Sunday, November 11, 2012

Google Android News Android Forums

Google Android News Android Forums

NVIDIA Reports Record Revenue For Q3, Gives Sunny Forecast For Company’s Future

Posted: 10 Nov 2012 08:51 AM PST

 

It’s no secret that NVIDIA has much of the smartphone and tablet market cornered with its impressive line of processors and GPUs, but NVIDIA has a lot to smile about today thanks to its recently announced Q3 earnings. According to its report, the company made an astounding $1.20 billion in Q3, which is up 15.3% from Q2 2012 and 12.9% from Q3 2011. As expected, NVIDIA head Jen-Hsun Huang highlights the secret to NVIDIA’s winning formula :

 

“Kepler GPUs are winning across the special-purpose PC markets we serve, from gaming to design to supercomputing. And Tegra is powering some of the most innovative tablets, phones and cars in the market.”

 

Now that NVIDIA has jumped on its success, we should its impressive chipsets in even more Android devices. More details are available once you hit the presser after the break.

 

NVIDIA Reports Financial Results for Third Quarter Fiscal Year 2013
NVIDIA Initiates Dividend; Extends Share-Repurchase Authorization

Nov 08, 2012 (Marketwire via COMTEX) –NVIDIA (NASDAQ: NVDA)

Record revenue of $1.20 billion.
GAAP net income was $209.1 million, or $0.33 per diluted share. Non-GAAP net income was $245.5 million, or $0.39 per diluted share.
GAAP gross margin was a record 52.9 percent. Non-GAAP gross margin was a record 53.1 percent.
NVIDIA initiated quarterly dividend of 7.5 cents a share.

NVIDIA (NASDAQ: NVDA) today reported record revenue of $1.20 billion for the third quarter of fiscal 2013 ended Oct. 28, 2012, up 15.3 percent from the previous quarter and up 12.9 percent from a year earlier.

The company also announced that it is initiating the payment of a quarterly cash dividend, and extending its existing $2.7 billion share-repurchase program, initiated in August 2004, through December 2014.

“Investments in our new growth strategies paid off this quarter in record revenues and margins,” said Jen-Hsun Huang, president and chief executive officer of NVIDIA. “Kepler GPUs are winning across the special-purpose PC markets we serve, from gaming to design to supercomputing. And Tegra is powering some of the most innovative tablets, phones and cars in the market.”

He continued: “We are pleased to start paying our shareholders a quarterly cash dividend. We have confidence in our businesses and our continued ability to grow. Given our strong financial position and ongoing ability to generate cash, we are well positioned to continue investing in our future.”

GAAP Quarterly Financial Comparison
(in millions except per share data) Q3 FY13 Q2 FY13 Q3 FY12 Q/Q Y/Y
Revenue $1,204.1 $1,044.3 $1,066.2 up 15.3% up 12.9%
Gross margin 52.9% 51.8% 52.2% up 1.1 p.p up 0.7 p.p
Operating expenses $384.4 $401.1 $359.6 down 4.2% up 6.9%
Net income $209.1 $119.0 $178.3 up 75.6% up 17.3%
Earnings per share $0.33 $0.19 $0.29 up 73.7% up 13.8%

Non-GAAP Quarterly Financial Comparison*
(in millions except per share data) Q3 FY13 Q2 FY13 Q3 FY12 Q/Q Y/Y
Revenue $1,204.1 $1,044.3 $1,066.2 up 15.3% up 12.9%
Gross margin 53.1% 52.0% 52.5% up 1.1 p.p up 0.6 p.p
Operating expenses $344.8 $342.5 $317.6 up 0.7% up 8.6%
Net income $245.5 $170.4 $217.0 up 44.0% up 13.1%
Earnings per share $0.39 $0.27 $0.35 up 44.4% up 11.4%

*Non-GAAP earnings excluded stock-based compensation, amortization of acquisition-related intangible assets, other acquisition-related costs, a contribution expense in the second quarter of fiscal 2013, and the tax impact associated with such items.

Outlook

Our outlook for the fourth quarter of fiscal 2013 is as follows:

Revenue is expected to be between $1.025 billion and $1.175 billion.

GAAP and non-GAAP gross margins are expected to be flat relative to the prior quarter, 52.9 percent and 53.1 percent, respectively.

GAAP operating expenses are expected to be approximately $400 million; non-GAAP operating expenses are expected to be approximately $359 million.

GAAP and non-GAAP tax rates are expected to be approximately 20 percent and 19 percent, respectively, plus or minus one percentage point. This estimate excludes any discrete tax events that may occur during the quarter, which, if realized, may increase or decrease our actual fourth quarter GAAP and non-GAAP tax rates. If the U.S. research tax credit is reinstated into tax law, we estimate our annual effective tax rate for the fiscal year 2013 to be approximately 16 percent.

