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Todd Haselton |Feb 8th, 2012 at 11:35PM
E Ink, the popular company that provides paper-look gray-scale displays for eReaders, reported consolidated revenues of $48.02 million in January, down 63.6% from the same month last year and 11% sequentially. The growing popularity of media tablets with full-color displays likely played a big role in the decline — sales of Amazon’s Kindle Fire and Barnes & Noble’s Nook Tablet are thought to be eating into the companies’ respective dedicated eReader businesses to an extent. Even thoug...
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Zach Epstein |Jan 16th, 2012 at 03:45PM
The video game industry capped off a rough year in the United States with a horrible holiday month that saw sales plummet year-over-year across all categories. Market research firm The NPD Group recently released its sales estimates for December 2011 and the full year, and neither set of figures paints a pretty picture. Last month, total industry sales plummeted to $3.99 billion, down 21% from $5.07 billion in December 2010. Hardware sales dropped 28% to $1.32 billion in December, and software sales were down...
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Todd Haselton |Jan 5th, 2012 at 09:45PM
MetroPCS on Thursday announced its fourth quarter 2011 subscriber results. The carrier added 197,000 net subscribers, which missed analyst expectations that the carrier would add between 214,000 and 250,000 net customer additions, Reuters said. The company stated that it ended the year with more than 9.3 million total subscribers and said it added about 1.2 million subscribers during the 2011 calendar year. Churn took a turn for the worse since the fourth quarter of 2010, however; the company reported 3.7% c...
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Jonathan S. Geller |Dec 31st, 2011 at 10:01AM
As 2012 approaches, we thought it would be fun to look back on 2011 one last time and share our biggest stories of the year with you. Here they are in order, from our post popular post of the year to our tenth most popular post:Open letter to BlackBerry bosses: Senior RIM exec tells all as company crumbles around himBlackBerry Messenger will launch on Android and iOSSamsung Galaxy Nexus full specs revealed; Verizon Wireless exclusiveBlackBerry Dakota gets pictured; the touch and type BlackBerry you’ve been ...
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Dan Graziano |Dec 29th, 2011 at 03:35PM
Bluestacks, the team behind the Android app player for Windows, has released the company’s first “Mr.Android” study. Ever wonder what the average Android user may look like? Pretty normal, apparently. Using data collected from Nielsen Media Research along with a survey of Bluestacks’s 145,000 Facebook fans, the company created a composite of what the average Android user looks like and even what kind of clothes typical Android users might wear. Additionally, the chart includes cou...
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Todd Haselton |Nov 21st, 2011 at 08:30PM
HP reported its fiscal fourth-quarter and full-year earnings on Monday, noting net revenue of $32.3 billion for the quarter, down 3% year-over-year. HP’s diluted earnings per share of $1.17 in the fourth quarter was also down 12% year-over-year. Fiscal 2011 GAAP net revenue was $127.2 billion, up 1% from the $126 billion HP reported in 2010. Despite beating analyst expectations of $32.05 billion in net revenue and earnings of $1.13 per share, the company said it is cautious as it looks into 2012. Read ...
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Todd Haselton |Nov 15th, 2011 at 07:50PM
Dell reported its third-quarter earnings on Tuesday, noting that its revenue of $15.4 billion was flat compared to the same period last year. GAAP earnings came in at $0.49 per share, up 17% from the same quarter in 2010. Revenue from Dell’s enterprise solutions and services branch was an all-time high $4.7 billion; sales of servers, storage, networking and services jumped 8% from the same period last year. Dell’s consumer unit reported $2.8 billion in revenue, down 6% from the third quarter of 2...
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Todd Haselton |Nov 10th, 2011 at 09:01AM
T-Mobile USA on Thursday announced its results for the third quarter of 2011. The carrier said it added 126,000 net customers during the quarter, an improvement over the net loss of 50,000 customers it reported during the second quarter, but fewer than the 137,000 new customers it added during the same quarter last year. Contract customers continued to flee, however, as T-Mobile reported a net loss of 186,000 contract customers for the quarter. The carrier lost 281,000 contract customers during the second qu...
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Todd Haselton |Oct 25th, 2011 at 05:05PM
Amazon reported third-quarter earnings on Tuesday, noting net sales increased 44% from the same quarter last year to $10.88 billion. That figure is on a par with Wall Street’s revenue expectations of $10.93 billion. Amazon reported EPS of $0.14, which missed the Street’s estimates of $0.24 per share. Net income fell 73% quarter-over-quarter, however. Amazon reported net income of $63 million during the third quarter, down from $231 million in the second quarter. The online retailer said September ...
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Todd Haselton |Oct 24th, 2011 at 05:30PM
Shares of Netflix stock plummeted more than 27% in after-hours trading as the company revealed it lost more than 800,000 customers in the third quarter. Netflix now serves 23.8 million total customers and it reported third-quarter revenue of $822 million, beating estimates of $812 million. Earnings worked out to $1.16 per share, which also beat Wall Street’s consensus of $0.96. “While we dramatically improved our $7.99 unlimited streaming service by embracing new platforms, simplifying user-interf...
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Todd Haselton |Oct 13th, 2011 at 05:20PM
Google announced its third quarter 2011 results on Friday, which surpassed analyst expectations. “We had a great quarter,” Google CEO Larry Page said. “Revenue was up 33% year on year and our quarterly revenue was just short of $10 billion,” Page explained, noting that the company’s brand new Google+ social network now has more than 40 million users. To clarify Page’s statement, the company’s revenue was $9.72 billion, up from the $7.29 billion reported during the thi...
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Todd Haselton |Oct 12th, 2011 at 09:15PM
Global shipments of PCs grew slightly but less than analysts had predicted during the third quarter of 2011, Gartner said recently, citing preliminary findings of a new research report. 91.8 million PCs were shipped during the quarter, a 3.2% jumped from the same quarter of last year. The figures are lower than Gartner’s original estimate, which suggested PC vendors would ship 5.1% more units during the quarter. Gartner said the lower sales can be attributed to a weak Western European PC market. Read on...
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Todd Haselton |Oct 3rd, 2011 at 05:01PM
Janney Capital Markets analyst Bill Choi believes Apple’s success with the iPhone will continue to sky rocket. Choi estimated recently that Apple will ship 87 million iPhone units this year and 107 million during 2012, a 27 percent increase year-over-year. Apple’s growing number of carrier partners will be the primary catalyst for the growth, Choi said, noting that 228 wireless carriers offered the iPhone in a total of 105 countries during the third quarter of this year. “There are still a handf...
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Zach Epstein |Sep 14th, 2011 at 07:01AM
Global shipments of eReaders are expected to skyrocket this year, ballooning 183% from last year to reach 34.8 million units. According to new data from the Market Intelligence & Consulting Institute, part of Taiwan’s Institute for Information Industry, 12.3 million dedicated eBook readers shipped in 2010. The figure is relatively in line with earlier estimates of 12.8 million units from market research firm IDC. The MIC estimates that global eReader shipments in 2011 will total up to 34.8 million units...