Nintendo isn't accustomed to losing money on an annual basis. In fact, it's never before happened, at least not in the last 30 years in the electronics business (Nintendo's history actually dates back to 1889 as a playing card company). Be that as it may, Nintendo now expects to lose 20 billion yen, or about $264 million, for its fiscal year ending on March 31, 2012, the company said.
Chip designer ARM Holdings Plc reported results for its third fiscal quarter and nine months ended September 30, 2011, and what a quarter it was. Thanks to an insatiable demand for smartphones and tablets, as well as other sectors ARM has its fingers planted in, net profits more than doubled from last year, while revenues jumped 20 percent to £120.2 million (around US$192.2 million).
Hard drive maker Seagate said it shipped 51 million disk drives in its fiscal first quarter for 2012 ended September 30, 2011. Seagate also reported revenue of $2.8 billion, up from just shy of $2.7 billion one year prior. Net income for the quarter fell to $140 million, or 32 cents per share, down from $149 million, or 31 cents per share in the same quarter one year ago, but still outpaced Wall Street's expectations, according to an AP report.
Overall it was another strong quarter for Verizon Communications, which added 882,000 retail postpaid wireless customers, plus another 367,000 wholesale and other connections for a total of 1.3 million connections in its third fiscal quarter for 2011. Smartphones accounted for 39 percent of Verizon's retail postpaid customer phone base, up from 36 percent in the second quarter, Verizon said.
It's been somewhat of a banner year so far for Microsoft, at least in terms of revenue. Driven by solid business and consumer demand, Microsoft announced record first quarter revenue of $17.37 billion for its first fiscal quarter ended September 30, 2011, representing a 7 percent increase from one year prior. It's also higher than what Wall Street was expecting.
AT&T added 2.1 million wireless subscribers during the company's third fiscal quarter for 2011, enough to get over the hump of 100 million subscribers, the wireless carrier announced today. The company also said that sales of Android and other non-iPhone smartphones were nearly half of 4.8 million smartphone sales for the quarter, which has to be news to Google's ears.
Nokia posted its financial results for the company's third fiscal quarter of 2011, pulling in revenue of 8.98 billion euros, or about $12.4 billion. That's down 13 percent year-over-year and is 3 percent lower than the previous quarter. Even still, the numbers came out of ahead of what analysts were expecting as Nokia clings to relevancy in its run up to Windows Phone 7.
It's not as if Maximum PC readers need any more convincing that the whole 'post PC era' theory is a bunch of hogwash, but just in case there remains any lingering doubt, Intel just reported yet another record quarter, for the sixth time in a row, as a matter of fact. Intel set new records for microprocessor units shipped, EPS, earnings, and revenue, which the chip maker reports was up 28 percent year-over-year.
There are a lot of companies that wouldn't mind trading places with IBM right now. Big Blue's numbers moved in the right direction in the third quarter of 2011, with diluted earnings per share spiking 13 percent to $3.19, revenue jumping 8 percent to $26.2 billion, and net income up 7 percent to $3.8 billion. So why is Wall Street being so skittish?
Hewlett Packard isn't the only major PC maker facing an uncertain future. Acer today reported worse than expected second quarter results, and there's plenty of reason for despair. For starters, consolidated revenue was down 32 percent year-over-year for the quarter at $3.5 billion with an operating loss of $246 million. More cause for concern, however, is that this is the first time Acer has ever posted a quarterly loss.