q4 2011
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Canon announces middling Q4 2011 earnings report, president steps down
In the wake of a relatively strong Q3, Canon today unveiled a slightly less rosy earnings report for the fourth quarter of 2011. Net sales for the quarter reached ¥964.8 billion (about $12.6 billion), up from the ¥916 billion the company reported last quarter, but down about 9.7 percent from Q4 2010. Quarterly operating profit, meanwhile, rose 14.2 percent on the year, to ¥94.6 billion ($1.2 billion). Profit for the full fiscal year, however, declined by 2.4 percent to ¥378.1 billion (approximately $4.9 billion), compared with the ¥387.6 billion ($5.1 billion) Canon raked in for all of 2010. Net income, on the other hand, rose by nearly 14 percent over Q4 2010 (¥61.4 billion from ¥54 billion), but only 0.8 percent over the full fiscal year (¥248.6 billion in FY 2011, ¥246.6 billion in FY 2010). Looking forward to 2012, the cameramaker expects net income to increase to ¥250 billion, which would mark the second straight year of less than one percent growth. This forecast is lower than what many analysts expected, though Canon based its projections on assumptions that the yen will continue to rise against both the dollar and the euro, making Japanese exports more expensive in Western markets. It was against this backdrop of disappointment that company president and COO Tsuneji Uchida announced his resignation today, effective March 29th. The 70-year-old Uchida will be replaced by 76-year-old chairman Fujio Mitarai, with Uchida slipping into an advisory role. Coming off a year that saw a devastating tsunami in Japan and supply chain disruptions in flood-ravaged Thailand, Canon underscored its cautious outlook for 2012, in a statement: "The future remains increasingly uncertain amid growing concern over a global economic slowdown." Find Canon's full report at the source link, below.
Samsung 2011 Q4 earnings official: $42 billion in sales, $4.7 billion operating profit
It might not be making as much money as the competition in Cupertino, but that doesn't mean Samsung isn't raking in cash at an astonishing clip. We reported earnings estimates a few weeks ago, but now it's official that the firm posted a 5.3 trillion won ($4.7 billion) operating profit in Q4 2011. That represents over a 2 trillion won ($1.8 billion) increase year over year. In all, it pulled in 47.3 trillion won ($42 billion) in sales, thanks in no small part to the over 300 million phones Sammy sold last year. While mobile accounted for roughly 40 percent of company sales and half of its operating profit (2.6 trillion won, or $2.3 billion), its semiconductor business did almost as well, raking in 2.3 trillion won ($2 billion) in profit over the same period. Samsung's Display Panel business outperformed 2010 -- buoyed by strong sales in LED televisions -- as sales were up almost 20 percent, to 8.55 trillion won ($7.6 billion).Well the call just finished up, and Sammy provided some prognosication for 2012. It anticipates the mobile business to continue to grow, with LTE and and new market segments (read: Galaxy Note) helping drive sales. TV sales are also expected to remain on the uptick, as Samsung anticipates demand to continue growing due in part to the London Olympics and roll-out of more Smart TVs. Feel free to check out all the numbers giving Samsung reason for its optimism at the source link below.
Motorola announces Q4 2011 earnings: $3.4 billion revenue, $80 million net loss
Motorola offered a estimate that lowered expectations for its Q4 2011 earnings earlier this month, and it's now out with the final numbers, reporting net revenues of $3.4 billion and a GAAP net loss of $80 million. That's a swing in the opposite direction from $80 million in net earnings during the same quarter a year ago, although the company did achieve the "modest profitability" it had promised on a non-GAAP basis, reporting earnings of $61 million by that accounting standard. Its earlier estimates of device shipments for the quarter also proved to be on the mark, with the company confirming that it shipped 10.5 million mobile devices in total, 5.3 million of which were smartphones. Mobile device shipments for all of 2011 totaled 42.4 million, with 18.7 million of those being smartphones. As for the company's efforts to break into the tablet business, it says it "shipped" 200,000 tablets in Q4 and an even one million during the year, although there's no word on actual sale figures to consumers. Motorola's Sanjay Jha also says that the company remains "energized" about the proposed merger with Google, which is still expected to close in early 2012 (it's also, incidentally, precluded an earnings call for today). Those interested can find all of the company's numbers at the source link below.
