quarterly earnings

Apple had its best fourth quarter ever with $52 billion in revenue

Apple had its best fourth quarter ever with $52 billion in revenue

Apple has announced its fiscal Q4 2017 quarterly results, saying that it achieved record revenues during the quarter that ended on September 30. Overall, the company raked in $52.6 billion during the past quarter, a 12-percent increase over the same quarter last year. It marked good times for the company's Services, too, which had its best quarter ever. Overall, Apple says that 62-percent of its revenue last quarter came from international sales.

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Why Tesla Model 3 production seems a little low

Why Tesla Model 3 production seems a little low

Tesla just reported their Q3 Vehicle Deliveries and Production results for the Model S, Model X, and Model 3. This was apparently the company's all-time best quarter for deliveries on both the Model S and the Model X - by just a tiny bit - at a 4.5% increase over this same quarter in the year 2016. Quarter-by-quarter, though, Tesla's production rose a cool 17.7% (over Q2, 2017).

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Apple Earnings Q3: $APPL up as all product revenue grows

Apple Earnings Q3: $APPL up as all product revenue grows

Apple's latest earnings call says that Services Revenue is the big winner for the quarter - while the rest is up for the third quarter in a row. That includes quarterly revenue of $45.4 billion compared to this same quarter one year ago at a revenue of $42.4 billion. "With revenue up 7 percent year-over-year, we’re happy to report our third consecutive quarter of accelerating growth and an all-time quarterly record for Services revenue," said Apple CEO Tim Cook.

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iPhone sales up in Q3 despite iPhone 8 promises

iPhone sales up in Q3 despite iPhone 8 promises

Apple has just announced the results of its third fiscal quarter 2017, and detailed among the numbers is word about the iPhone's performance. The company has revealed that its iPhone sales were better than had been expected, increasing 1.6-percent year-on-year to hit the 41.03 million unit mark this past quarter; this is compared to the 40.4 million units it moved in the same quarter last year.

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Samsung beats Intel to become world’s biggest chipmaker

Samsung beats Intel to become world’s biggest chipmaker

We've been anticipating such an announcement for a couple months, and now it's finally here: Samsung has officially bumped Intel down a peg, taking over the top slot as the world's premiere chipmaker. It has been expected for a couple months now that Samsung would announce record-breaking profits in its latest Q2 report, and that's exactly what happened. Among the details is a big tidbit: Samsung's chip business had higher sales revenue than the entirety of Intel this past quarter.

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LG G6 sales aren’t doing it for the company

LG G6 sales aren’t doing it for the company

The LG G5 was an utter flop last year. But if LG was hoping the G6 would be its salvation, better luck next time. The Korean giant has just released its second quarter financials and, while it’s doing OK over all, its mobile division isn’t turning out to be so healthy. LG says that its mobile business basically saw no change compared to second quarter of 2016. And that’s all due to the “weaker than expected” sales of premium smartphones, a.k.a. the LG G6.

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Tesla boasts record production and car deliveries during Q1 2017

Tesla boasts record production and car deliveries during Q1 2017

Tesla's first quarter fiscal results are in and things are looking up. The company reports a huge 64-percent vehicle production increase year-on-year; during Q1, the automaker delivered 25,051 vehicles to customers. This ultimately resulted in $2.7 billion in GAAP revenue, though year-on-year losses increased this past fiscal quarter due to 'operations improved' during its most recent fourth fiscal quarter. All things considered, Tesla says that it is still on track for the initial Model 3 production to kick off in July.

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HTC sees glimmer of hope in 7th consecutive losing quarter

HTC sees glimmer of hope in 7th consecutive losing quarter

HTC's latest financial report for the three months ending on December 31st, 2016 show the company in flux. The first several financial highlights the company made in this call were of positive revenue but an operating loss and a net loss after tax. Revenue for this quarter sits at NT$22.2 billion with a gross margin of 10.5%, while HTC's quarterly operating loss was a cool NT$3.6 billion with an operating margin of negative 16%.

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iPhone sales set new record but iPad plummet continues in Q1 2017

iPhone sales set new record but iPad plummet continues in Q1 2017

Apple has announced its latest first quarter earnings, revealing good numbers mostly across the board, including an all-time quarterly revenue record. iPhone sales are particularly exciting, with company CEO Tim Cook announcing that Apple sold more iPhones over this past holiday season than ever before. It wasn't all good news, though, as the iPad -- while climbing a bit over the company's Q4 2016 numbers -- saw significant year-on-year decreases.

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Fitbit could be laying off as much as 10% of its crew

Fitbit could be laying off as much as 10% of its crew

Not so long ago, Fitbit, whose name has almost become synonymous with fitness trackers, purchased smartwatch darling Pebble, and, in the process, killed the latter’s smartwatches. Shortly after that, it purchased Vector Watch, another smartwatch maker startup. If you thought those purchases were signs of a strong company ready to gobble up competition and fresh blood, Fitbit’s Q4 earnings call might prove otherwise. According to The Information, the company actually had a very bad quarter and, as a consequences, could be letting go of some of its employees.

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Tesla had a profitable third quarter, has high hopes for Q4

Tesla had a profitable third quarter, has high hopes for Q4

Tesla had a profitable third quarter this year, the company has announced. The GAAP net income hit the $22 million mark, with Tesla saying it saw $176 million in free cash flow. The company goes on to say that gross profit-per-car, as well as GAAP total automotive gross margin, both increased ‘substantially’ in its fiscal third quarter. Tesla anticipates trends including positive GAAP net income, to continue on into the fourth quarter even though ‘ZEV credit sales’ will ‘likely [be] negligible.'

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Apple’s record quarterly earnings hinged on ‘Services’

Apple’s record quarterly earnings hinged on ‘Services’

Apple has announced its Q4 earnings for the quarter ending on September 24, saying it made $46.9 billion in revenue with a $9 billion net income (working out to $1.67/diluted share). Company CEO Tim Cook called the quarter successful, saying, ‘We’re thrilled with the customer response’ to the company’s newest products, ‘as well as the incredible momentum of our Services businesses,’ the latter of which set a new record for Apple.

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