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ARM beats revenue forecasts, swims in piles of gold coins
Mobile chip wunder-company and recent Microsoft BFF ARM Holdings has released its financial results for the second quarter, and the news is good. Real good. Revenues are up about 50 percent compared to the same period a year before and profits jumped a whopping 167 percent. ARM indicates its strong presence in the mobile market is the primary reason for this growth, citing an average of 2.6 ARM-based chips in every cellphone. New licensing deals, like the one with Microsoft, also buoyed that result. What's next for the company? 2.6 ARM-based chips in every baby, puppy, and kitty.
Microsoft reports $4.5b in profit, a record $16.04b in revenue
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.
Apple posts record $3.25b profit in first full quarter of iPad sales, says more 'amazing products' coming this year
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.
Intel profits recover to $2.3 billion in Q4 2009, company describes it as 875 percent jump
Yo Intel, when your 2008 fourth quarter was one of the worst you ever recorded, it's slightly, just slightly, facetious to go trumpeting an 875 percent improvement in your 2009 fortunes. The self-appointed chipmaking rock star has clocked up $10.6 billion in revenues for the last quarter, which filters down to $2.3 billion in pure, unadulterated, mother-loving profit. That's good and indeed technically nearly nine times what the company achieved in the same period the previous year -- we'd just appreciate this to be represented as the recovery it is, rather than some major leap forward in the face of a global financial meltdown. Either way, the Santa Clara checkbook is now well and truly balanced, even if it would've looked fatter still but for the small matter of a $1.25 billion settlement reflected in last quarter's results.
BlackBerry shipments break record in Q3, RIM profits jump 59 percent
RIM being a thriving and profitable company is hardly a new story -- as confirmed by third quarter earnings of $628 million off the back of a record-breaking 10 million units sold -- but the way it's making its money seems to be changing. More than 80 percent of new BlackBerry subscribers in the quarter were private customers, marking a distinct shift -- maybe not away from the corporate arena, but definitely toward embracing the consumer market. In an effort to further consolidate its global empire, RIM has also announced a partnership with China Telecom to go along with its earlier China Mobile deal. Oh, and there's the small matter of the 75 millionth BlackBerry being sold, but we're sure the cool cats up in BB HQ aren't counting handsets, they're probably too busy rolling around in piles of money.
Microsoft first-quarter income down 18 percent, still beats expectations
Microsoft just turned in its first quarter financial report card, and while the good vibes around Windows 7 launch haven't yet begun to fade, the numbers here aren't exactly cheery: revenue is down 14 percent from last year at $12.92b, operating income is down 25 percent at $4.48b, net income is down 18 percent at $3.57b, and earnings per share are down 17 percent at $0.40. Not wonderful, but it's better than analysts were expecting, and the stock is actually way up on the news. Adding in the deferred revenue from early sales of Windows 7 makes things look a little better still, with only a four percent decline in revenue and an eight percent increase in earnings per share, and the Entertainment and Devices Division -- home of the Xbox 360 and Zune HD -- is also a bright spot, increasing income from $159m to $312m on essentially unchanged revenue. Of course, the big test will actually be next quarter, after Windows 7 has really had a chance to make an impact -- we'll see if all these warm fuzzies translate into cold hard cash.
Palm announces first quarter results: $164.5m net loss, 823k phones sold
Palm just announced its first quarter results -- the first to really include numbers from the Pre -- and they're positive (well, depending on how you look at things), with a $2.8m gross profit on $68m in revenue. Actually, that's a little low, since Palm uses the same sort of subscription accounting for the Pre as Apple does for the iPhone, so the unofficial numbers are higher: $100.6m gross profit on $360.7m in revenue. Still, we should point out that according to GAAP (you know, the rules that matter), the outfit had a net loss in fiscal Q1 2010 of $164.5 million, while the non-GAAP net loss was pegged at $13.6 million. Although Palm wouldn't include break out specific sales data, they did say that the "vast majority" of the 823,000 phones they sold in Q1 were Pres, so take that as you will. Oh, and if you were still holding out hope for more Palm WinMo phones, it's all over -- Palm is doing 100 percent webOS development from now on. (Shocker!). Update 1: Rubinstein deftly sidestepped the question of why Pixi was launched on Sprint as opposed to another carrier, saying "They're a great partner and we're looking forward to a great holiday season." Update 2: Asked about MOTOBLUR, Jon said "I don't know much about MOTOBLUR, but I think to build really great products, you have to control the entire experience -- you have to own the OS and the services around it." Update 3: Jon just said "We're on a web schedule with updates -- you'll see a steady stream of updates and features." Update 4: Revenue on accessories and anciliary products were "really very small, immaterial to overall trends." When pressed if it was in the low, single-digit millions, CFO Doug Jeffries emphasized, "very, very small."
