Earnings reports
A Slide in Apple’s iPad Sales
Wall Street expressed concern that iPad sales in the last quarter fell 1 million units year-over-year. When CEO Tim Cook discussed Apple’s earnings, he said he wasn’t worried about those numbers and that sales were in line with the company’s expectations.
Microsoft Still has Some Trouble With Windows
While Windows might still be a driving force for Microsoft’s business, the company reported that Windows OEM revenue was down 9% in the non-Pro segment of the market. Yet healthy demand for Microsoft’s cloud-based offerings is buoying its earnings.
IBM Keeps Going Strong
As IBM continues its shift away from the commodity hardware business, the company announced that its profits in the latest quarter reached $4.1 billion, up 42% from to the same period last year.
EMC Sees Growth Slow to a Crawl
EMC’s second-quarter revenue of $5.9 billion was up just 5% from the prior-year period. In that interval, VMware’s revenues jumped 17%, while Pivotal’s revenues jumped 29%.
AT&T Adds Boatloads of New Customers
AT&T had its best quarter in nearly five years, adding more than 1 million postpaid customers in the second quarter.
Verizon Wireless Continues to Grow and Grow
Verizon reported that its wireless business added 1.4 million net new customers in the second quarter, growing its user base to 104.6 million total connections.
Amazon Needs to Work On the Cloud
The cloud has been an important part of Amazon’s business, but its growth slowed to 38% in the last quarter. The company also saw its losses widen.
Facebook Makes 2013 Look Like an Anomaly
It’s hard to find issue with Facebook’s second quarter, as the company’s revenue jumped to $2.9 billion (from $1.8 billion in 2013), and profits more than doubled to $791 million.
Intel Continues to Struggle in Mobile
Although stronger-than-expected PC demand boosted Intel’s quarterly revenue and earnings overall, the company’s Mobile and Communications Group posted revenue of $51 million, down 83% from the same period last year.
ARM Revenue on the Upswing
While Intel’s mobile troubles mount, its competitor in the space, ARM Holdings, reported that second-quarter revenue rose 17% from a year earlier to $310 million, and profits jumped 9 percent to $94.2 million.
Yahoo Suffered a Tough Quarter
Yahoo suffered a tough second quarter with revenue of $1 billion (down 4% year-over-year) and a 15% drop in earnings per share of 26 cents.
Google Continues to Be a Giant
Google is nothing if not a giant in the technology space. The company reported profit of $3.4 billion, up from the $3.2 billion it reported in the same quarter last year.