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Articles about Slump

Shopping spree helps Arrow counter organic sales slump

Healthy organic sales growth has once again proved slippery for enterprise tech bellwether Arrow Inc to grasp, though demand for heavy duty software and hardware started to re-emerge. At group level, the tech distie reported revenues of $5.68bn, up seven per cent year-on-year as reported – but this was largely due to …
Paul Kunert, 30 Jul 2014
Vodafone on Piccadilly

Vodafone's Euro revenues slump by nearly TEN PER CENT

Vodafone's latest results make grim reading for the company's investors, with revenues in established markets falling and subscribers drifting away despite the firm's 4G investments. The British mobe operator's service revenues fell in Europe by 9.6 per cent and was only partially offset by gains in India and Turkey. The group …
Andrew Orlowski, 06 Feb 2014

What PC sales slump? That's ALL OVER, declares Gartner

An optimistic new report from Gartner suggests that the PC market may actually be returning to growth, with most of the sales going to top-name vendors. By Gartner's estimates, worldwide PC shipments were essentially flat for the second quarter of 2014, growing just 0.1 per cent when compared to the same period a year ago. But …
Neil McAllister, 09 Jul 2014
Candy Crush Saga

King's stocks are candy-crushed as its top toy suffers splurge slump

More than 13 per cent of Candy Crush game-maker King Digital's stock price was wiped off overnight – after it admitted players of its wildly popular mobile app were spending less and less money. King’s results for Q1 2014, the quarter in which it launched its rather poor market debut, revealed a couple of wobbles: net profit …

Not even Asia can save PC market's slump

PC shipments officially entered their longest slump in history last quarter after a 10.9 per cent year-on-year decline, with even the once-proud APAC region registering another double-digit drop, according to analyst Gartner. The market watcher’s preliminary forecast for Q2 2013 makes for pretty grim reading if you’re a PC …
Phil Muncaster, 11 Jul 2013
John Chambers at the World Economic Forum 2010

BIG trouble in BIG China: Cisco shares fall off a cliff as CEO warns of slump

Cisco's shares slumped ten per cent in after-hours trading on Wednesday after the networking kingpin copped to terrible performance in emerging markets. The hardware giant squeezed $2.9bn in net income (up 11.6 per cent year on year) out of revenues of $12.1bn (up 1.8 per cent) in the third quarter of 2013. The company beat Wall …
Jack Clark, 13 Nov 2013
Simpana 10 Content Store

CommVault boosts profits by 25%, bucks storage slump trend

Data backup and archive software supplier CommVault has delivered a object lesson in how to run a business, filing Wall Street-beating revenues and profits for its latest quarter. Its revenues for the second quarter of its fiscal 2014 were $141.9m, up 20 per cent annually and 6 per cent more than the previous quarter. Net income …
Chris Mellor, 29 Oct 2013
ho, ho, ho

A server bonanza is for Christmas, not for life: Xmas boost hides slump

One sequential bounce in EMEA server shipments and revenues doesn't a recovery make, but last year's Chrimbo quarter may have cheered hard-pressed suppliers, judging by the figures. The latest IDC data shows some 606,000 systems were sold across the region in the final three months of 2013, up 13.2 per cent on the previous …
Paul Kunert, 19 Mar 2014

Cash slump a Seagate problem, or a hard disk industry problem?

Seagate revenues and profits have slumped in its third fiscal 2014 quarter, reflecting ongoing difficulties in the disk drive market and product transitions. Revenues of $3.4bn were reported in the quarter ending 28 March, and these were 4 per cent down year-on-year. Net profits were $395m, 5 per cent lower than a year ago. …
Chris Mellor, 30 Apr 2014
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Weakened Apple slab grab sees Q1 growth slump to RECORD LOW

Apple's iPad shipments into distribution have fallen faster than at any point since the slab was brought to market and yet the wheels aren't close to coming off of the fruit-emblazoned sales juggernaut. A 16.1 per cent world-wide sales crash in Q1 to 16.35 million units saw iPad market share plummet to 32.2 per cent from 46.4 …
Paul Kunert, 09 May 2014
The Register breaking news

