TweakTown
Tech content trusted by users in North America and around the world
6,072 Reviews & Articles | 38,997 News Posts

TweakTown News

Refine News by Category:

Business, Financial & Legal Posts - Page 55

Google announces its Q4 2013 earnings, $16.86 billion in revenue

Google has released both its Q4 2013 and full year 2013 financial results, with the Mountain View-based search giant seeing increases in both revenue, and income.

 

TweakTown image news/3/5/35171_03_google_announces_its_q4_2013_earnings_16_86_billion_in_revenue.jpg

 

For Q4 2013, Google saw revenues of $16.86 billion, up 17% year-over-year. Operating income for the three-month period was $3.92 billion, or 23% of its total revenues. Net income reached $3.38 billion, up from $2.89 billion from the same time last year. Google owned-site revenue was up 22% year-over-year to $10.55 billion, representing 67% of Google's total revenues.

 

Paid clicks were up around 31% for the quarter, with an 11% year-over-year decrease on cost-per-click. Motorola Mobility, which Google just sold to Lenovo for $2.91 billion, saw a $384 million operating loss for Q4 2013.

ReportTT: Microsoft could name new CEO as early as next week

Its only been about half a year since Microsoft's, Steve Ballmer, announced his retirement, and today it appears that the search for a new CEO may be coming to a close. In the beginning names such as Stephen Elop from Nokia, Alan Mulally from Ford and even Marissa Mayer from Yahoo were on the short list, but if a new report from VentureBeat is correct, none of those candidates made the final cut.

 

TweakTown image news/3/5/35165_1_reporttt_microsoft_could_name_new_ceo_as_early_as_next_week.jpg

 

VentureBeat is reporting that just 160 days after Ballmer announced his exit plan, that Microsoft could announce his successor as early as next week. The report goes on to state that it appears that Microsoft is keeping the position in the family and that its current executive VP of cloud and enterprise business, Satya Nadella, has been chosen for the top seat. Nadella has been with Microsoft for the past 20 years and has served many roles at the company, making him familiar with the company's inner workings, goals and ambitions. The report says that Stephen Elop and Tony Bates are both still in the running as well, but it appears that the odds are in Nadella's favor this time.

Facebook's stock skyrockets after financial and Paper announcements

This morning, Facebook's stock opened at a whopping $62.10 per share which is an increase of more than 16-percent from its closing price on Wednesday. Today also marks the first time the stock has risen above $60 since it went public two years ago. Analyst are attributing the large jump in growing investor confidence after Facebook released a strong financial report for the fourth quarter of 2013.

 

TweakTown image news/3/5/35164_1_facebook_s_stock_skyrockets_after_financial_and_paper_announcements.jpg

 

Facebook reported yesterday that it had almost doubled ad revenue year-over-year to the tune of $2.34 billion, an increase of 76-percent from 2012. Facebook said that its mobile ads campaign now makes up more than 53-percent of its revenue, and with today's launch of Paper, a new app for iOS, investors continued to pour cash into the social networking giant. At the time of this writing, Facebook's stock is hovering around the $62 mark and is expected to rise slightly over the course of the day.

Continue reading 'Facebook's stock skyrockets after financial and Paper announcements' (full post)

Apple could be fined over blocking LTE on the iPhone in Belguim

ZDNet is reporting that Apple has been blocking 4G networks to certain carriers around the world, with the Cupertino-based giant now looking at possible fines for LTE blocking in Belguim.

 

TweakTown image news/3/5/35158_06_apple_could_be_fined_over_blocking_lte_on_the_iphone_in_belguim.jpg

 

The Council of Ministers has ruled that no mobile phone maker can block 4G access for any carriers. Apple has a preferred partner relationship with Mobistar in the region, with Mobistar being the only officially certified by Apple to sell the iPhone. Mobistar doesn't have operational 4G network for consumers yet, but its competitors Proximus and Base do, but they are now officially certified by Apple.

 

Base's Corporate Affairs Manager, Coralie Miserque, wrote in a blog last November: "It was a true obstacle course; after months and months of (fruitless) attempts to approach Apple, Base finally received a typical Apple answer that the certification process was pending and would require some time. But how much time, the company refused to specify. It seems that Apple continues to protect its preferred partner in Belgium and refuses to certify its two competitors or at least is delaying the process until Mobistar has deployed its own 4G network. And this is not an exception, in other countries, Apple often grants its preferred partners 4G access months before anyone else".

Continue reading 'Apple could be fined over blocking LTE on the iPhone in Belguim' (full post)

Apple awarded solar-powered MacBook patent

Apple was awarded quite the patent on Tuesday, that might end up with consumers seeing a solar-powered MacBook being announced sometime in the future. The concept's original patent filing took place in 2010, so we might not even see this technology used by Apple in the coming years.

 

TweakTown image news/3/5/35157_05_apple_awarded_solar_powered_macbook_patent.jpg

 

The patent described multiple formats which could be used, with a laptop being powered by direct sunlight. All versions did share the same core concept, that the display and functional features on both sides, were labeled as "electronic device display module". Currently displays baked into laptops have a screen on one side, and a non-functional lid surface on the other - which is for protection purposes.