Sprint loses $384m, 257k subscribers in first quarter of Pre availability
The Pre might have slowed the drain at Sprint but it hasn't managed to turn things around completely -- America's number three carrier posted a second-quarter loss of $384m as it lost another 257,000 subscribers. That just continues Sprint's trend of bleeding customers to the competition, and we doubt this balance sheet will turn around anytime soon -- not only will next quarter reflect the $483m purchase of Virgin Mobile USA, it's pretty clear that Verizon will get the Pre and AT&T will carry another webOS handset, leaving Mr. Hesse and crew without their shiny halo device to lure new subs to the fold. We'll see what Sprint does to turn this all around -- did someone say they need a Hero?
Palm says licensing webOS "not a religious issue"
Palm had its quarterly results conference call yesterday and although CEO Jon Rubinstein and CFO Doug Jeffries kept a pretty tight lid on the future product talk, they did say that licensing webOS to third parties isn't "a religious issue for us." That's pretty vague, sure, but we can't help but immediately think back to the golden age of Palm OS, when licensees like Sony put out amazing devices like the Clie PEG-NZ90 that we've lovingly mocked up with a webOS screenshot above -- we're sure Palm's upcoming handsets will be interesting in their own right, but we'd love to see a manufacturer like HTC riff on webOS the way it's tweaking Android. Of course, Jeffries also said Palm has "no plans at this time to even talk about" licensing, so this is all just a pipe dream for now, but let's not ruin the moment, okay? Hit the read link for the full call transcript.[Via GearLog]
Sony posts $1b loss, first in 14 years
Here's the good news: Sony's ¥98.9b ($1.03b) loss is slightly less than the $1.1b the company told us it would lose in January. Sadly, all of the other news is bad, starting with the fact that the company just lost a freaking billion dollars, its first loss in 14 years, and it's predicting a similar $1.1b loss next year. Electronics sales were down 17 percent, the Sony-Ericsson phone partnership is struggling, and game division sales dropped 18 percent primarily due to Sony's continued reliance on falling PS2 sales. As for the PS3, it's actually a dim bright spot: hardware cost reductions and increased game sales slightly stemmed the tide, but Sony's still expecting the division to lose money in the coming year. Sony also says it has "extensive measures" in store to try and turn things around after that, so we're hoping Sir Howard's plans to embrace open formats and listen to consumers are kicking into gear, but we'll see.Read - Sony financials [Warning: PDF]Read - Reuters reportRead - MarketWatch
T-Mobile sells a million G1s in the US
We don't know why T-Mobile isn't trumpeting this, but Deutsche Telekom's Q1 results are out, and the multinational carrier says that over one million G1s have been sold in the US, making up a majority of the 1.5 million 3G devices currently active on T-Mo's network. That's quite an accomplishment in just six months, considering the Android handset launched without nationwide 3G coverage -- it's better now, but we're talking just 21 cities back in October. Of course, a million's just a drop in the bucked compared to the number of Blackberrys, iPhones, and Windows Mobile devices out there, but we've got enough of a soft spot for Android to overlook it -- now let's get some more devices out the door and really boost that marketshare number, shall we?[Via Electronista]
Apple reports best ever March quarter with a $1.21b profit, calls netbooks "junky"
The economy might be in a dumpster, but Apple keeps selling iPods, iPhones and Macs -- the company just reported a $1.21b profit on revenues of $8.16b, which is yet another record quarter. In fact, if you do away with that pesky subscription accounting that the company uses for the iPhone and Apple TV, the numbers are even higher: $1.66b profit on $9.06b of revenue. Mac sales did fall three percent compared to a year ago, but that was offset by a three-percent increase in iPod sales (particularly of the iPod touch) and a 123-percent jump in iPhone sales. So, now that the numbers are out of the way, let's let Tim Cook take some shots at netbooks, shall we? When I'm looking at what's sold in the Netbook market, I see cramped keyboards, junky hardware, very small screens, bad software. Not a consumer experience that we would put the Mac brand on. As it exists today, we're not interested in it nor would it be something customers would be interested in the long term. We are looking at