Articles about Slump

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Watch it Apple: time has come for cheaper rivals' strap-ons

Apple Watch started 2016 on a losing streak, ceding market share* to a range of cheaper rivals. Q1 is a hangover quarter across the entire consumer electronics sector, and particularly in wearables, which can be expected to suffer a post-Christmas slump. Strategy Analytics has estimated that Apple shipped 2.2 million in Q1 …
Andrew Orlowski, 28 Apr 2016
Walking on water, image via Shutterstock

Ding-dong, reality calling: iPhone slump is not Apple's doom

The sky is not falling. This is not as bad for Apple as 2003 or 1996. But neither does Apple walk on water. For the first time in 13 years, Apple’s reported falling revenue – down 13 per in the last three months to $50.6bn. Cruelly, it was the growth engine that was winding down: iPhone sales fell for the first time in the …
Gavin Clarke, 27 Apr 2016
Yawning Cat by Johnc24 at Flickr, CC-20 License at https://creativecommons.org/licenses/by/2.0/

SAP's results are a right Waldorf salad: Core sales dip, yet support biz is stable

SAP has confirmed a sudden and sharp drop in sales of its software with continued, escalating sales of cloud. Sales of new licences for its core, on-premises software fell 13 per cent in the first three months of 2016 to €609m, compared to the first quarter of 2015. It was a sharp about-turn given SAP closed the last three …
Gavin Clarke, 20 Apr 2016
The CST-100 descends by parachute with airbags deployed. Pic: Boeing

Oh dear, IBM. Storage isn't looking like a cash cow any more, is it?

IBM's storage hardware revenues continue falling as growth businesses stay submerged under the declining ones. In its first quarter of 2016 results, IBM's storage hardware revenues were, at $433.5m, six per cent down year-on-year, continuing the now familiar trend. This was a billion-dollar-a-quarter business in the fourth …
Chris Mellor, 19 Apr 2016
Charis Tsevis's icon montage of Steve Jobs

Done making the big stuff better? The path to Apple's mid-life crisis

Apple at 40 Forty years ago today, Yasser Arafat was on the front page of The New York Times, the cover of Time magazine was screaming about "The Porno Plague," Johnnie Taylor sang "Girl you ought to be on T.V. on soul train" as his "Disco Lady" topped the US pop charts, and the Apple Computer Company was born. Apple co-founder Steve …
Rik Myslewski, 01 Apr 2016

Lost in the obits: Intel's Andy Grove's great warning to Silicon Valley

Analysis A few years ago, Andy Grove took the Davos crowd to task. The received wisdom at the time – and it still is – was that America's future was as a "knowledge economy." It was 2010, and the former Intel CEO lamented that Foxconn employed more people – 800,000 in total – than Sony, Intel, Apple, Dell, Microsoft and HP combined. …
Andrew Orlowski, 23 Mar 2016
European commission photo via Shutterstock

Europe is spaffing €20bn on handouts for tech

Sketch Europe's dreams may be sinking like the Titanic, but wait: there’s €20bn of taxpayer’s cash swilling around for tech handouts. So we found at yesterday's Digital4EU shindig. “There’s a lot of money with a digital label on it – over €20bn,” said Luciana Tomozei, policy advisor at the European Investment Bank. This comes via …
Andrew Orlowski, 26 Feb 2016
NVidia aims to gives games power to handhelds

PC sales aren't doing so great – but good God, you're buying mountains of Nvidia graphics cards

If you thought the slump in PC sales was going to hit Nvidia like it whacked Intel and AMD, then, well, you were wrong. Nv just reported a record quarter to round off a record year in terms of sales. In the three months to January 31, revenues from the graphics chip giant's PC cards rose 25.4 per cent on the year-ago period to …
Chris Williams, 18 Feb 2016
Marina Bay hotel singapore. By https://www.flickr.com/photos/leonid_yaitsky/

If you're reading this on your phone, pray you're in Singapore

If you're reading this on your phone, pray you're in Singapore, New Zealand, Hungary or Israel, because they're the four nations where LTE networks deliver the fastest downloads. Clasp your hands and look heavenwards again if you live in the United Kingdom or United States , as those nations come in 29th and 55th respectively in …
Simon Sharwood, 08 Feb 2016
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Holy sh*t week forces Twitter top brass to go on ‘retreat’