Depreciation and amortization for the fourth quarter is estimated to be approximately $58 million to $60 million. Capital expenditures are expected to be in the range of $60 million to $70 million.

Diluted shares for the fourth quarter are expected to be approximately 629 million.

Dividend and Share-Repurchase Program

The quarterly dividend of 7.5 cents per share, 30 cents on an annual basis, is equivalent to a yield of about 2.4 percent, based on the Nov. 7 closing price of $12.61. It will be payable on Dec. 14, 2012 to all shareholders of record on Nov. 23, 2012.

Since NVIDIA initiated its repurchase program in August 2004, NVIDIA has spent $1.46 billion to repurchase 90.9 million shares of its common stock. NVIDIA is authorized, subject to certain specifications, to spend up to an additional $1.24 billion repurchasing shares of its common stock.

Any future repurchases would be made in the open market, in privately negotiated transactions or in structured share-repurchase programs, and may be made from time to time or in one or more larger repurchases. The program will be conducted in compliance with the Securities and Exchange Commission’s Rule 10b-18 and applicable legal requirements and shall be subject to market conditions and other factors. The repurchases would be funded from available working capital.

Cash, cash equivalents and marketable securities at the end of the third quarter of fiscal 2013 were $3.43 billion.

Third Quarter Fiscal 2013 and Recent Highlights:

Microsoft launched its NVIDIA Tegra® 3-based Surface RT to critical acclaim.

NVIDIA’s new energy-efficient Kepler™ GPU architecture continued to make excellent headway:

Kepler-based gaming was extended to new, lower price points with the launch of the GeForce® 660 Ti, GeForce GTX 660, GeForce GTX 650 Ti and GeForce GTX 650.
Kepler made further inroads in supercomputing, as Oak Ridge National Laboratory announced that it had completed Titan, the world’s fastest open-science supercomputer. Titan gets 90 percent of its processing power from 18,688 NVIDIA Tesla® GPUs.
Kepler moved further into Apple’s lineup, with the NVIDIA Quadro® K5000 for Mac Pro users.
NVIDIA launched the VGX™ K2 GPU, also based on the Kepler GPU, for cloud-based workstation graphics.

CFO Commentary
Commentary on the quarter by Karen Burns, NVIDIA interim chief financial officer, is available at www.nvidia.com/ir.

 

Light Flow update released to support Nexus 4 and GMail 4.2

Posted: 10 Nov 2012 06:39 AM PST

Rage Consulting has released an update to their popular LED control app Light Flow bringing it up to to version 3.3.0. The new update adds support for LG Nexus 4 devices just in time for that device’s release. Along with the new handset support, Light Flow now supports several additional applications, most notable among them being GMail 4.2. For those not familiar with Light Flow, the app enables users to customize the LED notifications on your device. You can configure different colors for different notifications, set priorities, match these to sounds or vibrations, and establish sleep modes to help conserve battery life.

The app does have some specific hardware requirements, with HTC devices presenting the biggest challenges. If you are interested in Light Flow, grab the $2.49 app using one of the download links below or opt for the Lite version that is available for free.

QR Code generator
Google Play Download Link

Virgin Mobile to offer Samsung Galaxy S II for $369.99 starting November 15th

Posted: 10 Nov 2012 06:18 AM PST

Virgin Mobile is poised to start offering the Samsung Galaxy S II this coming week. According to sources, Virgin will make the device available for $369.99 starting on Thursday, November 15th. The device will be available in titanium and white. Users can then opt for a $35 per month plan. Although the Galaxy S II is now a generation old, the device remains popular. As we saw last week, even Sprint is working on a refreshed version to make available. The Galaxy S II still a solid smartphone device and could be a good option for some users looking to upgrade even older devices.

source: TechnoBuffalo

Android 4.1 Jelly Bean for Verizon Samsung Galaxy S III leaks once again, could be final build

Posted: 09 Nov 2012 11:12 PM PST

Verizon’s Galaxy S III has seen no shortage of leaked software updates. Earlier this month we came across an unfinished build of Android 4.1 for the handset, though it contained several bugs that hindered the overall usability of the software.

Posted yesterday, the new leak manages to address a few issues which could potentially prove to be valuable for custom ROM developers. It remains unclear exactly what has been changed, but users are acknowledging its improved performance and stability. In fact, the poster of the leaked firmware says it very well could be the final OTA that is slated to arrive for Verizon customers later this year.

