Microsoft reported stronger-than-expected sales of its current Windows software despite all the buzz surrounding its upcoming Windows 8 revamp. The surprising boost from Windows sales actually helped Microsoft post a 6 percent increase in revenue for its Q1 2012 (fiscal Q3) earnings results, countering the company’s slowing Xbox and Kinect sales. Revenue brought in by Read The Full Story
$21.7 billion to $22.4 billion, below analyst expectations of $23.1 billion. That sent the stock further down after hours. It's nowdown more than 5% from market close.Microsoft just reported earnings for the quarter ended March 31, and while it was more or less in line with expectations, the stockdropped more than 5% after hours.
Microsoft only sold 2.3 million Lumia phones last quarter. That's a massive 73% drop from the same quarter last year, when the company sold 8.6 million phones. In documents filed with the SEC , Microsoft explains that this whopping decrease in phone sales is due to "the previously announced change in strategy for the phone business.
Struggling tech companyBlackberry reported a stronger than expected quarter early Friday. The phone and software maker announcedan earnings per share loss of $0.03 per share against analyst estimates of a$0.09 per share loss. The company, however, whiffed on revenue, generating just $487 million in revenue against analyst expectations of $563 million.
Here's an interesting upside for Microsoft thanks to itsaggressive push of free Windows 10 for consumers: People seem to be using Bing more. When Microsoft reported its fiscal year 2016 third-quarter earnings on Thursday, the company said (emphasis added):Search advertising revenue excluding traffic acquisition costs grew 18% in constant currency with continued benefit from Windows 10 usage.
BlackBerry has hired Alex Thurber to be its new senior vice president for global device sales. The new hire comes as the company is still dealing with poor sales of its hardware products, including the recent BlackBerry Priv smartphone.
Windows revenue decreased $292 million or 7%," the release says.)Still, the Android gravy train is slowing down for everybody.Microsoft missed earnings expectations by a couple of cents per share on Thursdayafternoon because of an unexpected tax adjustmentthat skimmed $0.04 off its earnings per share. In the release, Microsoft noted that its patent-licensing revenue was down 26% from a year ago.
Apple had an extraordinarily busy 2015. Most of its efforts were focused on hardware and software rather than niche initiativeslike CarPlay or HomeKit—we got new kinds of Macs, a new kind of iPad, and an iPhone with a couple of twists.
he smartphone market, as you know, is currently not growing. However, my view of that is it's an overhang of the macroeconomic environment in many places in the world, and we're very optimistic that this too shall pass," Cook said.Apple delivered its March-period earnings report on Tuesday afternoon. Itmissed estimates forearnings per shareby $0.09, and the stock is down 8% in after-hours trading.
This story was delivered to BI Intelligence MobileIndustry Insider subscribers. To learn more and subscribe, please click here . Mobile ordering and digital loyalty offerings remain major drivers of Starbucks’ growth, the company announced in its Q1 2016 earnings presentation last Thursday.
Hewlett-Packard Enterprise has releasedits Q1 2016earnings, its first full quarter results since HP split into two companies. HPE is the part of HP that sells servers, software and consulting to large enterprises. It reported: Investors are pleased with HPE's cheery outlook, too. For all of 2016, the company said it expects adjusted earnings between $1.85 and $1.95 per share.
Over 270 million users have either upgraded to Windows 10 or bought a new Windows 10 PC since the operating system shipped in July of last year, a number that Microsoft says outpaces Windows 7 adoption by 145 percent.
Apple’s earnings report on Tuesday brought a lot of uncommon news for the company. The typical double-digit growth slowed to more of a trickle, with revenue up 1.7 percent from a year ago. Sales growth for the iPhone, by far the company’s most important product, slowed to its lowest year-over-year rate of growth since the device was introduced in 2007.
Since Microsoft started releasing Xbox One bundles without the Kinect , people have been wondering if the device is facing its death . It's definitely a valid concern, since the decision to exclude the Kinect from a majority of bundles leaves the market with a fractured ownership base.
It’s Facebook’s turn on Wednesday to present its report card.The company is scheduled to post its third-quarter earnings on Wednesday, and it’s projected to be another robust financial report. Wall Street is estimating a 36 percent increase in revenue for the social network, to $4.
Microsoft has been teasing bits and pieces of what both Windows 10 users and developers can expect in the upcoming Anniversary Update, and one of them involves the often taken for granted notifications. Already a substantial improvement over the Windows 8 notification, the Action Center in Windows 10 is about to get a major facelift as well as functionality augmentations.
"Our results over the last year demonstrate a strategy that is working and a solid foundation for growth," said Brian Krzanich , Intel's CEO, in that statement. "The opportunity now is to accelerate this momentum and build on our strengths." As a result, the firm plans to increase investment in data center, IoT, memory and connectivity while reducing its focus on PCs.
Microsoft has updated the Windows Lifecycle Fact Sheet to tell computer makers when they have to stop selling PCs that have Windows 7 installed. The Windows 7 Pro end of sales for PCs with the OS pre-installed is set as October 31, 2016. Not that many people will care, but that is the same time when Windows 8.1 end of sales will start. Windows 8.