Electronics/Appliance Financials
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Amazon Posts Double-Digit Gains In Q4By Steve Smith, February 8, 2010Amazon.com reported double-digit net sales and net profit gains for its fourth quarter, ended Dec. 31, 2009. Net sales increased 42 percent to $9.52 billion in the fourth quarter, compared with $6.7 billion in fourth quarter 2008. Excluding the $354 million favorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales would have grown 3... More
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Apple's Sales, Profits Up By Double DigitsBy Joseph Palenchar, February 8, 2010Christmas was very good to Apple, which reported a year-over-year 32 percent gain in net sales in its fiscal first quarter to $15.7 billion, and a 49.8 percent gain in net income to $3.38 billion. The quarter, ended Dec. 26, also saw gross margins rise to 40.9 percent from the year-ago 37. More
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Microsoft Gets Windows 7 BoostBy Steve Smith, February 8, 2010Microsoft reported major gains in revenue and net income in its fiscal second quarter, due in large part to sales of its Windows 7 operating system. In its fiscal second quarter, ended Dec. 31, Microsoft's revenue was $19.02 billion, up 14 percent for the same time last year. Net income was $6. More
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Whirlpool's Q4 Profits More Than DoubleBy Alan Wolf, February 2, 2010Benton Harbor, Mich. - Cost reductions, productivity initiatives and a 13 percent spike in sales to $4.9 billion pushed Whirlpool's fourth-quarter profits up 111 percent to $95 million. More
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Samsung Reports Higher Q4 SalesBy Steve Smith, January 29, 2010Seoul, Korea - Samsung Electronics reported higher sales but lower net income for the fourth quarter ended Dec. 31, 2009. More
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Windows 7 Drives Microsoft In Fiscal Q2By Steve Smith, January 28, 2010Redmond, Wash. - Microsoft reported major gains in revenue and net income in its fiscal second quarter, due in large part to sales of its Windows 7 operating system. More
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Amazon Reports Double-Digit Sales, Profit GainsBy TWICE Staff, January 28, 2010Seattle - Amazon.com reported double-digit net sales and net profit gains for its fourth quarter, ended Dec. 31, 2009. More
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Nokia Posts Higher Q4 Operating ProfitBy Steve Smith, January 28, 2010Stockholm, Sweden - Nokia reported a higher operating profit but lower net sales for the fourth quarter, ended Dec. 31, 2009. More
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Motorola Sees Handset Profits By 4th QuarterBy Joseph Palenchar, January 28, 2010Schaumburg, Ill. - Motorola posted its third consecutive quarterly net and operating profit in the fourth quarter, the company's financial report shows. More
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Kodak Reports Q4 Profit, Higher SalesBy Steve Smith, January 28, 2010Rochester, N.Y. - Eastman Kodak reported reversed a loss of the previous year and reported higher sales for its fourth quarter, ended Dec. 31, 2009. More
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Apple Q1 Sales, Income Up Double DigitsBy Joseph Palenchar, January 25, 2010Cupertino, Calif. - Christmas was very good to Apple, which reported a year-over-year 32 percent gain in net sales in its fiscal first quarter to $15.7 billion, and a 49.8 percent gain in net income to $3.38 billion. More
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Philips Turns Profit In TV For Q4By Steve Smith, January 25, 2010Amsterdam, The Netherlands - Royal Philips Electronics reported that its television operation turned a profit in the fourth quarter, ended Dec. 31, due to higher comp sales. More
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Retailers Look To Fresh Start For New YearBy Alan Wolf, January 25, 2010Following a hard-fought holiday season, consumer electronics dealers are looking forward to new technologies, an improving economy and more favorable vendor policies to propel retail sales this year. Dealers said new — and earlier — introductions of advanced products, led by 3D TV, will also help shore up margins after last season's bruising price battles. More
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PC Shipments Rebound In 2009By Doug Olenick, January 25, 2010Computer shipments in the United States and worldwide made a huge comeback in 2009 overall and the fourth quarter, according to Gartner and IDC. Fourth-quarter shipments jumped in excess of 24 percent in the fourth quarter year over year, the two firms reported. Gartner said U.S. shipments were up 26. More
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Sirius XM Gains Subs In Second HalfBy Joseph Palenchar, January 25, 2010Sirius XM increased its net subscriber base for the second consecutive quarter, ended December 2009, but the gains weren't enough to offset first-half subscriber losses. The satellite-radio company added 257,028 net new subscribers in the fourth quarter following a third-quarter gain of 102,295. More
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Logitech Sales Down 2% In Q3January 25, 2010Logitech International announced its financial results for the third quarter of its 2010 fiscal year. Sales for the third quarter were $617 million, a decrease of 2 percent compared with $627 million in the same quarter last year. Excluding the favorable impact of exchange rate changes, sales decreased by 7 percent. More
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TomTom: Free Lifetime Map, Traffic UpdatesBy Joseph Palenchar, January 25, 2010TomTom will turn up the competitive heat in the portable navigation device (PND) market in the second quarter when it begins bundling free lifetime map updates and free lifetime traffic data with a variety of its models. Some models will get free lifetime map updates, others will get free lifetime traffic, and some models will get both, said market development VP Tom Murray. More
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Transcend Partners With Ingram MicroJanuary 25, 2010Transcend Information announced it was partnering with Ingram Micro to distribute Transcend's products. ''We have a great relationship with Ingram Micro in other regions worldwide and are eager to replicate this success in the U.S.,'' said M.J. Cho, sales VP at Transcend, in a statement. More
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JVC Ships Expanded Surround-Bar LineBy Joseph Palenchar, January 25, 2010JVC began this month to ship an expanded selection of surround-bar-based home-theater systems as part of a shift away from more traditional systems equipped with five separate speakers and a subwoofer. Consumer audio GM Steve Howcott cited the growing sales potential for surround bars now that flat-panel TVs have gone mainstream. More
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CE Sales Boost Chain Stores, Best Buy In Dec.By Alan Wolf, January 18, 2010Holiday purchases of consumer electronics helped national chains post higher-than-expected sales in December. At Best Buy, strong sales of notebook computers, mobile phones, major appliances and a surge in online orders boosted Best Buy's net domestic revenue 13 percent to $6.7 billion in December, and comp-store sales soared 9. More
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