Affiliate Programs and Affiliate Reviews
Motorola Mobility revealed its quarterly earnings for its first fiscal quarter of the year Tuesday, reporting a slightly higher net loss than last year. The company lost $86 million, or 28 cents per share, compared to $81 million, or 27 cents per share, for the same time a year ago. Smartphone sales were slightly up.
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Amazon’s first fiscal quarter surprised shareholders Thursday by beating performance expectations. Investors sent shares upward even though the online retailer reported a 35 percent drop in net income. Amazon announced a net income of $130 million, or 28 cents a share, for its latest quarter.
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Nintendo has reached a dismal milestone: For the first time ever, it posted a fiscal year operating loss — down $458 million for the year just ended. It is an ignominious turn of events for the company, which created legendary games like “Super Mario Brothers” and innovative devices like the Wii. It’s clear that not even Nintendo could withstand the paradigm shift that mobile devices have triggered.
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Mobile carrier Sprint Nextel reported deep losses amounting to $863 million in the first quarter of this year, but the company’s results actually beat Wall Street expectations. And since it began offering Apple’s iPhone as of last October, Sprint added a net 263,000 subscribers. However, this has come at a price. To acquire the iPhone, Sprint agreed to a $15.5 billion deal with Apple to carry the handset over the next four years.
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What a difference a year makes. Netflix, the tech industry’s golden child last spring, has been struggling to overcome a series of missteps it made later in 2011. There is guarded optimism that when the company posts its fiscal first quarter report after the closing bell on Monday, some progress will be evident. However, Netflix is expected to report a net loss of $9 million to $27 million for the quarter.
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