Hasta La Gadget!

ZTE has managed to break a run of two straight quarterly losses by posting a net profit of $33 million in its first 2013 financials. Unfortunately, the extra cash has come from selling a $133 million stake in surveillance firm Shenzhen ZNV, rather than any surge in handset popularity. A three percent fall in sales, project holdups, and squeezed margins have all helped to heap woes onto ZTE’s plate — not to mention the ongoing hostility from the folks in Congress.

Filed under: Cellphones, Wireless, Mobile

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Source: Bloomberg

By now, you’re probably aware that MetroPCS shareholders voted in favor of a merger with T-Mobile, and with regulatory red tape out of the way, both companies are now set to become one on April 30th. Now, MetroPCS has laid its Q1 2013 financials bare, which provides us with an excellent peek at T-Mobile’s future partner. First off, the company is making money, and its operational income is actually rising, but it’s also dealing with increased costs from loans, taxes and the like. Overall, MetroPCS reported a net income of $19.4 million for the first quarter, which is down from $21 million just one year ago.

Speaking of loans, MetroPCS has a ton of them. Its liabilities now sit at $10.3 billion, and its managed to take on $3.4 billion in financing during the last year alone. From a balance sheet perspective, 75 percent of the company’s assets exist as debt, and this is a burden that T-Mobile must now take on. Naturally, much of this merger was in effort to score additional spectrum, but Ms. Magenta also stands to gain 9 million new customers once the deal completes, 39 percent of which are LTE subscribers. Better yet, with a churn rate of 2.9 percent, they’re sticking around now more than any previous time in company history.

Filed under: Wireless, Mobile, T-Mobile

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Source: PR Newswire

AT&T just posted its earnings for the first quarter of 2013, and the market couldn’t help but ding the company, which is now trading down in after hours markets. The business as a whole posted a net income of $3.7 billion, which is slightly up from $3.6 billion one year ago. Meanwhile, company revenues took a slight hit, which sit at $31.4 billion — down 1.4 percent from the previous year. In terms of the company’s wireless business, though, there’s plenty of reason for optimism. The company was able to snag an additional 296,000 postpaid subscribers and put a solid 1.2 million people on smartphone plans during the quarter. For those keeping track, smartphone sales now account for 88 percent of AT&T’s postpaid handsets. Unsurprisingly, the company is making more money than ever off of its data plans, which account for $5.1 billion of the company’s business. As for the wireless segment as a whole, income is up 21 percent and AT&T is pulling in revenues of $16.6 billion with a 28 percent profit margin.

Encouraging signs were also revealed for U-verse, as the company’s broadband service netted an additional 731,000 internet subscribers and 232,000 television subscribers during the quarter — its best performance in two years — for a grand total of 8.7 million subscribers. Naturally, one segment of Ma Bell’s business isn’t looking too hot, and that’s the traditional wireline business, as revenues have fallen 10 percent from the previous year. Given the size of this segment, and the weakening demand for the service, it’s easy to understand why investors might be slightly uneasy, even in light of all the encouraging news.

Filed under: Wireless, HD, Mobile, AT&T

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Source: AT&T

Google’s out with its first quarter earnings this afternoon, and it’s reporting an even $14 billion in revenue, with net income clocking in at $3.35 billion. That’s a 31 percent increase year-over-year on the revenue side, and nearly a half billion dollar increase in net income (up from $2.89 in the same quarter of 2012). Compared to more recent quarters, though, the growth is a bit more flat: both Q3 and Q4 of 2012 were also around the $14 billion mark. In a statement, CEO Larry Page nonetheless characterized the numbers as a “very strong start to 2013,” adding that Google is “working hard and investing in our products that aim to improve billions of people’s lives all around the world.” As for how the company’s Motorola acquisition is working out, that division has seen a fairly steep drop in revenue, from $1.51 billion in the last quarter of 2012 to just over $1 billion this quarter, with it reporting an operating loss of $271 million. You can dig through all the numbers yourself in the press release after the break and at the source link below.

Filed under: Google

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Source: Google, Larry Page (Google+)

Panasonic’s NYC press event had more than pricing for its media streamers and Blu-ray players, as the company also put tags on its 2013 HDTVs. While it wasn’t ready to announces MSRPs for its top of the line ZT60 plasmas that impressed us greatly at CES, it did put prices and shipping windows on its other models (check after the break for a complete list). The former flagship VT60 series will be available in 55-, 60- and 65-inch versions later this month for $2,600, $3,000 and $3,600, respectively. Cheaper plasma models include the ST60 and S60 series, available in sizes up to 60-inches. Its top of the line WT60 LCD LED-lit models will also ship later this month, topped by the 55-inch version with a sticker price of $2,999.

The bad news? While Panasonic’s plasma manufacturing will continue, The Verge reports VP Kiyoshi Okamoto confirmed at the event that development has ceased on its plasma models, although some engineers have been shifted to work on OLED displays. We’ll see if its recovery efforts and technological developments lead to new large-size OLEDs anytime soon, but for now it appears we’re seeing the last of its efforts to push plasma technology forward.

Filed under: Displays, Home Entertainment, HD

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Source: Panasonic