All is not well at HTC. It today posted another difficult earnings report detailing its fourth consecutive quarter of losses. The Taiwanese manufacturer, which has just released its latest flagship smartphone, the HTC 10, lost roughly $148 million be...
Google announced on Thursday that it will no longer support the physical debit cards tied to users' Wallet accounts beginning July 1. Instead, Google plans to press forward with development on its mobile app.
Sony has purchased Toshiba's image sensor business for 19 billion yen, or around $155 million, confirming rumors from October. It recently re-organized its sensor division into a wholly-owned subsidiary called the Sony Semiconductor Corporation. The...
BlackBerry has just reported a $935 million hit in Q2 due entirely to what it's calling a "Z10 Inventory Charge" -- in other words, a loss associated with creating a stock of flagship handsets that subsequently failed to sell. Echoing Microsoft's catastrophic write-down due to unsold Surface RT inventory, this single loss was enough to wipe out much of the company's quarterly revenue of $1.6 billion. When added to a further loss due to corporate restructuring, it resulted in a final GAAP loss for BlackBerry of $965 million. It's hard to gauge exactly how many of the newer BB 10 handsets (namely the Z10 and Q10) sold during the quarter, but BlackBerry admits that "most" of the 3.7 million units that reached end users were older BlackBerry 7 devices, so the figures can't be pretty. For his part, Thorsten Heins says he's "very disappointed" with the results, but he claims the company saw growth in enterprise server (BES 10) customers and he insists there's still a future in that side of the business -- a future that could soon belong to someone else.
Filed under: Cellphones, Mobile, Blackberry
Source: MarketWired
You know, it makes sense: an app for the one percent, tailor-made for a $1,500 headset. Fidelity's Market Monitor app for Google Glass might just be the most impressive program to debut for the device, particularly considering the class of individual who would take advantage. In the trading world, missing an alert or notification by even three seconds could be the difference between million and millions, with this app enabling Fidelity customers to request real-time stock quotes and receive alerts dealing with companies in their portfolio. In a concept video describing what's possible (embedded just after the break), we even see a wearer snap a photo of a Google logo, and the app translates the photo into a stock quote for GOOG.
We're guessing that it's only a matter of time before every other financial institution follows suit, which will likely lead to each and every CNBC anchor wearing a set whilst on air. Also, we're hearing from a "reliable source" that both Michael Douglas and Shia LaBeouf will be joined by Arnold Schwarzenegger in Wall Street: Glass on Glass on Glass.
Source: Fidelity Labs (1), (2)
Nintendo has just revealed its consolidated results for the April-June quarter, and they show a significant 3.8 percent decline in sales compared to the same quarter last year -- despite (or perhaps because of) the release of the semi-next-gen Wii U. This console sold just 160,000 units during the quarter, or less than half the number of units shifted between January and March. The company's original sales projections for the device, and its hope of selling nine million units by March 2014, are now a distant dream -- we're looking at a lifetime total of just 3.61 million sales. On a more positive note, however, it still managed to sell a million Wii U games, and 1.4 million 3DS handhelds. In addition, the year-over-year fall in revenue was much smaller than the one Nintendo suffered in Q2 2012, and its operating loss was much smaller too -- just under five billion yen in the red. Factoring in all the company's various sources of income, it managed to eke out a net profit of 8.6 billion yen, or $88 million, so there's some life in this playful old outfit yet.
Source: Nintendo (PDF download)
The retail game is all about scraping a living out of tiny margins, and nowhere is that more evident than in Amazon's latest financial report. The company managed to grow revenue by 22 percent year-over-year between April and June, to $15.7 billion, and yet it confounded analysts' predictions by making a loss of $7 million, versus a $7 million profit in the same quarter last year. Then again, this knock has been attributed to the fact that Amazon is pushing to expand beyond the retail game, by investing heavily in its Kindle business, digital downloads and streaming products, as well as in building a bigger presence in China. This has been the strategy for a while, of course, and it's not the first time the company has been pushed into the red as a result. But Jeff Bezos says that Amazon's top ten bestselling products last quarter were all either Kindles, accessories for Kindles, or digital content for Kindles, which suggests the transformation is steadily having an impact, even if it's proving expensive.
Filed under: Misc, Tablets, Internet, Amazon
Source: BBC News
There are your everyday run-of-the-mill hackers, and then there are the hackers who set the bar for everyone else. Though we'd hardly call them exemplary individuals, the five culprits recently indicted for the largest known financial hack in US history would certainly belong in the latter category. Comprised of four Russians and a Ukrainian, the quintet's unsavory accomplishments include breaking into networks belonging to major corporations like Nasdaq, Dow Jones, 7-Eleven and JCPenney -- siphoning more than 160 million credit card numbers and bringing about millions of dollars in losses. They did so with SQL injection attacks to install malware that let them crack passwords and snag other sensitive data. Two of them -- Vladimir Drinkman and Dmitriy Smilianets -- have been arrested, while the rest -- Alexandr Kalinin, Roman Kotov and Mikhail Rytikov -- remain at large. All five could be behind bars for decades if found guilty. For the nitty gritty as to just how and which companies were affected, hit up the source link below. It's enough to make you want to change your password several times over.
Filed under: Internet
Via: Ars Technica
Source: US Department of Justice
The closing bell has rung, and Yahoo has released its earnings for the second quarter of 2013. What's the final verdict? Compared year-to-year over the same quarter last year, it's mostly good news for the company: GAAP income is at $137 million (up 150 percent), while GAAP revenue comes in at $1.13 billion (down seven percent). GAAP net earnings came in at $331 million, which is a 46 percent increase from this time last year, while non-GAAP came out at $386 million, a six percent jump. Not bad, given the number of acquisitions the company made this quarter -- nine, to be precise, including Tumblr.
In terms of other highlights from the earnings report, search revenue fell by nine percent year-over-year, while display revenue went down 12 percent. Net earnings per share jumped up 68 percent to $0.30. Full press release is below the break for your perusal.