AT&T reports 'blow-out' Q4, revenues up 3.6 percent, 7.6 million iPhones activated
AT&T is all smiles again, as it announces a quarter in which it managed to sell 9.4 million smartphones. It nearly doubled handset sales from Q3 and managed -- perhaps unsurprisingly -- 7.6 million iPhone activations, with the majority being Apple's latest flavor of phone. It looks like the loss of its exclusivity tag hasn't hurt its sales, with Ma Bell quick to note that it sold far more iPhones than its Big Red rival. Total consolidated revenues were up $1.1 billion from last year, that's a 3.6 percent increase and it's up just over $1 billion from last quarter. However, due to the failed T-Mobile acquisition (and the subsequent pay-off) net income was a loss of $6.7 billion, with $4.2 billion of this going to its previously potential partner. Aside from bumper smartphone sales, AT&T's attributed its revenue increases to a year-on-year increase in wireless subscriptions in all their forms -- including wireless internet. An additional 208,000 AT&T U-verse TV subscribers has tipped the viewer count to 3.8 million. See AT&T's own take on its results below.
Microsoft paid Nokia $250 million to adopt Windows Phone, Q4 earnings report reveals
Microsoft and Nokia have historically been pretty tight-lipped about the value of their Windows Phone partnership, but the cat leapt out of the bag this morning, courtesy of Espoo's Q4 2011 earnings report. As SlashGear's Chris Davies noticed, Nokia received about $250 million from Redmond during the fourth quarter of 2011, as part of the companies' "broad strategic agreement." Under the agreement, the manufacturer receives so-called "platform support payments" from Microsoft -- which, in turn, receives software licensing payments from Nokia. The $250 million Microsoft doled out last quarter is the first of these transactions. All told, Nokia expects the payments both to and from Microsoft to total "in the billions of US Dollars."
Nokia releases Q4 2011 earnings report: operating profits drop, Lumia sales break one million
Nokia released its latest quarterly earnings report today, following up on a somewhat disappointing Q3 with a similarly bleak Q4. The Finnish manufacturer finished 2011 with a little more than €10 billion ($13.1 billion) in net sales -- 11 percent higher than Q3, but 21 percent lower than 2010, when Nokia raked in about €12.7 billion (approximately $16.7 billion). Operating profit, meanwhile, rose by 90 percent over Q3, but is still down on the year by a whopping 56 percent; this quarter, in fact, saw an operating loss of €954 million (about $1.3 billion). Its net cash and liquid assets also dropped by €1.4 billion over the year, marking a 20 percent decline. The general takeaway, then, is that things are looking better than they were last quarter, but worse than they were last year. To date, the company has sold "well over" one million Lumia devices, but this Windows Phone surge has apparently come at Symbian's expense. "In certain markets, there has been an acceleration of the anticipated trend towards lower-priced smartphones with specifications that are different from Symbian's traditional strengths," CEO Stephen Elop said in a statement. "As a result of the changing market conditions, combined with our increased focus on Lumia, we now believe that we will sell fewer Symbian devices than we previously anticipated." Looking forward, Nokia expects to break even during the first quarter of 2012, due in part to lower than expected seasonal sales and what it calls "competitive industry dynamics." For the full report, check out the source link below.
Nintendo releases quarterly earnings report: 61 percent drop in profit, grim forecast
Nintendo released its latest quarterly earnings report this morning and, as with last quarter's report, there's not a whole lot to celebrate. The company posted profits of ¥40.9 billion (about $631.6 million) for the October - December period, representing a 61 percent quarterly drop. That's especially disappointing, considering that this period has traditionally been strong for Nintendo, which had previously forecast an operating profit of ¥1 billion (around $12.9 million). Those forecasts have since changed, however, with the manufacturer now predicting a ¥45 billion ($580 million) operating loss for the full year, ending March 31st. Nintendo blames the poor showing to sagging 3DS sales, which have forced it to slash prices. Also on Thursday, President Satoru Iwata told reporters that his company plans to release its new Wii U console across the US, Europe Australia and Japan in time for the 2012 year-end holiday season. Read the report in full, at the source link below.
