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Apple profits fall for the first time in 15 years

Apple has announced that its annual sales and profits have fallen for the first time in the last 15 years. Apple’s financial report stated that sales of its devices totaled $215.6bn, which is a drop of around 8% when compared to last year’s $233.7bn of sales. Unsurprisingly this drop in …

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NX and smartphones to return ‘Nintendo-like profits’

Nintendo president Tatsumi Kimishima says the twin release of the NX and smartphone titles will restore balance at Nintendo. It has been our priority to take a close look at areas of our existing business where the revenue and expenses had become unbalanced, and to make sure that we corrected …

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Revenue and profit fall at Nintendo

Nintendo’s net profit for the nine months ending December 31st slumped 31.9 per cent year-on-year to 40.55bn. Net sales fell 3.9 per cent to 425.66bn. However, Nintendo has now already hit its full year net profit target of 35bn. Operating income for the period was up 34.4 per cent at …

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Nintendo says smartphone business will quadruple profits

The long-awaited debut on Nintendo on smartphones will have a dramatic effect on Nintendo’s profit, president Tatsumi Kimishima has said. Its debut smartphone title Miitomo also remains on track for March, the exec had asserted. The first fruits of Nintendo’s partnership with Japanese mobile publisher DeNA had been due out …

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Tencent continues to reign as world’s largest games company

Chinese gaming giant Tencent has reported profits in excess of $1bn in its first financial quarter. Profits reached $1.1bn, up eight per cent year-on-year, while revenues jumped 22 per cent at $3.65bn. Operating profit climbed 20 per cent to $1.5bn. Online game revenue grew 29 per cent to $2.1bn while …

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GAME CFO steps down as profits dip

The honeymoon period for the new GAME shows no sign of returning with a drop in profit and the news that the retailer’s CFO is stepping down. Group revenue for the 26 weeks ending January 24th fell 0.7 per cent to 586.4m, with gross profit down 1.6 per cent at …

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Apple posts biggest quarterly profit ever for a public company

11.9bn – that’s how much profit Apple made in its last quarter, representing the highest ever number for a publicly traded company. The record was previously held by ExxonMobil, which in Q2 2012 posted a profit of $15.9bn. The colossal success stems from the success of the iPhone 6, which …

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Tesco says profits will be almost £1bn lower than predicted

2014 has already been one to forget for Tesco, and the news just keeps getting worse. The retailer has now warned that profits for the year ending February 2015 "will not exceed 1.4bn" – that’s well below the 1.8bn-2.2bn the markets had expected and significantly down on the 3.3bn recorded …

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iPhone and iPad sales miss expectations

Apple ‘s Q3 report has seen it beat earnings expectations but fall short of predicted iPhone and iPad sales. While the firm beat its earnings expectations, with its profit rising to $7.7bn its iPhone sales came in below the 37m expectation at 35.2m. This is, however, 13 per cent higher …

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Capcom profits up as Dead Rising 3 hits 1.2m sold

Xbox One exclusive Dead Rising 3 has sold 1.2m units, helping Capcom to a welcome boost in profits. Microsoft has shipped 5m Xbox Ones, and while actual sales remain shrouded in mystery that still represents at attach rate of anything between 1-in-3 and 1-in-5, which is potentially very impressive. Monster …

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