Hasta La Gadget!

AT&T released its Q1 2013 quarterly earnings today, and the carrier added quite a few customers to its user base. 1.2 million smartphone customers signed on with AT&T during the quarter, with 296,000 postpaid customers being added on as well. As for financial results, the company netted $3.7 billion off of $31.36 billion in revenue.

Breaking down its customer base, AT&T says that 72% (or approximately 48.3 million of its customers) of the carrier’s on-contract subscribers are wielding smartphones. Overall, AT&T says that this has been the best first quarter that the company has ever seen as far as smartphone sales are concerned.

As for how AT&T earnings compared to the same time last year, the company experienced drops all across the board, but nothing significant. However, the company did see a rise in net income with a 3.2% gain compared to last year. As for total operating revenue, that was down 1.5% from $31.8 billion from a year ago.

AT&T’s wireless business saw big leaps, however, with a 21% rise in revenue compared to the same time last year. Total revenue for the carrier’s wireless business was $16.7 billion for the quarter, and net income was $4.66 billion, which is a 4% gain compared to last year. Overall, it seems AT&T made it through a rather successful quarter, especially for being a first quarter.

AT&T adds 1.2 million smartphone customers in Q1 2013 is written by Craig Lloyd & originally posted on SlashGear.
© 2005 – 2012, SlashGear. All right reserved.

Apple has been on a roll for, well, almost as long as we can remember. Basically since the debut of the iMac, the company has been riding a rocketship back from the brink of irrelevance. The iPod, iPhone and iPad have all led it to post record quarter, after record quarter, after record quarter. Now we’re in the second quarter of financial year 2013 and it doesn’t appear to be slowing down much. The company posted $43.6 billion in revenue during the quarter and net itself a handsome profit of $9.5 billion. While those numbers do represent the slowest rate of growth Cupertino has seen in years, it’s hardly the fall from grace that some analysts were predicting. Compared to the same time last year, revenues are up from $39.2 billion though net income has dropped from the Q2 2012 mark of $11.6 billion. Still, the company managed to move more iPhones and iPads than it did during that quarter, and the drop from Q1’s holiday-boosted numbers isn’t particularly alarming. In total it moved 19.5 million iPads and 37.4 million iPhones during the three months ending on March 30th, 2013. In Q1 those numbers were an admitedly more impressive 22.9 milion and 47.8 million, respectively. But, compared to Q2 of 2012, things are still looking up from the 35.1 million iPhones and 11.8 million iPads shipped.

Things are a little less rosy around its non-iOS departments, but we’d hardly say the company was in dire straights. Mac sales were more or less flat both sequentially and year-over-year, falling just under four million units. Meanwhile, the iPod continued its steady decline, moving only 5.6 million units. That’s not only more than a 50 percent drop from last quarter, but a 27 percent drop from the same period last year. The biggest contributor to Apple’s revenue stream continues to be the iPhone, but the iPad is gaining fast and income from iTunes and its other software offerings continues to grow at an impressive rate.

While the first year-over-year drop in profits in almost a decade might give some investors pause, there’s little cause for concern for the future of the company. Cupertino’s healthy war chest now sits at $145 billion in cash, up from the $121 billion and change it had at the end of Q4 2012. We’ll be listening in to the conference call at 5 PM and we’ll update with any juicy tidbits after the break.

Filed under: Misc, Mobile, Apple

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Source: Apple

EE‘s just released its Q1 2013 earnings, giving us a look at its first full quarter with 4G services. The carrier says it’s on track to its goal of a million 4G customers by the end of the year, thanks to the addition or migration of 318,000 LTE customers since the service launched.. Despite those more profitable clients, however, total service revenue (excluding hardware sales) was down 1.5 percent for the period over last quarter, to £1.42 billion. On one hand, the number of 4G additions could be seen as disappointing considering the company’s strong marketing push of the service — though on the other, the company’s only just activated numerous regions, making that one million 4G subscriber goal seem more likely than not. We’ll just have to wait a bit longer to see if Brits are really in love with LTE’s extra zip — and willing to pay for it.

Update: This article originally stated that EE added 318,000 4G customers in Q1 this year, but that figure actually represents the number of users the carrier has added since launching its 4G service. five months ago

Filed under: Cellphones, Wireless, Mobile

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Source: EE

Netflix has reported its financial results for the first quarter of 2013, and in that period it’s added over 3 million customers worldwide. Domestically it added 2.03 million customers alone, pushing its total number over 30 million (including trial users) in the US. That means it’s passed HBO in paying subscribers for the first time ever, while notching $2.69 million in net profits on $1.02 billion in revenue for the quarter. Internationally there were over a million new sign-ups and it’s planning to launch in a new European market during the second half of this year, which we should hear more about on its Q2 earnings call in July.

One change all users will notice is to its package of streaming plans, as CEO Reed Hastings mentioned an $11.99 per month option is incoming that will allow subscribers to stream as many as four videos simultaneously, up from the current official limit of two. There’s some question over whether Netflix will begin to crack down harder on account sharing, but Hastings claims he expects less than one percent of users to opt for the new plan. The company is also continuing to test the personalized profiles we got a peek at during CES, and expects to roll them out “in the coming months.” Another major note is that as it expands its suite of original content, it’s shifting focus away from some of existing “bulk, nonexclusive” licensing deals and will let a major one from Viacom expire in May. Specifically referenced is content from Nickelodeon, MTV and BET, although it’s negotiating for access to particular shows. In the future, its preferred option will be exclusive deals with the studios that produce the shows, like the one it announced earlier this year with Warner. Check after the break for a few more details, including updates on the progress of some of its original series.

Filed under: Home Entertainment, HD

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Source: Netflix Q1 Investors letter (PDF)

Google is out with their first quarterly earnings report for 2013, and things are looking high and mighty for the Mountain View-based company. They ended up raking in a revenue of $14 billion during the three months, and ended up netting $3.35 billion. Compared to last year at this time, revenue is up a whopping 31%.

CEO Larry Page coined this quarter’s earnings as a “very strong start to 2013,” even though the company’s revenue and income have remained slightly stagnant over the past few quarters. Operating income for the company was $3.48 billion for the quarter, compared to last year’s $3.39 billion operating income during the same quarter.

As far as Google’s net income of $3.35 billion, this is a slight increase over the previous quarter’s $2.89 billion, and the company’s $14 billion revenue is slightly down from $14.42 billion during Q4 2012. As for the company’s cash on hand at the moment, we’re looking at just over $50 billion in the bank.

Page says that Google is “working hard and investing in [its] products that aim to improve billions of people’s lives all around the world.” As for Motorola, they experienced a bit of a drop off in revenue, posting just over $1 billion this quarter, compared to $1.51 billion during the previous quarter. The company also experienced an operating loss of $271 million. Ouch!

Google boasts $3.35 billion net income in Q1 2013 earnings is written by Craig Lloyd & originally posted on SlashGear.
© 2005 – 2012, SlashGear. All right reserved.