Applied numbers way up; smart phone shipments set new record; Intel shows off 14nm finFETs; Samsung to buy SmartThings.
Applied Materials announced its fiscal Q3 results. Net sales for the quarter were $2.27 billion compared with $1.98 billion in the same period in 2013, a 15% increase. Net income was $301 million for the period, compared with $168 million in 2013. On a non-GAAP basis, net income was $349 million, compared with $222 million in Q3 2013. The company expects fiscal Q4 net sales to be flat, plus or minus 3%, but up about 10% to 17% over Q4 results in 2013.
The world’s market for smartphones hit 301.3 million in Q2, setting a new record. That number is up 25.3% year over year from the 240.5 million units shipped in the same period in 2013, according to IDC. Android phones accounted for 84.7% of the market, up from 79.6% in 2013, while iOS phones shrank to 11.7% from 12.7%. But in absolute numbers, both Android and IOS phone shipments grew. Windows and Blackberry phones declined in share and units shipped.
Intel gave a peek inside its 14nm finFET process technology, which the company says reduces power by a factor of two while providing similar performance. The company expects processors using the new technology will begin showing up in products next quarter.
Samsung extended its reach in the Internet of Things with an agreement to buy SmartThings — which makes a hub that can be used to run a smart home. SmartThings will continue to operate independently and will become part of the Samsung Open Innovation Center headquartered in Palo Alto, Calif.
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