Despite a 23 percent increase in sales to $19.34 billion, Amazon reported a net loss of $126 million, or $0.27 per diluted share, for its fiscal second quarter ended June 30, 2014. That compares to a profit of $108 million in the first quarter, and a loss of $7 million, or 2 cents a share, on revenue of $15.7 billion in the same quarter a year prior. The lesson here is that Amazon isn't afraid to take a loss in order to launch new products and services.
While AMD and Intel were watching from the sidelines as the market transitioned to mobile, ARM was busy "earning and burning, snapping necks and cashing checks," to borrow a line from Step Brothers. It's a bit more competitive today, though ARM was able to gain a foothold in the mobile market and continues to ride the momentum. As such, ARM said it added 41 licensed customers to its portfolio, bringing the total number of licenses signed to more than 1,100.
Lenovo expanded its position as the No. 1 PC supplier in the world
The good times keep rolling for Lenovo, the company that continues to defy the odds with record growth. This time, Lenovo posted revenue of $38.7 billion for its full fiscal year, up 14 percent compared to a year ago and the highest it's ever been. In fact, Lenovo broke records all around, including pre-tax income of $1.01 billion, up 27 percent year-over-year and record full year earnings of $817 million, up 29 percent.
ARM-based chip shipments totaled 2.9 billion in Q1
AMD and Intel have their work cut out for them as both companies try to wrestle mobile market share away from ARM. To kick off the first quarter of 2014, ARM Holdings reported total revenues of $305.2 million, up 16 percent compared to the same quarter a year ago. That includes a 38 percent year-on-year increase in processor licensing revenue derived from 2.9 billion ARM-based chip shipments in Q1, which itself is up 11 percent compared to last year.
Declining hardware sales and expensive layoffs hurt IBM's bottom line
It was another rough quarter for IBM, which reported a drop in revenue. That marks eight quarters in a row of revenue declines. For the first quarter of 2014, IBM's total revenues reached $22.5 billion, down 4 percent from the first quarter of 2013. On the plus side, IBM is still making a profit -- $2.4 billion in Q1 2014, though even that figure is marred by the fact that it's down 21 percent year-over-year.
Earnings report sends Intel's stock soaring to a 52-week high
Talk is cheap at the end of the day, so despite doomsayers predicting the demise of the PC, Intel's sales and revenue proved those notions wrong. Intel, the largest semiconductor company in the world, beat out analyst expectations by reporting first quarter revenue of $12.8 billion, operating income of $2.5 billion, net income of $1.9 billion, and earnings per share of 38 cents.
Big losses have become all-too-familiar for BlackBerry
The numbers are in for BlackBerry's fourth quarter of fiscal 2014, and once again, they're not pretty. To get some of the bigger ones out of the way, BlackBerry posted a $423M loss, or $0.08 per share diluted, for Q4, which contributed to a $5.9 billion loss for entire year. Despite the heavy losses, BlackBerry's recently inaugurated CEO John Chen said he was "very pleased" with how things are going. Confused?
Nvidia has posted its fourth quarter financial results of fiscal 2014. Ending on January 26, 2014, the manufacturer revealed its reported revenue was $1.14 billion, an increase of 8.6 percent compared to the fourth quarter of fiscal 2013. Also, during the fourth quarter, Nvidia’s GeForce GTX GPU revenue saw an increase of almost 50 percent.
If at first you don't succeed, try, try again. That's the motto Microsoft followed with its Surface strategy, which initially failed to win over customers and led to a $900 million charge on unsold inventory. Oh, but what a difference a couple of quarters can make. Microsoft's Surface revenue more than doubled sequentially to $893 million en route to the Redmond giant posting record revenue of $24.52 billion for the quarter ended December 31, 2013.
Wins in the console sector have paid off handsomely
On hindsight, AMD absolutely made the right decision to purchase ATI, an acquisition that was met with some skepticism among analysts at the time. What those analysts couldn't have predicted is that several years later the PC market would find itself in a slump, leaving AMD to lean heavily on its graphics division. In doing so, AMD posted a profit of $89 million, or 12 cents a share, in the fourth quarter of 2013, rebounding from a $473 million loss, or 63 cents a share, a year prior.