Nokia's Q4 'beat expectations' despite ongoing sales slump

Nokia announced preliminary financial results for its fourth quarter of 2012 on Thursday, claiming that its smartphone business had "exceeded expectations," despite the fact that overall sales are still trending downward. The struggling mobile maker said its Devices & Services division sold 86.3 million devices in the quarter, …
Neil McAllister, 11 Jan 2013

Ereader sales to slump as punters snap up cheap slabs – report

The ereader market is heading towards a slump in 2012 as users increasingly consume digital content on their tablets, according to new research from Taiwanese IT news site Digitimes. The report found that overall, global shipments of ereaders stood at 22.82 million units in 2011, a year-on-year increase of 107 per cent. It added …
Phil Muncaster, 06 Mar 2012
The Register breaking news

Mobile phone sales slump bites Nokia

Nokia may have plunged down the chart of best-selling smartphone makers, but at least it can console itself with the knowledge that it’s still up toward the top of the broader mobile phone supplier table. ‘Toward the top’ but not ‘at the top’, of course. According to market watcher Gartner, Nokia is merely the world’s second …
Tony Smith, 14 Nov 2012
Kim Jong-un

HTC profits slump but Kim Jong Un's a fan

Taiwanese smartphone maker HTC's profits slumped 91 per cent in the last quarter, but the firm received an unlikely endorsement after North Korean leader Kim Jong Un was apparently seen using one of its devices. The company has spent most of 2012 fighting arch rival Apple in court and trying to streamline its operations. Its …
Phil Muncaster, 05 Feb 2013

PC market facing worst-ever slump in 2013

Analyst house IDC has revealed its latest predictions of the PC industry, and the results aren't pretty: shipments of desktop systems are expected to fall by 7.8 per cent this year, the biggest decline in the platform's history. Laptops aren't immune, either. IDC predicts that tablets will outsell laptops this year, and that by …
Iain Thomson, 28 May 2013
The Register breaking news

ITV scoffs at ad slump as production arm hauls in cash

ITV has reported a revenues 11 per cent higher, and profits 15 per cent higher than a year ago, before accounting for exceptional items and tax. Revenues topped £1.28bn and pre-tax profits were £235m. The commercial broadcaster's primary revenue source – advertising – is weaker than a year ago, with spending flat this year. But …
Andrew Orlowski, 26 Jul 2012

Nvidia sales and profits rise despite PC slump

Graphics and ARM chip maker Nvidia is sailing smartly through the shrinking PC market, boosting both sales and profits – and doing so despite its transitions to Tegra4 and Tegra4i processors for smartphones, tablets, and other devices. In the first quarter of fiscal 2014 ended on April 28, Nvidia's overall sales rose by 3.2 per …
The Register breaking news

Qualcomm bucks global chip biz slump - report

Phone chip-maker Qualcomm defied the semiconductor industry decline to show double-digit year-on-year growth at a time when almost all of its rivals saw their sales slide, and the market as a whole dipped. Or it will have done if a forecast made today by Gartner, a market watcher, proves correct. Gartner today said it expects …
Tony Smith, 17 Dec 2012
The Register breaking news

Brit web firms tweet way out of slump

Tweeting and faffing with Facebook are helping British internet businesses avoid the economic slump, according to a survey by Sage Pay. Brit web stores grew an average 49 per cent in the past 12 months, and three-quarters of them reported using social media to drive sales, according to the poll's findings. Sage Pay, a payment- …
Anna Leach, 27 Sep 2011
ZTE Logo

Iran blamed for ZTE's 260 PER CENT profit slump

Under-fire Chinese telecoms kit maker ZTE has warned it will report a loss of up to 1.75bn yuan (£174m) for the first nine months of the year, blaming a slowing global economy and the Iranian market, where US investigators are probing its activities. The Shenzhen-based firm’s preliminary financials for the first three quarters …
Phil Muncaster, 15 Oct 2012
money notes lifted up

