Hasta La Gadget!

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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Earlier this month, Samsung stated that it expected profits of $7.28 billion for its third-quarter. The Korean company has surpassed that number, however, with its Q3 earnings press release boasting $7.4 billion in operating profits and a net income of $5.97 billion. The company’s Q3 profit in 2011 was $3.8 billion.

According to the press release, Samsung’s revenue is due primarily to smartphones and a “stronger demand for display panels.” The company’s Mobile Communications Business accounted for over half of the company’s revenue, while a higher demand for LCD and OLED panels contributed significantly to the Korean giant’s overall profits. Samsung’s Digital Media and Communications experienced a 41-percent year-on-year increase.

Said Robert Yi, Senior Vice President and Head Investor of Relations at Samsung, “The business environment remained difficult with global economic uncertainties persisting amid the fiscal concerns in the US and Europe. However, we continued to break our quarterly profit records.” Yi went on to state that it is expected that market competition will grow, but that the company will attempt to sustain its earnings in Q4 by “implementing strategies we have developed for our businesses.”

According to the press release, demand for smartphones and tablets is expected to increase throughout the rest of the year. On the other hand, demand for PC DRAM is expected to drop due to excess supply, with Samsung’s Semiconductor segment reporting a year-on-year sales drop of 8-percent. Decreased digital appliance sales is also expected due to an “unfavorable market.”

Samsung exceeds expectations with $7.4 billion Q3 profits is written by Brittany Hillen & originally posted on SlashGear.
© 2005 – 2012, SlashGear. All right reserved.

Amazon announced their earnings for the third quarter of 2012 today, and while they beat the expectations they set for themselves last quarter, they ended up with an operating loss of $28 million. However, the company’s net sales reached $13.81 billion dollars, which is a whopping 27% higher than last year.

With almost $14 billion in revenue, it’s certainly not good news that the company lost $28 million, especially when they profited $79 million during the third quarter of last year. However, back in July, Amazon said it expected anywhere from a $50 million to $350 million loss. Thankfully, their loss this quarter wasn’t in that range.

Of course, Amazon may just be prepping for the holiday season, as well as bolstering up their various web services. The company’s Kindle Fire HD 8.9-inch tablet has yet to be released and won’t be launched until mid-November, so you should expect Amazon’s fourth quarter to be slightly better, and the company expects sales to reach at least $20 billion next quarter.

Amazon has seen a lot of success with their recent devices. The Kindle Paperwhite is a huge hit, and eventually sold out when it first launched. Plus, the Kindle Fire HD is another hit amongst budget tablet users, and it’s been a great device for reading newspapers, magazines, and other periodicals.

Amazon posts Q3 2012 earnings, reports $28 million operating loss is written by Craig Lloyd & originally posted on SlashGear.
© 2005 – 2012, SlashGear. All right reserved.

Just a day after introducing the iPad mini, a revised iMac, a 4th-generation iPad and a retooled Mac mini, the company is outing its Q4 2012 earnings — and it looks as if it has narrowly fell short of Wall Street estimates. Revenue was pegged at $36 billion (compared to estimates of $35.08 billion), with net profit at $8.2 billion. For the sake of comparison, the outfit’s fourth quarter of 2011 saw $28.27 billion in revenue alongside $6.62 billion net profit — at the time, those comically large numbers were actually not up to Wall Street’s comical expectations. If you’re looking for a quarter-over-quarter comparison, the company’s Q3 2012 report showed $35 billion in total revenue, with $8.8 billion in net profits.

The company is guiding for $52 billion in revenues for Q1 2013, while announcing that it sold 26.9 million iPhones (up from 17.01 million a year ago), 14 million iPads (up from 11.12 million) and 5 million Macs (up from 4.89 million) in this quarter. As for the waning iPod business? Predictably, it sold just 5.3 million of those, representing a 19 percent drop from the year-ago quarter. Naturally, the company is expecting its next earnings report to be the one that blows everyone away, with holiday sales — combined with a slew of new kit — to propel things leading into 2013. Apple also announced that shareholders that hold stock as of November 12th will pick up a $2.65 / share dividend.

As for other specifics, we’re told that gross margin was 40.0 percent compared to 40.3 percent in the year-ago quarter, while international sales accounted for 60 percent of the quarter’s revenue. Peter Oppenheimer, Apple’s CFO, proudly boasted: “We’re pleased to have generated over $41 billion in net income and over $50 billion in operating cash flow in fiscal 2012. Looking ahead to the first fiscal quarter of 2013, we expect revenue of about $52 billion and diluted earnings per share of about $11.75.” As for the outfit’s current stash of on-hand cash? $121.3 billion. Yeah. The financial results call will get going at 5PM ET, and we’ll be liveblogging it right here!

Continue reading Apple Q4 2012 earnings: $36 billion in revenue, $8.2 billion net profit

Filed under: Desktops, Laptops, Apple

Apple Q4 2012 earnings: $36 billion in revenue, $8.2 billion net profit originally appeared on Engadget on Thu, 25 Oct 2012 16:31:00 EDT. Please see our terms for use of feeds.

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Canon just released its Q3 2012 earnings reported, and things aren’t looking peachy right now for the camera maker: revenue is down 13 percent to $10.3 billion from last Q3 last year, while profit tumbled by 42 percent. The Japanese company directed the blame toward the “negative impact of economic deterioration” in Europe and emerging markets like China, as well as the strong yen (again). DSLR sales fell over last year, with Canon mentioning that its launch of new models like the EOS 5D Mark III didn’t help to shore its camera figures up. Other units within the company didn’t fare much better, with printer sales falling and business-to-business numbers flatlining. The company doesn’t see a bright fourth quarter either, and is projecting that sales will stay in lockstep with the sluggish economy, resulting in a 6 percent decline in operating profit for the year. It may not want to count so much on the new mirrorless offering pulling it out of the mud, though — it got fairly mixed reviews.

Filed under: Cameras, Canon

Canon announces Q3 2012 results: operating profit down 42 percent to $908 million originally appeared on Engadget on Thu, 25 Oct 2012 07:01:00 EDT. Please see our terms for use of feeds.

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