Finland based game developer Rovio has reported 2011 revenues of $106.3m and earnings before tax of $67.6, which the firm claims demonstrates the continuing success of Angry Birds as a brand. During the time Angry Birds have been downloaded more than 648 million times. Moreover Rovio added that merchandising accounted for 30 per cent of its sales in 2011. It [...]

US phone carrier Verizon Wireless has posted its Q1 2012 earnings that closely beat analysts’ expectations. Verizon Wireless outlined a profit of $0.59 per share, up about 16% over the same quarter last year and $0.01 above Wall Street’s consensus. Verizon revenue grew by  4.6% year over year to $28.2 billion. Verizon revealed that it added 734,000 [...]

Finland based Smartphone makers Nokia has posted its Q1 earnings for 2012, reporting a 1.34 billion Euro ($1.76 billion) operating loss, as net sales of mobile devices declined by 38% on year, with Smartphones taking a 51% blow over the past 12 months. Last quarter Nokia net sales topped €7.35 billion ($9.65 billion) which was down 26% on [...]

IBM has posted its Q1 earnings for 2012 were certainly diverse. IBM reported a Q1 net income of $3.1 billion compared with $2.9 billion in the first quarter of 2011, an increase of 7 percent. Operating (non-GAAP) net income was $3.3 billion compared with $3.0 billion in the first quarter of 2011, an increase of 9%. In [...]

California based Yahoo has reported Q1 earnings 2012. Yahoo posted Q1 revenues on a GAAP basis of $1.22 billion, up 1% from the $1.2 billion in GAAP revenue Yahoo reported in the first quarter of 2011 (which itself was down 25 percent year-over-year from its Q1 2010 revenue.) Income from operation declined by 11% to $169 million in the first [...]

Sony has confirmed that it would lay-off about 10,000 jobs globally this business calendar as the electronic giants aims to come out of its deep losses, dragged down by its ailing TV unit. Unveiling this new strategy, Sony Chief Executive Kazuo Hirai said it aims to build up its digital imaging, games and mobile businesses, while seeking [...]

California based Google Inc posted its earnings for the first quarter of the year, incorporating revenues of $10.65 billion for the quarter. Google reported profits of $2.89 billion, earnings per share of $10.08, and adulterated Earnings per share of $8.75. Google shares were up on the day, booking at more than 2% increase. These figures are also slightly higher than [...]

Finland based smartphone makers Nokia has lowered its outlook for the Q1 of 2012, pointing that performance from its devices and services division will have a considerable harmful effect on its quarter than earlier expected. Nokia has confirmed that Lumia phone sales through the end of March topped 2 million units. Nokia currently estimates that Devices & Services net sales in [...]

In a memo, Yahoo chief executive Scott Thompson told  Yahoo staffers that he was revamping the company into three divisions: consumer products, geographic regions, and technology. Recently Yahoo lay-off 2,000 jobs, Thompson and the rest of the Yahoo execs have some exciting announcements in store for remaining Yahoo staffers. The consumer division will include social products and [...]

Just 15 years ago, Apple Inc was on the verge of bankruptcy,Microsoft came to Apple’s rescue with a $150 million investment. Apple just hit a $600 billion market cap today, the second corporation in the world to reach the milestone. Apple shares topped a high of $644 per share, reaching a market cap that continues to put space between it [...]