As mentioned by Strauss and Karl, Take - Two had
a strong holiday quarter.
The technology giant reported
the strongest holiday quarter sales growth in eight years, fuelled by its dominance in e-commerce and a push into new businesses such as advertising.
Not exact matches
The company said in November when it reported its third -
quarter earnings that it was facing a slowdown in the number of people visiting its brick - and - mortar stores, although a
stronger housing market seems to have helped lift its sales over the
holiday season.
That's a significant slowdown from the 122 % year - over-year growth the service posted in the fourth
quarter (although the Q4
holiday period is seasonally
strong).
Walmart reported
strong holiday sales but said online sales growth slowed during the
quarter, marking a turn from three
quarters of booming web growth.
The world's biggest retailer reported
strong holiday sales Tuesday but said online sales growth slowed during the
quarter, marking a turn from three
quarters of booming online growth, and that its profit margin came under fresh pressure.
«TV shipment growth in China was
strong in the fourth
quarter, due to sell - in for the Chinese New Year
Holidays, which runs counter to the very weak conditions in other emerging markets,» said Paul Gagnon, director of TV research for IHS Technology.
Sales went up 120 % in the third
quarter vs. that period last year, and Ellison said he expects sales to continue being
strong in the
holiday season «primarily because we have a great credit offering.»
Although Akamai Technologies, Inc. (NASDAQ: AKAM) reported robust results for the previous
quarter, driven by
strong online
holiday sales, JPMorgan's Sterling Auty believes the March
quarter numbers will reflect the current state of the company's business better.
VANCOUVER, Canada — Lululemon Athletica Inc said on Monday it had a
strong holiday shopping season and raised its profit and revenue forecasts for the fourth
quarter.
Analysts claim it's quite normal, as Apple generally records a weaker first
quarter after
strong sales during the
holiday season.
Retrevo said that with the iPad 2 out since March, and with no iPad 3 expected until the second
quarter of 2012 or later, both newcomers are taking advantage of
strong holiday demand for something new in a tablet.
«A
strong fourth
quarter is always good for the American economy, but it's never good when consumers come out of the
holidays loaded down with unmanaged debt,» said Tran.
There are a number of reasons a company would choose do this, from preferring to avoid an accounting rush at end of year during
holiday season, to aligning with seasonality for their profits (some like to have Q4 as the
strongest quarter).
Our
strong sales performance over the
holiday period and throughout the fourth
quarter was driven by compelling Black Friday and
holiday promotions, driving growth in hardware, particularly the Nintendo Switch.
«During the
holiday season, we benefited from high consumer demand for our offerings, enabling our Company to deliver another
quarter of both
strong Net Bookings and net cash provided by operating activities,» said Strauss Zelnick, Chairman and CEO of Take - Two.
The increase in PlayStation 4 and Xbox One sales during the
holiday quarter was thanks to
strong consumer demand, lower price to entry and compelling software titles only available on next gen such as Fallout 4, Halo 5 and Star Wars Battlefront.
Apple's smartwatch had its
strongest quarter ever during the
holidays, Apple said, though the company didn't break out specific sales numbers.
Arcuri doesn't think that Apple will face the same production issues with its fifth - generation iPad, however, and projects that
strong demand for the larger model will help Apple sell an estimated 23 million iPads over the
holiday quarter.
Sales were
strong over the
holiday quarter as the biggest iPhone fans rushed to get their hands on the latest device.