Samsung snubs slump, slurps stunning smartmobe sales

Strong smartphone sales banked Samsung a $4.56bn profit in the three months to 30 June, according to its latest bean counting exercise. The South Korean giant posted a 48 per cent year-on-year rise in net income in preliminary results announced last night [PDF]. Despite the economic chill that has seen even Apple's growth hit …
Anna Leach, 27 Jul 2012
The Register breaking news

Bitcoin slump follows senators’ threats

As any investment adviser will tell you, it’s a bad idea to put all your eggs in one basket. And if Rick Falkvinge was telling the truth when he said all his savings were now in Bitcoin, he’s been taken down by a third in a day. Following last week’s call by US senators for an investigation into virtual crypto-currency Bitcoin, …
The Register breaking news

World heading for massive jobs slump

The early signs of another jobs slump are already apparent, according to the International Labour Organisation (ILO). The body now estimates that employment in advanced economies won't return to levels seen before the global financial crisis until 2016. “We have reached the moment of truth. We have a brief window of opportunity …
Android 4.1 Jelly Bean

US data show slump in Apple tablet share

It’s no great surprise, perhaps, that Google’s Android is taking tablet share from Apple, but new figures suggest the rate of catch-up has accelerated this year. A 1000-odd user survey recently carried out the US statistics gatherer the Pew Research Centre and The Economist which focused on US tablet ownership during the three …
Tony Smith, 03 Oct 2012
AMD logo

AMD smacked by channel slump in Q2

The bean counters at AMD have done a first pass on the company's second quarter, and it is not looking so good. The company said in a statement after Wall Street called it a day on Monday that revenues in the second quarter ended in June would fall by approximately 11 per cent sequentially from the first quarter. AMD had …
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Brocade shakes up sales leaders after earnings slump

Brocade has printed out a whole bunch of new business cards for its sales and marketing department, just a week after releasing Q2 results that showed sales falling year on year. Regan McGrath has been named VP of global channels and marketing at the mission critical networking vendor. He was previously veep of sales for the …
Joe Fay, 24 May 2012

Ethernet sales slump punches Brocade in the wallet

Ethernet sales slumped a bit and caused Brocade's second 2012 quarter results to stumble. Its fiscal Q2 revenues were $543.4m, down 3 per cent sequentially and 1 per cent annually. Half a billion dollars plus revenue is nothing to sneeze at – startups would kill to be in this territory – but it's disappointing if you are Brocade …
Chris Mellor, 18 May 2012
arrow pointing up

Lenovo posts an INCREASE in desktop PC and notebook sales

Lenovo, the world’s largest maker of PCs, saw its profits leap 24 per cent this spring. The China-based manufacturer reported first-quarter profits of $211m, compared to $170m for the year before. That was from revenue that jumped 18 per cent to £10.39bn. Earnings per share for the giant were up, from $1.65 to $2.03 for the …
Gavin Clarke, 14 Aug 2014

Oracle UK boss ousted to channel after 'sales slump'

Oracle UK and Ireland boss Dave Callaghan has been switched out of his role amid claims that the Blighty wing missed its sales target by about ten per cent. In a straight job swap, Callaghan has been handed control of EMEA channels and Dermot O'Kelly has moved in the opposite direction to take the hot seat. The exchange happened …
Paul Kunert, 13 Jul 2012
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UK server market is BACK... to business as usual

Call it a slide, a slump - whatever the preferred adjective - it was back to business as usual for the downbeat UK server market in Q2 as those dratted big iron systems tumbled off the edge of a cliff again. Not every vendor had a tough time, but overall factory revenues declined eight per cent year-on-year in dollar terms to $ …
Paul Kunert, 08 Sep 2014
hands waving dollar bills in the air

Logica profits slump in 'much more difficult' 2011

Logica said its 2012 revenues could go up or down as it turned in full year 2011 figures that showed a massive drop in profits. The services giant reported full year consolidated revenues of £3.92bn for the year to December 31, up 6 per cent on the year. Consolidated pre-tax profits were £32.7m, a dramatic fall on the previous …
Joe Fay, 22 Feb 2012
Violinist

Can a new CEO pull Violin Memory out of its current slump?

