profitability
Netflix Goes Nordic, With Plans To Launch In Norway, Denmark, Sweden, And Finland Later This Year
techcrunch.com
Netflix announced during its second-quarter earnings call that it would continue expanding overseas with a new market in the fourth quarter, and now we know where it’s going: The streaming video company just announcing that it will be launching in four Nordic countries by the end of the year. As...
HP's big layoffs will only go so far
www.zdnet.com
HP will need to lay off workers to boost its profitability, but then reinvest the savings in more lucrative markets....
Best Buy posts mixed Q4 earnings, plans to close 50 U.S. stores
www.bgr.com
Best Buy on Thursday reported results for the fourth fiscal quarter of 2012. The nationwide retail giant had missed Wall Street’s estimates in both the second and third fiscal quarters, and it posted mixed results in the fourth quarter. Revenue came in at $16.6 billion compared to analysts’ consensus...
Apple's iPhone Business Alone Is Now Bigger Than Microsoft
www.businessinsider.com
Tech writer MG Siegler just noted a remarkable fact: Apple's iPhone business alone is now bigger than Microsoft. Think about that. The iPhone did not exist five years ago. And now it's bigger than Microsoft. Not Windows. Not Office. Microsoft. The iPhone also appears to be considerably more profitable...
Fab, A Design Site That Raised $156 Million To Compete With Ikea, Now Has 10 Million Members
www.businessinsider.com
Fab's CEO and co-founder, Jason Goldberg, put together a year-end review of the design sale site.Fab now has 10 million members and its products are sold in 26 countries. Goldberg also says that 4,320,000 products have been sold to date, and the site had numerous $1 million sale days in...
Clearwire May Dump WiMAX
gigaom.com
Clearwire said today it’s changed the terms of an agreement it had with Intel, one of its largest investors, that could lead the way for Clearwire to dump WiMAX and switch to LTE. On its first-quarter financial results call today, an executive with Clearwire said the new terms allow...
Groupon Earnings: Is the Cute Email Company Ready to Be a Real Business?
pandodaily.com
Groupon has had a rough quarter. A rough year, even. No clear road to profitability, a disastrous accounting mistake, that beer-swilling meeting. The stupid Earth Day email. The company has become a punch line and cautionary tale. Even the Daily Deals summit–an event created for an industry created by Groupon–was...
AOL's Hyperlocal Effort Patch Misses $40M-50M Sales Target, Partly Because Of Sandy, Still Aiming For Profitability In 2013
techcrunch.com
AOL’s Q4 earnings today saw that company (which owns TechCrunch) finally make a turnaround, after 8 years of decline, into revenue growth, with overall sales of $599.5 million. But there are still a lot of areas that are seeing flat or declining revenues, and some that are loss-making: among those...
AOL's Hyperlocal Effort Patch Misses $40M-50M Sales Target, Partly Because Of Sandy, Still Aiming For Profitability In 2013
Nokia sold 4.4 million Lumia smartphones in 'solid' Q4 2012; results 'exceeded expectations'
thenextweb.com
Straight out of left field, Nokia has today announced that its fourth quarter of 2012 was surprisingly solid, making its stock price spike. Revealing its preliminary financial results for Q4 2012, Nokia says ‘Smart Devices’ net sales came in at approximately 1.2 billion euros, with total volumes of 6.6 million...
Ultrabook prices to remain high through 2012, drop in 2013
www.bgr.com
Ultrabooks will remain pricey through the end of this year, with ideal pricing of $600-$700 finally being reached in 2013 according to Digitimes. Due to the high production cost associated with the computers — especially solid state drives, which are 10 times more expensive than traditional hard drive —...
This Startup Opened An Office In Seattle Specifically To Poach Ex-Microsoft Staff (MSFT)
www.businessinsider.com
PaperG, a startup dedicated to giving small and medium-sized businesses a self-serve platform to create full-blown web and mobile banner campaigns in seconds, has opened an office in Seattle simply to poach talent that's bailing out of Microsoft Advertising, CEO Victor Wong tells us. Microsoft's advertising unit has had a...
Digital Gifting Startup GiftRocket Hits Profitability, Announces API And Reduced Fees
techcrunch.com
GiftRocket, a 2011 Y Combinator grad, is a simple P2P digital gifting service that lets users send and receive digital gift cards via email. Originally, the startup was focused around location-based gifting, allowing friends to send each other digital gift cards that could be accessed once they checked-in to a...
AOL Promotes CFO Artie Minson To COO, Puts Him In Charge Of Three Major Divisions (AOL)
www.businessinsider.com
AOL CFO Artie Minson got a promotion today, becoming the company's COO. In his new role he's overseeing three business divisions: Advertising, Content, and Mail. He's going to have to figure out to get the company growing. AOL is looking for a new CFO to fill his old slot. Here's...
Cisco Cautious Despite 22% Rise in Income
bits.blogs.nytimes.com
Cost-cutting measures aided profitability, but the company warned that it faced "a cautious" environment for corporate spending on information technology. Read more »...
FACEBOOK FALLOUT: Y-Combinator's Paul Graham Just Emailed Portfolio Companies Warning Of 'Bad Times' In Silicon Valley
www.businessinsider.com
Facebook has flopped on the public markets, and now we have vivid evidence of how badly Silicon Valley is reeling in the fallout. Paul Graham, cofounder of Silicon Valley's most important startup incubator, Y-Combinator, has sent an email to portfolio companies warning them "bad times" may be ahead. He warns:...