You can download the leaked ROM in both odexed and deodexed versions, as well as find instructions on how to install it at the source links below. If you’re the adventurous type, let us know what you think of the new firmware in the comments.

Via: AndroidAuthority
Source: Xda-Developers, (2)

Nexus 7 explodes, gives new meaning to ‘burning rubber’

Posted: 09 Nov 2012 10:42 PM PST

What exactly happened to the above Nexus 7, you ask? Well, put simply–it exploded. Apparently the device spontaneously combusted as a result of being plugged in to a standard wall charger.

The owner, who posted the set of images in a Chinese forum, claims she left the device to charge for a total of 3 hours using the factory OEM charger before the tablet went up in flames. As we’ve seen before, these types of incidents leave plenty of room for controversy, though it seems as though this particular case is legitimate. In fact, ASUS has already acknowledged the problem and has sent out a fresh replacement free of charge.

Considering this is the first we’ve heard of this type of thing happening to a Nexus 7, we’re hoping the problem is isolated to this single unit. However, until we hear something official from ASUS, you may want to make sure your device isn’t sitting next to anything valuable or flammable.

Hit the break for a duo of additional images.

Source: Phandroid

Samsung Galaxy Note II now available from AT&T

Posted: 09 Nov 2012 10:13 PM PST

Despite being announced back in August, Samsung’s latest flagship phablet is just now making its way to North American shores. Beginning today, the company’s new Galaxy Note II is available to purchase from AT&T, both online and in brick and mortar stores. The S Pen-wielding superphone will set you back $299 with a new two-year commitment.

While that price may seem a bit steep, keep in mind that you’re getting the latest and greatest in terms of hardware, including a quad-core Exynos processor clocked at 1.6GHz, 2GB of RAM, a 5.5-inch HD Super AMOLED display and an 8-megapixel rear camera. But with other appealing smartphones like the Nexus 4 on the horizon, you’ll undoubtedly need a little insight before taking the plunge. So, why not check out our full review of the Samsung Galaxy Note II before making any final decisions?

Source: AT&T

Judge Lucy Koh agrees to hear Samsung’s accusations of juror misconduct in patent trial

Posted: 09 Nov 2012 09:04 PM PST

 

After the recent ruling in Apple’s favor on that infamous patent case, Samsung asked the court to investigate whether jury foreman Velvin Hogan had concealed information about previous legal situations that would provide basis for an anti-Samsung bias. Naturally, a bias like that could have had a significant impact on the jury’s ruling. Judge Lucy Koh issued a statement that she would be willing to to hear out Samsung’s claims on December 6th. In that statement, she said  ”the Court will consider the questions of whether the jury foreperson concealed information during voir dire [jury selection], whether any concealed information was material, and whether any concealment constituted misconduct. An assessment of such issues is intertwined with the question of whether and when Apple had a duty to disclose the circumstances and timing of its discovery of information about the foreperson.”

That’s important for several reasons. If Apple had learned that Hogan had concealed information, that would be a pretty serious hurdle to jump to uphold that ruling in Apple’s favor. If Samsung succeeds in putting casting enough doubt onto the jury, and can prove that it would’ve changed the outcome of the case, the entire lawsuit will get a retrial, which could possibly swing in Samsung’s favor. After being ordered to pay out over a billion dollars, I can imagine Samsung is really hoping this pans out.

source: The Verge

Motorola introduces ‘Test Drive’ feature for select few to test future software updates before release

Posted: 09 Nov 2012 06:22 PM PST

Right on the heels of the Android 4.1 Jelly Bean update on the DROID RAZR M today, Motorola has introduced a feature they’re calling ‘Test Drive.’ This feature will allow a select group of registered users to have access to the latest software and provide feedback before it goes public. There’s no mention of how or when those users will be selected however. Tenure maybe? The first group of “a few hundred consumers” that get to be a part of this new feature will be when Android 4.2 begins to roll out. This no doubt will be a pretty sweet, distinguished group of folks, so we’ll keep you updated as we learn more.

source:  Motorola Blog

Google and Asus offering refunds to certain Nexus 7 owners who purchased before recent price drop to cover the difference

Posted: 09 Nov 2012 06:05 PM PST

Both Asus and Google have announced a price protection program for those that bought a Nexus 7 within a specific time frame, before the price drop. First up is Asus. They’re offering UK customers that bought the 16GB Nexus 7 directly from either Google or Asus a ₤25 refund for those who bought one before October 29th. You must register your device with Asus and also provide a proof of purchase. You must also do so by November 30th. Next is Google as they are offering a $50 refund towards your account for those in the U.S. that purchased the 16GB Nexus 7 on or after October 14th.

source:  The Verge
Posted by at 7:04 AM

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)