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After strong Q3 showing, HTC sees nearly 20 percent drop in November revenue

EasyReadArticles.com — Tue, 06 Dec 2011 09:39:00 +0000

All was looking rosy for HTC at the end of October, when the company released yet another stellar Q3 earnings report. Since then, however, things have apparently gone downhill in a pretty drastic way, as evidenced by an unaudited revenue report for the month of November. In an announcement issued today, the manufacturer confirmed that it saw about 31 billion Taiwanese dollars ($1.03 billion) in consolidated revenue last month, down 19.6 percent from November 2010, when it raked in some 38.5 billion Taiwanese dollars (about $1.27 billion). HTC didn’t offer an explanation for the drop, though an earlier Q4 earnings forecast predicted that the company’s impressive streak of robust earnings reports would soon come to an end. It remains to be seen whether December treats the company more gently, but for now, you can check out the full financial breakdown at the source link, below.

After strong Q3 showing, HTC sees nearly 20 percent drop in November revenue originally appeared on Engadget on Tue, 06 Dec 2011 05:39:00 EDT. Please see our terms for use of feeds.

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STHoldings withdraws more than 200 record labels from Spotify, does so with gusto

EasyReadArticles.com — Mon, 21 Nov 2011 10:42:00 +0000

STHoldings stormed its way out of Spotify this week, leaving only a trail of choice words in its wake. On Wednesday, the distributor boldly withdrew more than 200 of its record labels from Spotify, Rdio, Simfy and Napster, following the release of a study that cast the music subscription industry in a rather unfavorable light. According to the research, carried out by NPD Group and NARM, cloud-based services like Spotify and Rdio deter consumers from purchasing music via other channels. Amid concerns that these companies may “cannibalise the revenues of more traditional digital services,” STHoldings decided to withdraw its catalogue of more than 200 labels. In fact, of the 238 labels consulted on the decision, just four expressed a desire to remain with Spotify, et al.

“As a distributor we have to do what is best for our labels,” STHoldings explained, in a statement. “The majority of which do not want their music on such services because of the poor revenues and the detrimental affect on sales. Add to that the feeling that their music loses its specialness by its exploitation as a low value/free commodity.” The distributor went on to quote one of its labels with a line that rhymes with “duck modify.” In comparatively subdued response, Spotify said it respects STHoldings’ decision, but still hopes that the labels “will change their minds.” The Swedish company also contested STHoldings’ study-backed arguments against it, claiming that it has “already convinced millions of consumers to pay for music again,” and assuring that artists’ revenue streams will “continue to grow.” Read more about the study, the stats and the spat at the links below.

STHoldings withdraws more than 200 record labels from Spotify, does so with gusto originally appeared on Engadget on Mon, 21 Nov 2011 06:42:00 EDT. Please see our terms for use of feeds.

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Nokia lowers devices and services outlook for Q2, increasingly confident about first Windows Phone in Q4

EasyReadArticles.com — Tue, 31 May 2011 12:24:00 +0000

You know what happens when you tell the world that you’re abandoning Symbian for Windows Phone? Right, Symbian sales dry up. No matter how many times you boast about plans to sell an additional 150 million new Symbian devices, and no matter how long you commit to supporting Symbian devices, the OS is essentially dead to developers and consumers alike. So, we’re not surprised to hear that Nokia just lowered its devices and services outlook for Q2 of 2011. The updated guidance calls for devices and services net sales to be substantially below the EUR 6.1 billion to EUR 6.6 billion expected in Q2 due to lower than expected average selling prices on lower volumes. It also sees margins drifting below the expected range of 6 percent to 9 percent due to lower than expected net sales — Nokia expects its non-IFRS operating margin to be “around breakeven.” As as result, Nokia is also pulling back its annual targets for 2011 and will provide further updates as its situation becomes more clear.

On the positive side, Nokia does say that it has “increased confidence” that it will ship its first Windows Phone product in Q4 2011. Let’s hope so.

