Hasta La Gadget!

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.

Permalink   |  Motorola  | Email this | Comments

With Nokia still yet to fully dive in to the Windows Phone swimming hole, you had to know it was going to be another ugly quarter’s worth of results. And it is. The company just posted its Q2 2011 numbers and there’s a definite downward trend. Operating profits declined 44 percent since Q1, 391 million Euro compared to 704, and net sales of mobile devices are down 23 percent over the same period — 20 percent compared to Q2 last year. CEO Stephen Elop quite naturally tried to spin this thing in the right direction:

The challenges we are facing during our strategic transformation manifested in a greater than expected way in Q2 2011. However, even within the quarter, I believe our actions to mitigate the impact of these challenges have started to have a positive impact on the underlying health of our business. Most importantly, we are making better-than expected progress toward our strategic goals.

But, he can’t deny the obvious, calling the results “clearly disappointing.” Looking forward, Elop expects “competitive pressures to continue,” but indicates the company has a “clear strategy” to improve things. He says those who have seen the company’s early Windows Phone devices (really, who hasn’t) are “very optimistic” about their potential and that they hope to launch this year with a “sequence of concentrated product launches. Very expensive launches, we hear.

Update: Elop just wrapped up his portion of the company’s earning call. A summary and a few choice quotes are available below.

Continue reading Nokia Q2 2011: ‘clearly disappointing’ results as challenges prove ‘greater than expected’

Nokia Q2 2011: ‘clearly disappointing’ results as challenges prove ‘greater than expected’ originally appeared on Engadget on Thu, 21 Jul 2011 06:52:00 EDT. Please see our terms for use of feeds.

Permalink   |  Nokia, (PDF)  | Email this | Comments

It’s everybody’s favorite time of year. Yup, the Q2 earnings results are coming in, and Google’s leading the pack, reporting $9.02 billion in gross revenue for the second quarter of 2011: a 32 percent increase over the same period in 2010. CEO Larry Page notes, that’s a “record breaking over $9 billion of revenue,” with net income reaching $2.51 billion, up from $1.84 billion in Q2 2010. Google’s various sites apparently made up 69 percent of the $9.02 billion in revenue, generating $6.23 billion — 2010 numbers were $4.50 billion. Operating expenses saw a notable increase over 2010, cutting into profits by $2.97 billion, up from $1.99 billion.

Larry Page has just announced some Android usage numbers, pointing out that 550,000 devices, rocking the little green robot, are being activated per day. That’s up from the 500,000 announced late last month. Android Market numbers are also up, with six billion total downloads.

Continue reading Google announces Q2 earnings: $9.02 billion in revenue, $2.51 billion in net income

Google announces Q2 earnings: $9.02 billion in revenue, $2.51 billion in net income originally appeared on Engadget on Thu, 14 Jul 2011 16:07:00 EDT. Please see our terms for use of feeds.

Permalink   |  Google  | Email this | Comments

There was a time when RIM owned the smartphone space with its revolutionary push email-equipped BlackBerrys. And there are still plenty of folks who can’t live without a good physical keyboard and BBM. But, despite the company’s $4.9 billion in revenue and $695 million in profits from Q1 2011, RIM’s stock has tumbled to its lowest price in five years. What’s changed since those heady days when it seemed like there was a Pearl in every pocket? As many of you know, Androids and iPhones have carved out a big chunk of the smartphone market, largely at RIM’s expense. Sure, Blackberry 7 OS is coming and the PlayBook is rolling out to help the company gain ground on Android and iOS, but only time will tell if these latest efforts from Waterloo can stem the rising tide of iPhones and little green bots.

RIM shares hit a five-year low: oh, how the mighty have fallen originally appeared on Engadget on Fri, 17 Jun 2011 21:21:00 EDT. Please see our terms for use of feeds.

Permalink   |  Market Watch  | Email this | Comments

Continue reading RIM announces Q1 earnings, says it’s shipped 500,000 PlayBooks (update: 4G PlayBooks delayed)

RIM announces Q1 earnings, says it’s shipped 500,000 PlayBooks (update: 4G PlayBooks delayed) originally appeared on Engadget on Thu, 16 Jun 2011 16:52:00 EDT. Please see our terms for use of feeds.

Permalink   |  RIM  | Email this | Comments