No consoling Nintendo on poor results January 26, 2012 A SET of bleak third quarter results from Nintendo, flanked by a drastic increase in expected losses for the year, could drive the final nail into the coffin of its game consoles. The Japanese company reported a nine-month net loss of 48.4bn yen (£400m) – compared to the 49.6bn yen profit collected by this point [...]
AT&T survives the loss of T-Mobile bid with growth to contest Verizon January 26, 2012 COSTS from AT&T’s failed multi-billion dollar bid for T-Mobile dragged down fourth quarter profit at the American telecoms giant, which reported a loss of $6.68bn (£4.25bn) despite an overall annual growth. Fourth quarter operating loss was $9bn, down from a $2.1bn gain a year earlier. However, revenues in the final months of the year rose [...]
RAPID RESPONSES January 26, 2012 Data deluge Craig Drake rightly emphasises the importance of institutions making big data “work for their business” [Big industry responses are needed to big data explosion, yesterday]. Data must be seen as an asset for businesses and managed properly. If it’s not, then it just becomes a liability. The financial services industry is only now [...]
Nokia profits dive January 26, 2012 Nokia Oyj reported a 73 per cent fall in fourth-quarter earnings as sales of its new Windows Phones failed to dent the dominance of Apple’s iPhone or compensate for diving sales of its own old smartphones. The world’s largest cellphone maker by volume last February unveiled a major strategy shift to Microsoft Corp software for [...]
AT&T posts huge loss January 26, 2012 AT&T Inc posted a massive quarterly loss due to a break-up fee for its failed T-Mobile USA merger and a pension-related charge on top of costly subsidies for smartphones such as Apple’s popular iPhone. As a result, the telephone company posted a loss of $6.68 billion (£4.25bn) or $1.12 per share, compared with a profit [...]
NEC to axe 10,000 jobs January 26, 2012 NEC Corp said it will slash 10,000 jobs, almost one in 10 of its workers, in a bid to cut costs as competition from foreign rivals including Apple Inc pushes it deep into the red. NEC blamed its poor performance on weak demand for its smartphones amid the popularity of Apple’s iPhone in Japan, as [...]
Nintendo reports 61pc fall in profit January 26, 2012 Nintendo posted a 61 per cent drop in quarterly operating profit on Thursday and forecast a 45bn yen (£369m) operating loss for the year to March, far worse than market expectations, hit by weak sales and the strong yen. The full-year operating loss will be the first since the company started announcing earnings in their [...]
WHAT THE OTHER PAPERS SAY THIS MORNING January 25, 2012 FINANCIAL TIMES NORWEGIAN CARRIER AIMS HIGH WITH 222 AIRCRAFT ORDERS Norwegian Air Shuttle plans to buy 222 new aircraft worth $21.1bn from Boeing and Airbus in a move that heralds its ambition to become one of Europe’s leading low-cost airlines. Boeing secured its largest ever European deal through a firm order by the Oslo-based airline [...]
Nasdaq takes a bite of the prized Apple January 25, 2012 BIG profits from Apple and a promise from the Federal Reserve to keep rock-bottom rates for at least two more years powered the US stock market higher yesterrday. Apple led the Nasdaq to a one per cent gain. Shares of the maker of iPhones and iPads surged to a record, making it the most valuable [...]
How we’ll waste our time this year January 25, 2012 SONY PLAYSTATION VITA Expected: 24 February Price: £280 with 3G Sony’s long-awaited portable console is almost upon us. We now know it features both a touch-screen (expected) and an innovative touch-sensitive rear (similar to the one that failed to materialise on the iPhone 4), meaning you can control the system with swipes of your finger [...]