Neowin

Even though the massive CrowdStrike outage caused billions in damages, insurance companies will cover only a fraction of the losses. A third of the total cost comes from the Fortune 500 businesses.

Martin Hodás · Jul 26, 2024 with 25 comments

Citymapper has released some financial information concerning 2021 and it looks like it made a loss of £7.4 million, in part due to the pandemic restrictions that were in place during that year.

Paul Hill · Jan 2, 2023 with 6 comments

Xiaomi reported losses for the Q1 2018. Despite the report sounding bad, if it continues this performance through the year it will have done better than in 2017. Xiaomi is expected to do an IPO soon.

Paul Hill · Jun 11, 2018 with 1 comment

Snap has released its third-quarter earnings report which reveals that the company lost $40 million on its goofy Spectacles. Earlier, Snap CEO Evan Spiegel said the company's future is in hardware.

Paul Hill · Nov 8, 2017 · Hot! with 16 comments

Japanese electronics company Sharp warned last Friday that it will be posting a 100 billion yen ($1.1 billion) loss for the current fiscal year, and also announced that there would be 1,500 contract worker job...

Matthew Hopson · Feb 10, 2009 · Hot! with 6 comments

CEO of Lenovo Group, William J. Amelio, resigned, as the World's fourth largest PC manufacturer announced a $96.7 million quarterly loss on Thursday, following declining sales as a result of the current economic climate. The...

Matthew Hopson · Feb 6, 2009 with 3 comments

Sprint Nextel reported deeper-than-expected subscriber losses on Friday and said it would cut about 4,000 jobs, sending its shares down 19 percent to their lowest level in more than five years. The No. 3 U.S....

· Jan 18, 2008 · Hot! with 12 comments

Microsoft's Entertainment and Devices division posted third quarter figures: a $315 million loss (down 22% from last year's $402 million) while sales slipped to $929 million (down 21% over last year's $1.18 billion), as the...

· Apr 26, 2007 with 5 comments

Atari Inc. yesterday said it was rereporting its fourth quarter and full-year earnings and had filed adjusted documents with the SEC. Atari had previously announced unaudited financial results for the fourth quarter and full year...

giga · Jul 4, 2006 · Hot! with -1 comments

Japanese game software and console maker Nintendo said on Wednesday it is unlikely to lose much money on the launch of its new "Wii" video game console, in sharp contrast to rival Sony Corp. expects...

Brad Sams · Jun 7, 2006 · Hot! with -1 comments

Microsoft has posted its revenue results for its second quarter ended 31stDecember, revealing a loss of USD 293 million from the division whichmanages its next-generation Xbox 360 console. Overall revenue for the quarter was posted...

· Jan 29, 2006 with -1 comments

It seems like every day that another game publisher comes out with its Q2 earnings report, and every one seems to tell a similar tale; lower than forecasted earnings and increased expenses. The latest...

· Aug 5, 2005 with -1 comments

New Sony chief executive Howard Stringer may be poised to make further major cost cuts at the giant company, with analysts anticipating that the firm will post its largest loss in two years for the...

· Apr 23, 2005 with -1 comments

Midway loses $25.7 million during the first half of 2004; president David Zucker says "The extraordinary annual losses are behind us." Beleaguered game publisher Midway today released financial figures for the first...

· Jul 29, 2004 with -1 comments

Sony predicts that its PSP handheld will make losses initially but will enjoy a lengthy lifespan of up to 10 years. According to a recent Reuters report, Sony does not expect to...

· May 18, 2004 with -1 comments

Despite cost-cutting and a smarter release calendar, the once-mighty publisher loses $31 million over nine months. When is a loss of $31 million over a nine-month period cause for celebration? When it's...

· Feb 18, 2004 with -1 comments

Although job losses continue to hit the U.S. technology sector, the rate of the employment decline is slowing, the American Electronics Association (AEA) said Wednesday. Cyberstates 2003, an annual study by the AEA,...

· Nov 22, 2003 with -1 comments

AOL Time Warner Inc., the world's largest media company, Wednesday posted a fourth-quarter net loss after taking a $45.5 billion noncash charge for the decline in the value of its embattled America Online business and...

Tom Warren · Jan 29, 2003 with -1 comments

For the first time Microsoft is revealing how much money it is losing on its Xbox game console. Documents filed with the US financial watchdog show that Microsoft's Home and Entertainment division, which includes the...

Marcel Klum · Nov 16, 2002 with 2 comments

Pop Quiz: What cuts me off after two hours, flogged Â£67m of net access but lost Â£22m in the three months to the end of September? Yep, BTopenworld - the ISP division...

· Nov 7, 2002 with 1 comment

A leading analyst house is urging mobile operators to abandon their plans for third-generation (3G) networks. In a note entitled 'Death bell tolls--3G RIP', Datamonitor analyst Nick Greenway writes: "Within the next...

Daniel Fleshbourne · Aug 17, 2002 with -1 comments

A slowdown in PC buying resulted in a sizable loss and a large decline in revenue for chipmaker Advanced Micro Devices. AMD's revenue for the second quarter, ended June 30, came to...

· Jul 17, 2002 with -1 comments