Apr 15

Feel-goodroid: Nexus One is in the black, 60K Android devices activated per day

Posted in: Android, earnings, financial, Google, nexus one, NexusOne, Today's Chili

We’d heard a couple times that the Nexus One was selling at a mere trickle, but what we haven’t heard is whether the phones that have sold are enough to generate a profit for Google — and on its earnings call today, the company claimed for the first time that its superphone is indeed in the black. Speaking both of the Nexus One specifically and of the platform as a whole, the company said that “it is a profitable business for us… we are driving the business to be a profitable business,” some of the strongest language we’ve heard that Google intends to fully convert Android from a hobby into an integral part of its financials going forward. On a related note, the company also boasted on the call that it’s “seeing more than 60 thousand devices sold and activations daily,” which — by our rough math, anyhow — would work out to close to 22 million Android activations annually, and they’re now up to some 38,000 apps in the Market. Certainly seem like these guys have cemented their position as a mobile powerhouse, doesn’t it?

Feel-goodroid: Nexus One is in the black, 60K Android devices activated per day originally appeared on Engadget on Thu, 15 Apr 2010 18:01:00 EST. Please see our terms for use of feeds.

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Apr 06

HTC beats earnings estimates in the first quarter, cites awesome marketing

Posted in: earnings, financial, HTC, Today's Chili

There’s no doubt the impending legal antics are weighing on hearts and minds inside HTC, but for now, the company’s got other fish to fry — like the first quarter’s financial results, for example. Fortunately, pretty much everything came up roses here with $1.2 billion in revenue, up some 19.3 percent year-over-year and nearly 11 percent higher than the high end of its estimate going into the call, though that still represents an 8 percent drop against the last quarter — holiday quarters are typically blockbusters, so no huge surprise there. HTC credits a “successful” marketing campaign for its success; we credit awesome hardware, but we’d guess the real answer lies somewhere in between. Quietly brilliant, indeed.

HTC beats earnings estimates in the first quarter, cites awesome marketing originally appeared on Engadget on Tue, 06 Apr 2010 13:17:00 EST. Please see our terms for use of feeds.

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Mar 31

RIM’s earnings just shy of expectations, expects boost next quarter

Posted in: BlackBerry, earnings, financial, RIM, Today's Chili

The latest quarter of earnings reported by RIM today was a bevy of pretty good news sprinkled in around one moderately negative piece — quarterly revenue — which missed the consensus estimate of $4.31 billion by about $230 million. Otherwise, though, the company set a new record for quarterly BlackBerry activations, raking in 4.9 million new accounts to bring the total to 41 million, and annual revenue grew 35 percent to $15 billion versus the year prior. Notably, co-CEO Jim Balsillie chimed in to say that the company is “off to a great start in fiscal 2011 and expect strong shipments, revenue, subscriber and earnings growth in Q1” to the tune of somewhere between $1.31 and $1.38 a share, which beats analyst estimates, so these guys must really like what they’ve got in store for the all-BlackBerry, all-the-time WES show in Orlando next month. That said, the company still closed down a little over a percent in trading today, so the bottom line — missing your numbers for the quarter — clearly counts for something.

RIM’s earnings just shy of expectations, expects boost next quarter originally appeared on Engadget on Wed, 31 Mar 2010 19:34:00 EST. Please see our terms for use of feeds.