Netflix Q4 results: 220k new streaming-only customers, beats earnings estimates (Update: no game rentals coming)
Netflix's Q4 2011 earnings report is in, and the company indicates its streaming subscriber count is now 21.67 million. DVD subscribers were still down however, although not as much as expected with cancellations peaking in September when the services split, leaving it with a total number of 24.4 million customers. This closes out a tough 2011 that saw its subscriber count drop by 800k in Q3, and most recently resulted in the search for a new Chief Marketing Officer. The company exceeded its own targets for growth in streaming customers and domestically, the segment reported a higher-than-expected profit of $52 million.When it comes to its competition however, Netflix cosigned a rumor indicated today by the New York Post that Amazon may spin off its Prime Instant video service into a cheaper-than-Netflix standalone offering. For now however, it believes Amazon and Hulu offer only a fraction of its content, and net subscriber viewing hours that are less than 10 percent of the 2 billion --around 30 per member -- it reported during Q4.Regarding the new 56-day delay for DVDs and Blu-ray discs from Warner Bros., it "didn't like" the new terms, but decided it was more efficient to keep a direct relationship for discs than to try buying discs from retail again, and expects more "differentiated dates" from studios going forward. With its Starz deal coming to an end soon, Netflix plans to plug the content hole by licensing some of the movies from Encore directly from the studios, and the kid-friendly Disney fare with flicks like The Adventures of Tin Tin and Rango from Paramount (via Epix) until its new Dreamworks deal takes effect in 2013. Interestingly, it also comments that "content is a differentiator", and that it's "increasingly" licensing content exclusively to fight its true competition, TV Everywhere services like HBO Go. We'll be back with any interesting remarks from the earnings call (scheduled for 6PM ET), until then check out the press release itself linked below.Update: The earnings call (just finished) was predictably boring, but CEO Reed Hastings confirmed the company has "no plans" to offer videogames for rental, which had been announced as part of the later-retracted Qwikster spinoff. As far as offering current season episodes of TV shows for cord-cutters, it won't be bidding on those either. When it comes to 3D, Blu-ray 3D discs are already in the mix, while the company is "looking into" streaming 3D.
AMD reports a net loss for Q4 2011, 30 million APUs sold last year
As the quarterly earnings train rolls along, AMD has announced its results for the last three months of 2011, with weaker than expected sales resulting in a net loss of $177 million on revenue of $1.69 billion. Worse, ZDNet mentions AMD expects revenue to continue to decline as 2012 gets started. Of course, there were highlights including sales of more than 30 million Accelerated Processor Units (APU) for the year, resulting in record annual notebook revenue, while CEO Rory Read also noted "re-gained momentum" in its server business. AMD's revenue remained flat YoY at $6.57 billion, but that and all the other dirty financial details are in the press release after the break. For 2012 Read says AMD is "clear on our priorities and opportunities", we'll see if those newly focused initiatives add up to a better result at this time next year.
Verizon releases Q4 results, sees jump in revenue, broadband subscribers, net loss
Verizon has just come out with its Q4 results this morning, ending the fiscal year with yet another solid revenue report, and a decidedly less rosy net loss. According to the provider, total revenue reached $18.3 billion during the final quarter of 2011, up 13 percent from last year. Verizon saw a particularly notable spike in data revenue, which reached $6.3 billion, representing a 19.2 percent increase over the year, and comprising nearly 42 percent of all revenue. Overall, though, VZW finished the quarter with a net loss of $2.02 billion, compared to the $2.64 billion profit it saw last year. The company also saw an increase in its subscriber base, adding 98,000 broadband customers in the span of a quarter, including 201,000 FiOS internet users, 194,000 new FiOS video subscribers, and a net addition of 1.2 million postpaid customers. As far as demographics go, smartphones now comprise a full 44 percent of Verizon's consumer base, up from 39 percent last quarter. For the full year, total revenue finished at $70.2 billion, up 10.6 percent from Big Red's 2010 figures. For more stats and breakdowns, check out the full PR after the break.
