Tesla has revealed its Q1 2019 financial details, reporting a heavy loss of $702 million for the first quarter. The company ended Q1 with $2.2 billion in cash and equivalents, a $1.5 billion drop from the end of last year. Among other things, Tesla reports that it was negatively impacted by 'non-recurring items.' The company's $4.54 billion quarterly revenue fell short of expectations.
LG's mobile division reported a loss of over $700 million USD in the whole of the year 2018 - but that might not be a bad thing. LG is set up in a way in which they can lose money in one division and still make enough money in another to make up the difference. And that's just what they've done, with record revenue numbers overall - a whopping $54.4 billion for the year 2018. Here's why that's good for you, the smartphone user.
Net sales for Apple in their reported Q1 earnings this afternoon showed the iPhone at odds with the rest of the company. Mac, iPad, and Services net sales were up compared to this same quarter one year ago. The category called "Wearables, Home, and Accessories" also rose in net sales year-over-year. The iPhone category was the only category where net sales did not rise.
Apple announced a lower-than-expected guidance for the upcoming quarterly report. This isn't unprecedented, but it might come as a bit of a shock to those investors that've seen quarter after quarter of big iPhone sales and revenue aplenty across the board for the company. Apple released a brief report today that showed expectations of revenue at $84 billion with a gross margin of approximately 38 percent.
Apple has released its fourth quarter 2018 financial results, revealing a 20-percent increase in revenue to $62.9 billion. According to the company, 61-percent of its quarterly revenue came from international sales. Apple's Services revenue increased to $10 billion during its fourth quarter, as well, a 27-percent increase over the same quarter last year.
Amazon has revealed its third quarter 2018 financial results, announcing $56.6 billion in net sales, a huge 29-percent increase versus Q3 2017. The company says it had operating income of $3.7 billion during its latest third quarter; in comparison, its third quarter in 2017 had an operating income of $347 million. Company CEO Jeff Bezos said, "The team is doing a fantastic job building and innovating for customers."
NVIDIA Q2 earnings today reported the complete wipe-out of expected earnings from cryptocurrency-specific products in the future. This comes after this Q2's expected earnings in crypto hardware were $100m for the company, but turned out to be just $18m. As NVIDIA's statement suggests, "Whereas we had previously anticipated cryptocurrency to be meaningful for the year, we are now projecting no contributions going forward."
In Apple's Q3 2018 earnings report, the company revealed that unit sales of both the iPad and the iPhone were almost identical to last year at this time. Sequentially, iPhone sales revenue and unit sales took a real dip - which is pretty standard for this time of year. Let's compare this quarter's hardware sales data to last year's at this time and see what we make of it.
Apple has announced its third quarter 2018 financial results, revealing a quarterly revenue of $53.3 billion. This was the company's best June quarter ever, according to Apple CEO Tim Cook, who cites strong iPhone, Services and Wearables sales as the driving force for Q3. As well, Apple boasts that this was its fourth consecutive quarter seeing double-digital growth in revenue.
![Tim Cook: iPhone X pricing, strategy here to stay [UPDATE]](https://www.slashgear.com/wp-content/uploads/2018/05/timcook235.jpg)
This is the first time since the iPhone line was split into two devices that the more expensive unit sold more than the lesser. That's what Apple CEO Tim Cook suggested during Apple's fiscal Q2 financial results call this afternoon. Cook responded to a question of the current Apple strategy of releasing three phones at once - specifically on the iPhone X and it's starting price of $999 USD. Tim Cook said he couldn't be prouder of the work they'd done and the way they've done business in the quarter at hand - and the one before that, too.
Apple has published the financial results for its fiscal Q2 2018, revealing a 16-percent increase in quarterly revenue to $61.1 billion. The company primarily has international sales to thank for the success -- 65-percent of Q2 2018's sales were overseas. Overall, Apple saw its strongest March quarter ever, giving the company another record milestone.
Sony's earnings report for the year 2017 suggested they'd sold a whopper of an amount of units of their current gaming console, PlayStation 4. After selling 76 million+ PlayStation 3 units over the product's lifetime, Sony's on track to sell that many by the end of the current financial year. That's no small feat - but it's still a while away from the greatest selling home console of all time - PlayStation 2.