FACEBOOK FALLOUT: Y-Combinator's Paul Graham Just Emailed Portfolio Companies Warning Of 'Bad Times' In Silicon Valley
Audio Equipment Site Unique Squared Raises $1 Million
pandodaily.com
Unique Squared, a music gear ecommerce company, has raised $1 million in venture backing, according to an SEC filing. The Atlanta-based company launched operations out of its founder’s basement in 2007 with a $6,000 investment and hit profitability later that year. Founders Paul D’Arrigo, Eugenio Fernandez and Richard Scalesse...
The Dealmaster, Black Friday edition: A plethora of awesome deals!
arstechnica.com
Happy post-turkeypocalypse, fellow Arsians! Are you prepared for the utter madness that is Black Friday? This day, so named because it is supposedly the day that retailers push into profitability for the year, features consumers rushing out into the streets and trampling each other in order to achieve maximum savings....
Groupon’s First Public Quarter: Overvalued, Schmovervalued
pandodaily.com
Groupon has released its numbers ahead of its first ever quarterly earnings call and as expected, they’re not terrible. The company earned $506.5 million, a 194% increase over last year. Doubling its revenue is impressive but it shows slowing growth–this quarter last year Groupon had grown revenue by 400%. A...
The three P's of a pivot
venturebeat.com
You can’t read an article on a startup these days without hearing about a “pivot.” A pivot is just as it sounds, a swivel, a twist, a change of direction. Turning on an axis and swapping direction without dismissing the core idea. It’s a tricky proposition, but more startups are...
Tumblr's David Karp Apparently Doesn't Consider Profitability a Particularly Important Metric
betabeat.com
Man with the plan? (Photo: Twitter/SuccessMag) When you’re as stylish as Tumblr CEO David Karp, who needs to sweat the small stuff? Case in point: his company’s profitability. During an interview at a conference hosted by paidContent, he informed the audience that Tumblr isn’t making money—but it’s “not a metric that is...
Tesla Shares Are Going Bonkers Again (TSLA)
www.businessinsider.com
Tesla's rally continues. The stock is up over 10% in the first minutes of trading to $97.03. Tesla reported its first ever quarterly profit and crushed earnings expectations on May 8. The stock closed at $55.79. It opened at $70.12 Friday morning. Consumer Reports gave it a 99/100 - the...
Logitech to sell Harmony remote division after 'unacceptable' Q3 results
www.theverge.com
Logitech has posted its financial results for Q3 2013, and they're not too encouraging: the company made an operating loss of $180 million off sales of $615 million. Retail sales were down 14 percent year on year, and CEO Bracken Darrell has announced plans to take "decisive action" on...
Despite Slower-Than-Expected Subscriber Growth, Netflix Pushes Forward With International Plans
techcrunch.com
Netflix announced that it returned to profitability in the second quarter, after a slight dip into the red during the prior three-month period. But despite slower-than-expected subscriber growth, the company said it is committed to pushing forward into a new market in the fourth quarter. Netflix added almost 600,000 international...
Facebook's Editor Decides It Doesn't Need Editors
www.fastcompany.com
Facebook's managing editor is leaving, but where does that leave its "news" feeds? Dan Fletcher, Facebook's managing editor, has said he's leaving the company in April to develop his own startup. Speaking at an event in Washington State University, Fletcher went as far as saying he thought the "biggest...
Groupon unveils Merchant Impact Report, a free service so merchants can justify their Deal performance
thenextweb.com
Groupon has launched a new free tool for businesses called the Merchant Impact Report. Beginning today, those businesses that participate with the daily deals company can check to see how well their deal is performing, gain customer insights, and review a profit calculator. Groupon says that it’s letting local businesses...
Groupon unveils Merchant Impact Report, a free service so merchants can justify their Deal performance
Research In Motion Posts Small Gain, Loses Subscribers
allthingsd.com
Research In Motion Ltd. posted a small net gain in its fiscal third quarter, swinging back to profitability after several quarters of losses. The results bolster its cash position ahead of the rollout of its latest phones, due out next month. RIM reported, however, that it had lost about one...
Microsoft Facing Quarterly Loss On Failed Ad Business
www.fastcompany.com
News updates all day from Fast Company.Microsoft is writing down $6.2 billion on its 2007 purchase of aQuantive, an online ad serving system. According to the Guardian this places the software giant at risk of an accounting-based quarterly loss (when its sales and profitability had aimed it at a profit...
Chinese smartphone maker Xiaomi hits $158m in revenue, 500,000 monthly shipments
thenextweb.com
Apple may be the company generating headlines from its Chinese smartphone efforts but lesser known Chinese manufacturer Xiaomi‘s business is taking off impressively. The firm introduced its $320 MI-One device last year, and it is now seeing revenues of $158 million and is shipping half a million handsets each month. The...
Zynga Reports Higher Revenues, Loss in First Quarter
allthingsd.com
Zynga reported a net loss of $85 million, or 12 cents a share on revenues of $329 million, in the first quarter ended March 31. When excluding some charges, including stock-based compensation, the company’s non-GAAP earnings totaled 6 cents a share, beating analyst expectations of 5 cents a share. Revenues...
Milyoni gets $11 million to put movies on Facebook
www.bizjournals.com
Milyoni Inc., a startup that among other things streams Hollywood movies to Facebook pages, has raised $11 million led by Oak Investment Partners . Founded in 2009, Pleasanton-based Milyoni started as a merchandising platform on Facebook, but changed direction to focus on distribution of video and films on the social...
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