According to Gartner, global personal computer shipments in the quarter ended December 2010 increased 3.1% over the year to 93.5 million units, falling short of the anticipated 4.8% growth for the period. Gartner attributed this lower-than-expected growth rate to rising competition in the form of tablets and other devices such as game consoles. For the
Nokia last week reported weak fourth quarter earnings and provided a weak outlook as its market share continues to decline in a competitive market. This was the first full quarter under the new CEO, Stephen Elop. Last quarter, Elop announced plans to restructure Nokia’s smartphone business by cutting 1,800 jobs, and this quarter he acknowledged
SAP (NYSE:SAP) reported record fourth quarter revenue this week and growth in all segments driven by pent-up corporate demand. However, its profits took a hit due to the $1.3 billion payment to Oracle following the verdict of TomorrowNow lawsuit.
By all measures, Google is going gangbusters. It has made a major management change, but let’s first look at the results and then analyze the change in context. With the market recovering, online ad spending is on the rise. According to eMarketer, a marketing research firm, total online ad sales in the U.S. increased 13.9%
According to ComScore, online sales in the U.S. in November and December grew 12% over the year to $32.6 billion. Cyber Monday, the Monday following Thanksgiving, was the biggest online spending day of the holiday season in the U.S. with sales of $1.028 billion. This was the first time ever that online sales crossed the
IBM (NYSE:IBM) this week reported strong results that beat estimates driven by increased tech spending. Ten years ago, IBM made a strategic shift to higher-margin software and services while divesting its low-margin commoditized businesses such as computers. That shift in strategy has paid off: IBM reported almost $100 billion in revenue in 2010 and plans
On Monday, 55-year-old Steve Jobs, the legendary CEO of Apple, disclosed that he will be going on medical leave. He was diagnosed with a rare form of pancreatic cancer in 2004, and he had a liver transplant in 2008. He said he will continue as the company’s CEO and be involved in major strategic decisions,
A recent Gartner study claims that the global spending on technology will increase 5% in 2011 to $3.6 trillion. IT outsourcers are pleased by the report. However, in India, currency volatility continues to pose a threat. During the previous quarter, the U.S. dollar fell more than 5% against the euro and around 2% against the