Texas Instruments 2011 Q4 earnings: $3.42 billion in revenue, $298 million in profit
It's that special time of year after CES, when many tech companies regale us with their latest earnings reports. Texas Instruments is the most recent firm to divulge its financials, and while the company isn't breaking any records, it did beat Wall Street's expectations. TI pulled in $3.42 billion in revenue, a three percent dip from the previous year, and profit dropped to $298 million from the $942 million it made in Q4 2010. While the company's spinning the numbers as a positive, stating that orders for its chips are up and its revenue beat estimates, the fact that TI's closing two manufacturing plants over the next year and a half doesn't paint such a rosy picture. Of course, if the future with OMAP 5 is as good as we think it is, Texas Instruments should be just fine.
Intel reports record 2011 earnings, bests Q4 estimates
Intel just released its fiscal year-end numbers, including its Q4 report, and things are indeed looking up for the company. After revising its final quarter estimate late last December on the heels of supply chain reductions, the chipmaker posted $13.9 billion in revenues on the strength of its PC client and data center group, beating its prior goal of $13.7 billion, but still falling well under its initial $14.7 billion target. As for its full year performance, well it appears this is one for the books, considering revenues grew to $54 billion -- a $10 billion plus year over year boost -- with profits coming in at $12.9 billion, leading 2011's statement to "[eclipse] all annual revenue and earnings records." And with Ultrabooks lingering just on the horizon, the company expects business to continue to boom well into 2012. Need a more detailed look at Intel's bottom line? Then click on past the break for the official PR.
TSMC profits down 22.5 percent, still able to afford a new yacht
It's not been a great year for Taiwan Semiconductor Manufacturing Company: the chip foundry behind Qualcomm and NVIDIA's silicon (amongst others) saw profits slump by 22.5 percent in the last quarter of 2011. Like everything in this world, however, trouble is relative: the business still made a net profit of just over a billion US dollars. CEO Morris Chang pointed a wealthy digit toward customers clearing out old inventory and said that new orders for phone and tablet CPUs would arrive shortly -- thanks to a 28-nanometer factory that opened its doors around the same time. He then casually mentioned that a 20-nanometer facility will open its doors towards the end of this year, followed by a 14-nanometer block by 2014. We've got the report on the financials -- for those with a currency convertor and some spare time to hand -- after the break.
Nielsen: Android still top dog, but Q4 buyers preferred iPhone 4S
Nielsen crunched Q4 numbers today, and the results will likely have Apple analysts jumping up and down. The findings, focused on those who've purchased a smartphone within the previous three months, indicate a huge spike -- from 25 percent in October to 45 percent in December -- in iPhone purchases since October as an obvious result of the launch of the 4S. Conversely, the number of recent Android buyers fell by 14 percent in the same period. Of course, these numbers are directly affected by Apple's latest product launch and by no means should be any indicator that Apple is poised to win the battle against its bitter rival, as iOS continues to trail Android by over 16 percent in market share. Looking at the war for the third spot, RIM's US market share declined by 2.9 percent from Q3 to Q4, falling to 14.9 percent -- not a surprise, since it only captured the hearts of six percent of recent buyers this quarter -- and Windows Phone slightly increased from 1.2 to 1.3 percent. Full press release and chart can be found after the break.
Motorola estimates 10.5 million devices shipped in Q4 2011, over half smartphones
We'll need to wait for the company's earnings later this month for the final numbers, but Motorola has now provided some preliminary results for the fourth quarter of 2011 that indicate smartphones accounted for more than fifty percent of all the mobiles devices it shipped. Specifically, Motorola estimates that it shipped a total of 10.5 million devices in the quarter, 5.3 million of which are smartphones (there's no further breakdown beyond that). That's up from 4.8 million smartphones in the previous quarter, although the number of total mobile devices slipped from 11.6 million. The company also says it expects "modest profitability" with estimated sales of $3.4 billion for the quarter, and it reaffirmed that it expects Google's $12.5 billion acquisition to close in "early 2012" if all goes as planned. Head on past the break for the press release.
