Hasta La Gadget!

Big red is reporting some green, green earnings. Verizon today posted its second quarter financials, and it seems pretty happy about the whole thing, thanks to $28.6 billion in total operating revenues — a 3.7 percent increase over this time last year. The carrier’s consolidated operating income, meanwhile, hit $5.7 billion for the quarter, up from $4.9 billion in Q2 2011. In Wireless, the company racked up $15.8 billion in service revenues (up 7.3 percent from last year) and $6.9 billion in data revenues (up 18.5 percent). The second quarter saw the addition of 1.2 million retail net customers, for a total of 94.2 million by the end of the financial period. Also, according to the numbers, smartphones now make up half of the carrier’s postpaid customer phone base — that’s up three percent from last quarter.

Continue reading Verizon issues Q2 earnings, touts $15.8 billion service revenues in Wireless

Verizon issues Q2 earnings, touts $15.8 billion service revenues in Wireless originally appeared on Engadget on Thu, 19 Jul 2012 08:13:00 EDT. Please see our terms for use of feeds.

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Qualcomm is reporting its financial numbers for the last quarter and has been the trend, it’s a good time to be everywhere in the wireless business. Continued strong demand for 3G and 4G-connected hardware is keeping sales high, driving “strong year-over-year growth” according to CEO Dr. Paul E. Jacobs, contributing to a bottom line of $4.63 billion in revenue and net income of $1.21 billion. The company’s MSM (mobile station modem) chipsets continue to be the main contributor with 141 million units sold, also up yearly by 18 percent but down 7 percent from Q2, with reported device sales following the same pattern at $47.8 billion.

About that slight drop from last quarter, the Doctor continues by saying the company expects demand to be back-loaded as “new devices” are launched for the holiday season. With that in mind, it’s ramping up production for 28nm Snapdragon S4 chipsets, a move that reportedly has required help from Samsung and UMC. With the next iPhone, new Android Jelly Bean hardware, Windows Phone 8 / Windows 8 devices and much more expected to arrive soon, we’ll keep the old money-flying-at-Qualcomm’s-HQ graphic close by. For more details, hit the source link for the PDF or read the press release after the break.

Continue reading Qualcomm Q3 2012 earnings show revenue ($4.63b) and profit ($1.21b) up sharply over last year

Filed under: Cellphones

Qualcomm Q3 2012 earnings show revenue ($4.63b) and profit ($1.21b) up sharply over last year originally appeared on Engadget on Wed, 18 Jul 2012 16:36:00 EDT. Please see our terms for use of feeds.

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Intel released their 2012 Q2 earnings today, reporting revenue of $13.5 billion, up 5% from last quarter. PC market growth rose 3% to $8.7 billion. Intel blamed the slow-down on users waiting for Windows 8 before investing in new hardware.

The Data Center group saw revenue of $2.8 billion. Intel’s earnings per share were flat, rising 1 cent over last quarter.

The company is currently facing a number of competitors including mobile chipsets from Qualcomm and Nvidia. 2011 was a bad year for Intel with desktop sales rising a mere 1.8%. However, with the introduction of Windows 8 later this year, analysts expect sales to rise 5% in October.

Intel closed flat at $25.38 per share this afternoon. Estimates expected 52 cents a share with revenue of $13.56 billion, according to Reuters.

Samsung’s complete earnings results for the April – June 2012 period won’t come out until July 27th, but Reuters reports its early guidance to investors estimates the company’s profit at a record 6.7 trillion won ($5.9 billion). That’s mostly due to strong sales of the ever-expanding (and increasingly targeted by lawsuits) line of Galaxy smartphones. Sales forecasts are slightly below earlier estimates, and while there’s no specific numbers for each division, a Bloomberg breakdown of analyst predictions suggests there should be more good news to go around later this month.

Continue reading Samsung expects record earnings for Q2 thanks to all those Galaxy phone sales

Samsung expects record earnings for Q2 thanks to all those Galaxy phone sales originally appeared on Engadget on Thu, 05 Jul 2012 20:34:00 EDT. Please see our terms for use of feeds.

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The last quarter has been about as rough as they come for RIM, and it’s now detailed just how things stacked up in terms of hard numbers. For the first quarter of its 2013 fiscal year, the company brought in $2.8 billion in revenue, down a full 33 percent from the prior quarter, while it reported a net loss of $518 million — much worse than analysts were expecting. What’s more, it’s also announced that it’s cutting an additional 5,000 jobs as part of its ongoing restructuring efforts, and that the first BlackBerry 10 smartphones now won’t launch until sometime in the first quarter of the 2013 calendar year (that includes a QWERTY model launched in “close proximity” to the touchscreen-only device). As for why, RIM only went as far as to say that the integration of some key BlackBerry 10 features and the “associated large volume of code” has “proven to be more time consuming than anticipated.” For his part, though, CEO Thorsten Heins says he remains “confident that the first BlackBerry 10 smartphones will provide a ground-breaking next generation smartphone user experience,” and that he’s “encouraged by the traction that the BlackBerry 10 platform is gaining with application developers and content partners.” He further notes that the response to BB10 from key carrier partners has “been very positive.”

In terms of its existing devices, RIM reports that BlackBerry smartphone shipments (not sales) for the quarter totaled 7.8 million, while there were about 260,000 PlayBooks shipped — on the company’s earnings call, Heins noted that the total BlackBerry subscriber base now stands at 78 million. Not surprisingly, the company is warning of more bad news to come. It says it expects the “next several quarters to continue to be very challenging,” with everything from the “increasing competitive environment,” lower handset volumes, impact from the BlackBerry 10 delay, and the company’s plans to “continue to aggressively drive sales of BlackBerry 7 handheld devices” expected to cut into its bottom line. In another bit of news, the company also announced that it has appointed Steve Zipperstein, Verizon’s former General Counsel, as its new Chief Legal Officer. You can find the full earnings report at the source link below.

RIM announces Q1 earnings: $518 million net loss, 5,000 job cuts, BB10 not due until Q1 2013 originally appeared on Engadget on Thu, 28 Jun 2012 16:25:00 EDT. Please see our terms for use of feeds.

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