Apple has announced its third quarter 2012 results and they are much below expectations. Apple posted a profit of $9.32 per share on revenue of $35 billion. It also sold 17 million units of the iPad (up from 11.8 million units in Q2), 26 million iPhones (down from 35.1 million in Q2), 4 million Macs (same as Q2) and 6.8 million iPods (down from 7.7 million in Q2).“We’re thrilled with record sales of 17 million iPads in the June quarter,” said Tim Cook, Apple’s CEO. “We’ve also just updated the ...

Vodafone India Tuesday posted a 19.5 percent increase in service revenue at Rs.3,21,184 million during the financial year ended March 31, but said its initial public offering (IPO) may not happen this year. The firm had posted Rs.2,69,366 million service revenue during the previous financial year. Its ebitda (earnings before interest, taxes, depreciation and amortization) was at Rs.85,493 million, up 21.6 percent against Rs.70,301 crore in the previous fiscal. (more…)Google+

Norway-based Telenor’s India unit Tuesday reported an operating loss of 4.68 billion Norwegian kroner ($806 million) burdened by a huge impairment charge on its Indian operations owing to the prevailing uncertainty in the country’s telecom sector. The firm also said it would be difficult to continue business in India if the telecom regulator’s proposals on spectrum auction were accepted by the government. The company had written off its remaining assets in India worth $680 million last month...

LG Electronics has posted 448.2 billion won ($394 million) in operating profit for the first quarter, a regulatory filing showed Wednesday.Consolidated operating profit, which includes profits from its units, reached 448.2 billion won during the January-March period, up 242.52 percent from a year earlier, according to the regulatory filing, reported Xinhua.Sales contracted 7.08 percent on-year to 12.23 trillion won in the three months ending March 31, but it marked a net income of 242.5 billion won, a turnaro...

“Substantial change is what RIM needs,” said CEO Thorsten Heins while addressing shareholders and analysts to announce the BlackBerry manufacturer’s fiscal year 2012 earnings. RIM posted a loss of $125 million on a revenue of $4.2 billion (down 19 percent from Q3) and saw its smartphone sales dropping a whopping 21 percent from the preceding quarter to 11.1 million units. RIM also announced its former Co-CEO Jim Balsillie, CTO David Yach and COO Jim Rowan would be leaving the company. (more&...

Samsung on Friday reported record earnings for the fourth quarter last year. In line with the company’s estimates as reported earlier this month, Samsung recorded an operating profit of 5.3 trillion won, or approximately $4.72 billion USD, on sales of 47 trillion won, or approximately $42 billion USD. Samsung had never reported a profit of more than 5 trillion won in a single quarter and its 5.3 trillion won profit represents a 76% increase over the holiday quarter in 2010. Samsung’s mobile busine...

Research In Motion announced ahead of the trading day on Friday that it will miss its third fiscal quarter guidance when it reports its earnings later this month. The Waterloo, Ontario-based vendor confirmed that it will not meet the $5.3 billion to $5.6 billion in revenue it guided when reporting its second-quarter earnings, and it said EPS fell in the low to mid range of its forecast. RIM also said it will miss its full-year EPS estimate of between $5.25 to $6.00 a share. The company plans to book a one-t...

HTC on Monday reported a record third quarter that saw profit grow 68% on shipments of 13.2 million handsets, up 93% from the same quarter last year. Revenue grew 79% year-over-year to NT$135.82 billion and profit grew to NT$18.68 billion, or NT$22.07 per share. HTC has shown six consecutive quarters of revenue growth. The average selling price of HTC’s smartphones grew 0.6% from the third quarter last year to $344. “We aim to lead the way as the smartphone market continues to expand and change ...

Apple on Tuesday reported its earnings for the fourth fiscal quarter of 2011. Wall Street was expecting revenue of $29.5 billion and earnings of $7.29 per share. The company delivered revenue of $28.27 billion and earnings of $7.05 per share. Apple sold 17.1 million iPhones, 11.1 million iPads, and 4.89 million Macs. While this was Apple’s biggest September quarter ever, the company still missed on most Wall Street estimates. During the third fiscal quarter this year, Apple recorded revenue of $28.57 b...

Google announced its third quarter 2011 results on Friday, which surpassed analyst expectations. “We had a great quarter,” Google CEO Larry Page said. “Revenue was up 33% year on year and our quarterly revenue was just short of $10 billion,” Page explained, noting that the company’s brand new Google+ social network now has more than 40 million users. To clarify Page’s statement, the company’s revenue was $9.72 billion, up from the $7.29 billion reported during the thi...

During RIM’s second-quarter earnings call, co-CEO Jim Balsillie noted that the company plans to offer price cuts on the not-so-popular BlackBerry PlayBook in the form of rebates, and an incentive program for enterprise sales. Additionally, Balsillie mentioned that there will be a major software update for the PlayBook coming soon. RIM reported during its earnings call on Thursday that it only sold 200,000 BlackBerry PlayBook tablets into channels during its August quarter, after having shipped 500,000 u...

Research In Motion on Thursday reported its earnings results for the fiscal second quarter. Revenue and EPS both missed estimates; the vendor reported revenue of $4.17 billion and earnings of $0.80 per share. RIM had previously forecast revenue of between $4.2 billion and $4.5 billion and earnings of between $0.75 and $1.05 per share for its August quarter, and Wall Street expected second-quarter revenue of $4.47 billion and EPS of $0.88. Net income in the second quarter totalled $329 million. RIM also had p...