Tag Archives: financial

North American publisher EA has announced that it suffered losses totalling $641m for the three months ending December 31st 2008 – this compares to losses of $33m in the same period the year before. Revenue was up, however, hitting $1.65bn compared to $1.5bn in 2007. In further bad news, EA …

TV and electricals manufacturer Philips has become the latest tech firm to announce large-scale job cuts with news the company is to cut its global workforce by 6,000 people by the end of the year. The announcement follows Philips’ loss of 1.4bn for the final quarter of 2008 – the …

Leading software developer and Xbox 360 platform holder Microsoft has confirmed the speculation that it is to slash 5,000 members of its global workforce following an 11 per cent year-on-year decline in net profit. For the three months ending December 31st the firm reported a net profit of $4.17bn. Shares …

Finnish mobile phone company Nokia has announced that 1,000 people are to lose their jobs following a drop in net income of 69 per cent to €576m for the quarter ending December 31st – the firm’s worst Q4 results since 2001. Revenue fell 20 per cent to €12.7bn, whilst sales …

The sad news of Steve Jobs’ departure has been quickly forgotten at Apple as the leading lifestyle technology company reported record results for the three months ending December 2008. Apple sold 7.3bn worth of products in the period, making 1.1bn of profit in the process – both results were all-time …

Internet auction giant eBay has revealed that revenues for Q4 2008 were down seven per cent on the same period in 2007, reaching $2.04bn – far lower than analysts had predicted. Worse still, revenue for Q4 was down a hefty 31 per cent on the quarter before. We’ve been operating …

PS3 platform holder Sony is expected to post an operating loss of $1.1bn for its financial year ending March 31st, according to Japanese business daily the Nikkei. Reuters reports that the loss could be as high as $2.2bn depending on how the next three months pan out for the firm. …

A survey conducted by The British Chambers of Commerce have found that the nations’ economy is in the midst of a frightening deterioration”, with December’s High Street numbers proving the worst since the body began monitoring them in 1989. The BCC went on to predict that official government figures set …

Kesa Electricals has revealed that its UK chain Comet made a half-year loss of 8.1m for the period up until October, with the retail chain blaming deteriorating market conditions for the results. That was in stark contrast to its 10.6m profit for the same period in 2007. MCV’s sister publication …

Leading publisher EA has confirmed that disappointing sales of its key software titles means it expects both its net revenue and earnings for the current Q4 period to be below numbers previously forecast by the firm. The firm now expects its net revenue for the fiscal year ending January 31st …