What do you know: China Unicom just coughed up some first weekend sales numbers for the iPhone and…well, they’re not much to look at, despite what I said earlier. The carrier sold just 5,000.
What a nice way to top off an already big week.
Posting first-quarter financials before market opening this morning, Microsoft said it earned 40 cents a share on revenue of $12.92 billion, besting analyst estimates that had called for a profit of 32 cents a share and revenue of $12.4 billion.
Nonetheless, the software giant still saw both profits and revenue decline for the third quarter in a row.
IBM continues to be one of the econalypse’s success stories. This afternoon, the company beat analyst expectations, posting a third-quarter profit of $3.2 billion, or $2.40 a share, on revenue of $23.6 billion. Net income was $3.2 billion, up 14 percent from year-ago earnings of $2.8 billion.
Palm CEO Jon Rubinstein likes to say smart-phone makers “don’t have to beat each other to prosper,” but it’s beginning to look like they–or, rather, Palm–might have to. Because while the Pre may have put Palm back in the game, it’s not clear how long it can keep it there.
Post-Pre launch, Palm may be, in the words of CEO Jon Rubinstein, “exactly where we hoped we would be.” But how long the company will stay there is an open question. Because according to Pali Research, Pre sales slowed again last week.
Looks like Piper Jaffray analyst Gene Munster’s second estimate of Apple’s weekend iPhone sales underestimated demand just as badly as his first. Apple didn’t sell 500,000 units of the iPhone 3GS over the weekend, as Munster first predicted. Nor did the company sell 750,000 as he said in a research note this morning. It sold over one million. Moreover, downloads of Apple’s new iPhone 3.0 software, launched last Wednesday, have already reached six million.
Good apparently isn’t good enough for RIM investors. The BlackBerry maker reported earnings for its first fiscal quarter that rose 33 percent to $3.42 billion on strong sales. And while that was in line with the Street’s $3.41 billion consensus estimate, the company’s shares slipped nearly five percent in after-hours trading.
YouTube may be losing money, but it’s not losing nearly as much as some claim. Certainly not the $470 million that Credit Suisse projected in April, citing massive infrastructure costs. According to IT research outfit RampRate, a more realistic assessment of YouTube’s operating loss for 2009 is $174 million, nearly $300 million less than Credit Suisse’s estimate.
In its second quarter, Oracle managed to hit Wall Street’s earnings targets despite the souring economy. Will it manage to do so again in its third? That’s not clear. But, by some accounts, the company’s third quarter is shaping up to be an ugly one–-the company’s worst since the early ’90s.
Though Wal-Mart has made no official announcement regarding the reportedly imminent arrival of Apple’s iPhone on its shelves, it would seem that the big-box retailer will begin peddling the device before the year is out. If that’s the case, how many iPhones is Wal-Mart capable of selling?
John Paczkowski has been poking fun at the tech industry and the personalities that drive it since 1997. From 1999 to 2007, he wrote the award-winning tech news Web log Good Morning Silicon Valley for the San Jose Mercury News, Silicon Valley's daily newspaper. Read more »
Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.
While the technology behind the Telephone is new, the design is reassuringly old-fashioned, reminiscent of a phrenologist’s horn or ear-candle in form. We found the experience far more comfortable than the one we had with the Telegraph.
12:58 AM: Breakfast: Two schools of fish from Tokyo Bay. Calories: 782,000. How I was feeling when I ate this: confused, irradiated, hating my size.
11:37 AM: Exercise: “Taxi Stomp” (alternating legs, for 30 blocks). Calories burned: 148,900,183.
1983. The Beatles announce their first tour in thirteen years, but likewise announce that Michael Jackson will be going on tour with them as a one gigantic mega-concert event.
Best video mashup ever.
A Facebook Memorial
Wow.
Worth it for the Rickrolling photo alone.
Excellent.
Flughumor!
… you vacuous, toffee-nosed, malodorous perverts
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