Hasta La Gadget!

Verizon Communications, the majority shareholder of Verizon Wireless, just tossed out its Q2 2010 earnings, and unlike the majority of the other big boys we’ve seen, this company actually lost money over the past few months. All told, the mega-corp posted a $198m net loss compared to a $1.48b net profit this time last year, but if you were to exclude “special charges” for a workforce reduction, Verizon as a whole would’ve seen net profits of $0.58 per share. When focusing strictly on mobile, Verizon Wireless managed to pick up 1.4 million net customer additions, which is 200,000 shy of the 1.6 million that AT&T recently picked up. What’s crazy is that one carrier has the iPhone while the other doesn’t, and it doesn’t take the imagination of Peter Pan to figure out how those numbers would shift if Apple’s smartphone somehow picked up a CDMA radio and headed over to Big Red. Other fun facts about VZW’s second quarter include a 3.4 percent uptick in total revenues year-over-year, a 5.2 percent increase in service revenues and a staggering 28.3 percent boost in data revenues. With all that cash flowing in, is there really a need for these newfangled caps? Consumers say “no,” but Sir Capitalism says “yes.”

Update: We’ve been pinged by Verizon and given some clarification to the awful mess known as filing quarterly reports in accordance with GAAP with varying shares of ownership. We also learned that Verizon Wireless added 665,000 new net wireless customers under contract in the prior quarter, whereas AT&T added 496,000 contract customers. It’s pretty easy to make these numbers say whatever you want them to, apparently.

Continue reading Verizon posts $198m net loss, picks up healthy amount of new wireless subs

Verizon posts $198m net loss, picks up healthy amount of new wireless subs originally appeared on Engadget on Fri, 23 Jul 2010 13:55:00 EDT. Please see our terms for use of feeds.

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This time last year, almost to the day, Microsoft saw its first annual sales decline in history. Things are looking much better now, with the company reporting a record $16.04 billion in revenue, a 22 percent year-over-year increase for its Q4 revenue ending June 30th. In fact, revenue is up across all divisions, with Windows and Windows Live seeing the biggest uptick (43.5 percent to $4.55 billion) followed by Entertainment and Devices (27.3 percent to $1.6 billion). Operating income, on the other hand, paints a different picture of E&D, showing a $172 million loss for this quarter (compared to $141 loss in Q4 last year), but looking over the entire fiscal year, the home of Xbox and Zune this year did $679 million in operating income — a sizable jump to the $108 million from 2009. The overall operating income for the company is $5.93 billion this quarter (net income $4.52 billion), a 49 percent increase over last Q4, and $20.36 billion for the year (18 percent compared with fiscal 2009).

We know you’re interested in comparisons, so we’ll just go ahead and break it down for ya: the gang in Redmond is still beating Apple in both revenue ($16.04 billion vs. $15.7 billion) and profit ($4.52 billion vs. $3.25), but that margin feels smaller than it used to. Enough to keep the rumored pressure off Ballmer? Frankly, we don’t even think biplanes could knock the man off the top of a tower, but Windows Phone 7 has a lot to prove, and fast. Microsoft is hosting a webcast of its report later today — usually much ado about nothing, as far as we’re concerned, but we’ll listen in and let ya know if anything interesting pops up.

Update: Some interesting Xbox 360 statistics. 1.5 million consoles were sold this last quarter. Xbox Live has 25 million members, and for the first time since its inception, the revenue from the Marketplace exceeded subscription revenue.

Microsoft reports $4.5b in profit, a record $16.04b in revenue originally appeared on Engadget on Thu, 22 Jul 2010 17:14:00 EDT. Please see our terms for use of feeds.

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Apple just posted up its third quarter earnings — its first full quarter selling the iPad — and, well, it’s raining cash in Cupertino. The company posted a record profit of $3.25b on record revenues of $15.7b, which is up from $1.83b and $9.73b from a year ago. The big stat? Apple sold 3.27 million iPads, nearly matching the 3.47 million Macs sold — and Mac sales were up 33 percent from a year ago to set a new quarterly record. Yeah, damn. iPhone sales — including the first few weeks of the iPhone 4 — were up 61 percent from a year ago to 8.4 million, and the iPod continued its slow decline, down eight percent to 9.41 million units sold. Over half of the Apple’s sales — 52 percent — were international, and Jobs is quoted saying “we have amazing new products still to come this year.” Not a bad way to head into back-to-school and the holidays, we suppose — we’ve got a feeling those iPad numbers are just going to go up. The conference call to discuss all this is at 5pm ET, we’ll be covering it live right here.

Update: The call is all done — the full liveblog is after the break. We didn’t learn too much apart from the fact that Apple’s selling every iPhone and iPad it can make (Tim Cook repeated this over and over), and that Apple’s setting aside $175 million in revenue to cover the free iPhone 4 cases. Of course, given that Apple added an additional $4.1 billion in cash to its warchest this quarter for a total of $45.8 billion, that’s pretty much pocket change, but there’s the number.

Continue reading Apple posts record $3.25b profit in first full quarter of iPad sales, says more ‘amazing products’ coming this year

Apple posts record $3.25b profit in first full quarter of iPad sales, says more ‘amazing products’ coming this year originally appeared on Engadget on Tue, 20 Jul 2010 16:40:00 EDT. Please see our terms for use of feeds.

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Sure, smartphone and tablets might be the Next Big Thing, but desktop computing ain’t dead yet — just ask Intel, which just reported its best-ever quarter with a $2.9b profit on $10.8b in revenue. That’s an increase of $445m in profit from last quarter and a whopping $3.3b from last year, all driven by record laptop and server chip revenue, as well as a 16 percent increase in Atom revenue. What’s more, the average sale price of all those chips went up, and selling more chips at a higher price is always good for business. Intel’s got a call to discuss these numbers in depth at 5:30PM ET, we’ll let you know if we hear anything good.

Intel has its best quarter ever, brings in $2.9b profit originally appeared on Engadget on Tue, 13 Jul 2010 16:31:00 EDT. Please see our terms for use of feeds.

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We joked about HP printers running webOS almost the second we learned about the Palm acquisition, but it turns out that’s actually part of the plan: HP CEO Mark Hurd told analysts that webOS would hit a “variety of form factors, including slates and web-connected printers” on the company’s Q2 financial results call today. webOS tablets were obviously a no-brainer, but printers are slightly more intriguing, in a way: while we’re not overly surprised HP wants to leverage webOS on its line of advanced touchscreen printers, we’re very curious to see what that actually looks like in practice — a printer with Synergy-level Facebook integration for easy photo printing? A printer that can play 3D games like Need for Speed? A printer that can… multitask? The possibilities are amusingly endless, if you think about it — and HP’s printing and imaging division is a $6.4 billion dollar business, so the money and motivation to push this idea into strange new places are certainly there. Speaking of money, HP’s doing just well on that front in general: profits were up 25 percent this quarter to $2.9 billion on total revenues of $30 billion, so yeah — Palm certainly has the money and resources it’s desperately needed. Now it just needs some new products and sharper execution.

HP says webOS coming to slates and web-connected printers originally appeared on Engadget on Tue, 18 May 2010 18:09:00 EDT. Please see our terms for use of feeds.

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