Tag Archives: loss

Rightscorp is one of the world's most prolific letter senders when it comes to chasing after pirates. Over the past few years it's sent out thousands of demands for money to alleged illegal downloaders, but that model may no longer be viable, as the organisation has reported a quarterly loss …

Uber is laying claim to having completed more than a billion journeys with its ride sharing, app-based taxi service in just five years since it began operation in 2010. Although it has faced stupendous opposition from traditional taxi firms and transport authorities, and makes giant losses every quarter, it continues …

Despite being the crest of a wave of change in the way we get about our roadways, Uber, the app based taxi service which in just a few years has grown to be worth an estimated $50 billion, is said to be a financial sinkhole, losing tens of millions a …

Samsung is gearing up to reveal its first quarter 2015 earnings soon so the company has released an earnings guide for investors, which tells a similar story to the last few, Samsung is expecting to see a sizable dip in profit due to dwindling sales of its devices. Samsung currently …

Apple’s App Store went down for quite a while yesterday. During this time, customers couldn't make purchases through any of Apple’s digital store fronts, no books, no apps, no music, nothing. As you can imagine, for a company as large as Apple, the longer your service is down, the more …

Intel is set to merge its mobile and tablet division with the part of the company that creates desktop processors. This will combine the heavy loss generating mobile group with the profitable PC chip making group starting from early next year. In an email to Intel employees, spokesperson Chuck Mulloy …

Amazon is just one of those web entities that you assume is big enough to support itself almost indefinitely. It has the world's most recognisable web retail outlet and has its fingers in so many pies, something must be going well, right? Not so, as this last quarter it posted …

Sony has been spiralling down hill for the last few years and as a result of the company's fourth annual loss in a row,  top executives including CEO and President, Kazuo Hirai, are forfeiting bonuses and will be losing half of their salary this year. Similar to what Nintendo did early …

Sony is going through a bit of a rough patch financially at the moment but things might be worse than the company previously predicted as it has issued a warning stating that its end of fiscal year loss is going to be about 20 per cent worse than it expected …

CCP Games, the company behind EVE Online has announced that it suffered a $21 million loss during its 2013 fiscal year. CCP also recently had to cancel its upcoming MMO: World of Darkness, which was based on the role playing board game series. The loss was quite a big hit …

BlackBerry sales have taken another dive thanks to poor adoption of the BlackBerry 10 platform. The troubled phone maker posted a fiscal fourth quarter loss of $423 million down from a $98 million profit last year. Revenue also fell 64 per cent to $976 million. According to Thomson Reuters, analysts …

Samsung's quarterly results were revealed yesterday which saw an 18 per cent decline in the company's profits from last quarter, so where did the money go? Well Currency exchange rates as well as employee bonuses seem to be the cause. Samsung says that while its marketing budget did increase due …

Things haven't been looking good over at Blackberry for a while now and the company might not be able to bounce back at all this time. The phone maker has not only cancelled its yearly conference but it has also pulled the plug on two phones it had in development …

Successful companies know how to build momentum. They inject interest into the market and motivate us to buy product that is available on the shelves. Mis-timing a launch is an expensive business, because you will have shot your powder too early and have no ‘bang' left when the product finally …

I don't think my last couple of articles attacking Square Enix's game tracking practices are entirely to blame for this, but if you guys want to say so that's very kind. The Final Fantasy publisher, has announced that it expects to take a £42 million hit for the first half …

During last night's Q3 financial call, AMD executives delivered the news that KitGuru has expected for almost a year – a significant reduction in workforce going forward. It simply doesn't need the same workforce going forward as it did in the past. KitGuru pulls out the abacus to calculate the …