Twitter’s top execs - what’s left of them - are expected to go on a retreat today as they look for inspiration on how to pull the microblogging service out what is looking less like a slump and more like a nosedive. The claim, tweeted by CNBC, is just the latest bizzaro development after a weekend that has already seen five …
Joe Fay, 26 Jan 2016

2015 chip market battered by everything bar earthquakes and nuclear war

Worldwide semiconductor sales slid last year, as chipmakers were hit by sliding currencies, slumping PC shipments, and supply gluts in key markets. Gartner’s just published take on the 2015 semiconductor market shows overall revenues slipping 1.9 per cent to $333.7bn. Just to really rub it in, this compares to 2014’s 7.9 per …
Joe Fay, 07 Jan 2016

HP storage financials: Meh. Meg Whitman needs to make this right

+Comment HP, no HPE, storage's revenues are down again, continuing a longish slump and, with HP Inc (PCs and printers) now undocked from HPE (the rest), many are asking the question: "What next?" Within HP's* revenues for the fourth fiscal 2015 quarter, converged storage product revenues (3PAR, StoreOnce, and StoreAll) grew nine per …
Chris Mellor, 26 Nov 2015
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Tech Data: If only we could discount forex and impact of closing country ops...

Tech Data continued to pile on the pounds dollars in its latest quarterly financials – but only if the crushing currency burden and the impact of exiting operations in Latin America were discounted. In reality, the world's second largest technology distributor reported a five per cent slump in sales to $6.428bn for Q3 of …
Paul Kunert, 24 Nov 2015

T-Mobile US megahack cost Experian $20m, class actions coming

Experian has claimed the megahack of its own systems, compromising 15 million T-Mobile US customers' data, has cost it $20m so far, with several class action lawsuits also on the horizon. The Dublin-based credit services company said the enormous breach of T-Mobile US information was a result of its own systems being hacked, …

Contract losses and re-org slap Logicalis

The structural overhaul and sweeping management changes at Logicalis UK, coupled with unavoidable exchange rate losses, are causing some bottom line slippage with operating profit crashing. Datatec, the parent of integrator Logicalis, distributor Westcon and a consulting division, rolled out some unaudited financials today for …
Paul Kunert, 21 Oct 2015
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PC shipments slump in Q3, thanks to free Windows 10

The world's personal computer factories could only shove just over 70 million machines out the door during 2015's third quarter, according to box-watchers IDC and Gartner. IDC says sales were down 10.8 per cent year on year, a worse outcome than the 9.2 per cent dip the firm previously predicted. Windows 10 is partly to blame …
Simon Sharwood, 09 Oct 2015
Lenticular Cloud

Cloud casts deep shadows over disk backup market

Abacus-wielder IDC has run its eye over the “purpose-built backup appliance” (PBBA) market and proved, if it were necessary to do so again, that by golly things are changing quickly in the storage caper. EMC dominates the market for such PBBAs, taking in US$469.9m in 2015's second quarter to claim 60.1 per cent of the market …
Simon Sharwood, 18 Sep 2015
Human cannonball

So, was it really the Commies that caused the early 20th Century inequality collapse?

Worstall @ the Weekend What with both the Corbynistas and Sandersistas on their various sides of the pond bringing back into the political mainstream the somewhat discredited ideas of state directed economies and socialism lite, perhaps it's time to have a look at one of the arguments used to bolster those ideas. Which is that post World War Two …
Tim Worstall, 30 Aug 2015
4 arrows signs in arrow on wooden wall

Booked that expensive holiday yet Mr Server Maker? Maybe just a day trip for now

The EMEA server market is on fire, but not in a good way – both shipments and factory revenues declined in Q2 amid the currency issue and uncertain business climate. Unit sales dropped 5.6 per cent year-on-year to 523,800 servers, and the money coughed for them dipped 2.3 per cent to $3.1bn, abacus fondlers at Gartner have …
Paul Kunert, 26 Aug 2015
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HP is getting so good now at negative growth, it should patent it

HP CEO Meg Whitman said on Thursday that she was pleased with the company's performance during the third quarter of its fiscal 2015, despite the fact that nearly every reporting segment was down annually. The PC and printer giant missed analysts' estimates on revenue, with total sales for the quarter of $25.35bn, an 8.1 per …
Neil McAllister, 20 Aug 2015

Big, ugly, heavy laptops are surprise PC sales sweet spot

Things are so bad in the PC market that students of economics and physics are both probably keen to figure out just what's going on. But there's a singularity of sunshine in the market, says box-counter IDC, in the form of a surge in sales for big, ugly, heavy laptops, aka certified workstations. The “certified” is important …
Simon Sharwood, 07 Aug 2015

So what the BLINKING BONKERS has gone wrong in the eurozone?