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Mar 19

Palm shares take 25 percent plunge after downer earnings announcement

Posted in: financial, palm, pre, Today's Chili, webos

Remember that wild January day a bit over a year ago, when Palm debuted webOS and shares went wild? Well, after months of setbacks in the sales arena, and a rough $22 million Q3 loss announced yesterday, Palm’s stocks took over a 25 percent dive today, dipping below $5 for the first time since the Pre was announced. At the time of this writing things seem to be leveling off a bit, but it’s the most damage the shares have seen since October of 2009. Morgan Joseph analyst Ilya Grozovsky has downgraded the stock to “sell” and set a target price at $0. Canaccord Adams analyst Peter Misek has set a similar target, saying that he sees a “complete lack of earnings visibility.” So, candlelit vigil time? Imminent buyout? Riots in the streets? Hardly. Palm’s own Jon Rubinstein said in the earnings announcement that the company is “looking forward to upcoming launches with new carrier partners” which should (hopefully) brighten spirits a bit, and we haven’t heard a single credible buyout rumor, despite plenty of wild conjecture. There are also still a pair of analyst hold outs (just two, to be exact) that have buy ratings on the stock, reports Thomson Reuters. As for rioting? Well, that’s up to you. No matter what, Palm has some serious soul searching to do.

Palm shares take 25 percent plunge after downer earnings announcement originally appeared on Engadget on Fri, 19 Mar 2010 14:59:00 EST. Please see our terms for use of feeds.

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Mar 08

TiVo posts $10.2m loss, remains on deathwatch

Posted in: financial, financials, tivo, Today's Chili

We’ve had TiVo firmly on deathwatch since 2005, and although the company’s shares have recently surged with the launch of the TiVo Premiere and another legal victory over Echostar, things are still looking somewhat bleak: the Q4 numbers are in, and everyone’s favorite DVR company just posted a $10.2m loss. Why? For the same reason that’s plagued the company for five damn years now: it’s hard to sign up new subscribers when the cable company offers a similar good-enough product for less money, especially when TiVo can’t access cable VOD. And let’s be brutally honest here: we love TiVo and we’re more than excited to get our Premiere review units, but we don’t think a revised interface is going to stem the tide — almost every feature of the Premiere is available on the TiVo HD, after all. We’ve offered up our suggestions on how to re-energize the company in the past — that new QWERTY remote is a great start — but until TiVo stops playing ball with the same cable companies that actively try and cut it off at the knees and starts going for the jugular with features and pricing, we don’t think things are going to get any better.

TiVo posts $10.2m loss, remains on deathwatch originally appeared on Engadget on Mon, 08 Mar 2010 22:13:00 EST. Please see our terms for use of feeds.

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Mar 05

Apple shares hit record high on iPad shipping announcement

Posted in: Apple, financial, Today's Chili

Note to Microsoft, HP, Dell, and whoever else wants to get in the next-gen tablet game: your concepts are nice — even spectacular, in the case of Courier — but Apple’s about to actually ship a product, and investors are taking note. AAPL shares hit a record high of $219.36 this afternoon after the news that iPad pre-orders would begin on March 12 with an April 3rd delivery day, and they closed at $218.95, which is up around four percent. That’s got us curious: given the choice between actually purchasing the iPad and twiddling your thumbs waiting for unannounced, unpriced, and even possibly un-real devices like the Dell Mini 5, the HP Slate, or the Courier, are you taking the sure thing or holding out for your vaporous dream device? Hit us up in comments — and be nice to each other, it’s the weekend.

Apple shares hit record high on iPad shipping announcement originally appeared on Engadget on Fri, 05 Mar 2010 19:19:00 EST. Please see our terms for use of feeds.

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Feb 25

Palm sales ‘lower than expected,’ revenues to miss targets

Posted in: financial, financials, palm, pre, Today's Chili, verizon

Ruh-roh. Palm just confirmed what we heard from analysts yesterday: sales aren’t going so well. The company’s updated its third quarter financial guidance to say that consumer adoption of its products is “taking longer than expected,” leading to lowered order volumes from carriers and deferral of some orders to “future periods.” That certainly puts that “Chinese New Year” Pre / Pixi work stoppage in a slightly different context, doesn’t it? Looking at the new numbers, Palm says it expects non-GAAP Q3 revenue to be about $300m, or about the same it pulled in in Q2 before the Pre Plus and Pixi Plus launched on Verizon. That’s not a good sign, but we’ll see if that kicks someone at Verizon or Palm into realizing they might need a new, less-stupid ad campaign focused on capabilities, not stereotypes.

