Oct 21

Verizon ‘on track’ in Q3, revenues up 5.4 percent to $27.9 billion

Posted in: earnings, mobilepostcross, Today's Chili, verizon, vzw

VZW’s upward mobility shows no signs of slowing, as the carrier just reported total Q3 revenues of $27.9 billion — up 5.4 percent on last year. As usual, much of the growth comes from pulling in new smartphone customers, who were among 882,000 new retail postpaid connections and who helped to bring Big Red’s average revenue per user (ARPU) up to $54.89, which is 2.3 percent higher than the same quarter last year. We’ll have to wait for the Q4 results to see any impact from the iPhone 4S or the new Droid RAZR, but, in the meantime, there are plenty of double-digits in Verizon’s data revenue figures: it made $22.22 from each postpaid retail customer for data usage alone, which adds up to a 15.7 percent leap year-on-year. Read on for the full green-tinged breakdown in the PR.

Continue reading Verizon ‘on track’ in Q3, revenues up 5.4 percent to $27.9 billion

Verizon ‘on track’ in Q3, revenues up 5.4 percent to $27.9 billion originally appeared on Engadget on Fri, 21 Oct 2011 08:02:00 EDT. Please see our terms for use of feeds.

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Oct 20

Microsoft has record Q1, rakes in $17.37 billion in revenue (updated: Skype plans revealed)

Posted in: earnings, financial, Microsoft, skype, Today's Chili, VoIP, Windows, xbox live, XboxLive
Microsoft Q1 2012 earnings

Q1 of 2012 (don’t ask…) was good to Microsoft. Very good in fact. The company posted a record first quarter revenue of $17.37 billion, a 7-percent increase over the same period last year and slightly higher than the $17.26 billion that was expected. The big hero was Office which accounted for $5.62 billion of that income, though sales of Windows stayed flat and fell somewhat short of expectations. The company’s $5.74 billion in net income was also a significant jump of 6-percent over the same time last year. For a few more of the financial particulars check out the earnings report after the break and the spartan spreadsheets at the source link.

Update: Wondering what Microsoft plans to do with the newly acquired Skype? Well, details are thin, but during today’s earnings call the company revealed it did plan to integrate the VoIP service and its technologies into Lync, Live Messenger and Xbox Live. Soon you may not only have to listen to your friend gloat after every kill in Call of Duty, you might have to watch him do a celebratory dance in his Lazy Boy too.

Continue reading Microsoft has record Q1, rakes in $17.37 billion in revenue (updated: Skype plans revealed)

Microsoft has record Q1, rakes in $17.37 billion in revenue (updated: Skype plans revealed) originally appeared on Engadget on Thu, 20 Oct 2011 16:41:00 EDT. Please see our terms for use of feeds.

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Oct 20

AT&T’s profits are down, but the carrier is still smiling

Posted in: att, carrier, earnings, mobilepostcross, Today's Chili, video, Wireless

There’s good news and bad news in AT&T’s third quarter report. The carrier’s profit dropped to $3.6 billion for the quarter — that’s down from $12.32 billion from this time last year. That drop could be due in part to the loss of iPhone exclusivity (a matter recently compounded with the addition of Sprint as a carrier for the 4S) and the fact that the company pulled in profits from the sale of assets in 2010. AT&T activated 2.7 million iPhones during Q3, a marked drop over previous quarters. (Though, admittedly, last Q3 saw the launch of the iPhone 4 — this Q3 saw people waiting for an iPhone 5.). On the up side of things, the sale of Android devices has more than doubled, year over year. AT&T added 2.1 million wireless subscribers, passing 100 million, which the carrier seems quite pleased with, as evidenced by the exceedingly chipper video below.

Update: AT&T dropped us a line to point out that the gains from a one-time tax settlement also significantly contributed to the company’s 2010 profit and by extension the drop in profits year-over-year. According to an AT&T spokesperson, “If you take those one-time items out of the mix, profit was actually up 13-percent year-over-year. In addition, wireless margins were up significantly, which means wireless profits increased.”

Update 2: AT&T also announced this morning that it had activated one million units of the iPhone 4S as of Tuesday. Press release is included underneath the video below.

Continue reading AT&T’s profits are down, but the carrier is still smiling

AT&T’s profits are down, but the carrier is still smiling originally appeared on Engadget on Thu, 20 Oct 2011 10:08:00 EDT. Please see our terms for use of feeds.