Is flash array supplier Violin Memory a lost cause needing to look for a white knight acquisition or can it be repaired, see off the competition and return to profitability? Violin Memory is in a dreadful situation, making heavy and growing losses - $34m and counting - that dwarf its slower-growing revenues, and with impatient …
Chris Mellor, 07 Jan 2014

Don't hang up! Cisco chucks $100m at Internet of Things

Cisco may have predicted tough times ahead, after sales recently fell sharply in China and it laid off 4,000 employees due to a growth slump, but the networking giant reckons that pumping cash into the so-called Internet of Things will help spur on recovery. It has slapped $100m on the pile to invest in ultra-low-power embedded …
Kelly Fiveash, 13 Feb 2014

Microsoft blames poor Windows sales on PC slump

Microsoft has released its quarterly results, and reports that Windows revenues are down 6 per cent when compared with the previous quarter. For the last three months, Microsoft not only saw its Windows division revenues fall 6 per cent, but its business division grew just three per cent despite strong sales of Lync, Exchange, …
Iain Thomson, 20 Jan 2012
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Nvidia hit by GPU slump, too

Microprocessor and GPU maker Advanced Micro Devices said yesterday that its financial results had been whacked by an unexpected downturn in discrete graphics processor sales in the fourth quarter, and Nvidia now says it had the same problem. In a statement, Nvidia put the blame squarely on the disk shortage that has been caused …
iPad vs netbooks

Netbook shipments slump in face of tablet rise

Tablets outshipped netbooks in Q2 2011. So says market watcher ABI Research, which recorded shipments of 7.3m netbooks in Q2 - down 13.1 per cent on Q1's 8.4m units - and 13.6m tablets. ABI said it reckons some 32m netbooks will ship in 2011 as a whole - 16.m of during H2. That is down 17.5 per cent on 2010's total shipments, …
Tony Smith, 21 Oct 2011
For Sale sign detail

NEC slashes 10,000 jobs – blames Thai floods, smartphone slump

NEC is set to slash 10,000 jobs including 3,000 unlucky employees from its workforce outside of Japan, after its revised forecast revealed the Japanese electronics giant would make a year end net loss of ¥100bn (£820m). The firm did not reveal exactly where in the business the jobs would go, and said the overseas cuts would be …
Phil Muncaster, 26 Jan 2012
homeless man with sign

Germany lifts Computacenter out of UK slump

Computacenter saw UK revenues plunge 13 per cent last year, but says growth in Germany and France more than offset its home-turf woes. The mega-reseller's continental performance prompted it to say in a pre-close trading statement that it was entering 2012 in a "positive mood" despite the "challenging customer capital …
Team Register, 12 Jan 2012
Stock ticker board

Acer pair charged with insider trading for '$72k pre-results stock dump'

Two senior Acer staffers have been charged with insider trading – after allegedly offloading shares worth $72,300 just before the PC giant announced fresh financial losses. Former company mouthpiece Henry Wang and investor relations division senior manager Jiong Yuan Chen were charged in Taiwan late last week along with five …
Paul Kunert, 12 May 2014

Australians are suckers when it comes to buying tech drugs

It's not just tech giants that tag Australians as willing suckers who'll pay over-the-odds to get their hands on international products: according to the Australian Crime Commission, drug cartels are also playing the geo-pricing game. Doing a bit of pre-launch pimping of its next study into illegal drugs in Australia to the …

