, Germany tops the mobile world

If you thought world internet access speeds were facing a large-scale slowdown, you can stop fretting for now. Data from Akamai suggests that average speeds were just 2.6Mbps, but that was a healthy 14 percent improvement over the fall and a noticeable 25 percent better than early 2011. Average peak internet connection speeds surged just as much in the first quarter of this year: at 13.5Mbps, the average maximum was a 10 percent season-to-season boost and that same 25 percent versus a year before. The leaders remain Asian territories with that ideal mix of dense populations and high technology, culminating in Hong Kong's blazing 49.3Mbps typical downlink. Akamai attributes much of the growth in peak speeds to an explosion in "high broadband" connections, where 10Mbps is the minimum -- countries like Denmark, Finland, South Korea, Switzerland and the US roughly doubled their adoption of extra-fast access in the past year.

Before cheering too loudly, we'd point out that mobile speeds are still trudging along despite HSPA+ and LTE making their presences felt. The most consistent speed came from an unnamed German carrier, which neared 6Mbps; the best regular American rate was 2.5Mbps, which underscores how far even some of the most developed countries have to go. There's also a clear gap in regular landline broadband quality if we go by the US' own National Broadband Plan standards. Just 60 percent of US broadband is over the 4Mbps mark, putting the US at 14th in the global ranks. We're hoping that projects like Google Fiber can raise expectations for everyone, but you can hit the source shortly to get Akamai's full study.

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Akamai: peak internet speeds jumped 25 percent year-to-year in Q1, Germany tops the mobile world originally appeared on Engadget on Thu, 09 Aug 2012 00:00:00 EDT. Please see our terms for use of feeds.

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Sharp pain continues with $1.2 billion loss in Q1, drastically lowered forecast for 2012

Sharp pain continues with $12 billion loss in Q1, drastically lowered forecast for 2012Having already scraped through a disastrous 2011, Sharp had been banking on making a small but significant profit this year. Those hopes have now evaporated, with the Japanese manufacturer's forecast of 20 billion yen ($250 million) in operating earnings for 2012 being revised down to a 100 billion yen ($1.25 billion) loss. That dose of reality is largely the result of the quarter just gone, in which hardly anyone appears to have bought an Aquos TV (despite the 90-incher being pretty amazing) or a Sharp-made LCD panel, and the company made a 94 billion yen ($1.2 billion) loss in the space of just three months. According to Reuters, as many as 5,000 staff may lose their jobs in the company's first major round of lay-offs.

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Sharp pain continues with $1.2 billion loss in Q1, drastically lowered forecast for 2012 originally appeared on Engadget on Thu, 02 Aug 2012 02:58:00 EDT. Please see our terms for use of feeds.

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Sony releases Q1 2012 financial results, eats $312 million loss

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Sony's first-quarter figures for 2012 show that despite the company's optimism three months ago, it's made a net loss of $312 million. It pulled in a whopping $19.2 billion in sales for the three months ending June 30th, partly credited to bringing Sony Mobile fully into the family. However, the cost of restructuring the Mobile Products and Communications Division (of which Sony Mobile is a part) came to $143 million, wiping out the additional gains to record a loss of $356 million. Gaming-wise, the PlayStation maker suffered a $45 million loss as falling sales of the PSP and PS3 were only partially offset by the sales of the PS Vita. There was better news in its imaging division, while sales of compact cameras fell, DSLRs and "Professional" products took up the slack, resulting in a profit of $160 million.

In a trend we've seen across the Home Entertainment industry, sales of LCD televisions continued to fall, forcing the company to eat a loss of $126 million. Movie and TV recorded a loss of $62 million, although that's primarily due to a dip in advertising sales in India and the cost of marketing (but not producing) The Amazing Spider-Man, the profits of which won't be recognized until September. Finally, while it spent big to purchase EMI this quarter, big-ticket albums like Usher's Looking 4 Myself and One Direction's Up All Night helped the division make a profit of $92 million. While Sony's treading water to execute Kaz Hirai's "One" Strategy, it's still got $8.4 billion stashed under the mattress, and in the face of lower sales, is hoping that reduced costs will help it make $1.6 billion in profit by the end of March 2013.

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Sony releases Q1 2012 financial results, eats $312 million loss originally appeared on Engadget on Thu, 02 Aug 2012 02:30:00 EDT. Please see our terms for use of feeds.

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Toshiba slips into the red as latest earnings reveal $153 million loss

Toshiba slips into the red as it records a $153 million loss

Toshiba's most recent fiscal results (the first of its 2012 financial year) show that while the company pulled in $16 billion in turnover, it slumped to a $154 million loss for the last three months. While its "social infrastructure" unit (power plants, LED light bulbs and radiation detectors) generated a $107 million profit, the consumer electronics and white-goods sectors continued to lose sales. The company attributes the loss to further restructuring costs as well as pointing an accusatory digit toward the European financial crisis and concerns about power generation capacity in Japan. Despite the gloom, the company says that it still expects to hit a target of $81 billion turnover and $3.8 billion profit before March 2013.

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Toshiba slips into the red as latest earnings reveal $153 million loss originally appeared on Engadget on Tue, 31 Jul 2012 04:23:00 EDT. Please see our terms for use of feeds.

