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US Cellular’s latest figures show that while the network saw its revenues remain constant, net profits fell by nearly half compared to the same period last year. It coined $35.5 million in net profit this quarter, down from the $62.1 million it made in Q3 2011 despite bringing in $1.04 billion in turnover both times. The cause of this reduced profitability is said to be down to higher subsidies on LTE devices, which represented a full 50 percent of the company’s smartphone sales in the quarter.

While the carrier has reversed the trend of losing customers, it only managed to add a rather measly 9,000 new customers in the three-month period. That could be part of the motivation behind US Cellular selling off a big chunk of its Midwestern operations to the now cash-rich Sprint — so it can concentrate on areas where business is stronger.

Filed under: Cellphones, Wireless, Mobile

US Cellular takes hit on LTE devices, profits halved to $35.5 million in Q3 2012 originally appeared on Engadget on Wed, 07 Nov 2012 07:59:00 EDT. Please see our terms for use of feeds.

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Clearwire’s figures show that the network it isn’t cool to love will be making placating faces at its bank manager for yet another quarter. It pulled in revenues of $313.9 million for the three month period, but with business costs (and depreciation) clocking in at $646.7 million, the company posted an operating loss of $332 million and a net loss of $41.3 million. If that wasn’t bad enough, it’s also hacked back a target to add TD-LTE to 5,000 sites before mid-2013 to just 2,000. A similar problem has occurred over at newly-minted majority owner Sprint, which has found itself a quarter behind its own LTE timetable thanks to parts shortages — so let’s hope the folks over at Softbank can help both companies improve their estimating skills.

Continue reading Clearwire sees wholesale revenues dip, LTE delays as it posts a $41.3 million net loss in Q3

Filed under: Cellphones, Wireless, Mobile, Sprint

Clearwire sees wholesale revenues dip, LTE delays as it posts a $41.3 million net loss in Q3 originally appeared on Engadget on Fri, 26 Oct 2012 07:23:00 EDT. Please see our terms for use of feeds.

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AT&T’s third quarter figures have shown that the network certainly has a handle on this “selling smartphones” malarkey. In the last three months, it’s managed to ship 6.1 million smartphones, of which 4.1 million were iPhones — which has helped the company to maintain a turnover of $31.5 billion, just $0.1 billion below the previous quarter. Notably, net profits tumbled to $3.6 billion, down from $6.8 billion in Q2, but that’s easily explained away with a $3.8 billion share buyback scheme and the company’s continued cost of building new LTE infrastructure. It’s also managed to squirrel away $6.5 billion in cash under the mattress for a rainy day.

Digging into those numbers, it’s been able to add a new 678,000 new wireless customers to its business, making a total of 105.9 million users on its network. 44.5 million of those people, or 63.8 percent of ’em, are now smartphone users, and AT&T said it had a “record sales quarter” with Android and Windows Phone handsets. It also coaxed 200,000 new U-verse TV subscribers and 613,000 high-speed internet users to sign up with Ma ‘Bell. If you’d like to see Ralph de la Vega give you his personal take on the company’s rosy financials, then head on past the break — but be warned, at no point does he swim through a pool of money screaming “I’m king of the world!”

Continue reading AT&T sells 4.7 million iPhones and 1.4 million other smartphones, makes $3.6 billion profit in Q3

Filed under: Cellphones, AT&T

AT&T sells 4.7 million iPhones and 1.4 million other smartphones, makes $3.6 billion profit in Q3 originally appeared on Engadget on Wed, 24 Oct 2012 07:50:00 EDT. Please see our terms for use of feeds.

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After delivering an overachieving laptop, Lenovo has delivered financial results that also exceeded expectations, producing $8 billion in revenue and $141 million net profit. Those figures are up 35 and 30 percent respectively over last year, which the company has chalked up to a higher than ever market share of 15 percent. That growth came in part from a 59 percent sales bump in emerging markets like India and Brazil, on top of a 9 percent spurt in its home market — lifting the company 24 percent in world-wide PC shipments for the quarter. Lenovo has also become the second largest player in China’s smartphone market, after Samsung, now up to a 13 percent market share. CEO Yang Yuanqing also proclaimed that, unlike other Redmond partners, he wasn’t stressed about Microsoft’s Surface tablet — and that his company had “much better hardware” than the software giant.

Continue reading Lenovo’s Q1 shows ‘record high’ market share, profits up 30 percent to $141 million

Filed under: Laptops, Tablet PCs

Lenovo’s Q1 shows ‘record high’ market share, profits up 30 percent to $141 million originally appeared on Engadget on Thu, 16 Aug 2012 06:27:00 EDT. Please see our terms for use of feeds.

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