Written by: Beverley Head | Published in: TechnologyAfter investing $1.1 billion in its core systems revamp, Commonwealth Bank not surprisingly is now crowing over the competitive edge the bank claims it has delivered as the project edges toward completion.
Today after the bell, Apple reported its fiscal fourth quarter financial performance, including revenue of $42.1 billion, and earnings per share of $1.42. Analysts had expected Apple to report profit of $1.31 per share, on revenue for the period of $39.85 billion. During the fiscal quarter, Apple had net profit of $8.5 billion, up 13.3% from $7.5 Billion in the same quarter last year.
The Commonwealth Bank today turned in a bumper result for its full financial year, confirmed that it’s passed the halfway mark in terms of its progress with core banking modernisation, and announced that it was poised to launch mobile applications which would position it to compete with other banks as well ICT companies now muscling into the payments arena.
HTC made a profit for the second straight quarter, which is something we haven’t seen in a while. They just reported 3rd quarter results which showed NT 0.6 billion ($19 million) in net profit after taxes. Interestingly enough this small profit is lower than the last quarter, which came in at NT 2.3 billion ($75 million).
LG announced their financial results for the fourth quarter of 2013, and it looks like they did pretty well! The South Korean company announced that they made an overall revenue of $14.03 billion, making their end of year total $53.10 billion.
It's sad that the only time Sony hasn't posted a loss in the last five years is when it sold off its HQ buildings a year ago for a billion each. Hopefully the PS4 sells at a profit right out of the gate.
Samsung has issued preliminary earnings guidance for Q4 and said its expectation is another record quarter with consolidated profit of around 8.8 trillion Korean won ($8.3 billion), on consolidated sales of approximately 56 trillion Korean won ($53.6 billion).
Apple CEO Tim Cook announced today during the company’s FY Q4 2014 earnings call that Apple’s cumulative App Store downloads have now topped 85 billion up from 60 billion around a year ago. The number was announced alongside news of Apple’s massive quarter, and its record-breaking sales of the iPhone 6 and 6 Plus devices.