Microsoft sold 8,4 million Lumia smartphones – loss after writeoffs

Microsoft (MSFT) revenue was stable during the three months period ending in June 2015. The company made 22,2 billion dollars revenue compared to 23,4 billion dollars a year ago.

On the other hand the company made 8,4 billion dollars writeoffs and the operating loss was 2 billion dollars compared to 6,4 billion dollar profit year ago. Loss per share was 0,40 dollars. The biggest impairment test was done in the former Nokia Devices Unit with the amount of 7,5 billion dollars plus restructuring charge of 780 million dollars.

Research and Development stayed at the same level and was 3 billion dollars during that quarter.

The company sold 8,4 million Lumia smartphones during that period. The growth was over 10 percent over prior year full quarter sales, 5,8 million units post-acquisition and 1,7 million units pre-acquisition. On the other hand revenue from Lumia smartphones declined.

The company is not making any forward looking financial statement.

Microsoft share closed to 47,28 dollars, up 0,77 percent in New York.

Business Tech

Apple sold 47,5 million iPhones – sales fell in China

Apple (AAPL) sold 47,5 million iPhones during the last quarter ending in June. According to the company the revenue during that period was 49,6 billion dollars and net profit was 10,7 billion dollars, 1, 85 dollars per share. 64 percent of the sales came from international markets.

According to the company guidance for the fiscal 2015 fourth quarter, Apple expects the revenue to be between 49 and 51 billion dollars and gross margin between 38,5 and 39,5 percent.

The sales in China fell during the third quarter to 13,2 billion dollars compared to 16,8 billion dollars a quarter earlier. This is a clear sign of the Chinese markets economy slowdown.

– We generated very strong operating cash flow of 15 billion dollars and we returned over 13 billion to shareholders through our capital return program, the company said in the statement.

During the reported period Apple also increased its R&D expenses to 388 million dollars compared to 313 million dollars year ago. Also the cost of sales rose to 148 million dollars compared to 115 million dollars year ago.

Apple is not publishing its Apple Watch figures but the company states in the press release that they are very confident and happy about the market debut. The company is also going to launch its Apple Pay in the UK during the couple of weeks.

The company share fell to 130,75 dollars, down 1,0 percent in New York.

Business Tech

Audi, BMW and Daimler to buy Nokia Here /WSJ

According to the Wall Street Journal, the German car manufacturers will buy the Nokia digital mapping service Here. Audi, BMW and Daimler will buy the unit with 2,5 billion euros according to the WSJ. The deal is expected to be finalized by the end of this month.

Nokia has been on and off with the negotiations, but if this deal proceeds it will mean that Nokia will focus on wireless network equipment and services. Nokia is also in the process of buying the French Alcatel Lucent with 15,6 billion euros.

Nokia shares has been up with over 330 percent during the last three years. Today the share fell by nearly 2 percent to 6,2 euros.

Business Tech

Smart Mazda CX-3 for safe driving

IMG_0019.JPGThe Mazda CX-3 is a new innovation from the Japanese manufacturer. According to the company, the new model was launched globally in June 2015. There are plenty of new elements embedded in the car for secure and safe driving. The car itself is a good example of the new wave of sport utility vehicle, which can offer you different new technology innovations. The aim is to lower the CO2 levels and increase the safety and comfortability in the car.

”Skyactive-technology” in the car

According to Mazda the ”Skyactive-technology” is a comprehensive design philosophy, which offers you economic and lower CO2 emissions, but still having the same driving experience and usability. After the test driving I can say the usability and steering of the car is good, reversing and parking are easy to handle because of the great view from mirrors.

This kind of easy driving but safety embedded is a good choice for weekend and city driving, but it also gives easy access to a cottage road, because of high ground clearance. We recommend the car would be equipped with four-wheel drive. The CO2 emissions are from 105 to 150 g/km according to the company information (different models) and the consumption is around 6 liters per 100 km.

Safety on the roads

Mazda has developed several different smart solutions for safety. For example the sensors in the car makes driving safer, because the system alarms you if there is another car next to you when you are about to change lanes or if you are near to exit your lane on the road accidentally.

Then there are small, but important things like automated wind stoppers during the rain, engine stops automatically when you are stopped on red lights, Bluetooth – integration for your own music like Spotify and automated braking in low speeds if there is possibility of an accident.

The new Mazda CX-3 is very easy to drive and the dashboard is well-organized, it is easy to access every button while driving. Navigation is a supplementary element, so it is not integrated.

Testcar used had 120hp, which accelerates the car from 0 to 100 km/h (0-60mph) in 9 seconds, so it manages well with different occasions on the road.

We liked the overall design of the car, it is sporty and modern, but still somehow unique. The safety software and low CO2 emissions are elements one can enjoy, when using this car during for example the weekend travels.

Päivi Härkönen

Technical details of the test car:
Mazda CX-3 Skyactive G (2,0) 2015
Fuel: Petrol
Consumption: 5,9 liters (Combined)
CO2 g/km: 137
Hp: 120
Front-wheel drive
Manual transmission

#Mazda
#Bluetooth
#Spotify

Business Design Tech

Google to launch a new company for smart cities

Google (GOOG) has launched a new company called Sidewalk Lab to develop services and products for smart cities. Sidewalk is focusing to improve the life for everyone by developing and incubating urban technologies to adress issues like lowering the cost of living, efficient transportation and energy usage.

According to Google, new services and products like internet of things and flexible buildings and infrastructure allow cities to tackle the problems. The company will be lead by Dan Doctoroff, former CEO of Bloomberg News.

Business Tech

Tesla to provide green energy for homes/offices & utilities

Tesla Motors (TSLA US) is entering new markets beyond electric cars. The CEO  Elon Musk announced on Wednesday that the company is starting delivering  so called Powerwalls, which enable homes to store for example solar energy to be used during the peak hours. Tesla says that this is a new innovation with easy to use and install and the battery itself is well designed and offer different colors. The deliveries of this lithium-ion batteries will start late summer this year and the walls are 7 kWh or 10 kWh priced 3500 dollars.

According to Musk the goal is to fundamentally change the way the world uses energy. “We are talking at the terawatt scale. The goal is complete transformation of the entire energy infrastructure of the world” , he said in the launching event.

Tesla is also making so called PowerPack solutions for corporations and utilities. So far the power industry has lacked a cost-effective solution for energy storage and this issue is growing all the time, while there is growing amount of solar and wind energy to be integrated into the grid. Tesla is building its own gigawatfactory and has also several co-operations agreements with local utilities and industries.

Tesla share closed to 226,03 dollars in Nasdaq New York.

IMG_0853

Business Tech

Apple sales jump – market cap to exceed 1000 billion?

Apple announced a record quarter today. According to the company, revenues jumped to 58 billion dollars, up 27 percent and net income was 13,6 billion dollars during the second quarter ending March 2015.

Earnings per share was 2,33 dollars, when the markets were expecting 2,16 dollars according to Bloomberg.

The Sales in China exceeded the US Sales for the first time. The company sold 61,2 million units during the quarter, of which 16,8 million in China.

The Sales of IPads were down by 23 percent to 12,6 million units. This is the fifth quarter of declining sales figures for tablets.

Strong results and Apple Watch have boosted new target price, which would mean the market value of 1000 billion dollars. Apple closed up 1,8 percent to 132, 65 dollars in New York.

Business Tech