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Oct 20

Nokia Q3 2011 earnings: operating profit sinks 60 percent, but sales beat estimates

Posted in: breaking news, earnings, mango, mobilepostcross, nokia, symbian, Today's Chili, windows phone, windows phone 7, WindowsPhone, WindowsPhone7

Man, can Nokia World get here any faster? Nokia needs Windows Phone in perhaps the worst possible way, and if you had any doubt whatsoever on that, just take a look at the outfit’s woeful Q3 2011 earnings. Right off the top, net sales dropped 13 percent year-over-year (and three percent from Q2), while operating profit plummeted a staggering 60 percent year-over-year (and 36 percent since the prior quarter). All told, the company recorded net sales of €9 billion ($12.35 billion), and while things are gloomy in comparison to the glory days, it still has a whopping €5.1 billion ($7 billion) in its coffers. And the good news doesn’t end there. The company’s shares actually surged on word that the losses weren’t as bad as anticipated, and that overall sales beat estimates. Only in a stock market can the loss of €68 million ($93 million) be “positive,” but hey — we’re sure Nokia will take all the silver linings it can find. Of course, things should be on the up-and-up after a spate of WP7-based Nokia devices are revealed later this month in London, but it still remains to be seen how soon the company can ship, and if it can penetrate a smartphone market that’s gaining iOS and Android loyalists by the truckload each day. Hit the links below for more percentages than the average simpleton can shake a stick at.

Nokia Q3 2011 earnings: operating profit sinks 60 percent, but sales beat estimates originally appeared on Engadget on Thu, 20 Oct 2011 06:18:00 EDT. Please see our terms for use of feeds.

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Oct 18

Apple Misses Q4 Earnings Estimates, Blames Excessive Rumors

Posted in: Apple, earnings, iPhone, Miscellaneous, sales, Today's Chili

For the first time in six years, Apple’s quarterly earnings missed analyst estimates. Apple’s explanation? iPhone sales slowed down as consumers entered a holding pattern in anticipation of Apple’s next smartphone release. In an earnings call Tuesday afternoon, Apple blamed rumors for the drop in sales, saying that product speculation “reached extreme highs.”

Apple reported profits of $6.62 billion this quarter, or $7.05 per share. Analysts predicted that Apple’s profit per share would reach $7.31, making this the first “disappointing” quarter in the company’s past 64. Apple sold 17.07 million iPhones during the quarter, notably short of predicted sales of about 20 million.

During the call, CEO Tim Cook said, “We can’t tell you with precision how many units we would have sold without the rumors, if people hadn’t been expecting a new iPhone. But I would say it’s substantial.”

When a new iPhone didn’t make an appearance at Apple’s World Wide Developers Conference in June, current and prospective iPhone customers became antsy. Rumors began flying about Apple’s upcoming device. Supposedly an iPhone prototype was lost at a San Francisco bar, but because it never made its way into the public eye, Apple’s next iPhone largely remained a mystery. The iPhone 4S finally made its press debut on Oct. 4, and has since shown record-breaking sales: one million sold in its first day available for pre-order, with four million sold during its opening weekend. Unfortunately (for Apple), iPhone 4S numbers didn’t make it into this quarter’s figures.

And the iPhone wasn’t the only Apple product to see less-than-stellar sales.

iPod sales continued on a downward slope, falling 27 percent from this time last year to 6.62 million sales. iPads fared well, but fell just below estimates at 11.12 million units. Mac computers, meanwhile, posted a record-breaking 4.89 million sales, likely bolstered by the popularity of the latest MacBook Air, which was released in July.

Michael Obuchowski, chief investment officer at First Empire Asset Management, wasn’t too perturbed by Apple’s quarterly earnings. Obuchowski told Bloomberg, “That the company can maintain the growth rate that some of the analysts envision is not very realistic.”

Apple expects to hit new company records for both the iPhone and the iPad as the holiday season begins. With a successful iPhone 4S launch under its belt, those expectations don’t seem far-fetched.

Image: Jim Merithew/Wired.com

UPDATED October 19 at 8:17 a.m. PST: Apple’s quarterly revenue was $28.27 billion, quarterly profit was $6.62 billion.


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Oct 18

Intel earnings beat company records: $14.3 billion revenue, $3.7 billion net income

Posted in: earnings, financial, financials, intel, processors, Today's Chili

Apple may not have fared as well as expected in its own Q4, but just up the road in Silicon Valley Intel managed to exceed analyst predictions, posting record revenue of $14.3 billion — up $3.2 billion, or 29 percent year-over-year. The company also set new records for microprocessor units shipped, and expects further growth over the next quarter, with notebook computer sales driving $14.7 billion in predicted Q4 revenue. Jump past the break for an in-depth look at the company’s Q3, along with its outlook for the next quarter.

Continue reading Intel earnings beat company records: $14.3 billion revenue, $3.7 billion net income

Intel earnings beat company records: $14.3 billion revenue, $3.7 billion net income originally appeared on Engadget on Tue, 18 Oct 2011 17:13:00 EDT. Please see our terms for use of feeds.