Grey market mobes on the slide as makers go legit

The grey market for mobile phones is forecast to slump by 12 per cent this year, ironically because handset makers can’t compete against an increasingly vibrant trade in counterfeit products, according to market watcher IHS iSuppli. The analysis firm’s China Research Service has released new data predicting the second …
Phil Muncaster, 25 Jul 2013
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While rest of Britain partied, Probrand spent Olympic year recovering

2012 was a year of excitement for many in Blighty, with business getting a boost from both the Queen's Diamond Jubilee and the Olympics, but for Birmingham-based reseller Probrand it was a year of recovery. After a dramatic calendar 2011, when the firm deliberately exited low-margin high volume sales in the public sector - and …
Paul Kunert, 01 Aug 2013
Oracle headquarters

First day of Hurd'n'Catz at Oracle: It's dis-fur-pointing for Wall St

Oracle posted results that missed analysts' expectations yet again on Thursday, in a Q1 2015 earnings report that was all but overshadowed by the unexpected news that Larry Ellison has stepped down as CEO. Revenues for the quarter were $8.60bn, a scant 2.68 per cent gain over the same period a year ago and below even the lowest …
Neil McAllister, 18 Sep 2014
The Register breaking news

Four CEOs better than one as Huawei profits slump

Chinese telecoms equipment maker Huawei has taken the unusual step of appointing a panel of three CEOs and a plan to rotate them every six months, after its latest financials (PDF) saw profits plummet 53 per cent despite revenue rising 11.7 per cent to around 204 billion yuan (£20bn) last year. The firm said its net profit stood …
Phil Muncaster, 24 Apr 2012
1983 PCN/MRIB UK home computer charts teaser

Bad news: PC slump worse than feared. Good news: It's Friday

Sales of personal computers – fat workstations, clunky desktops and laptops not running Android or iOS – took a bigger dive as 2012 wound down than the box counters at IDC had expected. People are not necessarily shifting from PCs to smartphones and tablets, but these new devices continue to lengthen the time between PC upgrades …
Handshake

Fujitsu and Panasonic about to walk down LSI aisle

Fujitsu Semiconductor and Panasonic are ready to jointly launch a new chip company this autumn as part of the duo’s plans to merge their LSI businesses, according to reports. The new venture will have ¥50 billion (£294m) in funding, with Fujitsu chipping in ¥20bn, Panasonic ¥10bn and the Development Bank of Japan stumping up the …
Phil Muncaster, 15 Apr 2014

iPad? More like iFAD: We reveal why Apple fell into IBM's arms

Apple has been talking up its strong Mac and iOS device sales in its latest quarter – but the real news was a stonking slump in iPad numbers. The Cupertino giant said the three-month period ending June 28 was its best-ever fiscal third quarter on record. It reported revenues of $37.4bn, up six per cent year on year, which led to …
Shaun Nichols, 22 Jul 2014

China, an untapped land of opportunity for the West - EXCEPT IBM

IBM's third-quarter earnings for 2013 missed estimates by a billion dollars, thanks to an ugly environment in China and continuing weakness in the company's hardware division. The technology giant reported a net income of $4bn from revenues of $23.7bn on Wednesday, representing a rise in profits by 5.7 percent on the same …
Jack Clark, 16 Oct 2013
Brazil flag

Telefónica bids for Vivendi's Brazilian bits: Telecom Italia gasps

Spanish telecoms giant Telefonica’s unexpected €6.7bn bid to buy Brazilian broadband operator GVT, which is owned by French media conglomerate Vivendi, has put the cat among the pigeons across the Mediterranean at Telecom Italia, Italy’s largest telco. Telefonica, which owns O2 in the UK, is already the largest mobile operator …
Faultline, 08 Aug 2014
The Register breaking news

EU's 2020 CO2 target 'will add a year to economic slump'

The EU's effort to cut carbon dioxide emissions by 20 per cent is twice as costly as it needs to be, and is likely to impact growth across the continent, according to a new study by a leading environmental economist. Europe failed to produce a cost-benefit analysis when it set its climate target, so Dr Richard Tol has filled the …
Andrew Orlowski, 14 Jun 2012