the space. For those who want a small computer that does browsing/email, they might want an iPhone or iPod Touch. If we find a way to deliver an innovative product that really makes a contribution, we'll do that. Slamming the door while simultaneously leaving it open -- how very Jobs-like. Speaking of which, Cook wouldn't say anything beyond the usual "We look forward to Steve's return in June" line, so no updates there -- but were you really expecting any? We're still listening to the call, we'll update if we hear anything good.Update 1: When asked about the Pre, Cook said "it's difficult to say anything about a product until it's shipped... I can't say anything intelligent about the Pre."Update 2: When asked about taking legal action on IP (presumably about the Pre), we just got a straight-up repeat of what they said last time: "We think competition is great as long as they invent their own stuff."Annnd, that's it -- we'd say the real fireworks are the numbers, since we'd already heard this line about netbooks from Steve himself. We just wish someone would've asked if Apple's reached out to Lauren and Giampaulo.[Via MacRumors]
Sony Ericsson says first quarter sales down 50%, $500m loss expected
Things just aren't going well for Sony Ericsson at the moment: hot on the heels of rumors that Ericsson might be looking to split out, the partnership's cautioning investors that first quarter sales are down some 50 percent. That translates to a loss of between €340 and €390 million, which we're guessing will translate to somewhere around $500 million -- sadly even worse than last quarter, when the outfit lost $247 million. SE blames the poor showing on "weak consumer demand," but we'd say it has more to do with a lineup of phones that always seem to be too little, too late -- let's hope those planned Android phones make an appearance soon.
Apple records another record quarter -- $1.61B profit
Apple just announced its quarterly results, and it looks the brutal economy isn't bruising the fruit at all -- the company posted a record $1.61B profit on $10.17B in revenue. Adjusted to reflect the subscription accounting Apple uses for the iPhone and Apple TV, that's $2.3B of income on $11.8B of revenue. Sales were all strong -- Macs were up nine percent to 2.5M sold, iPods up three percent to 22.7M sold, and iPhones were up 88 percent to 4.3M sold. If you're keeping track, that means Apple's now sold well over 10M iPhone 3Gs on top of beating its goal of 10M total iPhones in 2008, which is pretty tremendous. Acting CEO Tim Cook and CFO Peter Oppenheimer are taking questions from analysts now, we'll let you know if anything interesting happens -- as you'd expect, the first question was "How's Steve?" and it got basically a non-answer.2:18PM - After rattling off Apple's core goals and beliefs, Tim Cook said that "regardless of who is in what job, those values are so embedded in this company that Apple will do extremely well." Neither him or Peter would speak to succession plans or comment on Steve's health.
Apple Q408 results out: 6.9m iPhones sold, record Mac sales UPDATE: Steve answers analysts' questions
Hey, turns out that people seem to like a little thing called the iPhone 3G. Apple just announced that it's sold 6.9 million of 'em during its financial fourth quarter, beating out the 6.1 million total first-gen iPhones sold in the previous five quarters -- and beating RIM's total sales this quarter, which Apple seems excited about. Of course, that represents worldwide availability in 51 countries vs the initial US-only launch, so it's not totally unexpected that the numbers are up, but it means that Apple's hit its goal of 10 million iPhones sold in 2008, which should cause some celebration in Cupertino. Apple also seems pleased with Mac sales, which are up 21 percent over a year ago to 2.6 million -- more than it's sold in any other quarter ever. All that combines with 11 million iPods sold for a total profit of $1.1 billion on revenues of $7.9 billion -- that's a lot of scratch. Still, times are tough, so Steve, do you have a seemingly-cautious statement about the US economy that also doubles as a smug shot at your competitors? "We don't yet know how this economic downturn will affect Apple. But we're armed with the strongest product line in our history, the most talented employees and the best customers in our industry. And $25 billion of cash safely in the bank with zero debt." Yeah, we thought you might.PS.- The analyst call just finished with a special appearance from Steve Jobs, who took questions. Head past the break for our semi-liveblog transcript of the good parts.
