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Amsterdam, The Netherlands — North American PND sales at the retail level fell 28 percent in the third quarter to 1.1 million units from the year-ago period, GPS supplier TomTom said in its latest financial report.
The decline followed a second-quarter 27 percent decline to 1.3 million units and a first-quarter decline of 27 percent to 1.1 million units, previous financial reports stated.
This TWICE webinar, hosted by senior editor Alan Wolf, will take a look at what may be the hottest CE products at retail that will be sold during the all-important fourth quarter. Top technologies, market strategies and industry trends will be discussed with industry analysts and executives.
San Francisco — Dolby Laboratories reported lower revenues and net income for its fiscal fourth quarter, ended Sept. 27.
Dolby posted total revenue of $216.7 million, compared with $225.8 million for the fourth quarter of fiscal year 2012.
Fourth-quarter GAAP net income was $45.8 million, compared with $51.5 million for the fourth quarter of fiscal 2012. On a non-GAAP basis, fourth-quarter net income was $58.8 million, compared with $63.8 million for the prior-year period.
Port Washington, N.Y. — Systemax reported a net loss on lower net sales in its third quarter, ended Sept. 20.
The net loss was $11.6 million in the quarter, compared with a net profit of $14 million in last year’s third quarter.
Consolidated sales decreased 6.5 percent to $791.8 million in U.S. dollars. On a constant currency basis, sales decreased 6.8 percent compared with last year.
Consumer channel sales declined 17.5 percent to $263.5 million in U.S. dollars. On a same-store and constant currency basis, sales declined 15.6 percent.
Espoo, Finland — North America was the only region in which Nokia’s third-quarter handset sales grew in units and dollars compared with the year-ago period, the company’s financial report shows.
The gain followed a second-quarter drop in North American units and dollars. In the first quarter, North American dollars were up despite a unit-sales decline.
On a global basis, the quarter’s handset sales fell in units and dollars compared to the year ago, but handset operating losses shrank in the quarter and nine-month period.
Cupertino, Calif. — Apple reported slightly higher revenue but slightly lower net profit in its fiscal fourth quarter, ended Sept. 28.
Apple posted quarterly revenue of $37.5 billion and quarterly net profit of $7.5 billion, compared with the prior year’s fiscal fourth quarter performance of $36 billion in revenue and net profit of $8.2 billion.
Gross margin was 37 percent, compared with 40 percent in the year-ago quarter. International sales accounted for 60 percent of the quarter’s revenue.
Stockholm, Sweden — Electrolux said strength in its North American operations couldn’t offset the impact of weak European demand, unfavorable currency fluctuations, and higher marketing and capital investment costs during the third quarter.
The result, the world’s No. 2 majap maker reported, was a 29 percent decline in third-quarter profits to 656 million kronor, on essentially flat sales of 27.3 billion kronor for the three months, ended Sept. 30.
Miami — No-contract cellular MVNO TracFone Wireless posted double-digit percentage gains in revenue and high single-digit earnings growth on a slight gain in the number of net new subscriber.
Revenues grew in the third quarter by 17.2 percent to $1.5 billion and in the first nine months of the fiscal year by 30.7 percent to $4.5 billion.
Seoul, South Korea — Spurred mostly by rising mobile handset sales, Samsung posted a record quarter Friday showing third-quarter net profits climbed 26 percent.
Net profits reached to $7.76 billion (10.16 trillion won), and revenue climbed 13.2 percent for the year to 59.08 trillion won in the period.
Seattle – Amazon.com reported a $41 million net loss for the third quarter, ended Sept. 30, compared with a year-ago net loss of $274 million.
The company had reported a net loss of $7 million for the prior quarter ended June 30.
Net sales rose 24 percent in Q3 to $17 billion, and grew 26 percent excluding the impact of unfavorable currency exchange rates.
Newark, Calif. — Logitech International reported another down quarter, but it expressed confidence in the progress of its three-year turnaround plan.
Revenue for the second quarter of fiscal 2014 was $532 million, down 3 percent compared with the prior-year period.
Second-quarter GAAP operating income was $17 million, while non-GAAP operating income was $37 million. Year-to-date GAAP operating income was $17 million, while non-GAAP year-to-date operating income was $49 million.