Home / Tag Archives: loss

Tag Archives: loss

Uber hits the billion journey mark in just five years

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 …

Read More »

Uber makes a huge loss every year

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 …

Read More »

Samsung predicting a 30% drop in profit

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 …

Read More »

Apple’s App Store downtime may have cost £17 million

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 …

Read More »

Intel set to merge mobile and PC divisions

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 …

Read More »

Amazon losses point to tough year ahead

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 …

Read More »

BlackBerry sales fall 64% due to poor BB10 adoption

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 …

Read More »

Samsung blames profit decline on employee bonuses

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 …

Read More »

Blackberry cancels its conference and two phones

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 …

Read More »

HTC encounters serious supply problems with One Mini

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 …

Read More »

Square Enix is expecting a £42 million loss

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 …

Read More »

AMD loses over 1,000 jobs during evolution

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 …

Read More »