Displaying items by tag: Money

Microsoft has released surprisingly good operating results for the third quarter in which both sales and earnings significantly exceeded expectations. The company posted a profit of 5.24 billion dollars, which is much higher than analyst expectations, which on average was about $4.56 billion . The total turnover of the company was $18.5 billion , which is again much higher than the 17.8 billion dollars that analysts had expected.

Google has announced their financial results for the second quarter of 2013. They reported total revenues of $14.11 billion (an increase of 19% compared to the same period last year), of which $12.1 billion came directly from advertising services. Operating profit was also impressive, $3.23 billion U.S. dollars, compared to 2.79 billion from the last year.

Until now Tyler and Cameron Winklevoss were most famous because they sued Zuckerberg for $140 million (reportedly stolen their Facebook social network ConnectU), and to others by their claim that they are owners of 1% of all the total number of Bitcoin.

Mark Zuckerberg announced today that “This morning, there are more than one billion people using Facebook actively each month”, and around 600 million of those are mobile users. The average age of Facebook users continues to decrees, as now is 22. When they hit 500 million users back in July 2010 the average age was 23. Zuckerberg also posted an interesting fact sheet, so according to that there have been over 1.13 trillion “likes” since the launch in February 2009, 219 billion photos uploaded, 17 billion location-tagged posts (check-ins included), and about 210,000 years of music has been played on Facebook so far.

So the unheard of happened today; Apple reported their 4th quarter revenue and it was *gasp* under expectations. This was after so many people were heard to make predictions on Apple reporting another record quarter. The total revenue for the 4th Quarter of 2011 was 28.27 Billion which fell shy of expectations by just over a Billion Dollars. Revenue was still up over 8 Billion from Q4 2010 and Net Profits were up by 2.3 Billion. Apple products also enjoyed an increase quarter over quarter with iPhone sales increasing 21%, iPad sales up almost 170%, and Personal Computing Systems sales up 26%. iPod sales, which many are seeing as obsolete, were down around 27% from last year. Apple’s nest egg also grew to $84 Billion.

In the meantime Intel Corporation posted a record $14.3 Billion in revenue and $3.7 Billion in net income. This is up 3.2 Billion over Q4 2010 and represents their recapturing of market share from Rival CPU maker AMD. Intel’s PC group had a growth of 22% over Q4 201o while their Data Center Group grew 15%. Intel has an Operating Income of 5.1 Billion which was also up 22% over Q4 2010. This is all coming at a time when many analysts are predicting the death of the PC as more and more tablets arrive on the market. However, Desktop and Server CPU sales remain strong and have increased more than expected. Meanwhile the poor Atom had a drop of 32% in revenue ($268 Million) over last year’s Q4.

The results are very interesting indeed and only go to show you that sometimes analysts forget to take a look at the raw data and the market before making predictions. We will be interested to see if Apple continues to drop in revenue through Q1 and Q2 of 2012 and Intel continues to climb. We know there will be some fallout from the loss of Steve Jobs, we just are not sure how much that will be.

Source Apple and Intel

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