Yesterday was a big day for tech companies announcing quarterly financials. Google revealed Q2 revenues were up 35% to $12.2bn, while net income rose 11% to $2.8bn. SVP Nikesh Arora hailed the company’s “tremendous amounts of headway in the content space” signing music, films and other content for its Google Play store. Things are less rosy at Microsoft, which posted its first ever loss as a public company – $492m – albeit due to a huge $6.2bn writedown on the value of an advertising company acquired in 2007. Microsoft’s Entertainment and Devices division saw revenues up 20% year-on-year to $1.8bn. And then there was Nokia, whose mobile phone division recorded an operating loss of €474m as revenues fell 26% to €4bn in Q2. The company says it shipped 4m Lumia Windows Phones in the quarter, but it’s unclear how many have actually been sold through.
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