Smartphone and VR headset manufacturer HTC ended the year with a steep decline in revenue, according to a news release issued by the company last week. The company announced unaudited consolidated revenue for December 2017 of $4.02 billion TWD (approximately $136 million USD), and total unaudited consolidated revenue from January to December 2017 of $62.12 billion TWD (approximately $2.1 billion USD). Those revenue numbers represent a 29% month-to-month decline and 36% year-over-year decline. Reports indicate that HTC’s yearly revenue marks its worst performance in over a decade. Some of the revenue decline may be due to aggressive price cuts during 2017, which saw both HTC
It seems that NVIDIA Corporation is going from strength to strength as it presented final numbers for the fiscal fourth quarter, and fiscal financial year. Just like Apple, NVIDIA does not use Calendar Year (CY) for its earnings, unlike AMD, Intel, Qualcomm and the like. Their year ends with January 1st, and starts with February 1st. For the fourth fiscal quarter 2016, the company reported $1.40 billion, 12% more than the year before (YoY). Fiscal 2016 also marks the first time NVIDIA broke into the $5 billion club, with $5.01 billion in revenue. Revenue drive was not driven by buying the market share as the company reported healthy
AMD’s position alongside Intel in the CPU market and NVIDIA in the GPU market, is an ever declining show of bad timing in the computer world. The recently released financial results for Q3 2015 add more fuel to the doubt that is current AMD sales and revenue overall. Many have questioned the possibility of AMD getting back on track, and, while their newest hardware additions like the AMD R9 Fury are supreme products in their own right, it all may be just a bit too little, too late for them. On the other hand, we are not giving hope on the semi-conductor giant just yet,
As the current Hewlett Packard management is proceeding with the company split into two divisions, a move started-and-stopped under the previous management, more jobs are getting cut as the company wants to ‘maximize the shareholder return’ and reduce glut which is somewhat inevitable in an organization that currently employs more than quarter of million people (September 2015: 302,000 employees worldwide). The company management lead by Margaret Cushing ‘Meg’ Whitman claims the latest round of cuts will reduce in a one-time charge of 2.7 billion USD, and produce annual savings in the same range. Two billion dollars are to be saved in the Enterprise division, while the ‘PCP’ division should save 700
HTC sees sluggish business for Q1 but expects a boost for 2016 with partnership with UA.
Acer expects business expansion in 2016.
Highlighted business news in Taiwan, China and Hong Kong for Dec. 22, 2014
Apple reported their earnings for the third quarter of 2014 today and reported $8.5 billion in profit on a sizable $42.1 billion in revenue.
Google’s earnings for the third quarter of 2014 disappointed Wall Street and investors’ expectations as they missed on earnings per share.
Twitter (NYSE:TWTR) today announced that it would be adding a Buy Now button to Twitter, specifically on mobile. This is yet another move by Twitter to increase their profitability through finding more revenue making opportunities, this follows its partnering with Amazon to tag purchases on Twitter back in May for adding to an Amazon cart. If anything, this Buy Now button is an evolution of that idea, making Twitter the direct point of sale instead of trying to send you somewhere else to buy the item. Twitter has hundreds of millions of users and if it makes this work right, it may actually have figured out eCommerce through social media
Twitter [NYSE:TWTR] today reported their earnings for the second quarter of the year, beating out all expectations and further raising their outlook for the next quarter and the whole year as well. The company reported that revenue rose to $312.2 million, up from $139.3 million a year ago, more than double. This is a significant beat of where Twitter had guided as well, as they had guided $270 to $280 million while the Thomson Reuters analyst poll had the average expectation at $283.1 million. However, the company still posted a GAAP net loss of $144.6 million, but most of this has to do with a
Qualcomm just announced their earnings for the fiscal third quarter of 2014 which includes the calendar second quarter of 2014, and their earnings were strong as ever. Qualcomm reported $2.24 billion in profit on $6.81 billion in revenues, this represents a 9 percent growth in revenue year over year as well as a 7 percent growth over the previous quarter. Profits also grew a whopping 42 percent year over year and 14 percent sequentially, squashing investors’ worries that Qualcomm’s caution last year about flatter revenues might affect profitability. Diluted EPS was $1.31, up 46 percent year over year and 15 percent sequentially. These earnings figures
As we had earlier reported on rumors of a GoPro Hero 4(K), GoPro was expected to be filing for an IPO prior to the release of their GoPro Hero 4(K). This followed a rumor that they had secretly filed for an IPO only days after hiring themselves a new CFO. So, it comes as little surprise that they officially filed for an IPO with the SEC today to the tune of $100 million. Thanks to this filing we now know how well GoPro has been doing as a company over the course of the past few years. In 2011, GoPro had reported a profit of