Palm sales ‘lower than expected,’ revenues to miss targets originally appeared on Engadget on Thu, 25 Feb 2010 09:50:00 EST. Please see our terms for use of feeds.

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Jan 28

Motorola files another small profit in fourth quarter

Posted in: earnings, financial, motorola, Today's Chili

Moto appears to be continuing its long, arduous road toward recovery on news of its financial results for the fourth quarter of ’09 — or, at the very least, it’s not losing any ground. Overall, the company posted a meager profit of $142 million for the quarter on revenue of $5.723 billion, $14 million better than a quarter prior and a staggering $3.799 billion better than the same quarter a year ago. Breaking it down by division, Mobile Devices is still in the red, but not by terribly much — it did $1.8 billion in sales with an operating loss of $132 million, while Home and Networks Mobility (the guys responsible for wireless infrastructure and set-top boxes) made $91 million on sales of $2 billion. Some 12 million handsets were shipped in the quarter alongside 3.4 million set-tops; that marks a downtick of 1.4 million phones from the third quarter, but as the company shifts focus to smartphones, it makes sense that would happen to a certain extent — provided the company can keep margins high. The company expects to lose somewhere between 1 and 3 cents per share in the first quarter of 2010, so the recovery isn’t complete yet — but stemming the bleeding was an important first step.

Motorola files another small profit in fourth quarter originally appeared on Engadget on Thu, 28 Jan 2010 12:25:00 EST. Please see our terms for use of feeds.

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Jan 27

Verizon lost $653 million last quarter in spite of increasing revenues

Posted in: 4G, earnings, financial, financials, lte, money, Today's Chili, verizon, Verizon Wireless, VerizonWireless, vzw

91.2 million total customers, 2.2 million of whom joined in Q4, $27.1 billion operating revenue in the quarter, and you still make a loss? Well, in fact Verizon made a tidy profit, which may be considered comparable to Google and Intel’s latest results, but its culling of jobs at the end of last year cost it a whopping $3 billion (presumably in redundancy settlements). Still, the company looks buoyant with that quarterly revenue number growing by 9.9 percent year-on-year, and CEO Ivan Seidenberg noting that significant costs were incurred in setting up for a 4G network deployment in 2010. Our favorite nugget of info? The “cash expense per customer” per month number: $27.62, which presumably includes Droid subsidies and the like. How does that compare to what you’re giving VZW each month?

[Thanks, Josta]

Verizon lost $653 million last quarter in spite of increasing revenues originally appeared on Engadget on Wed, 27 Jan 2010 03:28:00 EST. Please see our terms for use of feeds.

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Jan 25

Apple posts $3.38b Q1 profit: iPhone sales double, Macs up 33 percent, iPods down eight

Posted in: Apple, breaking news, BreakingNews, earnings, financial, Today's Chili
http://www.engadget.com/media/2010/01/applestorebeijing2-01252010.jpg

Apple just turned in its Q1 financials, revealing that iPhone sales have doubled in the past quarter compared to last year, Mac sales are up 33 percent, and iPod sales continue to decline with an eight percent dip from a year ago. The company brought in revenues of $15.68 billion, good for $3.38 billion in profit, or $3.67 profit per share. That’s up from last quarter’s profit of $2.26 billion on $11.88 billion in revenue, and in fact, it’s Apple’s all-time highest revenue and profits. Steve sounds pretty pleased in the PR, and hints at far more to come: “The new products we are planning to release this year are very strong, starting this week with a major new product that we’re really excited about.” We’re sure to find out more later on the analyst conference call, so stay tuned.

Update: We’re jumping on the call now, we’ll update the good parts in semi-liveblog style after the break, since we’re sure the real action will come on Wednesday. Let’s go.

Continue reading Apple posts $3.38b Q1 profit: iPhone sales double, Macs up 33 percent, iPods down eight

Apple posts $3.38b Q1 profit: iPhone sales double, Macs up 33 percent, iPods down eight originally appeared on Engadget on Mon, 25 Jan 2010 16:42:00 EST. Please see our terms for use of feeds.

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