The US and France reportedly reach a deal over ‘digital services’ tax

The Trump Administration and the French government have supposedly reached a deal that ends a feud over France's tax on tech giants, Bloomberg reports. Earlier this year, French President Emmanuel Macron proposed a three percent tax on revenues earne...

HTC revenues continue to drop at alarming rates, down 61% from last October

HTC continues to struggle as revenues drop at alarming rates

It's no secret that HTC has hit a bit of a rough patch. Things started taking a turn for the worse in Q4 of 2011 when its revenue finally stopped growing and profits dropped along with it. Its been a continuous slide since and, if October's sales numbers are any indication, Q4 of 2012 isn't going to be when he Taiwanese manufacturer finally stops the bleeding. For the second month in a row revenues fell by double digits, down almost 19 percent from from September. Year-over-year, things are even worse. Revenues are down 61 percent from October of last year, a significant fall from even last month's 53 percent drop off. The company may even struggle to meet its rather conservative earnings goals. Things are beginning to looks seriously dire for the company which has fallen almost as spectacularly as it climbed. But there's always hope. With the Windows Phone 8X, 8S and the One X+ all right around the bend, the final two months of the quarter could present HTC with a chance at redemption.

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HTC revenues continue to drop at alarming rates, down 61% from last October originally appeared on Engadget on Tue, 06 Nov 2012 12:57:00 EDT. Please see our terms for use of feeds.

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Lenovo beats PC market with 46 percent profit surge

http://www.engadget.com/2012/05/23/lenovo-beats-pc-market-with-46-percent-profit-surge/

Yep, it's party-time in Beijing once again. While the PC industry as a whole reportedly grew by a tight handful of percentage points over the past year, Lenovo has somehow managed to continue its long-running growth spurt, with shipments up 44 percent and operating profits up 46 percent. Sales of both laptop and desktop (including IdeaCentre all-in-ones) grew roughly equally, helped along by blossoming demand in emerging markets, while fledgling smartphones and tablets also proved popular in Lenovo's homeland. The manufacturer reckons it's now second in command of the market behind HP, although it conveniently disregards Apple's iPad from its ranking.

Lenovo beats PC market with 46 percent profit surge originally appeared on Engadget on Wed, 23 May 2012 03:16:00 EDT. Please see our terms for use of feeds.

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DirecTV adds 81,000 subscribers during Q1 in the US, increases revenue by 12 percent

DirecTV adds 81,000 subscribers during Q1 in the US, increases revenue by 12 percent

Unlike with Comcast, Wall Street experts weren't surprised by DirecTV's latest Q1 results -- in fact, they were quite disappointed. The satellite provider only managed to add 81,000 subscribers in the US of A during the quarter, which is more than a 50 percent decrease compared to last year's Q1 (184,000). Meanwhile, DirecTV did see a 12 percent increase in revenue, pushing the total to about $7.05 billion. That last bit thanks in large part to landing over 590,000 new customers in Latin America, though that didn't keep its current share price from dropping about 2.7 percent to $46.60. Nonetheless, DirecTV CEO, Mike White, says his company "delivered another strong quarter [..] highlighted by double-digit revenue, EPS and cash flow growth." Us? Well, we're wondering why those "roadside ditch" commercials aren't luring more Stateside folks away from cable...

Continue reading DirecTV adds 81,000 subscribers during Q1 in the US, increases revenue by 12 percent

DirecTV adds 81,000 subscribers during Q1 in the US, increases revenue by 12 percent originally appeared on Engadget on Tue, 08 May 2012 17:18:00 EDT. Please see our terms for use of feeds.

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ARM reports revenues up 13 percent, bicep-curling profits up 22 percent

ARM reports revenues up 14 percent, bicep-curling profits up 22 percent

UK-based chip designer ARM just announced another booming quarter, with revenue up by 13 percent to $209.4 million. Pre-tax profits were even stronger, growing 22 percent year-over-year to $100 million. Not a bad profit margin by anyone's standards, and due to entirely to the Cambridge outfit's business model, which has seen 22 new processor licenses signed this quarter. That includes everything from the smallest Cortex-M class chips for use in the "Internet of Things" right through to the mini-monster Cortex-A15. There were also two new signings for the Mali graphics core, which is still proving its worth in some of the latest Samsung Galaxy devices. Overall, the number of chips that went into mobile phones and mobile computers remained steady, but the shipment of chips for other types of consumer and embedded devices grew by 15 percent year-on-year, proving that ARM not only has muscle, but also fingers in pies.

ARM reports revenues up 13 percent, bicep-curling profits up 22 percent originally appeared on Engadget on Tue, 24 Apr 2012 04:30:00 EDT. Please see our terms for use of feeds.

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Verizon’s vitals: quarterly revenue up five percent to $28 billion, earnings of $1.7 billion

Verizon quarterly financials for Q1 2012

Verizon is remembering how to turn to subscribers into cash, reporting consolidated revenues up 4.6 percent year-over-year to $28 billion and earnings of $1.7 billion -- boosting earnings-per-share by 15 percent. By comparison, revenues were $27 billion in Q1 2011, and a mere $18 billion last quarter, which resulted in a $2 billion net loss. Big Red's performance is now as strong as ever, with subscriber numbers up five percent to 93 million, and with 47 percent of those customers using insanely profitable devices called smartphones. On the TV and broadband side side, its FiOS unit now tops five million internet customers, and added a net total of 180,000 video subscribers. And that new $30 upgrade fee hasn't even kicked in yet.

Continue reading Verizon's vitals: quarterly revenue up five percent to $28 billion, earnings of $1.7 billion

Verizon's vitals: quarterly revenue up five percent to $28 billion, earnings of $1.7 billion originally appeared on Engadget on Thu, 19 Apr 2012 07:33:00 EDT. Please see our terms for use of feeds.

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HTC’s unaudited Q1 2012 financials: revenue down by 35 percent

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HTC's unaudited financials have just hit the wires and it looks like the negative trends from last year are continuing. For the first quarter of 2012, revenues are down nearly 35 percent year-on-year, with revenues of 67,790 million Taiwanese dollars (around $2.3 billion) for the period. Operating income was 5,099 million Taiwanese dollars (roughly $173 million) and profits after tax 4,464 million Taiwanese dollars ($151 million). The company must be hoping that this represents the end of the nasty hangover from its previous scatter-gun approach to phone production. Now that it's gone with the sleek and slender One series lineup, we'll see how well the company's about-turn does in the next two quarters.

HTC's unaudited Q1 2012 financials: revenue down by 35 percent originally appeared on Engadget on Fri, 06 Apr 2012 04:31:00 EDT. Please see our terms for use of feeds.

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