AMD reports Q2 results: $1.2B loss, quitting handheld and digital television businesses
Well, no wonder Hector Ruiz quit as the CEO of AMD earlier today -- the chipmaker just announced its second quarter results, and they're not good. In addition to an overall $269M operating loss, the company is taking an $876M charge against the purchase of ATI so it can abandon the handheld graphics and digital TV markets. To be honest, we hadn't been hearing much about ATI's plans in those areas, so it's probably for the best the company is focusing on getting Barcelona out the door after the launch of Puma -- but we doubt much is going to happen with a power vacuum at the top and a bottom line that's bleeding red.[Via Crave]
Apple posts $1.58B profit, buys monocle, top hat
Well, the holidays were pretty happy down Cupertino way this year -- Apple just posted its Q108 financials and they're impressive. Spurred by sales of 2.3 million iPhones, 22 million iPods, and 2.3 million Macs, Steve and the boys raked in $9.6 billion in total revenue, which translates to $1.58 billion in pure, glorious profit. That represents Apple's latest best quarter ever, with a 35 percent jump in revenue year-over-year -- a $2.5 billion increase from last December. The $1.76 profit per share also beat consensus analyst estimates of $1.63 a share, and, as Piper Jaffray's Gene Munster pointed out in his notes, Mac sales have increased 43 percent since last year. All in all, quite a quarter for a fruit company -- we'll let you know what else we find out during the conference call later today.
Microsoft has an okay quarter, posts $4.3B profit
It's quarterly report time, and we doubt the boys in Redmond mind taking a little shine off Apple's big day with their first quarter results -- especially since Microsoft posted profits of $4.3B on revenues of $13.7B, an increase of 23 percent over last year. The company attributed the great quarter not only to a 90-percent spike in Xbox 360 demand due to what the what analysts are amusingly calling the "Halo effect," but also to strong performance by both Vista and Office -- Microsoft says demand for Vista is "encouraging," especially in markets like Brazil, India, and China. There wasn't much mention of the company's recent investment in Facebook or how Bill and the boys plan on reversing the online division's loss of $264M, but when you're playing around with four billion in profits, we suppose you can ignore pocket change like that.[Thanks to everyone who sent this in]
Apple sold 270,000 iPhones in the first 30 hours
According to Apple's Q3 financial results call, Apple sold 270,000 iPhones during the first 30 hours of sales -- the quarter ended on June 30th. Apple admitted to and apologized for activation problems, which would account for that 146,000 activations figure that AT&T released yesterday. As for sales past June 30th, Apple isn't saying much, but they do plan to be able to announce at least one million in sales by September 30th, and 10 million by the end of 2008. Apple reiterated launch plans for the iPhone in Europe, stating that it'll have the phone in a few "major" countries (Most likely UK, France and Germany) by Q4 2007, and hit the rest of Europe with the phone in 2008. Apple did mention "we'll have details later in the quarter about which carriers we'll be working with" as in, plural, so take that for what you will. During the call, Apple also admitted to an impending cashflow from AT&T, which had been speculated, and is most likely based on contract renewals and new subscribers that the iPhone nabs for AT&T. Apple will start counting the revenue in the September quarter, but didn't say anything else on the subject while dodging questions about Yahoo!, YouTube and Google contracts.[Thanks, Wildthing]
Apple releases 1Q results for 2006
Spoiler alert: It's going well. Apple recorded its highest earnings in the company's history during the fiscal quarter that ended on December 31, 2005. Apple claimed $5.75 billion in revenue and a net quarterly profit of $565 million during the 14-week quarter. They sold 1,254,000 Macs and 14,043,000 iPods, representing a 20% growth in Mac sales and 207% growth in iPod sales from a year ago.In other news, I found six bucks in my jacket pocket today and was really excited about it. Me and Apple: Same planet, different worlds.
