After somewhat of a rough start to the year, chip designer Advanced Micro Devices (AMD) bounced back in the third quarter and posted a 7 percent sequential and 4 percent year-over-year increase in revenue of $1.69 billion, net income of $97 million on earnings per share of $0.13, and operating income of $138 million. All of these figures are higher than the ones posted in the same quarter one year prior, and that's in large part because of AMD's Accelerated Processing Units (APUs).
As hard drive component suppliers struggle to recover from recent flooding in Thailand, Acer revealed during an investor conference that it has no choice but to charge more for its products. Acer sees little to no alternatives when the cost of hard disk drives spikes by as much as 20 percent, costs that are ultimately passed on to the consumer.
Samsung said it shipped 28 million smartphones during its third fiscal quarter ended September 30, 2011, which represented a 40 percent increase on-quarter and 300 percent year-on-year. Perhaps just as important, Samsung raced ahead of Apple smartphone sales, which sold 17 million iPhone devices in the same time frame. Samsung's continued global rollout of its flagship Galaxy S II smartphone is doing particularly well and has sold more than 10 million units in the five months since its introduction, Samsung said.
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.