 

Apple's new patent would see the back of its MacBook screen turned into a very special part of the device. The main concept involves a multifunctional outer surface for the laptop, which would feature photovoltaic cells, that would let the computer run indefinitely, as long as it was in sunlight.

Continue reading 'Apple awarded solar-powered MacBook patent' (full post)

Facebook's mobile ads now make up over half its revenue

Thanks to Facebook's 945 million monthly users, 53% of the social network's revenue comes from mobile advertising. Facebook earned $2.59 billion in revenue for Q4 2013, with 556 million daily active users on mobile for the month, and 945 million monthly active users on mobile.

 

TweakTown image news/3/5/35156_04_facebook_s_mobile_ads_now_make_up_over_half_its_revenue.jpg

 

The 556 million daily active users was just for December, which represents a 49% year-over-year increase, while the 945 million mobile monthly active users is up 39% year-over-year. This is so thanks to Facebook's News Feed ads, and its auto-play videos - as much as they annoy you, it's making the social network some serious green.

Lenovo buys Motorola from Google for $2.91 billion

Lenovo has just purchased Motorola Mobility from Google for a cool $2.91 billion, which will provide the Chinese smartphone manufacturer with a more competitive stance in the US market.

 

TweakTown image news/3/5/35151_01_lenovo_buys_motorola_from_google_for_2_91_billion.jpg

 

The Chinese manufacturer will complete the purchase with a mix of cash, and stock. Google will continue to own most of Motorola's patents, while 2,000 patents and a license on the remaining patents will be handed over to Lenovo. Lenovo will shell out $660 million in cash to Google, $750 million in stock, and the remaining $1.5 billion will be paid out over the next three years.

 

Google CEO Larry Page said in a statement "Lenovo has the expertise and track record to scale Motorola Mobility into a major player within the Android ecosystem. This move will enable Google to devote our energy to driving innovation across the Android ecosystem, for the benefit of smartphone users everywhere".

Continue reading 'Lenovo buys Motorola from Google for $2.91 billion' (full post)

Lenovo splits itself into four business groups

Lenovo has just announced that as of April 1, it will split itself into four business groups that will each tackle completely different parts of the market.

 

TweakTown image news/3/5/35143_08_lenovo_splits_itself_into_four_business_groups.jpg

 

Yang Yuanqing, Chairman and Chief Executive of Lenovo, said "Today, Lenovo is in one of the most important and exciting phases in our history. We are the number 1 PC company in the world. We are number 3 in Smart Connected Devices (PC, tablet, smartphone). And we just announced the intent to make an acquisition that will make us a significant competitor in the enterprise space".

 

Lenovo will split into four completely different business groups, as follows:

 

PC Business Group (including Lenovo and Think brands), led by Gianfranco Lanci, who currently leads Lenovo EMEA. The business unit will continue to sell PCs and ensure that they offer value to both traditional users of Think-branded machines as well as offer modern functionality.

 

Mobile Business Group (smartphone, tablet, smart TV), led by Liu Jun, who currently leads the Lenovo Business Group (consumer and mobile products). This group is focused on making Lenovo a profitable global player in the smartphone and tablet markets and developing the company's smart TV business.

 

Enterprise (including servers and storage), will be led by Gerry Smith, who currently leads Lenovo's Americas Group. The goal of this group is to aggressively build a new, fast-growing profit engine in enterprise, where we already have a solid foundation. Pending regulatory approvals, the business represented by the recently announced acquisition of IBM's x86 server business would be integrated into Mr. Smith's organization.

 

Ecosystem and Cloud Services (including both Android and Windows opportunities), led by George He, senior vice president, Lenovo, who currently serves as Chief Technology Officer. The goal of this group is to continue building Lenovo's China ecosystem and drive a strategy for monetization and ecosystem expansion.

EA posts $308 million loss for Q3 2014

Electronic Arts has posted its fiscal Q3 2014 results, where the company reported a net revenue of $808 million, compared to $922 million reported in

the same quarter of last year.

 

TweakTown image news/3/5/35127_02_ea_posts_308_million_loss_for_q3_2014.jpg

 

The company reported that 50.7% of its $808 million in revenue came in from digital sales, which is a massive point. $410 million, over 50%, came in from non-physical sales. EA is also reporting a trailing twelve-month total revenue of $3.66 billion, with a projected revenue for the entire of fiscal 2014 of $3.52 billion.

Over one billion smartphones were shipped last year

Last year was a massive year for smartphones, with over one billion smartphones shipped last year. The International Data Corporation has some data that shows that 1,004.2 million smartphones were shipped last year.

 

TweakTown image news/3/5/35109_02_over_one_billion_smartphones_were_shipped_last_year.jpg

 

This is an increase of 38.4% from last year, where 725.3 million smartphones were shipped. Of those 1 billion smartphones shipped, Samsung held the lions share with 313.9 million handsets, increasing its market share from 30.3% to 31.3%. Apple took second place with 153.4 million iPhones shipped over the course of 12 months.

 

Apple's market share slipped however, from 18.7% to 15.3%, even with it posting a record number of iPhones in the last quarter. Huawei, LG, and Lenovo did not mind though, as they scooped up that lost market share. Huawei shipped 48.8 million, LG shipped 47.4 million, and Lenovo pushed out an impressive 45.5 million smartphones in the quarter.

Latest Tech News Posts

View More News Posts

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases