BlackBerry posts US $4.4 billion loss for 3rd quarter, announces Foxconn partnership

BlackBerry just posted a US $4.4 billion net loss from continuing operations. This is despite massive layoffs and a revamped leadership plus a renewed focus on enterprise solutions.

"With the operational and organizational changes we have announced, BlackBerry has established a clear road map that will allow it to target a return to improved financial performance in the coming year," acting-CEO John Chen said in a release today.

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Apple sells 26.9 million iPhones in record 4th quarter revenue and profit

Still buzzing from a slew of huge product announcements last week inclduding the much awaited ipad mini, Apple announced financial results for its fiscal 2012 fourth quarter ending September 29, 2012.

Apple posted quarterly revenue of $36.0 billion and quarterly net profit of $8.2 billion, or $8.67 per diluted share. These results compare to revenue of $28.3 billion and net profit of $6.6 billion, or $7.05 per diluted share, in the year-ago quarter. Gross margin was 40.0 percent compared to 40.3 percent in the year-ago quarter. International sales accounted for 60 percent of the quarter’s revenue.

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The Apple Beat: New highs and Siri-ously cool innovation

• Animated history of the iPhone
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• CNET UK

By Gadjo Cardenas Sevilla

It has been a week of big smartphone releases and as I watched most of the keynote speakers go on stage and reveal the hot new models and technologies that Apple's competitors have wisely started to differentiate themselves from the iPhone and now the iPhone 4S. Larger screens, high-speed LTE data capabilities and increasingly slimmer bodies are the areas where they are focusing on.

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Motoring: Ford posts best annual profit in 10 years

Ford Motor Co. announced today that they  had the best annual profit in 10 years. Ford earned $6.6 billion, or a $1.66 share, in 2010. That compared to a profit of $2.7 billion, or 86 cents a share, in 2009. Revenue rose 4% to $120.9 billion.

"Our 2010 results exceeded our expectations, accelerating our transition from fixing the business fundamentals to delivering profitable growth for all," said Alan Mulally, Ford's chief executive. "We are investing in an unprecedented amount of products, technology and growth in all regions of the world."

The secret to their success? Cost-cutting, a truly compelling stable of new vehicles and innovation in all areas.