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.
Struggling handset maker sees light at the end of the tunnel
There may be hope for BlackBerry yet. The company formerly known as RIM -- these days it's just BlackBerry -- surprised investors and analysts by posting a $23 million profit for the three-month period ended May 31, 2014. That's quite a change from the $423 million loss it posted three months ago, and the $84 million loss it posted a year ago after being beaten down by the competition.
A sudden spike in business PC sales prompts Intel to adjust its outlook
Perhaps the death of Windows XP is having a greater impact on PC sales than analysts thought it would. Or maybe there's another reason why demand for business-class PCs is on the rise. Whatever the cause, stronger than expected demand for business PCs prompted Intel to raise its second quarter revenue forecast to $13.7 billion, plus or minus $300 million, compared to its previous forecast of $13.0 billion, plus or minus $500 million.
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.
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.