Hasta La Gadget!

AT&T is joining the slew of other companies posting quarterly results this week, with the company releasing its Q4 2012 financials today. The company experienced another loss in Q4 2012, but the good news is that AT&T’s loss is growing smaller year-over-year. For Q4 2012, the company posted a net loss of $3.9 billion, which is compared to AT&T’s net loss of $6.7 billion in the same quarter a year ago.

That puts diluted earnings-per-share at -$0.68 for the quarter – certainly better than the earnings-per-share of -$1.12 the company posted the year before. When things like the impact from Hurricane Sandy and the sale of Advertising Solutions are taken into account, AT&T’s adjusted earnings-per-share were $0.44. Consolidated revenue was $32.6 billion, remaining mostly flat year-over-year, increasing only 0.2% over the year-ago quarter.

AT&T managed to add 780,000 new subscribers during the quarter, with company calling it the largest increase in three years. AT&T sold 10.2 million smartphones in the fourth quarter of 2012, setting a record for the company. The company activated 8.6 million iPhones, but AT&T also said that it had its best quarter ever for Android sales. In all, AT&T says that smartphones now account for 89% of all postpaid phone sales, which isn’t bad at all.

For the year as a whole, the company’s consolidated revenue hit $127.4 billion, which is up ever so slightly over 2011′s revenue of $126.7 billion. Net profit settled at $7.3 billion for the year, jumping significantly over 2011′s $3.9 billion, and earnings-per-share came in at $1.25, very nearly doubling 2011′s take of $0.66. Looking forward, AT&T expects consolidated revenue growth for 2013 to exceed two percent while it’s also projecting that wireless service and wireless consumer revenues will remain strong.

[via AT&T]

AT&T posts $3.9 billion net loss for Q4 2012 is written by Eric Abent & originally posted on SlashGear.
© 2005 – 2012, SlashGear. All right reserved.

Last night, Logitech reported their Q3 2012 earnings, and things didn’t look so good. The company reported an operating loss of $180 million with sales down 14% from last year. As a result, Logitech announced quite a few changes coming to its product lineup, including the dismantling of its console gaming peripherals. However, CEO Bracken Darrell clarified that the Harmony business is not shutting down, but will rather be put up for sale. The company also noted that they’re still focused on PC peripherals, such as the G-series line of gaming keyboards and mice.

In a thread posted on the Logitech forums, Darrell told Logitech fans that the company has “publicly announced a plan to hold the Harmony business for sale.” He also assured users that “Logitech is not shutting down the Harmony business and certainly not the service.” The sale will not impact Harmony users, and customer support and warranties will still be provided.

The company also announced via Twitter that “PC gaming continues to be a priority for the company.” While Logitech will be discontinuing its console gaming products and exiting that business, the company is still committed to providing PC accessories and peripherals to its customers, resulting in a huge sigh of relief for PC users everywhere.

Logitech’s Q3 sales came in at $615 million, which is quite a significant drop from last year’s $715 million. Overall, sales for the company dropped 8% in North America, 20% in Europe, the Middle East, and Africa, and 11% in Asia. The discontinuation of other non-strategic products, such as speaker docks and console gaming peripherals, will be completed by the end of 2013.

Logitech makes itself clear: “We are NOT exiting PC gaming” is written by Craig Lloyd & originally posted on SlashGear.
© 2005 – 2012, SlashGear. All right reserved.

Yesterday Apple announced new record results for their financial Q1 2013 including sales of iOS devices as well as overall revenue, and with those announcements came an invite from Tim Cook to employees for a town hall meeting being held this morning. This town hall meeting will likely be extremely similar to the meeting held last year at this time after the company released its 2012 Q1 financial results, question and answer session included. At the moment we’re not entirely sure if we’ll be seeing the results of this session or if it will be closed-door employees-only in the end.

This meeting will, on the other hand, be broadcast live throughout the Apple Cupertino campus as well as other Apple employee locations. This way as many Apple employees as possible can see the session and enjoy the large group hug that they’ve earned upon creating this record-breaking quarter. The full email, according to unnamed employees sending the mail into 9to5Mac, came through last night after the earnings call.

Team, We’ve just reported another record setting quarter, thanks to everyone’s incredible hard work and focus. We sold over 75 million iOS devices in the holiday quarter alone, which is a testament to the strength of Apple’s innovation. Please join me for an employee communications meeting tomorrow at 10 a.m. Pacific time in the auditorium of De Anza 3.

We’ve created a space on AppleWeb where you can submit your questions in advance, and we’ll do our best to answer as many of them as we can during the meeting. The meeting will be broadcast live throughout Cupertino and at many other Apple locations.

Please check AppleWeb for details.

Tim

Employees are able to send in questions before the event and answers will likely be made available based on their importance to the event – though live, we must expect, one way or the other. Apple’s earnings call included a Q and A session that revealed several interesting points including those surrounding the supply constraints in the iMac as well as the iPad mini, this accounting for less sales than Apple feels it would have been capable of otherwise.

Have a peek at the timeline below to see every bit of detail from the financial report released yesterday as well as the Q and A that followed. Let us know if you’re expecting anything fantastical from the Town Hall meeting that’s occurring today, and be sure to stay tuned to our sizable Apple hub as well through the future!

Apple employee town hall meeting letter sets the tone is written by Chris Burns & originally posted on SlashGear.
© 2005 – 2012, SlashGear. All right reserved.

It looks like Nokia’s hard work is beginning to pay off. Nokia has released its full year 2012 and Q4 financial report today. In its report, Nokia said that it was able to sell 4.4 million Lumia smartphones, 9.3 million Asha full touch smartphones, and 2.2 million Symbian smartphones. The sales also caused an uptick, reaching $10.73 billion in overall profit for the previous quarter. But when balanced with Nokia’s restructuring costs and other expenses, the remaining profit was reduced to $585 million. (more…)

By Ubergizmo. Related articles: WTconference 2013, Munich/ Europe, Google+ For iPhone And iPad Launches In 48 More Countries,

Nokia may be struggling a bit, but its Q4 2012 earnings report shows that the company made a profit this time around. They earned a revenue of $10.6 billion, which is down from $13.4 billion a year ago, mostly thanks to declining sales. However, they ended up profiting $269 million (net profits) for the quarter, compared to a $1 billion loss a year ago.

As far as smartphone sales go, Nokia said it sold 15.9 million smartphones, including 4.4 million Lumia phones, during Q4 2012, which is down from 19.6 million a year ago. However, they sold a total of 45 million mobile phones altogether. In comparison with Apple, who announced their earnings yesterday, the Cupertino-based company sold almost 48 million iPhones during the last quarter.

Perhaps the biggest hit that Nokia took this quarter was that the company sold only 4.6 million handsets in China, a 69% drop from a year ago, with sales revenue in the country down 79% to $284.4 million from the previous quarter. While Nokia CEO Stephen Elop said he was excited about the company reaching a profit, he cautioned that more cutbacks may be imminent.

Nokia had led the mobile phone market share for 14 years, with its global market share peaking at 40% in 2008, but Samsung recently overtook the once-dominant company as the world’s top mobile phone maker. However, Nokia’s “better than expected” sales of their new Lumia phones proved to be a huge help in getting the company into the black.

Nokia posts Q4 2013 earnings, profits $269m with $10.6b in revenue is written by Craig Lloyd & originally posted on SlashGear.
© 2005 – 2012, SlashGear. All right reserved.