Given its popularity, one might think that Instagram was earning millions of dollars through its followers. But what sort of an app will earn money if its only function is uploading or liking pictures? It barely earned a penny. Then, in 2012, it got a push because Facebook bought it for a billion dollars. However, the income was still meagre. Now in 2015, this is why it’s going to change:

Instagram will finally allow a fully operational Ad business, providing shopping links with their posts, aided by Facebook targeted groups. Yes, this means that Instagram, will now have a ‘Shop Now’ button that will [...]

Apple’s earnings report is out and the Cupertino based computing giant has exciting numbers to show. The Company posted quarterly revenue of $37.5 billion and quarterly net profit of $7.5 billion, or $8.26 per diluted share, compared to revenue of $36 billion and net profit of $8.2 billion, or $8.67 per diluted share, in the year-ago quarter. Gross margin was 37 percent compared to 40 percent in the year-ago quarter. International sales accounted for 60 percent of the quarter’s revenue.

Apple also sold 33.8 million iPhones compared to 26.9 million along with 14.1 million iPads during the quarter, compared to 14 [...]

Google has released its Q2 2013 earnings today and, though they appear strong in absolutes, they missed analysts’ expectations by a fairly wide margin.

The company posted $14.1 billion in revenue, up slightly from last quarter and an improvement of 20% from the previous quarter last year, but analysts were expecting  $14.4 billion. Net income was solid at $3.23 billion and $9.56 per share but, again, they were below expectations.

Motorola maintained its reputation as an anchor weighing down the otherwise-profitable Google, as the hardware division posted a quarterly loss of $342 [...]

Google presented its Q1 2013 earnings today and, overall, the company looks to be in good shape. Revenues of $13.97 billion were down slightly from the always-hot previous quarter, but that number was in line with analysts’ expectations. More impressive was the $3.35 billion net income, which was up over 30% from the same period a year ago.

Motorola Mobility continued to shed money, gross revenue of $1.02 billion and a net loss of $271 million. Patrick Pichette, Google’s CFO, said, ”We’re pleased with the velocity of change at Motorola Mobility. We’re excited about the future, but results will continue to be variable.” [...]

LG Q2 earnings are out as it registered net profits of $138 million, up 46 percent from the same period last year. The mobile division struggled after a strong Q1 and took an operating loss, however the positive takeaways are a rising percentage of smartphone shipments and plans to launch new LTE-connected models in North America. LG is also banking of future deployments in countries like India and China.

the home theater segment came out strong with an operating profit of more than double last year at $187.5 million despite slightly lower sales due to an increase in sales of premium products like its Cinema 3D HDTVs. LG also expects to be the top 3D display maker in [...]

Apple has announced their Q3 results and as always the company has posted a massive profit. The company pulled in $35 billion in revenue, pocketing $8.8 billion of pure profit, a record for both in Q3. Profits were up $1.5 billion from Q3 of 2011. During the last three months the company shipped 17 million iPads, an 84 percent increase when compared to the same quarter in 2011.

More than $16 billion of the total revenue is directly attributable to the smaller member of the iOS family, the iPhone. The iPad is also not behind getting over $9 billion in this quarter alone. As an up, Apple is able to award its investors a $2.65 per-share dividend.For the next quarter Apple [...]

Nokia’s Q2 result shows that the company has made a loss of over US $ 1 Billion in last quarter, however sales were at US $9.2 billion which is still .5 Billion lower than last quarter.

Nokia has sold a total of 73 million handsets, most of which are thanks to the Asha series. Nokia is low on cash reserves as the company shows total $5.1 billion in reserves vs the $6.3 billion in Q1. Nokia did get $250 million  support from Microsoft, but that does not have seemed to help the situation.

You can read the full report at the link below