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Motorola reports $3.6 billion loss
Mobile devices division in deep doo-doo 3 February 2009 15:28 GMTMotorola'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.
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Vodafone revenue up thanks to weak pound
12.8% of 14.3% due to exchange rate 3 February 2009 12:15 GMTIn a welcome change from the doom and gloom financial news of late, Vodafone has posted positive results - mainly due to a "favourable exchange rate".
The Vodafone Group's revenue increased just over 14% year on year for the quarter ending 31 December with sales... -
Jessops losses narrow
Cuts costs and lowers prices 30 January 2009 10:35 GMTFinancial results posted by Jessops have shown the company has managed to narrow its losses seen earlier in 2008.
Following some rather drastic price cuts, the camera retailer managed to pull its like-for like sales up over Christmas, and has continued, with... -
Amazon reveals strong results
Profits up 9% on good Christmas sales 30 January 2009 10:00 GMTWe already know Amazon had a good Christmas, but the company's latest financial results have now revealed just how good.
Revenue increased 18% to $6.7 billion, beating Wall Street estimates and profits rose 9% in the last 3 months of 2008.
The e-tailer,... -
Nintendo 9-month sales up 17%
But drops its annual forecast again 29 January 2009 14:22 GMTNintendo has posted its financial results for the 9 month period ending 31 December 2008, and for once, it's almost good news.
Strong sales of both the Wii and DS consoles worldwide has helped the company to achieve a 17% rise in sales on the same period in... -
Sony reports 95% slump in profits
First annual loss in 14 years 29 January 2009 11:06 GMTSony has released figures for the quarter ending 31 December that show a 95% fall in net profit, showing all the more clearly how much the global slump has hit demand for things such as TVs and cameras.
Net profits were reportedly 10.4 billion yen (around £81.3... -
Canon reports 81.5% fall in profits
Drops forecast for 2009 28 January 2009 14:23 GMTCanon has reported an 81.5% fall in its quarterly profits, blaming a slow in demand for cameras and office equipment caused by the worldwide economic downturn.
Operating profit at Canon was at 35.8 billion yen (around £280 million) in October-December, a huge... -
Yahoo Q4 results: Down, but not out
"We have work to do", says Bartz 28 January 2009 7:49 GMTThe last 12 months has been busy for Yahoo as it focused on staving off merger talks from Microsoft, saw board shenanigans with Carl Icahn and finally the stepping down of its CEO Jerry Yang.
The company's latest Q4 results however paint a slightly rosier picture... -
Philips reports over billion euro loss, will cut jobs
6000 staff to go 26 January 2009 11:46 GMTLike many other electronics companies announcing poor results, Philips has revealed a £1.4 billion loss for the fourth quarter of 2008.
It's the Dutch company's first reported loss for over 5 years and has prompted 6000 job cuts across Philip's global operations. -
Down and out? Q4 tech results round-up
Who is doing well and who is doing badly 23 January 2009 10:09 GMTApple, Google, Nokia, eBay, Sony and Microsoft all reported their Q4 results this week, but how did they fair and who looks like they are going to be struggling for the rest of 2009?
Apple
It seems even in a recession people want to buy Apples. Unlike... -
Google revenue up, but profits down
Q4 results positive but not without surprises 23 January 2009 1:37 GMTGoogle has announced its Q4 results on Thursday adding to results already announced by Microsoft, Nokia, eBay, Sony and Apple this week.
The results show that the advertising search giant is still mainly unaffected by the credit crunch with revenues up by 18%... -
Sony dramatically lowers forecast
Serious profit warning as £1.2 billion loss predicted 22 January 2009 15:30 GMTPerhaps unsurprising considering the mounting bad news we're hearing from the industry today, but Sony has just announced a revised results forecast for its fiscal year ending March 2009.
Sony obviously blames the global economic slowdown, but also the appreciation... -
Microsoft slashes 5000 jobs as profits down 11%
First major layoffs in 34 years 22 January 2009 14:59 GMTAs was feared, Microsoft has announced that it will slash 5000 staff from its workforce over the next 18 months as it revealed a sharp drop in profits.
