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, services and related software have begun releasing their earnings reports for the latest quarter. The reports come as consumers shift their spending toward phone and tablets and away from traditional PCs. Here's a look at how selected companies are faring.
— April 5: Estimates from Samsung Electronics Co. show that operating profit for the first quarter grew 53 percent from a year earlier to 8.7 trillion won ($7.7 billion), outpacing expectations for what's normally a slow time for consumer electronics sales. Revenue grew 15 percent to 52 trillion won. Analysts say Samsung benefited from smartphone sales and shortages in memory chips for personal computers.
— April 10: Research firms IDC and Gartner release reports showing unprecedented declines in sales of desktop and laptop machines during the first three months of the year. IDC says first-quarter shipments of PCs fell 14 percent worldwide from a year earlier. That's the deepest quarterly drop since the firm started tracking the industry in 1994. Another research firm, Gartner Inc., pegged the first-quarter decline at 11 percent. IDC Vice President Bob O'Donnell says Microsoft's release on Windows 8 in October "not only didn't provide a positive boost to the PC market, but appears to have slowed the market.
— Tuesday: Intel Corp, the world's largest maker of chips for PCs, remains steadfast amid the drastic slowdown in computer sales. It says it's keeping its sales and margin forecasts for this year. The company is helped by rising shipments of chips for servers. Intel says it shipped 7 percent fewer PC chips compared with a year earlier, but 6 percent more server chips. Intel meets analyst forecasts for the just-ended quarter.
— Thursday: Microsoft Corp. says revenue and net income surged in the latest quarter, but much the gains were due to the recognition of sales that occurred before the launch of the latest versions of Windows and Office. Microsoft's Windows division reports a 23 percent increase in revenue to $5.7 billion, but adjusting for the deferred revenue, revenue was flat.
IBM Corp. says first-quarter net income fell 1 percent due to delays in closing several large software and mainframe computer deals. IBM is seen as a good gauge of technology demand because it sells to major companies and governments around the world. That said, it's not immune from economic uncertainty and currency fluctuations, which showed in the quarter's results. IBM says weakness in the Japanese yen hurt the quarter's results. A weak yen translates to fewer dollars for IBM on sales in Japan.
Nokia Corp.'s earnings report shows that it continues to take a hammering in the smartphone market, with revenue falling by 20 percent to 5.8 billion euros ($7.6 billion) in the first three months of the year. Mobile phone sales volumes fell across the globe — especially in China, which saw a 60 percent drop. The number of smartphones sold dropped 49 percent to 6.1 million units. Sales of other phones fell 21 percent to 55.8 million.
— April 23: Apple Inc.
— May 9: Sony Corp.
— May 21: Hewlett-Packard Co., Dell Inc.
— June 28: Research in Motion Ltd.