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Earlier this summer, Sony closed another fiscal year of being in the red, but it’s starting the 2010/11 ledger with its quill dipped firmly in the black inkwell. For the quarter ending June 30, the Japanese megacorp clocked up ¥25.7 billion ($293 million) in pure, unadulterated profit off the back of a ¥67 billion operating income. When you compare that to the performance this time last year, a ¥37 billion loss, you have to agree that the Stringer purse-tightening program seems to have delivered the desired effect. The primary drivers for the current resurgence are pinpointed as the PlayStation 3 and Bravia lines (frankly, we consider the two utterly inseparable), and Sony’s feeling so buoyant about it all that it’s revising its projection for the coming year’s revenues upwards today. The good news is tempered, however, by the threat of a rising Yen, which has already claimed Nintendo’s profits as its first victim.

PS3 and Bravia sales boost quarterly Sony profits above expectations originally appeared on Engadget on Thu, 29 Jul 2010 05:42:00 EDT. Please see our terms for use of feeds.

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Although foreshadowed, it’s hard to believe that the once mighty Ninty, a company with unshakable profits even during last year’s global economic downturn, just recorded a Q1 net loss of ¥25.22 billion ($288 million) compared to a net profit of ¥42.32 billion during the same 3-month period a year earlier. Revenues dropped from ¥253.50 billion to ¥188.65 billion. Lower DS portable gaming machine prices coupled with a strong Yen (86.5 percent of its sales were outside of Japan) helped pull Nintendo into the red. Regardless, Nintendo continues to forecast a full year net profit of ¥200 billion on revenue of ¥1.4 trillion. We’ll see.

Nintendo posts Q1 loss on strong Yen and lower DS prices originally appeared on Engadget on Thu, 29 Jul 2010 04:43:00 EDT. Please see our terms for use of feeds.

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Mobile chip wunder-company and recent Microsoft BFF ARM Holdings has released its financial results for the second quarter, and the news is good. Real good. Revenues are up about 50 percent compared to the same period a year before and profits jumped a whopping 167 percent. ARM indicates its strong presence in the mobile market is the primary reason for this growth, citing an average of 2.6 ARM-based chips in every cellphone. New licensing deals, like the one with Microsoft, also buoyed that result. What’s next for the company? 2.6 ARM-based chips in every baby, puppy, and kitty.

ARM beats revenue forecasts, swims in piles of gold coins originally appeared on Engadget on Tue, 27 Jul 2010 07:09:00 EDT. Please see our terms for use of feeds.

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Olli-Pekka Kallasvuo was already a man in a hot seat and these latest numbers will do little to lower the temperature. Nokia’s net profit for Q2 2010 was €221 million, which most companies would be happy with were it not for the fact that this company pulled in €380 million in the same quarter last year — and that’s with 2009, as Nokia’s own report indicates, representing an economically tougher environment. Average selling prices for Nokia handsets used to be €64 back then, which dipped to €62 in the first quarter of this year, and is now at €61. Nokia says this has been caused by price pressures, “particularly in certain high-end smartphones,” and though the change may appear small, a Euro’s difference tends to be amplified when you’re shifting upwards of 111 million units each trimester. For his part, OPK has said that the speculation about him being replaced isn’t doing Nokia any good and he’s determined that it “must be brought to an end one way or another.” Guess we better keep an eye on this one then.

Nokia quarterly profits drop 40 percent year-on-year as CEO says speculation must end ‘one way or another’ originally appeared on Engadget on Thu, 22 Jul 2010 07:21:00 EDT. Please see our terms for use of feeds.

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We were impressed with HTC back in April when it forecast a record $1.6 billion revenue for itself over the second quarter, but lo and behold, the Taiwanese superphone maker has gone and outdone that with a $1.88 billion income over the period between April and June. Reporting a very solid 33 percent improvement in profits year-on-year — $268 million versus $202 million 12 months ago — the company points to strong sales (no doubt catalyzed by Android’s growing popularity) as the chief culprit for its newly increased tax bill. Guess that shows that having a wide catalog of high-end devices doesn’t preclude raking in the cash, provided they’re all desirable enough to garner mind and market share.