Being described as a sign of how deeply the current recession is affecting industry, Microsoft has reported... -
Nokia profits plunge 69%
Worse than expected results revealed 22 January 2009 12:32 GMTAfter issuing two profit warnings, one mid-November, and one at the start of December, Nokia has reported dire financial results for the fourth quarter of 2008.
Nokia's profits fell 69% as the economic downturn slowed phone sales. Net profit was 576 million... -
eBay results show profits down 31%
First drop in 10 years 22 January 2009 12:18 GMTeBay has reported its fourth quarter financial results and revealed that revenue fell 7% to $2.04 billion, apparently its first drop in sales in 10 years.
The San Jose-based company's net income in the fourth quarter dropped 31% from the same time last year... -
Apple reveals record results
Beats estimates with best ever quarter 21 January 2009 22:58 GMTApple has announced its financial results for its fiscal 2009 first quarter ending 27 December, and unlike many other tech companies struggling in the current climate, has again revealed record results.
Apple posted record revenue of $10.17 billion and record... -
Sony Ericsson results show 21% decrease in sales
No surprises as sales and units head south 16 January 2009 17:27 GMTSony Ericsson has, like everyone else, just posted disappointing Q4 results suggesting no one is exempt from the economic downturn.
According to the Swedish company, while it still managed to shift 24.2 million units that wasn't enough to stop a sequential... -
Intel profits fall 90%
"The slowing of the worldwide economy resulted in a weak fourth quarter" 16 January 2009 13:12 GMTIn more bad news for the technology industry, Intel's profits have crashed 90%.
The chip-maker's fourth quarter results have been revealed and are severely down - said to be on the back of weak demand for semiconductors.
Net earnings for the quarter... -
DSGi, Argos report drop in sales
UK's high streets suffering 15 January 2009 12:23 GMTUK retailers are adding to the downturn gloom with more miserable financial results.
DSGi's decline appears to be continuing while Homebase, Waterstones, Argos, Halfords and Clinton Cards have reported drops in sales too.
Like-for-like sales at... -
Palm Stock sees dramatic rise thanks to Pre
CES 2009: Market likes new smartphone 9 January 2009 4:39 GMTPalm has seen a massive rise in its stock price today on the back of the unveiling of a new smartphone and operating system at CES in Las Vegas.
A month ago, Palm's stock was trading at $1.64 - an almost all-time low, however just moments after the press conference... -
Intel issues another profit warning
"Rapid decline" in industry 7 January 2009 19:53 GMTIntel, the world's largest chipmaker, has issued an investor warning for its fourth quarter sales.
Significantly, this is the second time the company has made such a move, due to "a further erosion of demand as a result of the global downturn", according to... -
Zavvi goes into adminstration
Another high street chain in trouble 24 December 2008 11:43 GMTZavvi, the music, DVD and CD high street chain has gone into administration, Ernst & Young has announced, threatening thousands of jobs.
The chain, which bought Virgin Megastores last year, stopped taking orders on its website at the beginning of December and... -
DSGi posts £30 million loss
"Prepared for a recessionary environment" 27 November 2008 11:27 GMTIt's more bad news from the UK's high street retailers as the Dixons Store Group International has posted a massive multi-million pound loss.
In the last six months of trading the group - that covers PC World, Currys, Dixons and PIXmania - has reported a near... -
Microsoft reveals financial results
Holds firm in unsteady market 24 October 2008 9:10 GMTMicrosoft has revealed its financial results for the first quarter of 2009, up to September 30.
The company has announced a revenue of $15.06 billion, operating income of $6 billion, and net income of $4.37 billion.
The results show a revenue on... -
DSGi cutting investment by £30 million
Cost reducing measures 23 October 2008 13:17 GMTDSGi, the company behind Currys, Dixons and PC World, will cut investment in its stores by about £30 million.
The move comes as the group reveals a 7% decline in sales over the first half of its financial year.
DSGi says that consumer confidence...
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