Worstall @ the Weekend A while ago, one of The Register's anonymous cowards posted a question about inflation. Can anyone explain why printing truckloads of money was the correct thing to do for UK and USA while restricting the money supply and austerity was the necessary [thing] for every other advanced country in Europe? Was it simply that all …
Tim Worstall, 26 Jul 2015

Storage slump? Dunno what you're talking about, beams EMC

EMC basically saw off most signs of a storage slump with a two per cent revenue rise in its second quarter 2015, although with revenue being reduced after paying $75m in a VMware pricing settlement with the US government. Revenues of $5.98bn generated profits of $487m, 17 per cent down on profits a year ago, but still well …
Chris Mellor, 22 Jul 2015
Stanley Kubrick's The Shining

Yahoo! reverses! reversal! FLIPS! profit! into! loss!

Yahoo! has reported a $22m loss for its second quarter, as CEO Marissa Mayer tries to buy market share off Google and Facebook. For the same period last year, the ad business booked a $270m profit, so the quarter represents a slump of nearly $300m. The loss, which Reuters briefly described as a “lower-than-expected profit” …
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QLogic issues mournful prognosto ahead of next numbers

QLogic expects a significant shortfall in its latest quarter’s results compared to expectations set a couple of months ago and has issued preliminary numbers to warn the financial markets. The expectation was for $124 million to $132 million revenues. Instead the prelim number is $113 million, well down, and comparing poorly …
Chris Mellor, 10 Jul 2015
Stock market. Pic: Alberto Carrasco Casado

Major Colt Group investor bids to take sickly biz private again

Fidelity, the majority shareholder in LSE-listed telecoms biz Colt Group, has bid 190 pence per share to buy the remaining stock and take the ailing firm private. The proposed transaction equates to a 21 per cent premium on yesterday’s closing share price and is 34 per cent up on the rolling average for the past twelve months …
Paul Kunert, 19 Jun 2015
Ciscoblood

Chuck chucks Cisco's China C-suite

Incoming Borg boss Chuck Robbins has sliced a bunch of executives from Cisco's operations in China, in a response to the territory's ongoing weak performance. The move is also in line with Robbins' stated desire to flatten out the Borg's burgeoning bureaucracy. First Rob Lloyd and Gary Moore were given pink-slips, and later, Wim …
Fluffy grey ragdoll cat relaxes next to laptop.

HP storage revenues declining as the dithering continues

Comment HP storage revenues went backwards in its second fiscal 2015 quarter. The revenue from newer converged storage systems (3PAR, StoreOnce, StoreAll, etc) rose 5.3 per cent over the year to $356m (from $338m), but traditional storage revenues (EVA, MSA, tape) slumped 18.3 per cent to $384m (from $470 million). Overall storage …
Chris Mellor, 22 May 2015
Broom

QLogic escapes HBA flat trap with Ethernet and add-on services

QLogic, a storage networking adaptor vendor, is escaping the sagging Fibre Channel host bus adapter (HBA) revenue trap by focussing on fast Ethernet and adding in-line data reduction, availability and encryption services. Analyst haus Stifel Nicolaus' MD, Aaron Rakers, sees QLogic ramping up its 10GbitE products, with 25/50/ …
Chris Mellor, 19 May 2015

Tech disties: What the HELL happened to our sales growth in Q1?

Tech disties’ sales growth across Europe almost halved in Q1 as the XP migration factor ran out of steam, PC business dwindled and weaker demand for Apple slabs and IBM big iron came to bear. The quarterly figures – based on sales-out data from the suppliers – collated by Context’s SalesWatch tracker, indicate turnover from the …
Paul Kunert, 11 May 2015
School of Rock

Why should I learn by ORAL tradition? Where's the DOCUMENTATION?

