Facebook Ends 2012 on The Up

Facebook's Q3 earnings left something to be desired, as the social network posted a net loss. Zuckerberg and company have ended 2012 on a financial high note, however, as Facebook raked in $1.585 billion in revenue and net income of $64 million.

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Samsung Announces Profits of $8.27 Billion For Q4 2012

As Samsung predicted, Q4 2012 was another big one for the company with 8.84 trillion won ($8.27 billion) in operating profits, around double what it reported for the same period back in 2011. Revenue was also up, showing a gain of 18.5 percent from the same period last year. The company reported "strong" sales of its tablets and smartphones, specifically calling out the Galaxy Note II which was last seen crashing through the 5 million sold mark. For its TVs, Samsung claimed overall demand was flat from last year, however a focus on higher end LED models drove higher profits. For the future, Samsung sees the 60-inch and higher market growing in 2013, however Q1 sales are expected to be slow before the new models are introduced. Hit the source link to check out the PDF yourself, we're still digging through the report and listening in on its conference call but we should have more information soon.

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Microsoft Shows Record Revenue of 21.5 Billion in December Quarter

It looks like Microsoft had a decent end to 2012.

Microsoft reported earnings-per-share of $0.76 on revenue of $21.46 billion in the December quarter, beating EPS estimates by a penny but coming in just shy of Wall Street's consensus estimate for revenue of $21.6 billion. Nonetheless, Microsoft's revenue for the quarter set a new high.

The Windows division of the company had a particularly strong quarter, generating $5.88 billion in revenue, a 24% increase from the same period a year before. Even when you factor in deferred revenue from Windows upgrade offers, Windows revenue was still up 11% year-over-year.

"Our big, bold ambition to reimagine Windows as well as launch Surface and Windows Phone 8 has sparked growing enthusiasm with our customers and unprecedented opportunity and creativity with our partners and developers," Microsoft's CEO Steve Ballmer said in a statement. "With new Windows devices, including Surface Pro, and the new Office on the horizon, we’ll continue to drive excitement for the Windows ecosystem and deliver our software through devices and services people love and businesses need."

Microsoft did not break out sales figures for its new Windows 8 products, other than to restate that it has sold more than 60 million Windows 8 licenses to date.

Microsoft's stock was up down by about 1% in after hours trading following the earnings report.

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