Apple just announced its earnings for the third quarter of the 2013 fiscal year (ending on June 29), and the picture's not as pretty as it could be. That's not to say that there weren't some considerable high points, such as the fact that Apple sold 31 million iPhones in Q3 alone, which marks a massive improvement over the 26 million it sold during the same quarter last year.
It appears third-placed U.S. carrier Sprint will be the last one out the door responsible for turning the lights off when it comes to quarterly earnings reports for the end of 2012, and they're reporting a loss on top of it.
It's not easy being the king of U.S. wireless -- even with record new subscriptions, Verizon still managed to rack up a loss for the end of 2012 thanks to Superstorm Sandy damage and rising pension costs.
Apple may be duking it out with Google over smartphones and tablets, but the search giant still has a long way to go before they eclipse the iPhone maker when it comes to the stock market. The same cannot be said for Microsoft, however, now that Mountain View has passed Redmond by nearly $2 billion. Meanwhile, Cupertino is readying their next quarterly results, and you can read all about it right here...
While the iPhone dominated smartphone activations in the first quarter at AT&T and Verizon, the numbers look more bleak at third-place Sprint -- until you look closer and realize Apple’s handset is actually a tourniquet for the carrier’s bleeding.
New Sony boss Kazuo Hirai is determined to to return flailing Sony to its former days of glory in consumer electronics -- not to mention profitability -- but the road ahead will be paved with pink slips as the CEO regroups into “One Sony.”
Judging from first quarter results this year, Google’s Android is not a guaranteed sure thing. On one hand, South Korean electronics giant Samsung just announced a healthy profit for Q1 2012, but rival HTC is feeling the blues with a 70 drop in profit from last year.
Where will you be on Tuesday, April 24, 2012? If you’re an investor in Apple or otherwise invested in the company’s future, you’ll probably be tuning into the next conference call to discuss the company’s second-quarter earnings call.
You’d think after releasing the third-generation iPad, executives at Apple might get some rest over the weekend, but instead they issued a rare Sunday press release to announce a conference call to discuss its cash balance, which now amounts to nearly $100 billion.