Hasta La Gadget!

By subscriber count, Verizon had vaulted into first place by a pretty comfortable margin following its Alltel acquisition, but AT&T added significantly more customers this last quarter than Big Red did — and just like that, the battle for first place among the US national carriers is starting to get hot again. Verizon added 997,000 customers (excluding acquisitions) in the July through September period versus AT&T’s beefy 2.6 million, meaning AT&T now stands at some 92.8 million — just 400,000 or so fewer that Verizon’s headcount. Nothing like an exclusive iPhone launch to give you a little boost, right? On the plus side, Verizon’s postpaid churn in the quarter was low at 1.07 percent, and Verizon Communications as a whole earned 31 cents per share — lower than its second quarter pre-adjustment EPS of 58 cents, but a heck of a lot higher than the 7 cent loss it actually posted in Q2.

Outside of wireless, the company added 226,000 and 204,000 FiOS internet and television customers, respectively, bringing the totals to 3.9 and 3.3 million; FiOS ARPU is up nearly 11 percent year over year, and the company claims that its FiOS business now represents about half of its consumer revenues — pretty impressive. Follow the break for Verizon’s full press release.

Continue reading Verizon adds fewer customers than AT&T in Q3, race for first place gets tight

Verizon adds fewer customers than AT&T in Q3, race for first place gets tight originally appeared on Engadget on Fri, 22 Oct 2010 11:57:00 EDT. Please see our terms for use of feeds.

Permalink   |   | Email this | Comments

Looks like Intel’s having its best quarter ever all over again: this time, the company’s reporting $3.0 billion in profit on a record $11.1 billion in revenue. Chipzilla attributes the surplus to three percent increases in laptop and server chips sales respectively, but none to Atom-based netbooks — sales of Atom chips actually decreased by four percent. That may be more than you needed or wanted to know about the booming processor business, but humanitarians will be pleased to know it’s not all about the silicon; Intel also hired 1,300 new flesh-and-blood employees last quarter to keep the machines running.

Intel reports record $11.1 billion earnings, brings home $3 billion in bacon originally appeared on Engadget on Tue, 12 Oct 2010 18:44:00 EDT. Please see our terms for use of feeds.

Permalink All Things D  |  Intel  | Email this | Comments

It’s good to see that HTC’s omnipresence in the smartphone market is paying off in nicely growing financial figures as well. Having reported $268 million in profit for Q2, the Taiwanese company is today touting a $360 million tally for the period between July and September 2010. Android is again fingered as the chief catalyst for this growth, which is best illustrated by comparing numbers to last year, when HTC managed to pull in $184 million during Q3, or almost exactly half of this year’s haul. Total revenues were also appropriately inflated, up to $2.45 billion, and analysts seem in agreement that HTC’s future is looking rosy. So long as the G2 hiccups remain an isolated incident, that should indeed be the case.

HTC grows profits in Q3 to $360 million, revenues rise to $2.45b originally appeared on Engadget on Wed, 06 Oct 2010 04:40:00 EDT. Please see our terms for use of feeds.

Permalink   |  Reuters  | Email this | Comments

First with HP, and now with Dell. The PC maker (and occasional phone dabbler) posted its second quarter fiscal 2010 report, which actually gives a good perspective on the relative position of each company in the global PC market. Whereas the House that Hurd once ran reported a $30.7 billion revenue and $2.3 billion operating profit, Dell posted $15.5 billion (up 22 percent) in revenue and $745 million operating income. Like we said earlier, operating income shouldn’t be confused with net income, which deducts those massive corporate taxes. Looking at net, the company profited $545 million, up an impressive 16 percent year-over-year. Focusing on the Consumer unit, revenue was flat at $2.9 billion, while at the same time operating income incurred a $21 million loss. According to the press release, the company “remains confident that initiatives underway will improve operating margins for the segment.” Is all this enough to quell irate shareholders? Chances are slim, but hey, it’s a start.

Dell’s Q2 2010 sees 16 percent increase in net income, flat revenue from Consumer unit originally appeared on Engadget on Thu, 19 Aug 2010 18:01:00 EDT. Please see our terms for use of feeds.

Permalink   |  Dell  | Email this | Comments

Garmin’s second-quarter results hit the wires this week, and overall, the company seems to be pretty healthy; its automotive, outdoor, aviation, and marine businesses all posted growth, average selling price was up, and shipped units grew a solid 8 percent year-over-year. If you read a little deeper, though, there’s one segment that undelivered — smartphones, a joint venture the company shares with ASUS — which contributed $27 million in revenue in the last three months. $27 million in profit would be business as usual for a division of a company of Garmin’s size, but $27 million in revenue is a drop in the bucket — and sure enough, the earnings report goes on to say that the performance was “below [its] plan.” They go on to say that they’re “working aggressively with T‐Mobile and other carriers around the globe on the appropriate positioning and pricing of our devices in the competitive smartphone space,” interesting wording considering our shock at the Garminfone’s initial pricing (and the fact that it’s more recently come down to $130 for new subscribers). In Garmin’s own words, the smartphone business is competitive to say the least — you can’t waltz in with an overpriced first-gen product and expect the world — so it’ll be interesting to see how they adjust going forward.

Garmin: revenue from phone segment in Q2 was ‘below our plan’ originally appeared on Engadget on Thu, 05 Aug 2010 12:54:00 EDT. Please see our terms for use of feeds.

Permalink Unwired View, Phone Arena  |  Garmin  | Email this | Comments