It’s that time of the year and companies have just released their Q4 results. We at TVR have collected all the data and this is our “Earnings Report” for Q4, 2008.
We all know that times are tough and results would be hit by it and in fact, the numbers do not paint a gloomy picture. Even though it’s a little bit better than Wall Street predicted, it’s nothing to celebrate.
The Big Three
Google: Great at search, not great at investing.
Net Revenues(%age change): $5.7 billion (+18%)
Net Profit(%age change): $382 (-68%)
Epic Fail: Investments in AOL and Clearwire
2009 Focus: Android
Recession: Shut down Video, Notebook, Jaiku, relocating engineers, closing office in Austin.
Apple: Healthier than people think
Net Revenues(%age change): $7.9 billion (+27%)
Net Profits(%age change): $1.14 billion (+26%)
Epic Fail: Steve Jobs Health and Stock Market issue (and still no Cut and Paste)
2009: Simple product line
Microsoft: Looking out of better Windows
Net Revenues(%age change): $16.6 billion(+2%)
Net Profits(%age change): $4.17 billion(-11%)
Epic Fail: Yahoo takeover bid
2009: Windows 7
Recession: 5000 laid off
Recession Hits Others…
Digg has decided to cut 10% of their staff as growth is beginning to flatten. EA has laid off hundreds at Black Box bringing their grand total to over a thousand people laid off. Millions others are downsizing, the TechCrunch Layoff Tracker officially stands at about 200,000.
The Earnings Report is meant to provide you with the summary of all the numbers you need while removing all the confusion. We really hope this helped. We’d love to hear feedback, if we’ve missed something or need to remove something.