Showing posts with label results. Show all posts
Showing posts with label results. Show all posts

Monday, November 5, 2012

Apple paid just 2% corporation tax outside the US last year

Apple paid just 2% corporation tax outside the US last year
Taxing times

Apple's financial results reveal that it managed to pay just 2% corporation tax in overseas countries last year.

The Cupertino company paid foreign (e.g. outside the US) taxes of $713 million (£445m/ AU$689m) last year, despite making $36.8 billion overseas (£23bn / AU$35.5bn).

It's not clear how much of that was paid in each specific country over the course of the year.

Only death is certain now

Tech companies are coming under increasing scrutiny in the UK, at least, where it's possible to side-step British corporation taxes by routing payments through other countries that charge a lower rate – like Ireland.

Ireland is Apple's tax haven of choice and in 2011, the company paid £10 million in tax on £6 billion-worth of UK sales by opting for the Irish route.

This is perfectly legal, although it leaves Brits somewhat short-changed in the tax department despite Apple's significant contributions to the unavoidable national insurance and VAT coffers.

Other tech giants that have been accused of avoiding paying their fair share of tax include Amazon and Google, both of whom have been invited to discuss the matter with the Public Accounts Committee at Parliament later this month.


Source : http://www.techradar.com/news/computing/apple/apple-paid-just-2-corporation-tax-outside-the-us-last-year-1110091

Friday, October 19, 2012

Google has its first $14B quarter but net income decreases

Google's Q3 results came out earlier than planned and since they didn’t meet Wall Street's expectations, the company's shares dipped and trading of the stock had to be suspended temporarily. Google's shares ended the day 8% down.

While not what analysts expected, Google's third quarter wasn’t that bad. The search giant had its first $14 billion revenue quarter (a 45% increase year over year), helped by revenue from Motorola.

Net income was $2.18 billion, down from the $2.73 billion of last year's third quarter. Google's ads saw a 33% increase in paid clicks, but the price of those clicks was 15% lower than in Q3 2011. The reason behind the drop is the increasing share of mobile ads, which are cheaper.

Anyway, Motorola had a rough quarter. Its revenue was $2.58 billion, but it posted an operating loss of $527 million ($505 million of which was lost by the mobile phone department).

You can get more details on Google's financial performance from their full press release.

Source


Source : http://www.gsmarena.com/google_has_its_first_14b_quarter_but_net_income_decreases-news-4969.php

Thursday, October 18, 2012

Nokia outs Q3 2012 results, reports reduced operating loss

Nokia's financial results for Q3 2012 are out and things are still looking grim for the Finns, which have reported an operating loss of $754 million.

If you recall, for each of the last three quarters Nokia had to report north of a $1 billion loss. That's why the company had to undertake some unpleasant job cuts and we guess the results are starting to show up.

There's more bad news for Nokia, too, as the company only managed to push 76.6 million featurephones, from which the Asha lineup accounted for 6.5 million units. The really bad news is that Lumia sales have dropped to 2.9 million (from a total of 6.3 million smartphones shipped) compared to last quarter's 4 million. The Windows Phone 8 launch just couldn't come soon enough for the Finns, which are now facing a do or die situation.

The report also shows that Nokia Siemens Networks managed to make a profit of $238.5 million, managing to helping the company in these hard times of transition to Windows Phone. Speaking of that, Microsoft also chimed in with their $250 million cheque for the quarter.

Lastly, Nokia reports cash reserves of $4.66 billion, which doesn't compare particularly favorably to the $6.64 billion the company had in its pockets at the same point of last year. In the report, the company issued a warning towards investors that the upcoming Q4 quarter will still be bumpy. The reason, as Stephen Elop puts it is "product transitions and our ramp up plan for our new devices."

Source | Via


Source : http://www.gsmarena.com/nokia_q3_2012_results_are_out_reports_reduced_operating_loss-news-4967.php

Saturday, September 29, 2012

Out of date apps litter the App Store: why isn't Apple doing more?

Out of date apps litter the App Store: why isn't Apple doing more?
A search for cooking apps in the App Store gives mixed results

Remember the days when every few months would come another proud announcement from Apple about the number of apps in the iOS App Store? First it was 10,000, then 50,000, then 100,000... and then Apple stopped making too much of a fuss, and started talking about the number of apps downloaded instead.

And wisely too, because the game of "How many apps have ya got?" is one that ends up with nobody winning, certainly not customers.

