Microsoft profit up 60% to 6.7bn
Microsoft Corp. said on Thursday that the company’s earnings in the most recent quarter jumped as mush as 60 per cent. The earnings have reportedly been boosted by the rebound in personal computer sales.
During the holiday shopping season back in 2009, the sales of PC industry bounced back after almost a year long rough sales.
Microsoft’s earnings have been closely tied to computer sales because its two most profitable divisions make the Windows OS and the Office business software.
Microsoft’s net income for the second financial quarter, ending Dec. 31, rose to USD 6.7 billion as compared to the USD 4.2 billion in the year-ago period.
The company revenues grew 14 per cent to USD 19 billion.
The revenue from Windows grew 70 per cent as the latest version of Windows, called Windows 7, was released during the quarter.
Samsung aims to quadruple LED-backlit TV sales
South Korea’s Samsung Electronics announced on Sunday that its aiming to quadruple its sales of LED-backlit flat panel televisions to 10 million units this year.
The world’s leading LCD (liquid crystal display) television maker, Samsung, told that in the preceding year, 2009 it sold 2.6 million of the LED-backlit televisions. These television sets use light emitting diodes. This figure indicated 0.6 million units sold more than the company’s initial target of two million.
In a statement released on Sunday, the company said, “Samsung plans to make an aggressive move to help its LED (backlit LCD) TV lineups make up more than half of its total TV models this year.”
It also stated that the company is expecting the sales of its LED units to grow fourfold to around 10 million units in 2010, clearly representing that they are rapidly superseding traditional LCD televisions in the fast growing global market.
Also, the company said that it planning to expand its LED range from three models currently to eight this year.
According to Samsung, their LED-backlit televisions have thinner screens and consume less electricity than other existing flat panel televisions.
Samsung also revealed that it is planning to unveil three-dimensional LED-backlit models at an electronics fair starting in Las Vegas on Thursday.
BlackBerry posts $643 million profit
BlackBerry’s makers Research In Motion (RIM) have reported a net profit of $643 million for the first quarter of the current financial year. However, the company’s quarterly revenue figures slipped from $3.46 billion to $3.42 billion from the previous quarter.
The profit figures are up from $518.3 million as reported during the previous quarter and the revenue of the company has grown by almost 53% from $2.24 billion as compared to the figures last year.
During this time, BlackBerry has reportedly added about 3.8 million net new subscribers’ accounts, taking the total to a staggering 28.5 million users.
According to figures released, the company has sold over 7.8 million smart phones during the past quarter. These sales have accounted for 81% of RIM’s revenue.
The Waterloo based wireless communications giant also forecast the second quarter revenue to be in the range of $3.45 to $3.70 billion, adding new 4.1 million subscribers in the next quarter.
According to RIM co-CEO Jim Balsillie, “The industry leading BlackBerry product portfolio is driving strong customer demand around the world and our penetration of new market segments continues to expand.”
Android expected to overtake iPhone by 2012 : Study
Acoording to the new report published by market researcher Informa Telecoms and Media, the sales of Google’s Android smartphones are expected to exceed the sales of Apple’s iPhone by the year 2012.
Web giant Google released the first beta developers’ kit for its Android Operating System platform in August last year. The first handset, the G1 smartphone was launched the following month, September. Their second handset, the Magic, is expected to arrive next month.
On the other hand, Apple’s iPhone was first launched in the U.S. in June 2007. The iPhone 3G phones hit stores last July, barely a few months before the launch of its Google rival.
However, both of the two smart phones are faring far better than the Symbian OS. In fact the two, along with BlackBerry OS, Linux and Windows Mobile are gaining huge popularity in the market over the oldest in the field.
According to Informa, last year’s smart phone sales were as high as 162 million units and for the first time the figures surpassed the annual laptop sales. The analyst forecasts smartphone penetration is expected to reach 13.5 percent of new handsets sold this year.
According to Gavin Byrne, a research analyst at Informa, “The smartphone segment is not as simple as it was a few years ago. In 2008 there were almost 162 million smartphones sold, surpassing notebook sales for the first time. The decision to move the Symbian platform to open source is crucial in maintaining its leadership over Android, Linux and Microsoft.”
He further added, “While demand in the mid tier will fall away during 2009, sales of new smartphones will grow by over 30 per cent to 211.2 million units, driven by innovative new devices and operator subsidies designed to promote mobile data consumption.”
The research also suggests that the smartphone sales will continue to be immune to the global economic downturn, maintaining “robust growth” of 35.3 percent, year-on-years; however the total handset sales will not be so resilient and are set to fall 10.1 per cent.
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