Filed under: Cellphones

Sony Ericsson warned the world just over a fortnight ago that things wouldn’t be too rosy when it came time to announce Q2 results, and rosy things are not. Even though the handset maker was hoping and praying to break even at the end of the quarter, net profits ended up falling through the floor to the tune of 97%. As predicted, weak sales of mid-to-high-end mobiles were blamed for the bulk of the bad news, and it did affirm that conditions would remain rough for the rest of the year. Granted, the looming launch of the Xperia X1 should help matters a bit, but without a new stable of low-end cellies to send to emerging markets, it’ll be a long road back to the top. Unfortunately, SE’s sagging position in the market has left it slashing 2,000 jobs across the globe, though it didn’t say exactly where the cuts would be made. It’s okay SE, there’s only one place to go when you’re laying on the bottom… or something like that.

[Image courtesy of Flickr]

Read - Sony Ericsson’s Q2 earnings
Read - Sony Ericsson plans job cuts

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Filed under: Misc. Gadgets

It seems as if Nokia’s not the only mega-corp on the block with good news to proclaim to Wall Street today, as the giant from Redmond is proudly announcing record second quarter results and pinpointing “robust holiday sales and enterprise demand drive” as the culprit. In the three months ending December 31, 2007, Microsoft pulled in some $16.37 billion in revenue and $6.48 billion in operating income, which translated to 30-percent and 87-percent growth in each area, respectively. The outfit also took the chance to mention that sales of Windows Vista had surpassed 100 million licenses, and Kevin Johnson, president of the Platforms and Services Division, even noted that it was “looking forward to the release of its first service pack later this quarter.” You and just under 100 million others, we’d surmise.

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Filed under: Cellphones

Although it does sound as if the much protested plant closing in Bochum, Germany will indeed leave around 2,300 workers sans a job, the street was still loving what Nokia had to talk about today. In its latest earnings report, the firm announced that it raked in €15.7 billion ($22.76 billion) in revenues and €1.8 billion ($2.6 billion) in net profit from October to December 2007. Furthermore, the firm managed to move a record 133.5 million handsets in the aforementioned period, which is up some 27-percent from Q4 a year earlier. That sales surge enabled the handset maker to grab hold of 40-percent of the global cellphone market, and apparently, bigwigs at the company aren’t expecting things to plateau in 2008. Needless to say, things are pretty spirited in Helsinki right about now, so feel free to tag the links below for even more jaw-dropping figures.

Read - Nokia 4Q profits up 44 percent, market share reaches 40 per cent
Read - Nokia’s Q4 2007 report

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Filed under: Misc. Gadgets, Gaming

Sony reported its second quarter earnings today, and while the company’s overall profits were up, at ¥90.5B ($790M), the Playstation division’s losses for the quarter came in at ¥96.7B ($844M), double those of a year ago. Sony says that once it’s done accounting for all the recent PS3 inventory changes, it hopes the Playstation division will break even — potentially in the second half of the fiscal year. Of course, since the PS3 is sold at a loss, the numbers might indicate that Sony’s selling more PS3s than ever, but something tells us that’s not exactly the plan.

[Via Joystiq]

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Office Depot Featured Gadget: Xbox 360 Platinum System Packs the power to bring games to life!

Filed under: Cellphones, Desktops, Portable Audio, Portable Video

Sure, Apple’s profitability and viability is based on any number of factors, but there’s one figure that analysts have been training their calculators on for months that has finally seen the light of day: Apple sold 1,119,000 iPhones in Q4 2007, which ended on September 29th, bringing the grand total to 1,389,000 since launch. That might meet or miss your expectations, but other sales bringing a smile to Jobs’ face and a cha-ching to his wallet include a 34% growth in Mac sales year to year and a 17% growth in iPods year to year — with 10.2 million iPods sold last quarter. The earnings call hasn’t started just yet, so hopefully we’ll get a few more juicy details on how much AT&T is chipping in to the bottom line these days.

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Office Depot Featured Gadget: Xbox 360 Platinum System Packs the power to bring games to life!