Results

Apple: Most profitable quarter ever

The world might be struggling following on from the fall out of the economic downturn that then became the worldwide recession, but that hasn't stopped Apple boasting its most "profitable quarter ever" suggesting they are charging customers too much for the latest must...

Nokia reports loss for third quarter

Nokia has reported a loss in its third quarter results, revealing an operating loss of 426 million euros with sales dropping 20%.

This compares dramatically to the same period in 2008, when the Finnish phone manufacturer saw a profit of 1.5 billion euros.

The...

Apple Q3 results: iPhone maker continues to buck recession

Apple has announced its latest results on Tuesday continuing to buck the recession with an increase on the same quarter a year ago.

"The Company posted revenue of $8.34 billion and a net quarterly profit of $1.23 billion. These results compare to revenue of...

Dell profits fall 63%

Computer manufacturer Dell has seen its quarterly profits fall by nearly two-thirds. The second-largest PC maker made a profit of $290m (£182m) in February, March and April, in contrast to $784m (£488m) a year ago.

The blame has been pinned on the worldwide...

Vodafone profits down 53.5%

Vodafone has revealed its last financial year's profit has dropped 53.5% as it posted "impairment" charges against its businesses in Spain, Turkey and Ghana.

The impairment charges were write-downs of £5.9 billion that pushed net profit down to £3.1 billion...

Panasonic reveals £2.6 billion loss

Panasonic has joined Sony in announcing particularly gloomy financial results with a big loss for the year to the end of March 2009.

Panasonic lost 379 billion yen, around £2.6 billion, during the last financial year, and predicts similar poor results for the...

Sony reports first annual loss in 14 years

Sony has announced its first annual loss in 14 years, going $1 billion into the red. The company has also joined other Japanese heavyweights, like Toyota and Hitachi, in seeing a bleak outlook for the coming year.

To help turn the business around, the company...

BT to cut 15,000 jobs

BT is to cut thousands more jobs as the British telecoms company reveals it has seen an annual loss of £134 million.

Late last year BT said it was to shed 10,000 jobs, but it seems this figure actually increased to 15,000, and is to rise further, with another...

Amazon reveals strong Q1 results

Amazon has announced positive financial results for the first quarter of 2009.

Net sales increased 18% to $4.89 billion in the first quarter, compared to $4.13 billion in first quarter 2008 and would have been higher if it were not for foreign exchange rate...

Microsoft sales decline 6 percent

Microsoft can't, it seems, claim the same good fortune of Apple with its latest results, as the company announces a 6% decline in performance for its latest quarter based on like for like revenue from last year.

The Redmond based company announced revenue of...

eBay struggles as Skype continues to grow

eBay has confirmed what many analysts were thinking, that its core business of auction listings isn't doing as well as it should be.

Blaming "the impact of the strengthening dollar and the decline of the core business in difficult macroeconomic conditions",...

Apple Q2 results boosted by iPhone

Apple has announced that it has had its best 2nd quarter ever as the company shifted more iPhones and iPods than ever before.

Apple says that the company sold 3.79 million iPhones, a whopping 42,000 a day, representing a 123% unit growth over the year-ago quarter...

LG Q1 results reveal loss

LG Electronics has announced its first quarter financial results and has revealed a net profit loss of around $140 million, partly as a result of foreign exchange losses.

It's the second quarter on the trot that the Korean company has posted results in the red,...

Google's results in the black but revenue declines

Google has announced its financial results for the first quarter of 2009, and in contrast with other results revealed this week, the news is mostly good.

"Google had a good quarter given the depth of the recession - while revenues were down quarter over quarter,...

Sony Ericsson reveals 358 million euro loss

Sony Ericsson has followed Nokia this week in revealing poor financial results for the first quarter of 2009.

14.5 million phones were shipped in the quarter, down 35% compared to the same period of last year, while sales were 1736 million euros, a decrease...

Nokia reveals grim Q1 results

Nokia has revealed its financial results for the first quarter of 2009, and the news is pretty grim and lower than analysts expected with a 90% drop in net profit.

Nokia achieved overall net sales of 9.3 billion euros, down 27% from the same time last year while...

Philips reports Q1 losses

Following the 1.4 billion euro loss the company reported back in January for the last quarter of 2008 that resulted in 6000 job cuts, Philips has revealed more bad news for investors.

For the first quarter of 2009, the Dutch firm has announced a 17% decline...

HTC profits down 30% in first quarter

HTC has revealed its first quarter financial results to March 2009, with profits dropping a considerable 30%.

The phone manufacturer saw profits of $148 million this year, which compares to the $210 million they racked up in the same period in 2008.

Google bosses made $1 each in 2008

The top three Google bosses - CEO Eric Schmidt and founders Larry Page and Sergey Brin - took home just a $1 salary each last year.

As has been the case since the company went public in 2004, the trio drew just a dollar each from the coffers of the search engine...

Sony Ericsson warns of 390 million euro loss

Sony Ericsson has issued a statement saying it continues to see "weak" sales for the first quarter of 2009.

The company announced that its net sales and net income before taxes in the first quarter of 2009 "continue to be negatively affected by weak consumer...

ITV losses £2.7 billion, will cut 600 jobs

Results were expected to be bleak, but ITV has announced that write-offs from the value of its assets have meant losses of £2.7 billion.

On the back of this, the broadcaster has confirmed it will be cutting jobs with some 600 positions to go in as-yet unconfirmed...

Dell reveals results down 48%

Dell has announced its financial results for the fourth quarter and it seems consumers choosing cheaper computers - such as netbooks - has hurt the PC giant's profits.

Dell's net income dropped by nearly half, to $351 million for the quarter ended 31 January...

EA to close 15 studios after $641 million loss

Electronic Arts has reported a $641 million loss in its latest quarterly results, a huge jump from the $33 million loss recorded for the same period last year.

As a result, the company has announced it will close 12 of its facilities, and increase redundancy...

Panasonic announces 15,000 jobs to go

Panasonic is to cut 15,000 jobs, it's been revealed, following news from the Japanese electronics giant that it is projecting a net loss of 380 billion yen or $4.2 billion for the financial year ending 31 March.

"Business conditions have worsened particularly...

Motorola reports $3.6 billion loss

Motorola's fourth quarter financial results have been revealed and are described as "dismal", as was expected.

The phone company reported a net loss of $3.6 billion with total revenue falling to $7.1 billion from $9.6 billion the same time a year ago.