Verizon announces $1.83B Q2 profits, rising revenues due to smartphones and FiOS

July 19, 2012 7:26 AM Ed Sutherland
Ed Sutherland

Verizon Wireless posted encouraging second quarter numbers, bolstered by increased revenue from smartphone sales and the shift from copper to fiber optics’ FiOS for wireline and Internet customers. The No. 1 U.S. mobile carrier announced Thursday a $1.83 billion quarterly …

Apple saves billions in taxes through very creative accounting, says NYT

April 28, 2012 10:27 PM Devindra Hardawar
Devindra Hardawar

As one of the most profitable companies in the world, it’s hard not to think that Apple would try to reduce its taxes wherever possible. But according to a detailed report today by the New York Times, the company is …

Sony forecasts record $6.4B loss as Samsung overtakes it in U.S. HDTV demand

April 10, 2012 8:08 AM Devindra Hardawar
Devindra Hardawar

The pressure is building on new Sony CEO Kazuo Hirai to shape up the electronics giant. The company announced this morning that it will see a record $6.4 billion loss for the 2012 fiscal year (which ended in March) due …

Apple captures 52% of phone industry profits with just 4.2% of the market

November 4, 2011 1:08 PM Devindra Hardawar
Devindra Hardawar

Even though Android is handily winning the mobile market share battle, Apple is still trouncing everyone else when it comes to actually making money from its phones.

In the last quarter, Apple snapped up 52 percent of total handset industry …

Apple now world’s No. 1 smartphone vendor, has more cash than US gov.

July 29, 2011 7:19 AM Devindra Hardawar
Devindra Hardawar

This past quarter has been very good to Apple.

The company is now the world’s number one smartphone vendor, beating out both Nokia and Samsung, research firm Strategy Analytics announced this morning.

Additionally, Apple’s $76 billion cash war chest is …