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.
Netflix is planning to bump up its subscription price by up to $2 for new subscribers
On hindsight, going nearly all-in with streaming was definitely the right choice for Netflix. While the company's DVD-by-mail generated $98 million during the first quarter of 2014, Netflix's streaming revenue topped $1 billion. That's a pretty big disparity and Netflix expects the gap to widen even more each quarter. At the same time, the cost of doing business isn't getting cheaper these days, and if you're thinking about joining Netflix, do it before the price goes up.
PlayStation 4 and Xbox One sales contributed to a 118 percent jump in semi-custom SoC revenue
Propped up by next-generation console launches by Microsoft (Xbox One) and Sony (PlayStation 4), AMD today announced first quarter revenue $1.4 billion, which is a decrease of 12 percent sequentially but up a whopping 28 percent compared to the same quarter a year ago. Unfortunately for AMD, the jump in revenue still amounted to a $20 million loss, or $0.03 per share, though the Sunnyvale chip designer feels good about where it's at.
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?
The worst may be over in terms of slumping PC sales that have made headlines throughout the past year. HP, the second largest PC supplier in the world, reported a 4 percent jump in PC sales compared to last year en route to posting a $28.2 billion quarter for its fiscal period ended January 31, 2014. That's actually a 1 percent decline in net revenue compared to the same quarter a year ago, but still higher than Wall Street was expecting.
It's been a few quarters since Lenovo shoved Hewlett-Packard aside to become the leading PC maker in the world (in terms of shipments), and whatever the Chinese OEM is doing, it seems to be working. Lenovo on Thursday announced record results for its third fiscal quarter ended December 31, 2013, noting that it generated $10.8 billion in revenue. That's a 15 percent year-over-year increase and also marks the first time Lenovo's topped the $10 billion mark.
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.