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Huawei 1H 2012: profits dropped 22 percent, still made $1.37 billion

Huaweis firsthalf 2012 financials

Huawei's financial figures for the first six months of 2012 reveal that the Chinese behemoth brought in turnover of 102.7 billion yuan ($16.08 billion), making a profit of 8.79 billion yuan ($1.37 billion). That's not exactly bad news, but the figure is 22 percent smaller than the same period last year -- leading the company to blame the drop on the global economy and saying that the telecoms business is a "significant challenge." It humbly bragged that it had deployed 38 of the 80 commercial LTE networks worldwide and that the upstart now held over 12 percent of the Chinese smartphone market. It also claimed that the Ascend P1 and Ascend D1 had become bestselling handsets in China, Western Europe, Japan, Australia and Canada -- which might have prompted CFO Ms. Meng Wanzhou to be "optimistic" about the company's performance in the second half of the year.

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Huawei 1H 2012: profits dropped 22 percent, still made $1.37 billion originally appeared on Engadget on Tue, 24 Jul 2012 17:47:00 EDT. Please see our terms for use of feeds.

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IDC: Nokia moved just 2.2 million Lumias this winter, but stay tuned

IDC Nokia moved just 22 million Lumias this winter, but stay tuned

Although we know that Nokia had a wince-inducing first quarter, the company was hush hush on how many of its Windows Phone-packing Lumias had shipped out. We still don't have official word, but IDC estimates that Nokia delivered 2.2 million of the devices to shops (not necessarily to customers) between January and March. If the total is accurate, Lumias would represent less than a fifth of the 11.9 million smartphones shipped by Espoo over the season and wouldn't have Apple or Samsung quaking in their boots just yet. The research team is careful to warn that the spring and summer will be the real litmus tests: a healthy Lumia 900 launch in the US could easily spike that number. Our one certainty is that Nokia will still have to sell a lot of 808 PureViews if it wants to keep its smartphone sales humming in the short term.

IDC: Nokia moved just 2.2 million Lumias this winter, but stay tuned originally appeared on Engadget on Fri, 08 Jun 2012 03:14:00 EDT. Please see our terms for use of feeds.

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Apple lords over tab market in Q1 2012, Samsung bumps Kindle in scuffle for scraps

apple-tab-market-in-q1-2012-samsung-bumps-kindle

If it's the end of a financial quarter, there must be another chronicle of the iPad swelling Apple's money pile and its tablet competitors trying in vain to chip off more for themselves. And with 11.8 million shipped by Cupertino out of 18.2 million slates total, that's pretty much the case -- with a minor shuffle of those "other guys" the only other tidbit. To wit, Amazon's Kindle petered into third spot only a quarter after trumpeting its ascension to number two, and Samsung displaced it as distant runner-up with sales of 1.1 million tabs. The most wide-eyed in the Korean maker's camp might point to Apple being topped in the rate of 3G / 4G tablets sold, but with eight times the sales of WiFi models, we doubt Apple's number-crunchers are losing any sleep over it. Per usual, the full report can be seen in the source link.

Apple lords over tab market in Q1 2012, Samsung bumps Kindle in scuffle for scraps originally appeared on Engadget on Mon, 04 Jun 2012 15:40:00 EDT. Please see our terms for use of feeds.

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NPD Q1 2012: Apple still king of the mobile computing hill thanks to iPad

NPD Q1 2012: Apple still king of the mobile computing hill thanks to iPad

NPD DisplaySearch is declaring Apple to be the undisputed champion of the mobile PC business for the first quarter of the year. The fruity phone flinger shipped (shipped, not sold) 17.2 million mobile PCs in the time, a figure that contentiously includes the iPad. Second place was taken by HP, which packed off 8.9 million units -- enough to put it at the top of the Laptop-only chart.

It's a familiar story over on the tablets leader-board, too. Cupertino pushed out 13.6 million iPads to maintain first place, while Samsung took the silver medal after packing off 1.6 million of its numerous Galaxy slates. Surprisingly, Amazon only needed to ship 900,000 Kindle Fires to take third, although given that the bookseller never discloses its numbers, we have to take that last number with a dash of disbelief.

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NPD Q1 2012: Apple still king of the mobile computing hill thanks to iPad originally appeared on Engadget on Tue, 22 May 2012 17:37:00 EDT. Please see our terms for use of feeds.

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Gartner: mobile phone sales fell two percent last quarter, Samsung confirmed as numero uno

Gartner: mobile phone sales fell two percent last quarter, Samsung confirmed as numero uno

Gartner's latest dispatch reveals a wobbly global trade in mobile phones. Although our love of smartphones continued to blossom, with sales of that subcategory up nearly 45 percent, it wasn't enough to stave off a two percent overall decline compared to the same quarter in 2011. A total of 419.1 million handsets were sold, representing the first hiccup after nearly three years of growth and leading analysts to point fingers at a slow down in the Asia / Pacific region as well as a lack of product launches at the start of the year. Meanwhile, these figures also confirm what was already gleaned from IDC's shipments data: Samsung has knocked Nokia off its 14-year-old perch to become the padrone of the mobile phone market, with a cut of over 20 percent. It also replaced Apple as the number one smartphone vendor, claiming ownership of almost half of that segment. Damn, it feels good to be a pebble.

Gartner: mobile phone sales fell two percent last quarter, Samsung confirmed as numero uno originally appeared on Engadget on Wed, 16 May 2012 05:23:00 EDT. Please see our terms for use of feeds.

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