financial results

Apple posts another record quarter as Cook raises doubts over LTE iPhone

Cupertino based computer, handset and tablet manufacturer Apple has posted yet another record quarter, raking in second quarter revenue of US$24.67b, producing a net profit of US$5.99b. This was achieved with sales of 3.76m Mac computers, a 28 per cent increase over the year-ago quarter, and 18.65m sales of iPhones, representing growth of 113 per cent.

Sony Ericsson posts fourth consecutive quarterly profit

Handset vendor Sony Ericsson has reported net profit of €8m for the Q4 2010, marking its fourth consecutive quarter in profit. Net income for full year 2010 was €90m, the firm said, compared to a loss of €836m for 2009. President and CEO Bert Nordgberg described 2010 as “a turnaround year” for Sony Ericsson, and attributed improvements in the firm’s fortunes to its “shift towards an Android-based smartphone portfolio.”

RIM turns in record quarter

Canadian smartphone vendor Research In Motion has reported record results for the third quarter of its 2011 fiscal year, with shipments of its Blackberry devices growing 40 per cent year on year to 14.2 million devices. Revenues were up by the same degree, hitting $5.49bn compared to $3.29bn for the third financial quarter of 2010, and there was a sequential improvement on the second quarter of 19 per cent.

Sony Ericsson turnaround continues with Q2 numbers

Handset vendor Sony Ericsson achieved its second consecutive profitable quarter, posting net income of €12m for the second quarter of 2010. In the same quarter last year the firm made a loss of €213m, while in Q1 2010 the firm recorded net profit of €21m. Revenues were also up, at €1.76bn, compared to €1.68bn for Q209 and €1.4bn for Q1 this year.

Ericsson Q1 profits slide by 30 per cent

Swedish infrastructure vendor Ericsson has reported a 30 per cent drop in profits for the first quarter of this year, netting SEK1.3bn ($180m) for the three months to end March, compared to SEK1.8bn for the same period in 2009. CEO Hans Vestberg said a slowdown in infrastructure sales was partly to blame, and the firm was also impacted by ongoing restructuring costs.

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