Something for the Weekend, Sir? The eye-rolling comes first. This is followed by a resigned sagging of the shoulders. Then comes a theatrical slump forward, often accompanied by an equally melodramatic groan, as each user in turn puts head on desk and covers same with arms. And so begins a new round of user training in a new piece of content management …
Alistair Dabbs, 02 May 2015
Scrooge McDuck

While AMD, Apple et al thrash around, chippery fat-cat TSMC is grinning all the way to the bank

Chip-baking industry heavyweight Taiwan Semiconductor Manufacturing Company (TSMC) emerged from another quarter of gangbusters year-on-year growth on Thursday, even as it reported flat revenue from the previous sequential quarter and it warned that the next quarter might be somewhat less spectacular. The firm – which fabs …
Neil McAllister, 17 Apr 2015
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What's that coming over the Dot Hill, is it is a monster? Is it a sales monster?

SAN maker Dot Hill is lifting its revenue forecast for the quarter. Why’s that interesting? Because it confirms Dot Hill is climbing out of a deep ditch where it has spent the past four years hiding, and that the previous quarter’s sales increase wasn’t a one-off stunt. Summer really has arrived for Dot Hill. For the first …
Chris Mellor, 16 Apr 2015

What just went down on Intel for three months? Er, PC and mobile chips

Intel announced its earnings based on its new financial reporting structure for the first time on Tuesday, but despite having lumped its ailing Mobile & Communications unit in with its PC Client business, there was no hiding that the three months ended on March 28 were a tough quarter for Chipzilla. Total revenue for the first …
Neil McAllister, 14 Apr 2015
No Sale

Quantum not buying Dot Hill. Takes the OEM, master disti path instead

Contradicting rumours we heard that it was buying Dot Hill, storage biz Quantum, already a Dot Hill OEM, is taking on master channel distribution rights for the network array maker's products. Dot Hill manufactures storage systems for OEM customers such as Quantum and others, and has a focus on improving array performance with …
Chris Mellor, 14 Apr 2015

Imation shareholders facing proxy FUD-flinging war at AGM

Proxy FUD poo is being thrown around at Imation. Activist investor The Clinton Group has its hooks into Imation and the Imation board is pleading with shareholders to reject Clinton's candidates at the May 20 AGM. The Clinton Group thinks five years of declining revenues and losses under CEO Mark Lucas and the current board is …
Chris Mellor, 13 Apr 2015

BOXing clever: Data biz embiggens sales - then its shares slump

Box, the freemium business data sharer, saw satisfying revenue growth and controlled losses for its fiscal 2015 fourth quarter and full year, although it disappointed analysts, whose comments prompted a 17 per cent share price fall. Highlights: Q4 FY 2015 revenue was $62.6m, up 61 per cent from $38.8m a year ago Q4 FY 2015's …
Chris Mellor, 12 Mar 2015
IBM CEO Ginni Rometty

Big Blue promises Big Bucks from Big Bets

IBM chief executive officer Virginia M. Rometty has released her annual Chairman's Letter and has told investors that IBM “knew we faced a critical year of transformation” in 2014 but has “made significant progress and built momentum” to get itself out of a nasty slump that has seen sales decline for eleven consecutive quarters …
Simon Sharwood, 10 Mar 2015
An obese belly, dangling freely. Pic: Tony Alter

Woah there Dot Hill, that's one seriously fat sales boom

A five year slump is over and high-end SAN maker Dot Hill is back after posting monster fourth-quarter revenues. Full year revenues still have a way to go, though, before the firm beats its 2010 high point. $69.1m was the revenue number for the fourth 2014 quarter, 17.5 per cent up on the $58.8m recorded a year ago, and 5.6 per …
Chris Mellor, 09 Mar 2015

Colt sales slide, profits turn to mush in shiny new cloudy world

A double-digit sales crash in the carrier voice division led top-line declines at Colt in 2014, as a series of one-off costs – including a major restructuring programme – downed profit. It was a “disappointing” outing for the London-listed operation, with turnover dropping 6.4 per cent to €1.49bn in the 12 months, the firm …
Paul Kunert, 26 Feb 2015

Wall St wolves tear chunk off Microsoft: There goes $30bn!

