T-Mobile loses 50,000 customers in Q2 2011, revenue dips slightly

T-Mobile USA issued its Q2 earnings statement today and, while the outlook isn’t quite as bleak as it was during the first quarter of this year, there’s still some cause for concern up in Bellevue. According to the report, the carrier lost a total of 50,000 customers last quarter, which is actually an encouraging sign, considering it dropped a whopping 99,000 during Q1, and 93,000 during the second quarter of 2010. Total revenues, however, dipped slightly to $5.1 billion from the $5.2 billion reported for the previous quarter, with service revenues holding firm at $4.6 billion — a 1.7 percent decrease from Q2 2010. President and CEO Philipp Humm blamed the numbers on a “challenging market,” but was quick to point out the brighter aspects of T-Mobile’s statement, including the carrier’s expanded 4G coverage, and the fact that a full 29 percent of its customers are using 3G or 4G smartphones — an “all-time high.” Skip past the break for more numbers and acronyms.

Continue reading T-Mobile loses 50,000 customers in Q2 2011, revenue dips slightly

T-Mobile loses 50,000 customers in Q2 2011, revenue dips slightly originally appeared on Engadget on Thu, 04 Aug 2011 07:00:00 EDT. Please see our terms for use of feeds.

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Engadget Podcast 250 – 07.29.2011

Yes yes, y’all: it’s the Engadget Podcast. We’re brimming this week, as usual, with the low down on what’s going down with all the new stuff. We’ve got the killer combo of lots of streaming news and a dearth of optical drives. We’ve got shaky earnings calls translating into big deals on the floor at Best Buy. And boy, do we have a little bit of Android news? We do! It’s all here, as usual. Enjoy.

Host: Tim Stevens, Brian Heater
Guests: Dana Wollman, Richard Lawler
Producer: Trent Wolbe
Music: Beethoven’s 5th

02:24 – Mac mini review (mid 2011)
03:20 – Editorial: Apple’s officially over the optical drive, for better or worse
09:16 – MacBook Air review (mid 2011)
16:10 – Netflix adds Mad Men in the US today, CBS content in Canada and Latin America later
16:34 – Amazon Prime Instant Video is adding CBS TV shows, including all of Star Trek
17:50 – Amazon strikes movie streaming deal with Universal, adds ‘Fear and Loathing’ to free shipping
24:17 – The Engadget Show – 023: We tour a headphone factory, talk record labels, and look at They Might Be Giants’ favorite gadgets
25:36 – Nintendo posts earnings, drops 3DS from $249 to $169 August 12th, current owners get 20 free games
28:47 – Logitech CEO steps down after money losing Q1, Revue price slashed to $99
37:15 – Toshiba Thrive review
39:52 – HTC Status review
44:46 – Windows Phone 7.5 Mango in-depth preview (video)
46:20 – HTC CFO says it’s time to ‘figure it out’ with Apple
48:52 – Two more fake Apple Stores spotted by officials in China, two get the smackdown
50:40 – Listener questions

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Engadget Podcast 250 – 07.29.2011 originally appeared on Engadget on Fri, 29 Jul 2011 13:30:00 EDT. Please see our terms for use of feeds.

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Motorola Mobility reports $56 million net loss in Q2, $3.3 billion in revenue, Bionic debut in September

Back in the last quarter of 2010, Motorola Mobility predicted a rocky road for future business, and its Q2 earnings seem to be right on track. The company reported total net revenues of $3.3 billion in the second quarter, up 28 percent year-over-year, but saw a net loss of $56 million, compared to earnings of $80 million in the second quarter of 2010. Mobile Devices saw an operating loss of $85 million, compared to the previous year’s earnings of $87 million. Moto’s not all doom and gloom however, as it predicts profitability in mobile devices by Q4. In terms of sales, the company reportedly shipped 11 million mobile devices, including 4.4 million smartphones and 440,000 Xoom tablets. Here’s hoping Motorola’s powers of prediction remain strong.Full PR after the break.

We’d heard that the Droid Bionic was “coming soon,” but up until today, we still didn’t have a firm date for the LTE Android phone. Well, the cat is sort of out of the bag, as Mobility CEO Sanjay Jha has just announced that the long-awaited handset will hit stores in September. When in September is still anyone’s guess, but we’ll keep you posted as we learn more.

