Hasta La Gadget!

Canon had some good news and some bad (but not unexpected) news in its second quarter earnings released today. On the upside, the company has raised its profit outlook for the rest of the year, and says that the recovery from the earthquake that forced it to halt camera production has been “quicker than expected.” That halt to production did take a considerable toll on the company, however, and contributed to a 20 percent drop in net profits to ¥53.86 billion, or $685.7 million, compared to a year ago — a figure that was compounded by a strong yen that further cut into its earnings overseas. That revised profit outlook comes in part from an updated shipment forecast for interchangeable lens cameras — it now expects to ship 7.3 million instead of seven million, although its forecast for compact cameras remains unchanged at 20 million. Could that also include a few mirrorless models? Perhaps, although all indications are than an actual release will have to wait until sometime next year.

Canon’s second quarter profits dip 20 percent amid supply constraints, strong yen originally appeared on Engadget on Mon, 25 Jul 2011 15:11:00 EDT. Please see our terms for use of feeds.

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Hot on the heels of AT&T’s happy earnings tidbits yesterday, VZW’s latest figures also show that it’s raking the money in nice and regular. Total operating revenues in Q2 were $27.5 billion — that’s up half a billion on Q1 2011 and 6.3 percent on Q2 2010 (on a non-GAAP basis). The Big Red claims 2.2 million net additions to its wireless customer base, contributing to a 6.6 percent year-on-year increase in wireless service revenues and a 22.2 percent increase in wireless data revenues.

Company execs were especially pleased with the sale of 2.3 million iPhones during the spring, despite the iPhone 5 “being delayed by more than a quarter.” Unfortunately they didn’t clarify whether the next iPhone was really delayed, or just likely to arrive later than they expected. LTE phones and dongles also proved popular, shifting 1.2 million units and helping to boost Verizon’s average revenue per unit. Together, LTE and iPhone devices accounted for 69 percent of new additions. Chairman and CEO Ivan Seidenberg summed it all up as “one of Verizon’s best quarters since the 2008 economic downturn.” You’ll find the full earnings report after the break.

Continue reading Verizon has best quarter since 2008, thanks largely to iPhones and LTE

Verizon has best quarter since 2008, thanks largely to iPhones and LTE originally appeared on Engadget on Fri, 22 Jul 2011 08:23:00 EDT. Please see our terms for use of feeds.

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The news wasn’t so good for Nokia this morning, but its new bedmate is in much, much better shape. Microsoft’s Q4 earnings for the 2011 fiscal year have been posted, showing revenue of $17.37 billion — up eight percent over the same period last year, and besting the $16.43 billion record Q3. That drove $5.87 billion in net income, which is a whopping 30 percent climb over the year previous. Looking back over the full year, revenue broke another record, clocking in at $69.94 billion, 12 percent higher than the year before.

Why all the good news? Well, the Entertainment & Devices Division saw a 30 percent revenue jump in the quarter, 45 percent over the year, as the Xbox 360 and Kinect continue to sell like gangbusters. Bing and Online Services also had good news, 17 percent revenue growth in the quarter thanks to the plucky search engine gaining ever more ground against the competition. But, not everything is rosy, with the Windows-related revenue staying flat — down one percent this quarter, two percent over the year. Windows 8 will surely turn things around on that front, though, right?

Microsoft Q4 FY11: revenue, earnings, and profits all up, beating expectations originally appeared on Engadget on Thu, 21 Jul 2011 16:20:00 EDT. Please see our terms for use of feeds.

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AT&T this morning offered up some earnings tidbits, and there’s some good news in there for the iPhone-wielding mobile network. In its best-ever second quarter for smartphone sales, the company moved more than 5.6 million of the devices. AT&T raked in consolidated revenues of $31.5 billion for the quarter, up $680 million over last year. The Former Mrs. Bell also revealed that it is “confident” that, much to the chagrin of Sprint and others, its planned purchase of T-Mobile is set to be completed by the first quarter of 2012. AT&T will be offering up more financial details in an earnings call later today, including, no doubt, the much-rumored plans for magenta carpeting in its global headquarters.

Update: The company didn’t talk too much about its interior decorating plans, but it did insist that it is “look[ing] forward to working with the FCC,” and while it still has “work to do, we remain confident that we can satisfy the FCC and DOJ.” AT&T also happily pointed out support from governors of 26 states. The acquisition, it added, will offer “enormous efficiencies” and “is the surest and fastest way to address the unique network constraints and spectrum shortages affecting AT&T.”

AT&T ‘confident’ T-Mobile deal to close in Q1 2012 originally appeared on Engadget on Thu, 21 Jul 2011 09:03:00 EDT. Please see our terms for use of feeds.

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We know, you’ve heard it all before, but the chip maker’s once again reporting record revenues, reaching a whopping $13.1 billion in Q2 2011. If you’re keeping track, that’s up $2.3 billion, or 22 percent, from Q2 2010, and bests last quarter’s earnings of $12.9 billion by 2 percent. Net income was up 10 percent year-over-year, but down three percent from last quarter, ringing in at $3.2 billion. As Intel humbly points out, this is the outfit’s fifth consecutive quarter of record revenue. So, perhaps a little bit of gloating is in order.

Intel delivers record earnings yet again in Q2 — let the boardroom bragging begin originally appeared on Engadget on Wed, 20 Jul 2011 17:25:00 EDT. Please see our terms for use of feeds.

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