The morning after Microsoft published its second quarter figures, its share price tumbled 10 per cent as markets opened in New York – wiping $30bn off its value. Never mind the 3D goggles announced a few days before: a brace of Wall St analysts have cut their estimates and ratings for the software giant. The Street has talked …
Gavin Clarke, 27 Jan 2015
Microsoft campus

Microsoft brings SUNSHINE – but it's a CLOUDY DAY

Microsoft posted another quarter of respectable results on Monday, matching analysts' earnings estimates and slightly outperforming on revenue, but its strong showing couldn't disguise the continued shakiness in its core software business. The software giant reported total revenues of $26.47bn for the second quarter of its …
Neil McAllister, 26 Jan 2015

Analyse THIS: Facebook alumni upstart Interana inhales MORE cash

+Comment Why the hurry? Interana, an analytics startup co-founded by ex-Facebook engineers just got a 250 per cent rise in funding, $20m, less than four months after its initial $8.2m A-round. Index Ventures led this round, in which new investors AME Cloud Ventures, Harris Barton and Mike Olson, chief strategy officer at Cloudera, …
Chris Mellor, 26 Jan 2015

Big Blue weeps as another 8% slips off its storage scales

Comment When is Big Blue's storage slide going to end? IBM's latest quarterly and full year fiscal 2014 results show an unabated fall in storage hardware revenues, with an eight per cent annual decline to $864m in the fourth quarter of 2014. It's a huge number, but back in fiscal 2011 the same quarter recorded $1.2bn in storage hardware …
Chris Mellor, 22 Jan 2015
Man wrinkles his eyes in an expression of pain, annoyance or dsicomfort

ULLtraDIMM dam plus inventory oops smacks SanDisk’s Q4 growth

+Comment The expansion of SanDisk’s business nearly stopped in its latest quarter, with revenue growth stalled and profits down as it lost a major customer, experienced troubles in its supply chain and the ULLtraDIMM injunction took hold. Just a temporary setback guys, nothing to see here, move along folks. The consumer and enterprise …
Chris Mellor, 22 Jan 2015
Intel headquarters, Santa Clara

Medic! Intel can't stanch bleeding from mobile chip biz

Intel closed the book on a smashing first full year under CEO Brian Krzanich on Wednesday, reporting record revenues and earnings that beat analysts' estimates. But not every aspect of its business looked equally healthy, with mobile as the obvious trouble spot. Chipzilla pulled in $55.9bn in revenues during its fiscal 2014, a …
Neil McAllister, 15 Jan 2015
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Acer slips Wang Andresen into senior Euro slot

Weeks after Acer waved goodbye to EMEA chief Luca Rossi, it has handed some control of the region’s ops to UK chief Marco Grieco Wang Andresen, who has in turn been succeeded by Gavin Parrish. As revealed by The Channel, Rossi left Acer on the eve of Christmas Eve after less than six months on the job, with little explanation …
Paul Kunert, 14 Jan 2015
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HP biz split latest: 'I'm excited!' says CEO as investors exchange nervous looks

HP performed about as well as the analysts expected for the fourth quarter of its fiscal 2014, which is to say it was another difficult quarter that put the cap on what has been a trying year for the tarnished tech titan. Revenues for the quarter were down 2.5 per cent from the year-ago period, at $28.4bn. That sum missed Wall …
Neil McAllister, 26 Nov 2014

Syscap waves £50 million in CASH at UK tech channel

Finance provider Syscap has set its sights on wooing back the channel by waving at least £50m in cash at partners seeking funding. The firm began life as a channel finance provider, but has since moved into other sectors, such as legal businesses. It currently funds around £30m-£35m to 700 partners - some 10 per cent share of …
Kat Hall, 18 Nov 2014
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Don't like droopy results, NetApp? Develop server-side SAN

+Comment NetApp's second-quarter revenue number have confirmed its recent overall decline, with the storage and data management company trying to recover from several recent quarters of revenue falls. NetApp_Revenues_To_Q3fy2015 NetApp revenues to Q2 full year 2015 with polynomial trend line showing decline A curve showing a long …
Chris Mellor, 13 Nov 2014