profits

  • Bloops! Motorola loses $3.6 billion

    Bloops! Motorola loses $3.6 billion

    Motorola lost $3.6 billion last quarter with revnue of $7.14 billion, 26 percent down from the same time last year. The biggest decline was in mobile phones with a 51 percent decline in revenue. Read More

  • Sprint Nextel At A Loss For Q1

    Sprint Nextel At A Loss For Q1

    What a shock. I am stunned. The carrier with the coolest phones, most awesome rate plans, and best service ever, Sprint Nextel, posted a loss for Q1 of 2007. Well a company as awesome and rad as Sprint Nextel couldn’t have lost that much cash, right? Try $211 million. Sprint Nextel blames lackluster sales and the loss of high-quality subscribers for the loss. Word is that a lot of… Read More

  • Motorola To Make A Killing Off You Through Cost Cutting

    Motorola To Make A Killing Off You Through Cost Cutting

    We all should know by now that the way a business makes money is by manufacturing a product at a low cost, then inflating the price by 200% and selling it to consumers. But Motorola doesn’t just want your money, it wants to cut costs on cheap mobile phones by $2 to $5 so that each phone they sell nets them an extra $2 to $5 per sale. Sad, but true. CEO Ed Zander has said, “We want… Read More

  • Circuit City Closing Up Shops

    Circuit City Closing Up Shops

    I have to admit, this news isn’t as shocking as it should be to me. Circuit City has fewer stores than Best Buy in my area and they’re always empty. The electronics retailer says it’ll be closing eight stores in the US, 62 in Canada and a distribution center in Kentucky. The move comes as Circuit City tries to reduce costs among falling profits. About 270 employees total will… Read More

  • Better Use That Best Buy Gift Card Soon

    Better Use That Best Buy Gift Card Soon

    In case you haven’t been paying attention to multiple consumer warnings about gift cards, consider this your final warning. Best Buy reported a $43 million profit for fiscal year 2006 thanks to gift cards that haven’t been used in two years. Seriously people. Wake up, smell the coffee and check your wallets. Best Buy isn’t the only retailer making a killing off unused… Read More