Sony is owning the web today with its powerful-looking PSP2 and the Playstation Suite cross-device platform for game distribution on Android devices. But what about Nintendo, which caused quite a splash itself with the 3DS announcement recently? Big N announced [PDF] its quarterly financials today, and things are looking OK at best. → Read More
Financially speaking, Sony had to go through some rough patches in the last few years. But if The Nikkei, Japan’s largest business daily, is to be believed, things are beginning to look brighter. Sony is seen bouncing back in the April to June quarter of this year, with a a group operating profit of $115 million to $345 million in that time frame. → Read More
Woof. Analysts have placed a sell rating on Palm and are now valuing their stock, at least in hyperbolic terms, at $0. Quoth CNN:
Shares of Palm (PALM) plunged 19% to $4.59 a share early Friday, a new 52-week low. Investors are becoming increasingly pessimistic about the company’s future and several analysts downgraded their positions on the stock to “sell.” Two analysts even lowered their price… → Read More
Sony isn’t the only electronics powerhouse reporting good news from the financial front these days. Today Panasonic, which, as you will remember, recently acquired Sanyo for $4.4 billion, announced it returned to profit in its fiscal third quarter (October to December 2009), too. The company’s profit nearly quadrupled to $1.1 billion, while revenue almost stayed the same at $20.1 billion in that… → Read More
Sony hasn’t been able to report good news on the financial front for quite some time, but now it looks like things changed to the better. The company today said ["Sony Global Earnings Releases" in English] in Tokyo it returned to the black in the October-December quarter (Sony’s fiscal year ends March 31) with a handsome $1.6 billion operating profit.
This is Sony’s first operating profit in… → Read More
And… it’s… outta here. TiVo is down to less than three million subscribers and they sold about 500 DVRs a day last quarter, giving it 8% of the 38 million US DVR market. That’s not much.
It seems the Palm Pre is too little, too late for Sprint. According to Sprint’s Q2 financials for 2009, they’ve lost nearly $400 million dollars, and “total wireless customers declined by approximately 257,000.” It’s not all doom-and-gloom, though! Sprint can smile about “18 consecutive months of improvement in Customer Care Satisfaction and First Call Resolution”! → Read More
Has Nintendo finally exhausted all the momentum out of the Wii and DS? DeutcheBank seems to think so, which earlier today downgraded its rating of the Japanese super-happy-fun company to “sell.” The logic is pretty simple: odds are this is as good as it gets for Nintendo, so investors would do well to cash out now, and collect whatever profit it is they’ve accrued over the past few years. → Read More
[photopress:wowfacebook.jpg,full,center] If we believe the numbers that came out yesterday showing that Facebook makes $150 million in total revenue, then we’ll have to question that $15B rating the site has earned. Analysts are now starting to realize what we’ve been saying for quite some time, that people on social networks aren’t there to buy stuff, but to screw around with… → Read More