Growth in the company's revenue, however, has slowed in recent years.

Storage products vendors, Seagate Technology, has announced that it recorded revenue of approximately $US3.7 billion with a gross margin of 28.4 per cent, net income of $US582 million, and diluted earnings per share of $US1.42 on a generally accepted accounting principles (GAAP) basis for its first fiscal quarter of 2013, which ended on September 28.

For its most recent financial quarter, IBM experienced declining revenue and flat income, though it still managed to deliver increased earnings per share.

Margins were however hit by the SuccessFactor acquisition, severance expenses, and new hires.

Second-quarter earnings are down from last year.

RIM says it expects to log an operating loss for the current quarter amid competitive pressures.

Lenovo's revenue in the quarter reached US$7.5 billion, up 54 percent year-over-year.

Dell's overall revenue falls by 4 percent and consumer revenue falls by 12 percent.

The two research firms however disagree on whether Samsung has beaten Apple in the smartphone market.

Sales of iPhones increase 88 percent year-over-year to 88 million units.

HP, Oracle and Apple make moves that highlight industry shifts.

Sony said the new forecast reflects the sale of its share in a joint venture making LCDs and the flooding in Thailand.

The Korean electronics behemoth said it will aim for products that create new categories, such as its Galaxy Note.

But the company adds 1.5 million mobile customers and 201,000 Fios broadband customers during the quarter.

The company is focusing more on the enterprise market to try to boost profits.

The company also topped Wall Street expectations.

IBM on Tuesday reported quarterly sales growth across all its major divisions and raised its earnings outlook for the full year, the latest sign that business spending in the IT sector continues to recover.

Cisco beat analyst estimates with its second-quarter earnings, posting revenue of US$10.4 billion and earnings per share, excluding expenses, charges and other items, of $0.37.

In its first earnings report since becoming a standalone company, Motorola Mobility said it was profitable in the fourth quarter of 2010 and shipped more than twice as many smartphones during the quarter as it did in all of 2009.

Speaking publicly for the first time since he was appointed CEO of Hewlett-Packard in late September, Leo Apotheker on Monday said that HP will focus more on software and that he still has some learning to do about the company.