Xiaomi’s Q3 financial report reveals 10% drop in revenue

Xiaomi posted its quarterly financial analysis, and the numbers show significant decline. Revenue for the July-September 2022 period was CNY70.5 billion, just south of $10 billion. Of them, 50.5% came from overseas markets. The revenue is 10% lower compared to last year. Net profit dropped even more – 59% year-on-year to RMB 2.1 billion. However […]

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Mac Revenue to ‘Decline Substantially’ Year Over Year in December Quarter

Mac revenue is set to take a significant hit in the first fiscal quarter of 2023, Apple CFO Luca Maestri said during today’s earnings call. Maestri was providing guidance on December quarter earnings, and he said that Mac sales will be down year over year next quarter because of the strong December 2021 Max lineup. […]

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Samsung reports record revenue but 24% decline in profit in Q3

Samsung posted its Q3 earnings report today, and the numbers revealed the most revenue ever recorded for this three-month period. At KRW 76.78 trillion ($54 billion) it is 4% higher, compared with last year. The operating profit was not great though. The company made KRW10.85 trillion ($7.6 billion) between July and September, which is 23% […]

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Xbox FY23 Q1 gaming revenue up 4% thanks to hardware, offset by reduced content engagement

What you need to know Microsoft has revealed its earnings report for the first quarter of fiscal year 2023, which ended Sept. 30, 2022. The earnings report reveals that the Xbox division saw a 4% uptick in revenue over the same period last fiscal year. This increase was driven by a 13% increase in revenue […]

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Surface revenue went up 2%, beating expectations, while Windows OEM took a huge hit

What you need to know Microsoft reported $13.33 billion in revenue for its More Personal Computing division. Surface and devices were up 2%, beating expectations. Windows OEM revenue, however, was down 15%, which was more than forecasted. Search, and news advertising grew 16%, which is in line with its outlook. Microsoft is reporting its FY23 […]

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Samsung leads Indian smartphone market with highest sales, revenue during festive period

The latest report by Strategy Analytics brings some good news for Samsung. According to the report, the Indian smartphone sales revenue grew 17% year-on-year to $2.1 billion in just the first eight days of festive sales from September 23 to 30. The report also stated that Samsung took the lead in the festive sales period […]

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Tim Cook Expects Apple’s September Quarter Revenue Growth to Accelerate Despite ‘Pockets’ of Softness

Apple today reported its earnings results for the third quarter of the 2022 fiscal year, including revenue of $83 billion and net quarterly profit of $19.4 billion. As usual since the start of the COVID-19 pandemic, Apple did not provide formal revenue guidance for the ongoing quarter, but Apple CEO Tim Cook did help to […]

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Apple Reports 3Q 2022 Results: $19.4B Profit on $83B Revenue

Apple today announced financial results for its third fiscal quarter of 2022, which corresponds to the second calendar quarter of the year. For the quarter, Apple posted revenue of $83 billion and net quarterly profit of $19.4 billion, or $1.20 per diluted share, compared to revenue of $81.4 billion and net quarterly profit of $21.7 […]

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Microsoft Surface revenue is up 10%, while Windows rev is down 2% for FY22 Q4

Microsoft brought in $14.36B in More Personal computing, just below forward guidance, for FY22 Q4 Surface revenue was up 10%, driven by commercial sales Windows OEM rev declined 2% due to “production shutdowns” in May and a deteriorating PC market Search and news advertising grew 18%, just below the expected 20% projected Update 7/26/22: 6:10 […]

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Xbox FY22 Q4 gaming revenue down 6% year-over-year due to lower engagement, console supply

What you need to know Microsoft shared its financial results for FY22 Q4, ending June 30, 2022.  The company saw a 6% decrease year-over-year in Xbox revenue due to lower engagement and limited hardware supply.  Xbox hardware revenue was down by 11%. This decrease was partially offset by an increase in Xbox Game Pass subscribers.  […]

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MediaTek’s revenue up 33% thanks to strong sales of Dimensity 8000/9000

