90 million unique visitors a month has to be good for something. But so far Reddit hasn't been able to stay consistently profitable even with all those people (yeah, you) banging down the door.
HTC's fortunes aren't going so well. At the start of the year, the company announced a 22 percent decline in operating income, year-on-year. Today, it's had the misfortune to announce that its second quarter net profits for 2012 are down a hideous 57 percent compared to the year before.
Not in the hilarious sense, of course, but in market cap. Turns out the iPad-pumping, MacBook Air-refreshing Cupertino company is on track to surpass profit-happy Exxon Mobil as "most valuable company" if the iPhone 5 is a hit. "If." [Electronista]
Having already bested the rest of the mobile industry in profits and revenue, Apple has finally snatched the #1 spot by volume, making it the biggest smartphone producer in the world for the first time. Apple shipped 20.3 million iPhones in the 2nd quarter, while former #1 Nokia dropped 34 percent to 16.7 million in…
In today's Remainders: feats of amazement. Superman's first comic book appearance sells for $1.5m at auction; RIM posts its most impressive quarter ever; Shakespeare's Romeo and Juliet performed...over Twitter; researchers create a full-screen Braille display; and more.
The $500 16GB, Wi-Fi only iPad costs Apple less than half that to build, according to a recent component breakdown from iSuppli. And for the 64GB 3G iPad, Apple clears nearly $500 in profit. Here's how it breaks down:
HP reported their quarterly earnings today, and managed to beat expectations across the board, almost half a billion dollars above analyst predictions. Due to the positive news they've ramped up expectation for 2010 by $1-2 billion. Suck it, recession! [ZDNet]
Sony, just about the biggest and most far-reaching electronics manufacturer around, announced a first-quarter loss of $390.5 million. They've been taking a beating across the board from Apple, Nintendo, Nokia, Canon and Samsung, and aren't excelling in any one field.
Microsoft announced today that its quarterly revenue and earnings per share dropped in the quarter ending March 31st. It's the first time in Microsoft's history that their sales have actually fallen. Correction:
Motorola's revenues were down 19% from a year earlier, reporting a second quarter loss of $28 million. You'd think making the same phone 19 times would guarantee big money, but we guess not! As we said around the RAZR2 launch, the phone is just another RAZR design evolution, not something drastically different enough…