HTC's growth streak is over: quarterly revenue down 2.5 per cent, profits even worse
Difficult times for a company that had grown used to a gleaming record of growth. As predicted after that serious stutter in November sales, HTC's unaudited revenue for Q4 2011 shows a 2.49 percent fall on the same quarter in 2010. Unaudited operating income was just shy of 13 billion Taiwanese dollars (about $430 million), which represents a 22 percent decline on the year before. Prior to this, the company had seen nothing but upward movement after springing out of nowhere a few years ago and delivering us some rather nice handsets, but it looks like competition in the Android sphere (read: Samsung) is starting to make life harder for the Taiwanese manufacturer -- although none of its recent statements betray much in the way of self-reflection.
Creep out other commuters: Kinectimals adds iOS to its mobile roster
With the recent launch of "My Xbox Live" on Apple's iOS platform, not to mention Halo Waypoint, Microsoft seems to have officially embraced the ubiquity of its competition's devices. And with today's release of Kinectimals for iOS (a port of the already released Windows Phone 7 version), that relationship is further solidified, but in a softer, furrier way. Kinectimals for iOS puts you back on the adorably named island of "Lemuria," on which you raise virtual feline cubs. According to the game's iTunes description, it works on both iPad and iPhone/iPod Touch devices, and costs $2.99. Purchasing the game will also net you "five brand new cubs" for the Xbox 360 game (presumably of the feline variety), if you're in the market for some brand new animal cubs. And for those asking, no, we're not exactly clear on how you get the "Cub Handler" certificate pictured above. We have some guesses, but they're all way lurid.%Gallery-141699%
Oddworld: Stranger's Wrath HD reaches PSN by year's end
If you weren't overwhelmed by the glut of new games in 2011, there were plenty of polished oldies to keep you occupied -- and we'll have to make room for one more of those before 2012 sets up shop. Oddworld: Stranger's Wrath HD is coming to the European PSN on December 21, and to the US store on December 27. Headed by Gravity Crash developer Just Add Water, the Stranger's Wrath overhaul contains -- among other things -- upgraded character models, enriched environments, bug fixes, difficulty modifiers and even minor corrections to visual continuity. (Example: "Sekto's Office has been changed to more closely resemble that seen in the FMV.") You'll get all that for $14.99 (or £9.99), alongside the stuff we loved back in 2005: unusual weaponry, off-beat characters and, err, not-so-subtle commentary on the ecological devastation wrought by rampant consumerism and corporate expansion. It's Oddworld. Just Add Water also announced via Twitter that the HD updates would come to the PC version of Stranger's Wrath within two to three months. The PlayStation 3 game will also get an update within a "couple months," adding the Move and 3D support that was planned but not implemented in time.
Lumi lights up the App Store this month
No, Lumi for iOS isn't your own downloadable copy of the AI character from Child of Eden. Instead, it's a new action-puzzle game in which you control a flying character who can navigate by manipulating magnetism (and by being shot out of a cannon) in lovely, balletic arcs. Title character Lumi gathers fireflies, to reignite "Light Trees" and bring light back to the world. And you'll be motivated to illuminate that world by the pretty 2D background art! And, you know, by that being the point of the game. Lumi will be released December 13, for $3 on iPad and $2 on iPhone/iPod Touch.
Q.U.B.E. enters our space December 16
Toxic Games will be the first to get an Indie Fund-backed game out, when its abstract first-person puzzle game Q.U.B.E. is released on December 16. It'll be available for PC on Steam, Desura, and Playism for $14.99. A Mac version will follow "shortly after PC." Q.U.B.E. asks players to navigate a series of puzzles by manipulating colored cubes they find in the environment, all with their own unique properties. You may have played it at our last Joystiq meetup! It was the one with the cubes.