Continue reading Motorola Mobility reports $56 million net loss in Q2, $3.3 billion in revenue, Bionic debut in September

Motorola Mobility reports $56 million net loss in Q2, $3.3 billion in revenue, Bionic debut in September originally appeared on Engadget on Thu, 28 Jul 2011 17:33:00 EDT. Please see our terms for use of feeds.

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Motorola Solutions hits $2.1 billion in sales for Q2

All said, Q2 wasn’t such a bad one for the black logoed Motorola Solutions, with sales of $2.1 billion, up six percent from this time last year. That number includes $1.3 billion for government sales and $747 million for enterprise, up four and 11 percent over last year, respectively. Motorola Solutions, Inc. (MSI to its friends) was formed earlier this year, when the tech company split in two. Solutions specializes in things like barcode scanners and two-way radios, while Motorola Mobility Holdings deals with the more familiar (to us, at least) smartphone and Xoom-y side of things.

Continue reading Motorola Solutions hits $2.1 billion in sales for Q2

Motorola Solutions hits $2.1 billion in sales for Q2 originally appeared on Engadget on Thu, 28 Jul 2011 10:21:00 EDT. Please see our terms for use of feeds.

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Logitech CEO steps down after money losing Q1, Revue price slashed to $99

This is becoming a trend. After a disappointing Q4 saw Logitech reduce the price of its Revue it revealed today that after a net loss of $29.6 million for the first quarter it is cutting the price of the Revue to $99, as well as saying goodbye to CEO Gerald P. Quindlen. Quindlen had been an outspoken supporter of the Google TV box (see the video after the break) but according to Logitech this price cut and corresponding $34 million hit to its finances are necessary to “remove price as a barrier to broad customer acceptance.” In the midst of these results — as well as lowered sales in several regions and key products like Harmony remotes — Chairman and former CEO Guerrino De Luca will assume the role of acting CEO while a long term replacement is sought. Until then, and before the Google TV Honeycomb update arrives, does anyone think the Revue will be more appealing for one Benjamin than it was for two, or three?

Continue reading Logitech CEO steps down after money losing Q1, Revue price slashed to $99

Logitech CEO steps down after money losing Q1, Revue price slashed to $99 originally appeared on Engadget on Thu, 28 Jul 2011 09:28:00 EDT. Please see our terms for use of feeds.

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Sprint posts Q2 2011 earnings: net subs up, contract subs down, net loss of $847 million

It’s another mixed bag worth of earnings for the folks in Overland Park. Sprint just announced its Q2 2011 earnings prior to the market’s open today, and while it’s obviously doing its darnedest to paint a rosy picture, the raw numbers show a somewhat different backdrop. Despite having its third consecutive quarter of adding more than one million total net new wireless subscribers, the vast majority of those are coming from the (admittedly less lucrative) prepaid side. In fact, the company lost 101,000 postpaid subscribers in the period, and we’re guessing that the one-two punch of WiMAX hitting the expansion skids while VZW built out LTE at a breakneck pace didn’t help matters. 674,000 prepaid subs were added to the mix (through Virgin Mobile, Boost Mobile, etc. arms), and despite seeing quarterly sequential and year-over-year growth in wireless service revenue, the carrier still reported a net loss of $847 million. In a way, it’s the same story on a different day for The Now Network, and while the just-announced LightSquared partnership may end up bolstering things in time, it’ll take something a bit more jarring to turn things around by Q3. Or Q4… right, Dan?

Sprint posts Q2 2011 earnings: net subs up, contract subs down, net loss of $847 million originally appeared on Engadget on Thu, 28 Jul 2011 07:34:00 EDT. Please see our terms for use of feeds.

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Sony, Sharp and Fujitsu earnings all bring bad news, only Toshiba says something nice

Plenty of Japanese earnings news today and, as with Nintendo, most of it’s pretty dire. Sony’s hit from the earthquake and PSN outtage has inevitably contaminated this quarter, but it’s suffered from slow Bravia TV, PC and camcorder sales too. Together, these factors contributed a hefty ¥15.5 billion ($200 million) loss in the three months to the end of June, compared to a ¥25.7 billion profit for the same quarter last year.

