earnings

Wii U getting updates, new games

Wednesday's CNET Update:

Stories mentioned in today's tech news roundup:

- Nintendo announced several updates and new games for the Wii U console.

- GigaOM's report on DIAL, a protocol being worked on by Netflix and YouTube for second-screen apps.

- Google beat analyst expectations by reporting its first-ever $50 billion year.

- Tumblr: Actual Facebook Graph Searches

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Apple CEO downplays reports of iPhone component cuts

After a week of silence, Apple has weighed in on reports that it cut orders on components for production of future iPhone. As in, it's not happy about them, but it's not about to confirm or deny them.

According to chief executive Tim Cook, the company's supply chain is "complicated," and so people shouldn't look too deeply into any one aspect of it to see the bigger picture.

"Even if a particular data point were factual, it would be impossible to interpret the data point for what it means to our overall business,&… Read more

Apple shares take a tumble after earnings report

Apple investors hoping for a nice stock boost following fiscal first-quarter earnings are likely pretty disappointed right now.

Shares, which have already been under pressure in recent weeks, slid about 10 percent in late trading after the Cupertino, Calif., electronics giants failed to post quarterly results that were as strong as hoped. Shares initially slid about 5 percent after the report, but losses accelerated during Apple's conference call.

Revenue for the first-quarter ended in January was weaker than analysts expected, as were the company's projections for second-quarter sales. And iPhone sales, while a record, also weren't quite … Read more

Apple's monster Q1 earnings still fall short on Wall Street

Apple just reported its first quarter earnings, and they were huge, though they missed Wall Street's expectations.

The iPhone and iPad maker posted revenue of $54.5 billion and earnings of $13.1 billion, or $13.81 per share. That was just below the $54.7 billion and slightly above the earnings per share of $13.44 Wall Street was expecting, but above the $52 billion and $11.75 per share Apple forecast for itself back in October.

Apple sold 47.8 million iPhones during the quarter, which ended in December. Sales of the iPad came in at 22.… Read more

Apple sells 47.8M iPhones in Q1

Apple closed out 2012 on a high note with its iPhone sales, but many fear its momentum is already beginning to peter out.

The Cupertino, Calif., company said today that it sold 47.8 million iPhones in the fiscal first quarter (or the last quarter of the calendar year). The results were above analysts' average projected sales of 46 million to 47 million units, although many analysts had higher estimates, and were left disappointed. It sold 37 million units a year ago.

What remains to be seen is whether the iPhone 5 can keep up with the pace of sales … Read more

AMD limps through Q4, and 2013 doesn't look much better

Chipmaker AMD suffered yet another brutal knock to its financials as it came crashing to the end of the 2012 fiscal year with yet another poor quarter.

The chipmaker reported a fourth quarter net loss of $473 million, or 63 cents a share, on revenue of $1.16 billion, down by 32 percent from a year ago. Non-GAAP earnings were 14 cents a share.

Wall Street expected AMD to report a fourth quarter loss of 20 cents a share on revenue on $1.15 billion. 

For the year ending December 29, AMD reported a net loss … Read more

Google boasts 4 billion hours of YouTube viewing per month

YouTube viewers watched 4 billion hours of the site's videos per month in 2012, a Google executive boasted during Google's fourth-quarter earnings call today.

Nikesh Arora, Google's senior VP and chief business officer, highlighted the big number along with a bunch of other favorable YouTube figures.

The video-hosting service is now available on 400 million mobile devices, Arora said, adding that "YouTube is well positioned for today's multiscreen world."

He said video has been a "key" element for advertising brands. YouTube saw a bump in advertising last year. Its top 100 advertisers … Read more

IBM profit, revenues hold up in tough quarter

IBM's fourth quarter was better than expected on both the bottom and top lines.

IBM reported fourth quarter earnings of $5.8 billion, or $5.13 a share, on revenue of $29.3 billion, down 1 percent from a year ago. Non-GAAP earnings were $5.39 a share.

Wall Street was expecting IBM to report fourth quarter earnings of $5.25 a share on revenue of $29.08 billion. For 2012, IBM reported earnings of $16.6 billion, or $14.37 a share, on revenue of $104.5 billion, down 2 percent from a year ago.

Overall, IBM weathered … Read more

Motorola's $353M Q4 loss weighs on Google results

Google's Motorola unit continues to struggle, posting a loss of $353 million in the fourth quarter and besmirching the Internet giant's other profitable results.

Excluding one-time items, the unit posted a loss of $152 million.

A year ago, when Motorola was still an independent company, it posted a net loss of $80 million and an adjusted profit of $61 million.

Its revenue, meanwhile, came in at $1.51 billion down from $3.4 billion a year ago.

The results were affected by Google's decision in December to sell the home set-top box portion of Motorola to Arris Group … Read more