HTC quarterly profits improve by a third, beat even its own lofty expectations originally appeared on Engadget on Tue, 06 Jul 2010 06:19:00 EDT. Please see our terms for use of feeds.

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Nintendo’s 2009 financial results have just been released and, shockingly enough, the company hasn’t been able to break its profit record yet again. In fact, annual net profit dipped — for the first time in six tenths of a decade — to $2.44 billion, a 12 percent drop from the previous fiscal year’s $2.79 billion. Sales of the Wii were down 21 percent year-on-year, but Nintendo still managed to shift 20 million units globally, so it’s not exactly all doom and gloom at Mario HQ. And while Microsoft and Sony are working on their own motion-sensing offerings, Ninty is reloading the only way it knows how — bringing the noir Wii to fashion-conscious Americans, and an all-new 3D portable console for the rest of us. Anyone willing to bet against Nintendo’s income sheet improving next year?

[Original image courtesy of Anarkyman]

Nintendo net profit declines for first time in six years, panic remains inadvisable originally appeared on Engadget on Thu, 06 May 2010 06:42:00 EST. Please see our terms for use of feeds.

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As in any business, in the world of the smartphone there are winners and there are losers. Earlier this week Apple blew away market expectations and posted a $3 billion profit thanks largely to increased popularity of the iPhone. For the competition news is not so good, and while Nokia did manage to boost earnings per share 40 percent this year, it missed analyst expectations and, more importantly, is having to delay the release of Symbian^3 until sometime in the third quarter. The release was initially due in the first half of the year, then became a little more specific as a Q2 release. These factors have sent share prices dropping 12 percent and leaves Nokia fans waiting another few months for a taste of something fresh — not good when there are so many other delectable options up for the taking.

Nokia delays Symbian^3, investors not impressed originally appeared on Engadget on Thu, 22 Apr 2010 07:51:00 EST. Please see our terms for use of feeds.

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Apple might not be too happy about having a fourth-gen iPhone prototype get stolen, but there’s nothing like cold, hard cash to turn a frown upside-down — and the company certainly made plenty of it in the second quarter of 2010, posting a $3.07b profit on $13.5b in revenue. That’s the Apple’s best non-holiday quarter ever — profits were up 90 percent while revenue was up 49 percent — and yet another record quarter for Steve and the gang. Mac sales were up 33 percent from a year ago with 2.94m units sold, iPhone sales were up 131 percent with 8.75m units sold, and iPod sales were down one point with 10.89m units sold. We’re just about to jump on the analyst conference call, we’ll let you know if we hear anything good — we wonder what people might be asking about?

Update: Oh, why not — let’s liveblog this thing. Follow along after the break at 5PM ET.

Continue reading Apple has another record quarter, posts $3.07b profit

Apple has another record quarter, posts $3.07b profit originally appeared on Engadget on Tue, 20 Apr 2010 16:48:00 EST. Please see our terms for use of feeds.

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Can it be, did Sony Ericsson just post its first quarterly profit since Q2 2008? Make.Believe it: the fantastically handsome crew from Stockholm is reporting a Q1 2010 net profit of €21 million, besting analysts who were expecting a €128 million loss. Importantly, SE managed to bump the average handset selling price to €134 on 10.5 million sold compared to the 14.5 million sold at an average of €120 a year prior thanks, in part, to the launch of its uneven X10 and buggy Vivaz. For those keeping track, that drops Sony Ericsson’s share of global handset sales down from 5% last quarter to around 4% currently. So yeah, slashing head count and closing facilities has earned Sony Ericsson a short-term win on Wall Street. Remains to be seen, however, if they’re now spread too thin to continue juggling Symbian, Windows Mobile, and Android with expectations for even more Sony Ericsson supported OSes in the future.

Sony Ericsson posts surprise profit from unsurprising handsets originally appeared on Engadget on Fri, 16 Apr 2010 04:22:00 EST. Please see our terms for use of feeds.

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