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Oct 18

Apple Q4 earnings fall short of expectations: $28.27 billion in revenue, $6.62 billion net profit

Posted in: Apple, breaking news, earnings, mobilepostcross, Today's Chili
Apple’s earnings for Q4 2011 are out, and the company has fallen short of expectations. It still managed to rake in $28.27 billion in revenue during the quarter — up from $20.3 billion in Q4 2010 — but that’s quite a bit shy of the $29.6 billion or so analysts were counting on. Net profits came in at $6.62 billion, up considerably from the $4.3 billion seen in the same quarter last year, and Apple notes that it is indeed still a record quarter. In terms of products, the company announced that 17.07 million iPhones were sold in Q4 (a 21 percent jump from a year ago), along with 11.12 million iPads (a whopping 166 percent increase year-over-year), 4.89 million Macs (a 26 percent jump), and 6.62 million iPods (once again the one area that continues to decline, now down 27 percent from a year ago). Apple’s cash pile on hand also continued to swell during the quarter, and now stands at around $84 billion. Press release is after the break.

Continue reading Apple Q4 earnings fall short of expectations: $28.27 billion in revenue, $6.62 billion net profit

Apple Q4 earnings fall short of expectations: $28.27 billion in revenue, $6.62 billion net profit originally appeared on Engadget on Tue, 18 Oct 2011 16:40:00 EDT. Please see our terms for use of feeds.

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Oct 14

Sony Ericsson posts lower Q3 profits, will shift ‘entire portfolio’ to smartphones in 2012

Posted in: Android, business, earnings, industry, market, mobilepostcross, money, sales, smartphone, Sony Ericsson, SonyEricsson, Today's Chili, xperia
It’s been a rough couple of quarters for Sony Ericsson, but things are looking slightly rosier, according to its Q3 earnings report. Today, the company announced break even year-on-year results for the third quarter of 2011, blaming the outcome on lower profit margins and higher taxes, which rose from €12 million to €17 million over the course of a year. According to the report, net profits fell to zero this quarter after reaching €49 million ($67.26 million) during Q3 2010, while sales dropped to €1.59 billion ($2.18 billion) from €1.6 billion ($2.2 billion) last year. It’s not exactly an encouraging trend, but it’s certainly an improvement over the last quarter, when Sony Ericsson posted a net loss of €50 million. As far as its portfolio goes, the company says its Xperia smartphones now comprise 80 percent of all sales, with some 22 million handsets already shipped to consumers. President and CEO Bert Nordberg, meanwhile, confirmed that his company will focus on this market with even more intensity, next year: “We will continue to invest in the smartphone market, shifting the entire portfolio to smartphones during 2012.” You can dig through the numbers for yourself, in the full PR after the break.

Continue reading Sony Ericsson posts lower Q3 profits, will shift ‘entire portfolio’ to smartphones in 2012

Sony Ericsson posts lower Q3 profits, will shift ‘entire portfolio’ to smartphones in 2012 originally appeared on Engadget on Fri, 14 Oct 2011 05:15:00 EDT. Please see our terms for use of feeds.

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Oct 13

Google announces Q3 earnings: $9.72 billion in revenue, $2.73 billion net income, 40 million Google+ users

Posted in: Android, breaking news, Chrome, earnings, financial, financials, Google, mobilepostcross, Today's Chili
Google’s just announced its third quarter earnings and, as expected, the company’s numbers are continuing on the upswing (even beating expectations). That includes $9.72 billion in revenue, which represents a 33 percent jump compared to the third quarter of 2010, along with $2.73 billion in net income, which is up from $2.17 billion a year ago. Somewhat notably, Google also choose to lead off its press release announcing the financial results (included after the break) with the news that Google+ has just passed the 40 million user mark — the company further notes that “people are flocking into Google+ at an incredible rate.” There’s not a ton of surprises to be found in the results otherwise, although Larry Page and co. sure seem to be busy hiring new folks — they’ve brought on 10 percent more employees in the span of three months (for a total of 31,353 full-time employees as of September 30th).

Update: During the company’s earnings call, CEO Larry Page confirmed that there’s now 190 million Android phones activated around the world, and 200 million users of the Chrome web browser (although it’s not clear how many of those are active users). Page also took a moment to post his remarks to Google+ during the call.

Continue reading Google announces Q3 earnings: $9.72 billion in revenue, $2.73 billion net income, 40 million Google+ users

Google announces Q3 earnings: $9.72 billion in revenue, $2.73 billion net income, 40 million Google+ users originally appeared on Engadget on Thu, 13 Oct 2011 16:03:00 EDT. Please see our terms for use of feeds.

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Oct 06

HTC’s unaudited Q3 results keep the revenue train a-rollin’

Posted in: earnings, financial, financials, HTC, mobilepostcross, sales, Today's Chili
HTC clearly couldn’t wait for a pesky audit to tell let the world about its continued financial successes. The Taiwanese handset maker posted unaudited consolidated results for the third quarter — and, not surprisingly, things are (continuing) to look good for the company. HTC marked a 79.07-percent growth over this time last year, with NT$135,821 million ($4.4 billion) total revenue. And according to HTC, the company’s net income post-taxes was NT$18,638 million ($612 million) for the quarter. We’ll update the results when we get something a bit more official.

HTC’s unaudited Q3 results keep the revenue train a-rollin’ originally appeared on Engadget on Thu, 06 Oct 2011 10:42:00 EDT. Please see our terms for use of feeds.

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