Apple has beaten Wall Street expectations after posting its financial results for the fourth quarter of 2009. The Cupertino-based company posted a overall profit of $3.38 billion, or $3.74 per share – an increase of 50 percent from the same time last year. As well, its overall revenue was up – $15.68 billion from $11.88 billion from last year.
Topic: Earnings Season
Intel Q4 profits up by 875 percent – yes, that’s correct
Intel has announced that has made a net income of $2.3 billion during the fourth quarter of 2009, making that a 875 percent increase of its earnings last year, a dismal $234 million in Q4 2008, beating the Wall Street projections.
Despite Pre strength, Palm posts another loss
Despite the strength of its Pre device in the United States, Palm as posted a fiscal first quarter loss – its ninth consecutive loss – and will sell 16 million shares of the company in hoping to raise some much needed cash to help it balance its finances.
Microsoft profit falls 29 percent, weak sales affects all of its units
With the slump of the PC demand and the increasing attention on netbooks, small laptops that are meant to be used on the web and have non-resource-intensive applications; Microsoft has posted a 29 percent drop in its earnings report in profits during last quarter.
Google earnings show profit increase, growth slows down in advertising
Google has reported its earnings today, saying that it has earned US$5.51 billion for the first quarter of 2009, representing an increase of six percent, if compared to year by year; but also represents a decrease of three percent if compared to the fourth quarter of 2008.
Nokia net profit plunges down 90 percent
Nokia, the number one maker of mobile phones in terms of market share, has reported in its first quarter of 2009 earnings today, and has said that it had a worse-than expected 90 percent drop in its net profit, as the phone maker faces a difficult year as the economic slowdown continues to hit hard.
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