Santa Clara chip designer plans to reduce headcount by 7 percent
AMD's revenue for its fiscal third quarter of 2014 was flat sequentially and down 2 percent year-over-year at $1.43 billion, though the company still eeked out a $17 million profit, or $0.02 per share, along with operating income of $63 million. However, AMD's Computing and Graphics segment -- desktop and notebook processors and chipsets, discrete GPUs and professional graphics -- took a 6 percent sequential hit and declined 16 percent year-over-year.
Intel's Q3 revenue jumped by $1.1 billion year-over-year
Go back a couple of years and you could criticize Intel for being slow to respond to the mobile shift in the market place. However, don't fret about any long-term repercussions -- for the first time ever, Intel shipped more than 100 million microprocessors in a single quarter. Those shipments led to Intel posting a record $14.6 billion in revenue for the third quarter, along with operating income of $4.5 billion and net income of $3.3 billion.
Canadian handset maker is slowly turning things around
If we look back a year ago, it seemed like BlackBerry was dead in the water with no lifeboat in sight. Fast forward to today and the Canadian company is in better shape with losses continuing to narrow each quarter. Granted, the company would rather be posting profits, but first it needs to find solid footing from which it can build upon. We don't know if the company is there yet, however, it's a somewhat of a positive sign that BlackBerry posted a better-than-expected $11 million loss, or 2 cents per share, for its fiscal second quarter.
Rise in desktop and laptop sales helped HP beat Wall Street estimates
Though HP didn't reclaim its spot as the number one supplier of PCs, the second-place OEM surprised analysts with a strong third quarter. HP's net revenue in the third quarter came to $27.6 billion, up 1 percent compared to the same period a year ago, while earnings per share came to $0.89, up 3 percent year-over-year. That's slightly better than Wall Street's estimate of a drop in revenue to $27.01 billion.
Lenovo's strategy for the surviving the so-called "post-PC" era is to keep selling PCs
The number one supplier of PCs in the world continues to outperform the sector as a whole, while simultaneously taking advantage of the mobile market. Suffice to say, Lenovo has things figured out, though if you need hard numbers to drive the point home, you need only look at the company's results for its first fiscal quarter ended June 30, 2014. Continuing where it left off last quarter, Lenovo posted quarterly revenue of $10.4 billion, up 18 percent year-over-year, along with a 23 percent year-over-over bump in earnings to $214 million.
World of Warcraft loses 800,000 subscribers in three months
Some 800,000 questing game players fled from World of Warcraft during Activision Blizzard's fiscal second quarter ended June 30, 2014. That leaves the world's most popular MMORPG with 6.8 million subscribers, enough to maintain its top spot among the competition. Those who quit the game were disproportionately concentrated in the East and similar to the seasonal decline experienced during the second quarter of 2012, Activision Blizzard said.
"We had a good second quarter." - Mark Zuckerberg with the understatement of the year
It took a bit of time for Facebook to gain some traction in the stock market after filing for an Initial Public Offering (IPO) a little over two years ago, but it certainly appears the world's most popular social network has found its stride. Leaving little doubt of that, Facebook sprinted past analysts' expectations by reporting $2.9 billion in revenue for its fiscal second quarter ended June 20, 2014.
Starting with the good news, Microsoft beat Wall Street estimates by reporting a 17 percent bump in revenue, which totaled $23.38 billion for the company's fiscal fourth quarter ended June 30, 2014. Unfortunately for Microsoft, that wasn't enough to weather its Nokia Devices and Services acquisition, which contributed to a 7 percent drop in earnings at $0.55 per share.
AMD's stock price is down around 18 percent since the chip maker posted Q2 financial results
Sometimes it seems like AMD can't catch a break. That's certainly true of its second quarter performance -- the Sunnyvale chip maker announced Q2 revenue of $1.44 billion, representative of a 3 percent sequential bump and a year-over-year jump of 24 percent. Not too shabby, though at the end of the day, AMD's debt burden dragged the company down by contributing to a net loss of $36 million.
Analysts can talk about the post PC era until they're blue in the face, Intel will continue to cash checks either way. Big ones, at that. Intel reported second-quarter revenue of $13.8 billion, up 8 percent for $12.8 billion in the same quarter a year ago. That translates into a $2.8 billion profit for the quarter, which is 40 percent higher than the $2 billion profit it recorded in Q2 2013.