Meanwhile, Fujitsu also lost ¥20.4 billion, which it largely attributed to a 6.7 percent decline in Japanese sales following the disaster. However, sales in other countries also fell 5.3 percent, reflecting a stronger yen and general lack of consumer demand.

Despite everything, Sharp managed to make an operating profit of ¥3.5 billion — but this was down an eye-watering 84.4 percent on the same period last year. Like Sony, the company is suffering from weak demand for TVs, and says it’s switching one of its main TV panel plants to make smaller panels for mobile devices instead — including the iPhone and iPad.

There was some more upbeat news from Toshiba, however, which has managed to stay in the green. It reported a slight rise in net quarterly profit to ¥470 million due to demand for its power systems and home appliances. At least that’s a note worth ending on.

Sony, Sharp and Fujitsu earnings all bring bad news, only Toshiba says something nice originally appeared on Engadget on Thu, 28 Jul 2011 07:22:00 EDT. Please see our terms for use of feeds.

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LG turns it around, reports profits back in the green

After six months of knuckle-crunching losses, LG can finally wind the window down and turn the radio on to Seoul FM. The electronics giant just reported a net profit of ₩108 billion ($100 million) in the last quarter, primarily thanks to sales of LED and Cinema 3D TVs. Its handset subsidiary, which has been pushing into the Android high end with devices like the Optimus 2X, is still bleeding cash — but losses were halved compared to last quarter, so perhaps the wound is finally scabbing over. Meanwhile, the LG Home Appliance Company posted “record-high” sales, but it’ll have to Thinq even harder in future because profits were held back by higher material costs, currency fluctuations and greater competition. Definitely too soon for cruise control.

LG turns it around, reports profits back in the green originally appeared on Engadget on Wed, 27 Jul 2011 04:50:00 EDT. Please see our terms for use of feeds.

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ARM alchemy turns ubiquity into gold, profits up 25 percent

A 25 percent rise in profits might look modest compared to the 167 percent explosion announced at the end of Q2 last year, but we doubt anyone at ARM’s UK HQ will be moaning. A typically understated earnings report highlighted 1.1 billion ARM-based chips shipped into mobiles and tablets, plus another 800 million chips into other types of devices in Q2. Other tidbits included two new signings for next-gen Cortex-A15 chips, plus two more for Mali graphics chips, which ought to help the mobile chip king maintain its dominance into next year. If you had an extra sausage with your fry-up this morning, ARM, then you deserved it.

ARM alchemy turns ubiquity into gold, profits up 25 percent originally appeared on Engadget on Tue, 26 Jul 2011 08:19:00 EDT. Please see our terms for use of feeds.

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Netflix rises to 25 million subscribers in Q2, thinks DVD business has already peaked

If you were still wondering why Netflix chose right now to split apart its unlimited DVD and streaming movie plans you need look no further than the just released Q2 financial report. According to the numbers, 75 percent of new subscribers were picking streaming only plans, while the total number of people on the hybrid DVD / streaming plan had actually decreased slightly, even as it breached 25 million subscribers worldwide. Of course, it did notice the intense backlash to the new rates, but predicts that after the hit of cancellations by the end of the third quarter it will still have 22 million people subscribed to streaming, 15 million total subscribed to DVDs, and about 12 million customers with both. Waiting on that Facebook integration? Don’t hold your breath, while the new features are due to launch soon in Canada and Latin America, it claims ambiguous wording in the Video Privacy Protection Act is holding things back domestically.

Other details include confirmation it will not look into purchasing Hulu, and that it’s still negotiating a renewal of its deal with Starz. While the DVD business may have peaked, it’s not quite dead yet and Netflix indicated it will start marketing that feature again in the fourth quarter. Click the source link to paw through the PDF yourself, we’ll be keeping an ear tuned to the investor call later to find out exactly what the company’s executives are thinking.

Netflix rises to 25 million subscribers in Q2, thinks DVD business has already peaked originally appeared on Engadget on Mon, 25 Jul 2011 16:19:00 EDT. Please see our terms for use of feeds.

Permalink   |  sourceNetflix Q2 Investor letter (PDF)  | Email this | Comments