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Fourth quarter and full-year results from Microsoft

Microsoft has announced its fourth quarter and full-year financial results.

Quarterly revenue was up 10% year-on-year to $19.90 billion (£13.01 billion), while annual revenue was up 6% to $77.85 billion (£50.91 billion).

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LG transforms future flagship devices by dropping the 'Optimus' name

LG transforms future flagship devices by dropping the 'Optimus' name

LG Electronics says its next flagship smartphone - rumoured to launch early next month - will be known as the G2.

Future smartphones in the same series will carry the ‘G’ premium branding and will drop the ‘Optimus’ name that’s previously been used.

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Google reveals quarterly results

Google has announced its quarterly results for the three months until 30th June 2013. Revenue was up 19% year-on-year to $14.11 billion and net income was up 16% to $3.23 billion, although operating income was down slightly to $3.12 billion.

Revenue at Motorola Mobile increased to $998 million, although operating losses grew to $342 million.

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Over 5 million smart watches expected to ship next year

New research from Canalys anticipates more than 5 million smart watches being shipped worldwide next year, which is a 900% increase on this year’s figures.

The company reckons over 330,000 smart watches were shipped last year, with Sony and Motorola leading the market. Over half a million smart watches are expected to ship in 2013.

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Nokia interim quarterly results show a mixed picture

Nokia has published interim results for its April-June financial period and also for the first half of 2013.

Net sales for the quarter were down 24% year-on-year to €5.7 billion (£4.9 billion).

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