Hasta La Gadget!

Amazon released its Q1 2013 quarterly earnings today, and the company reported a 22% increase in revenue to $16 billion, compared to the same quarter last year where they scored $13.18 billion. As for net profit, the company saw a 37% drop year-over-year down to $82 million, compared to $130 million in Q1 2012.

The company met its revenue expectations, however, with a guidance of between $15 billion and $16.6 billion that they set back in January. As for a breakdown of where the retail giant’s money came from, the US remains to be Amazon’s largest market, with $9.4 billion of sales revenue being from the US, with the rest of world ringing in at $6.7 billion.

As for expectations for the next quarter, Amazon is predicting revenues somewhere in the $14.5 billion and $16.2 billion range, or to rise between 13% and 26% compared with the same quarter last year. As for their operating income, they’re expecting another loss in the range of -$340 million and $10 million, compared to $107 million a year ago.

Amazon recently debuted 14 pilots from original series that they’re planning on running. However, only a few will make it through. According to the company, the shows that make it through will be entirely picked by the viewers based of feedback. All of them are available now to stream for free.

Amazon profits drop to $82 million, revenue up 22% in Q1 2013 is written by Craig Lloyd & originally posted on SlashGear.
© 2005 – 2012, SlashGear. All right reserved.

Amazon’s Q1 for 2013 was a bit of a mixed bag. The company saw net income drop 37 percent year-over-year to $82 million, though its net sales were up 22 percent to $16.1 billion. The sequential drop in profits was small (from $97 million) considering Q4’s holiday inflation. Product sales accounted for the vast majority of that income, with its various branded services only pulling in $2.8 billion. The United States is still the company’s biggest market, with $9.4 billion of that sales revenue coming from here. The rest of the globe only accounted for $6.7 billion, though media was particularly strong in those markets. Media sales were $2.55 billion over seas and just $2.51 billion in the US. Looking over the numbers, its clear that Amazon has a steady stream of reliable income that is continuing to grow. In fact, the company expects another quarter of double-digit growth year-over-year for Q2. But, as we’ve learned, there are also huge expenses involved. And guidance for next quarter tops out at $10 million in net income — and a potential loss of up to $340 million (though such a steep fall seems unlikely). Unfortunately, there are no specific numbers for its various kindle products buried in the report (which you’ll find after the break), but hopefully the 5PM ET call will offer a comprehensive breakdown. Updates from which you’ll find after the break.

Filed under: Misc, Amazon

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Source: Amazon

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

Sprint managed to lose a million customers and over a billion dollars last quarter. This time it’s not quite as bad, with a net loss of $643 million on revenue that was broadly equivalent to the same quarter of last year (around $8.8 billion). Those following the carrier’s big iPhone gamble will note that sales of Apple smartphones fell by around a third relative to last quarter, from 2.2 million down to 1.5 million. Total smartphone sales reached 5 million, which Sprint describes as “strong” and which helped it to slightly increase the amount of profit it makes from each postpaid customer. However, this wasn’t enough to offset the impact of losing another half a million customers, specifically due to the ongoing exodus of Nextel subscribers. Partly as a result of this, the company’s revenues continue to be wiped out by its huge costs of doing business — not that its potential suitors seem to mind.

Filed under: Cellphones, Mobile, Sprint

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Source: Sprint

As expected (and a bit earlier than promised), Apple has announced its Q2 2013 earnings for this past quarter. The company raked in $43.6 billion in revenue and netted $9.5 billion of that for the quarter. Analysts had estimated that the company would bring in $41.82 billion in revenue, so it seems Apple did better than expected on that front.

The company’s $43.6 billion in revenue trumps its revenue from the same quarter last year, which was $39.2 billion. However, net profits were down from $11.6 billion in Q2 2012. These numbers represent a slow growth for Apple, and this marks one of the few times that Apple hasn’t seen huge gains, but nonetheless, the money is definitely there.

As for sales of products, Apple sold 37.4 million iPhones and 19.5 million iPads during the three months, which is up 6.55% and 65.25% year-over-year, respectively. A 65% gain is certainly respectable, but we have to give most of the credit to the recently-released iPad mini for bumping those numbers up quite a bit.

As expected, Mac sales went down to 3.95 million units sold during the quarter from last year’s 4 million, and iPod sales also continued on with their slow decline, down to 5.6 million iPods sold from last year’s 7.7 million. We can’t say we’re too surprised here, but the iPhone and iPad have been the dominating products for the company as of recently.

Apple boasts $9.5b profit on $43.6b revenue in Q2 2013 is written by Craig Lloyd & originally posted on SlashGear.
© 2005 – 2012, SlashGear. All right reserved.