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Apple Beats Expectations Again, Sells 35M iPhones

Tue, 24 Apr 2012 16:08:20 CDT

Apple, the world's most valuable company, is trumping skeptics once again by reporting blow-out iPhone sales. Apple says it sold 35 million iPhones in the quarter, almost twice as many as it sold a year ago and above analyst expectations. Company shares were down before the report because investors believed...

Guess How Much Facebook Makes Off You?

Kevin Spak — Tue, 24 Apr 2012 09:35:50 CDT

Ever wonder how much money you're worth to Facebook? Earlier we reported that the social network supreme had a really lousy quarter , but Tech Crunch dug deeper into the numbers and did this interesting bit of math: Facebook reported having 901 million users and $1.058 billion in revenue. So...

Facebook Reports Lousy Q1 Ahead of IPO

Kevin Spak — Tue, 24 Apr 2012 04:03:00 CDT

People planning on snapping up Facebook shares in its upcoming IPO got a nasty surprise as the company announced its first quarter-to-quarter revenue and profit slide in at least two years. Facebook blamed the drop on seasonal advertising trends, but "it was a much faster slowdown than we would have...

VW Reports Record Profit

Kevin Spak — Fri, 24 Feb 2012 08:26:05 CST

Volkswagen reported a record annual profit today, as its net income more than doubled last year. The company sold 8 million vehicles for the first time in its 75-year history, the New York Times reports. While its full report won't be out until March 12, initial numbers released today show...

Chrysler Roars to $225M Profit

Kevin Spak — Wed, 01 Feb 2012 10:21:03 CST

Call it a comeback if you want, because it looks like Chrysler is finally back on its feet. Detroit's smallest automaker posted a $225 million profit today to complete its first profitable year since its bankruptcy and bailout in 2009, the New York Times reports. The profit came on the...

Google Earnings Disappoint

Thu, 19 Jan 2012 17:58:24 CST

What was supposed to be a celebration of the most prosperous quarter in Google's 13-year history instead turned into a major letdown. The disappointment came with today's release of fourth-quarter earnings that showed the Internet search leader fetched less money per click on its ubiquitous online ads. That came as...

Goldman Posts $428M Loss

Kevin Spak — Tue, 18 Oct 2011 08:22:54 CDT

It was a bad three months to be a vampire squid: Goldman Sachs reported a $428 million third-quarter loss today, or 84 cents a share—far worse than the 16 cents per share that analysts were expecting, according to Reuters . The blow came largely thanks to $2.48 billion in...

Apple Profit Shoots Up 125%

Kevin Spak — Wed, 20 Jul 2011 08:23:54 CDT

Apple shocked analysts yesterday by posting a whopping 125% leap in its fiscal third-quarter profits—a feat it achieved without releasing any major new products in the past six months. And with a number of new products scheduled for the second half of 2011, this could be just the tip...

Apple's Revenue Surges on Brisk iPad Sales

Tue, 18 Jan 2011 16:18:21 CST

Apple said its net income for the most recent quarter rose 78% as holiday shoppers snapped up more iPads than analysts anticipated. The company sold more than 7 million iPads, about a million more than expected. It also sold more than 16 million iPhones in the quarter. The rosy news...