Taiwanese chipmaker MediaTek has shown significant growth in the last year. With the release of its Dimensity 8000 and 9000 series, MediaTek has seen positive response from OEMs wishing to include MediaTek’s higher-tier Dimensity chips on their flagships. Thanks in part to this, the company’s revenue has increased by 33%. Oppo, Realme, OnePlus, vivo, Xiaomi, […]

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Apple Music and Apple Arcade to Earn $8.2 Billion Annual Revenue by 2025, Says JP Morgan Analyst

Apple’s revenue from its music and gaming subscription services is expected to jump 36% to $8.2 billion annually by 2025, according to JP Morgan (via Reuters). The U.S. investment bank’s analyst Samik Chatterjee on Monday said Apple Music and Apple Arcade are likely to have a combined subscriber base of about 180 million by 2025, […]

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Apple Reports All-Time or March Quarter Revenue Records Across All Categories Except iPad

Apple today announced its earnings results for the second quarter of its 2022 fiscal year, including revenue of $97.3 billion, a new March quarter record. Apple saw growth across its iPhone, Mac, Wearables, and Services product categories, but iPad revenue experienced around a 2% decline compared to the year-ago quarter. “We are very pleased with […]

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Apple Reports 2Q 2022 Results: $25.0B Profit on $97.3B Revenue, Best March Quarter Ever

Apple today announced financial results for its second fiscal quarter of 2022, which corresponds to the first calendar quarter of the year. For the quarter, Apple posted revenue of $97.3 billion and net quarterly profit of $25.0 billion, or $1.52 per diluted share, compared to revenue of $89.6 billion and net quarterly profit of $23.6 […]

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Microsoft FY22 Q3 earnings: $49.4 billion revenue exceeds expectations

Source: Daniel Rubino / Windows Central Microsoft just released its earnings report for FY22 Q3 (the third quarter of the 2022 fiscal year). The company saw an overall revenue increase of $49.4 billion (19% YoY) and a net income increase of $16.7 billion (8% GAAP). Microsoft’s overall revenue of $49.4 billion beat the expectation of […]

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Xbox revenue up 6% as Xbox hardware tops U.S. sales charts

Microsoft has announced its third-quarter earnings for its 2022 fiscal year, coupled with the latest update on its gaming efforts. Year-over-year revenue was up 20% company-wide over the period, totaling $51.7 billion. Xbox revenue also climbed 6% this quarter, attributed to growth in Xbox console sales, Xbox Game Pass, and other gaming services. The latest […]

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Microsoft reports 13% increase in Windows and Surface revenue

Source: Daniel Rubino / Windows Central Microsoft’s earnings report is out for the third quarter of the 2022 fiscal year, and it looks to be another good result for the company, which reported $49.4 billion in revenue, an increase of 18 percent year over year. Specifically, Microsoft’s “More Personal Computing” organization reported overall revenue of […]

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TSMC’s Chip Revenue From Apple Predicted to Grow Nearly 25% in 2022 as Apple Silicon Transition Nears Completion

Chip supplier TSMC’s Apple business is predicted to grow almost 25 percent this year as the transition to Apple silicon nears completion and the two companies grow closer ties, DigiTimes reports. Apple is said to be expecting shipments of chips for new iPhones and other devices from TSMC in the first half of June, according […]

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ID@Xbox has generated over $2.5 billion in revenue for indie developers

Microsoft shared a recap of the ID@Xbox program’s history on Thursday, with some major milestones and updates on how far the program has come since its launch in 2013. According to Microsoft (via Xbox Wire), the ID@Xbox program has paid out over $2.5 billion in revenue for indie developers since its creation. The last milestone […]

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As Microsoft’s revenue grew in 2021, so did its carbon footprint

Source: Daniel Rubino / Windows Central Microsoft has released an update on the status of its mission to become carbon negative by 2030. That update contains good news, a data-loaded infographic, and the not-insignificant detail that the company’s Scope 3 emissions jumped by “about” 23% YoY in 2021. Scope 1 and 2 emissions reduced by […]

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