Hasta La Gadget!

Qualcomm’s back again with yet another set of impressive numbers. For the second quarter of this fiscal year, the chip giant saw record earnings of $3.88 billion, up 46 percent from the same quarter in the previous year, and collected $999 million of sweet profit which is a 29 percent jump from last year. This is no doubt to do with the 70 percent increase in the MSM7000- and MSM8000-series Snapdragon shipments in this half of the fiscal year (compared to 2H 2010), and it should be noted that this quarter also saw the 100th Snapdragon-powered device announced by a Qualcomm client. Additionally, EVP Steve Mollenkopf reassured us that the recent events in Japan won’t have any significant impact on upcoming shipments, so the 30 Snapdragon tablets in the pipeline should arrive as scheduled. Excerpts from the financial report can be found after the break.

Continue reading Qualcomm reports record quarterly revenues, boasts 100th Snapdragon device

Qualcomm reports record quarterly revenues, boasts 100th Snapdragon device originally appeared on Engadget on Thu, 21 Apr 2011 04:50:00 EDT. Please see our terms for use of feeds.

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We’ve been waiting for this one, the first indicator of the mythical Verizon iPhone‘s impact on the fortunes of the formerly exclusive Applephone carrier, AT&T. As it turns out, business is rolling along as usual over on the blue team, where AT&T spent Q1 2011 activating a total of 3.6 million iPhones, a nice round million more than the same period last year. Also interesting is AT&T’s note that somewhere around 40 percent of its smartphone sales come from Android, BlackBerry and Windows Phone 7 devices, leaving the iPhone to account for the remaining 60-ish percent. Taken as a whole, that group totaled up 5.5 million sales in the quarter, a new best for AT&T in the first three months of the year, and the smartphone segment is now said to account for 46.2 percent of the company’s postpaid user base. Jump past the break for more details in AT&T’s press release.

Continue reading AT&T reports best-ever first quarter for smartphone sales with 5.5 million, 60 percent of them are iPhones

AT&T reports best-ever first quarter for smartphone sales with 5.5 million, 60 percent of them are iPhones originally appeared on Engadget on Wed, 20 Apr 2011 08:17:00 EDT. Please see our terms for use of feeds.

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Want some numerical context to last night’s revelation that Apple is suing Samsung Electronics for copying the iPhone and iPad? How does $5.7 billion sound? That’s how much Apple spent on buying up parts from Samsung last year, according to the AFP, which cites the Cupertino company as Samsung’s second-biggest client after Sony. Given the breadth of Samsung’s component manufacturing, these expenditures can and probably do span everything from flash storage and RAM to processing chips to displays. What’s fascinating here — and illustrative of the psychopathic nature of corporations — is that in spite of this massive interdependency, Apple’s lodged a broadly worded patent assault on a major prong of Samsung’s business (smartphones and tablets) and now Samsung’s been quoted as saying it has “no choice but [to] respond strongly.” A company official has apparently expressed the belief that Apple may be infringing on some of Samsung’s wireless patents, which means we can probably look forward to another fat batch of papers being submitted to the Northern District of California court. Lovely.

Apple spent nearly $5.7b on Samsung parts in 2010, faces ‘strong’ response to its patent suit originally appeared on Engadget on Tue, 19 Apr 2011 04:06:00 EDT. Please see our terms for use of feeds.

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Well, it looks like Larry Page had a bit of good news and some bad news to deal with on his first quarterly earnings call as CEO of Google. The company has just reported $8.58 billion in gross revenue for the first quarter of 2011, which represents a 27 percent increase over the first quarter of last year, but is actually a bit less than analysts were expecting. That figure also doesn’t include the company’s so-called traffic acquisition costs, however, which totaled $2.04 billion for the quarter and bring the company’s actual revenue down to “just” $6.54 billion. Net income for the quarter was $2.3 billion, which represents a more modest gain from $1.96 billion in the first quarter of 2010. Also cutting into profits quite a bit was Google’s operating expenses, which were up a hefty 33 percent to $2.8 billion — a sizable chunk of which went to the nearly 2,000 new employees the company hired during the quarter.

Interestingly, Google also revealed a few Android stats during its earnings call, saying that app downloads are up a full fifty percent from the fourth quarter of 2010, and that there’s a total of three billion Android apps installed worldwide. As for Android devices, there’s apparently 350,000 of those being activated every day. Head on past the break for company’s full earnings report.

Continue reading Google announces Q1 earnings: $8.58 billion gross revenue, $2.3 billion net income

Google announces Q1 earnings: $8.58 billion gross revenue, $2.3 billion net income originally appeared on Engadget on Thu, 14 Apr 2011 17:14:00 EDT. Please see our terms for use of feeds.

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Nokia once said that going with Android was like “peeing in your pants” for temporary warmth. Well, even if that warmth doesn’t last forever, it has now helped one of its upstart competitors, HTC, to rise beyond Nokia in terms of market valuation. This is a somewhat beguiling metric to compare companies by — market cap measures the value of a company’s shares available on the market, and not every company has the same proportion of its overall value available in stocks — but it illustrates well the diametrically opposite directions in which the two mobile phone makers are moving. Bloomberg informs us that HTC’s stock has risen by 33 percent this year, while Nokia’s has shrunk by 19 percent. Surpassing Nokia now means HTC is the world’s third most valuable smartphone maker. Of course, neither Nokia nor RIM is sitting idly by and letting the Taiwanese whippersnapper have things its own way, however both companies’ roadmaps for re-conquering the smartphone high-end seem to stretch far off into the 2012 distance. As for HTC, we expect it to launch another Sensation of a device on Tuesday.

HTC’s market capitalization reaches $33.8b, overshadows Nokia and RIM originally appeared on Engadget on Thu, 07 Apr 2011 02:41:00 EDT. Please see our terms for use of feeds.

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