financial

Sony’s Q1 profit highest in years, boosted by PS4, camera sensors

Sony’s Q1 profit highest in years, boosted by PS4, camera sensors

Sony revealed its Q1 financials today, announcing that it reaped its highest first quarter profit since 2007. The company largely has PlayStation 4 software and camera sensors to thank, the latter of which it recently targeted with capital raising and planned production increases. In the quarter running from April to June, Sony saw its operating profit increase 39-percent over the same quarter last year, hitting 96.9 billion yen and beating out analyst estimates. The company foresees camera sensor demands proving fruitful in its future.

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Dismal Samsung Q2 numbers forces Galaxy S6 price cut

Dismal Samsung Q2 numbers forces Galaxy S6 price cut

It's one thing for a product to be highly popular and another thing for that popularity to translate into profits. That was the case back then with the HTC One (M7 and M8) and is now the case with Samsung's Galaxy S6 and S6 edge duo. The Korea manufacturer has just released its second quarter financials and, while the company did see some increase in numbers, it was only ever so slight. Plus, the Galaxy S6 flagship, hoped to be its savior, turned out to be almost a dud.

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Nintendo sees surprise profit: has Splatoon, 3DS, amiibo to thank

Nintendo sees surprise profit: has Splatoon, 3DS, amiibo to thank

Nintendo detailed its latest quarterly financial details today, revealing a surprise upswing in revenue as quarterly sales increased more than 20-percent and net profit hit 8.28 billion yen (versus last year’s 9.9 billion yen loss for the same quarter). Nintendo largely has a combination of weaker yen and a sharp rise in new game sales to thank, the latter of which was led by the widespread success of Splatoon. As expected, amiibo — which gained several new figures over the past couple months — also helped the video game company.

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Microsoft suffered big financial blow last quarter

Microsoft suffered big financial blow last quarter

Following Apple's recent report, Microsoft has dropped details on its own most recent financial quarter, and it doesn't bring good news: the company had its worst quarterly results ever, something partly attributed to its Nokia happenings and a continually downturned PC market. The company saw a quarterly revenue drop of 5.1-percent, with it raking in $22.18 billion (compared to last year’s $23.38 billion). The company saw a decrease in Office sales despite a slight growth, as well as a drop in Windows volume licensing and Windows OEM revenue.

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Apple Watch’s first nine weeks had more sales than iPhone, iPad

Apple Watch’s first nine weeks had more sales than iPhone, iPad

Apple has detailed its financials for the third quarter of its fiscal 2015 year, and as expected there are a lot of good talking points. We’ve already dug into some of the relevant numbers, but are taking a moment to talk about the Apple Watch specifically. Apple shies away from getting too specific about it smartwatch’s sales numbers, though CEO Tim Cook did say that the quarter was a “great start for Apple Watch”.

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Apple Music’s royalty-free trial period puts indie labels at risk

Apple Music’s royalty-free trial period puts indie labels at risk

Apple Music, the tech giant's new streaming service is set to launch June 30th. In the run up to its release, big name labels have already joined the fray, but Apple has yet to secure any independent record labels. Although Apple is reportedly offering higher than average 71.5% to 73% of the revenue to copyright owners, they have to endure a revenue-free trial period, first.

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Apple Music: over 70% of revenue goes to rights owners

Apple Music: over 70% of revenue goes to rights owners

Following last week's debut of Apple Music during WWDC, there have been some lingering questions on the business side of Apple's new paid music streaming service, specifically how much of subscription fees would be passed on to record labels and rights owners. Well, Apple answered that question this morning, revealing that in the US, 71.5% of the revenue earned from Apple Music subscriptions will be paid to the music owners, just over the US industry's standard of 70%.

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Jurassic World makes over $500M in largest worldwide opening weekend

Jurassic World makes over $500M in largest worldwide opening weekend

Jurassic World finally hit movie theaters this past weekend, and with its arrival the new film set an incredible record by making over half a billion dollars around the globe. The movie earned roughly $511.8 million at the box offices, making it the largest worldwide opening weekend ever, and it nearly set a new record for domestic US openings. 2012's The Avengers will keep its title of largest US opening weekend with $207.4 million, as Jurassic World was just short with $204.6 million.

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Spotify raises $526 million in funding to continue battling Apple

Spotify raises $526 million in funding to continue battling Apple

In the aftermath of Apple revealing its own new music streaming service, news has leaked that Spotify has just closed a funding round with $526 million in cash. This puts the Swedish company at a valuation of $8.53, reported the Wall Street Journal, and means they have doubled their total funding to over $1 billion since launching in 2006. The new funding is said to allow Spotify to invest in new expansions and offering new forms of content, as they face a growing rival in the new Apple Music.

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Lenovo smartphone numbers not enough for Q4 2014 profits

Lenovo smartphone numbers not enough for Q4 2014 profits

Many have pointed to the writing on the wall for the PC business, looking towards to smartphones for the future. While that may have been true to some extent for Lenovo, the world's largest PC maker, it isn't the complete story. Lenovo has just revealed its report card for the last quarter of 2014 as well as its full year evaluation of that year. And while its smartphone shipments have indeed improved, partly thanks to its acquisition of Motorola, those numbers weren't enough to save its sinking profits.

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