financial

Amazon loses big, but the worst is yet to come

Amazon loses big, but the worst is yet to come

It's not looking especially good at Amazon right this minute for investors. While operating loss was $25 million USD in Amazon's Q3 of 2013, this quarter (one year later), they've reported operating loss at $544 million. Net loss, on the other hand, was $41 million at this time last year and $437 million this quarter. On a more positive side, Amazon introduced several new products this quarter and increased net sales 20% to $20.58 billion this quarter compared to $17.09 billion one year ago. It may be time for a fire sale, nonetheless.

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Hungary’s Internet providers could soon be taxed per gigabyte

Hungary’s Internet providers could soon be taxed per gigabyte

Internet usage is still mighty expensive in some regions, but all could pale in comparison to what residents in Hungary may soon be paying: the country is set to impose the first-ever tax on Internet usage, and it's a hefty one. The announcement was made earlier today by the nation's Minister for National Economy Mihaly Varga, and it has received harsh criticism from both locals and those abroad. Calls for protests have already happened, but as of right now, the measure is set to start in 2015.

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Google Q3 2014 Earnings hit and a miss

Google Q3 2014 Earnings hit and a miss

This afternoon Google announced their financial Q3 2014 earnings, this just a short while after Apple held their 2014 iPad event. Generally Apple’s events squash every other kind of technology news released during the day, but Google’s earnings - especially ones that turn their stock into a rock - should be strong enough to break on through. What we’re seeing today is Google’s CFO Patrick Pichette announce that they’re excited about the growth in our advertising and emerging businesses."

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Samsung’s Q3 2014 profits nosedived

Samsung’s Q3 2014 profits nosedived

The past couple years have been kind to Samsung, which has seen record profits and all sorts of bragging rights. That reign held steady for quite a while as the Korean company pumped out mobile gadgets that found favor with consumers. Those numbers started stumbling this year, however, and by the looks of things has taken a massive blow in the third quarter of this year. Such information comes from a regulatory filing, which shows the company is expecting its profits to come in at a three-year low.

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Lenovo Fiscal Q1 figures show strong mobile and PC sales

Lenovo Fiscal Q1 figures show strong mobile and PC sales

It is all good news for Lenovo based on its financial reports for the first fiscal quarter of the year which ended June 30. Not only has it beat all odds and ended up with a net profit significantly higher than what analysts estimated, its PC business also managed to stay on top, not to mention profitable, during a period of lull in the entire industry. It is quite telling, however, that Lenovo declares that for the first time, it has sold more smartphones ever than PCs, bulk of which went to its chief market of China.

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