Channel programs News
Channel Beat: Apple, EMC, Samsung Drop in Earnings
Apple earnings missed analyst expectations in the first financial quarter of this year, but the company did see 40 percent growth in the enterprise.
iPhone sales grew 1.7 percent during the quarter, but iPad sales dropped 25 percent from the same quarter last year. iPhone shipments were at the lowest levels we've seen since the product launched in 2007.
Despite those challenges, partners were pleased with the growth and and profits in Apple's enterprise segment.
EMC also fell short of Wall Street's revenue expectations in the fourth quarter, thanks largely to slowing demand in the traditional storage market.
Revenue for the quarter stayed flat with the same period last year, and Information Infrastructure grew 4 percent year over year.
The Dell-EMC acquisition is expected to close this summer.
Samsung suffered a particularly rough fourth quarter: The electronics giant reported a 40 percent decrease in net profit compared to the year before.
Samsung blamed the slump on declining smartphone demand, and the company said it anticipates an even more difficult year this year. Samsung only predicts single-digit growth in the smartphone and tablet categories, and will look to grow its share in the wearables market.