We've gone well beyond the stage of "There's an app for that" and into the era of "There's a dozen apps for that. I don't know which ones are any good, or even if some of them actually work any more."

There's a lot of great stuff on the App Store, but it has become a place cluttered with abandonware, apps that were made a few years ago and haven't been updated for years. Thanks largely to their age, these apps litter search results, making it hard to find anything decent once you go beyond the curated selections on the home and category pages.

Confused search

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Search for 'cooking', for example, and you'll get a fairly decent example of what I mean. There are some new apps, some quality ones, and a whole load of little apps that haven't been updated for years - one, in fact, was last updated over two years ago. What's the chances that app will work properly with iOS 6? That is something you'll only really find out once you've bought it.

This is a problem that will only get worse as time goes on. Unfortunately, it will also start to make the iOS App Store look like its Android equivalent, where the good stuff is drowned out by cheap, semi-functioning crud and it gets harder and harder to actually find things you might want.

Imagine if Apple decided that, in its physical stores, it wasn't going to get rid of old stock - instead, it was just going to leave it festering in the corners of the store, where customers could trip over it while trying to find what they really wanted. The App Store mess is a virtual equivalent.

Sort it out, Apple

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Given that the App Store is supposed to be a well policed environment, the onus is on Apple to sort things out, and there are a few steps it could take to make things better.

The first is simply to start down-ranking apps in search results if they haven't been updated for a long time. No matter how good an app is, if a new version hasn't been added for two years it's likely to have compatibility problems with new iPhone hardware and versions of iOS.

The second and more radical solution would be to decree that after each major iOS upgrade, developers build and upload a new version of their apps. If this isn't done within, say, six months of a public release, then their app should be placed in a kind of limbo: still on the App Store and available for download, but no longer appearing in search results unless the search matched the exact title of the app. If an app is then updated, it will be moved back into the proper search system.

These steps would weed out apps that were one-off creations, and also encourage developers to update apps on a regular basis. Undoubtedly, some would complain, but for those who still had an interest in maintaining (and selling) their apps, it wouldn't be any extra work.

It might also reinforce the idea that creating an app is a long-term commitment, and that if you want yours to be a success you have to be in for the long haul.


Source : http://www.techradar.com/news/software/applications/out-of-date-apps-litter-the-app-store-why-isnt-apple-doing-more-1099944

Friday, September 28, 2012

RIM outs Q2 results, reports loss of $235m and a $2.9b revenue

RIM has released its financial results for Q2 2013 (the company has a shifted financial year) and despite reporting a loss of $235 million, it's not as bad as last quarter, when the loss of the Canadian company was double that.

Revenue was $2.9 billion, which is 31 percent down year-over-year. RIM managed to ship 7.4 million smartphones and 130,000 PlayBook tablets and has a total of 80 million BlackBerry subscribers.

The company reports $2.3 billion in cash and assets on hand. This is a slight increase from last quarter's $2.2 billion. The Canadian smartphone manufacturer says everything is going as planned for the future BlackBerry 10 launch early next year and is looking forward to better times once the refreshed OS hits the market.

Source | Via


Source : http://www.gsmarena.com/rim_outs_q2_2013_results_reports_loss_of_235m_on_a_29b_revenue-news-4873.php

Wednesday, September 12, 2012

iPhone 5 name leaked by… Apple!

iPhone 5 name leaked by… Apple!
Oh dear Apple, #facepalm

The iPhone 5 is all but confirmed after the name of the next generation handset showed up in search results on Apple's own website.

Type in "iPhone 5", "iPhone-5" or even "iPhone LTE" and the Apple website will return some interesting results – URLs containing the iPhone 5 name, currently not linked to a content page.

It looks like Apple's content managers may have got a little ahead of themselves, setting up pages and site map ready for the announcement later today and have inadvertently let slip on the firm's biggest secret.

iPhone 5 name leaked

I spy with my little eye…

There's been a lot of talk surrounding the name for the sixth generation of iPhone, with "iPhone 5" and "new iPhone" being the two most likely candidates, and after Apple's invite to today's event displayed a giant number five as a shadow it was all but confirmed.

This latest occurrence has put the final nail in the naming conundrum coffin and we're now 99.9% certain that we will be seeing the iPhone 5 today – unless, of course Apple pulls off the biggest "one more thing" in history.


Source : http://www.techradar.com/news/phone-and-communications/mobile-phones/iphone-5-name-leaked-by-apple-1096614