Continue reading Nokia lowers devices and services outlook for Q2, increasingly confident about first Windows Phone in Q4

Nokia lowers devices and services outlook for Q2, increasingly confident about first Windows Phone in Q4 originally appeared on Engadget on Tue, 31 May 2011 08:24:00 EDT. Please see our terms for use of feeds.

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Profit shocker! Android brings home more bacon than iOS for Pocket Legends developer

EasyReadArticles.com — Wed, 09 Mar 2011 07:59:00 +0000

Back in 2009, we wrote a story on crack mobile developer Larva Labs lamenting its inability to make a living off top-rated games in the Android Market. Well, to put it lightly, it ain’t 2009 anymore: the Android ecosystem has expanded exponentially in every conceivable direction, the Market has taken on tens of thousands of additional apps, and — according to one research firm, anyway — Android has now overtaken BlackBerry to become the most prolific smartphone platform in the US.

To that end, Spacetime Studios — the company behind mobile MMORPG Pocket Legends, which brings in revenue through in-app purchases — was shocked to discover that it’s making some 30 to 50 percent more from its Android users than its iOS ones. Furthermore, they’re spending more time playing and downloading the app with far greater frequency, which might be a testament to the fact that really great apps still stand out in the Market better than they do in the more mature (and more populated) App Store. The in-app purchase disparity is a little more difficult to explain, though — especially since iOS has a slick, integrated purchase mechanism that Google won’t be rolling out in Android for a little while yet. At any rate, the online mobile economy — regardless of platform — clearly still has some growing, maturing, and stabilizing to do.

[Thanks, Michael]

Profit shocker! Android brings home more bacon than iOS for Pocket Legends developer originally appeared on Engadget on Wed, 09 Mar 2011 03:59:00 EDT. Please see our terms for use of feeds.

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Sony celebrates PS3 success at GDC, 41 million sold worldwide

EasyReadArticles.com — Thu, 03 Mar 2011 21:58:00 +0000

It’s tough to get solid numbers out of Sony for hardware sales, usually they’re cloaked behind a vague “shipped” figure, but at GDC this week the company gave us one rather impressive number: 41 million. That’s the number of PS3 consoles the company says it has sold worldwide, and over 80 percent are sucking down data from ye olde internet. Confirming the moneymaking trend we heard about last month, in 2010 the PlayStation store saw a 60 percent boost in traffic and a 70 percent boost in revenue from a total of 70 million PSN accounts. Let’s see… 70 million PSN user accounts, 41 million PS3 consoles, 80 percent of which are online — that means almost everyone has one account for gaming and a second for griefing. Sounds about right.

Sony celebrates PS3 success at GDC, 41 million sold worldwide originally appeared on Engadget on Thu, 03 Mar 2011 17:58:00 EDT. Please see our terms for use of feeds.

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Apple has another record quarter, posts $3.07b profit

EasyReadArticles.com — Tue, 20 Apr 2010 21:48:00 +0000

Apple might not be too happy about having a fourth-gen iPhone prototype get stolen, but there’s nothing like cold, hard cash to turn a frown upside-down — and the company certainly made plenty of it in the second quarter of 2010, posting a $3.07b profit on $13.5b in revenue. That’s the Apple’s best non-holiday quarter ever — profits were up 90 percent while revenue was up 49 percent — and yet another record quarter for Steve and the gang. Mac sales were up 33 percent from a year ago with 2.94m units sold, iPhone sales were up 131 percent with 8.75m units sold, and iPod sales were down one point with 10.89m units sold. We’re just about to jump on the analyst conference call, we’ll let you know if we hear anything good — we wonder what people might be asking about?

Update: Oh, why not — let’s liveblog this thing. Follow along after the break at 5PM ET.

Continue reading Apple has another record quarter, posts $3.07b profit

Apple has another record quarter, posts $3.07b profit originally appeared on Engadget on Tue, 20 Apr 2010 16:48:00 EST. Please see our terms for use of feeds.

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