2012
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Apple unveils iOS 6 at WWDC, launch apps with Siri, Facebook integration, Maps
Looks like they didn't print the banner out for nothing -- as anticipated, it's not just refreshed MacBook Airs or Mountain Lion getting the red carpet treatment at today's World Wide Developer's Conference keynote. Cupertino has also taken the shiny cling wrap off of the latest version of iOS. What's new? Well at least 200 things! Most notably, Siri has gotten a little make over, including the ability to launch apps, more knowledge of sports, restaurants and movie times, it's also coming to iPad. There's better Facebook integration too, with photos, websites, maps and more getting the instant share option -- you can even "like" or share app from the Appstore. Other tweaks on the phone side of things let you dismiss incoming calls with a swipe, or send a pre-written SMS, even set it to give you a reminder once you change location. Another popular feature will be "Do Not Disturb" which holds off all those notifications (from your new Facebook friends, we guess). You'll still get them, but the won't alert, or light up the screen. Face-timers will also be pleased to see that feature finally working over cellular. Sharing images also just got easier with shared Photo Streams -- choose the pictures, choose the friends. Done. New "Guided Access" allows parents or teachers (for example) to keep users from exiting an app accidentally (or in the case of the teachers -- intentionally!). More info and PR after the break.
Tactus' morphing smartphone and tablet display hands-on
Tactus Technology, a small start-up out of Fremont, CA, made a big splash at this year's Society for Information Display (SID) conference. The company, which came to Boston, MA toting a single product, showcased an early prototype of its morphing touchscreen display. The screen, which looks and acts like all other smartphone and tablet displays, has a very special and unique feature: it can dynamically create and remove tactile keys on demand. Tactus utilizes a specially designed window that sits directly on top of a display's touch sensor -- which we're told can be fitted to almost any touchscreen -- that has specially designed channels. A "proprietary oil" is, at the behest of the underlying operating system, forced in and out of these channels to raise the display surface and create a tactile interface for the end-user. It's a concept that, much to the delight of ardent smartphone and tablet keyboard lovers, can provide a physical input experience without sacrificing screen real estate. Have a look at our hands-on gallery then saunter past the break to see this tactile touchscreen in action and read our impressions. %Gallery-157475%
Virgin Media activates more tube WiFi hotspots, minds the gaps in its coverage
Virgin Media has flicked the switch and coated Kings Cross and Warren Street tube stations in gloriously free WiFi. The pair will be joined tomorrow by Oxford Circus and Green Park, while Victoria and Euston will do the same on the 9th. In order to use the service, which is free during the Olympics, users need to hop onto the network and register their email address. Once the summer is over, Virgin Media customers will get preferential treatment on the network, with everyone else buying pay-as-you-go minutes so they can tweet about how long we're stuck at Edgware Road... again.
Virgin Media names the first 80 tube stations to get WiFi hotspots
Transport for London and Virgin Media have announced the first 80 London Underground stations that'll receive free WiFi in time for the Olympics. By the end of July, users will be able to surf from the train platform, ticket offices and escalators -- ideal for a few extra rush-hour injuries. The partnership will offer the internet free during the games season before switching to a pay-as-you-go model, with plans to swell the network to 120 by the end of the year. If you'd like to know if your morning commute is about to get some extra connectivity then head past the break for the full list.
NBC lays out 2012 London Olympics broadcast plan on TV, internet, apps and in 3D (video)
Love it or hate it, we're stuck with NBC as our Olympics broadcaster in the US, and the company recently laid out its full plans for the 2012 Olympics in London this summer. The good news first: NBCOlympics.com will live stream every single event (they'll even be on YouTube, and in the UK the BBC has its own plans) for the first time ever including streams of each of its channels, encompassing 3,500 total hours and the awarding of all 302 medals. The bad news is that if you're not a cable subscriber, many of those hours will not be available to you, and even if you are, you're looking at a (likely convoluted) authentication sign-in process. That's a little bit of pain, sure, but it should mean what we've been asking for -- the ability to watch all Olympics events as they happen, not tape delayed for prime time after viewing grainy bootleg streams over the internet. Also new for the internet are multiple streams for the same event, so for example, viewers can select a particular gymnastics apparatus or track and field event at will. On mobile devices, NBC also has plans for two different apps on phones and tablets, with one that brings live video streams and another with highlight clips. It didn't specify what platforms they would be available for, but we'd assume the usual suspects (iOS, Android) will be first up. On pay-TV cable, satellite and telco providers it's also providing dedicated channels for basketball and soccer, although it's up to your provider to pick them up. The same goes for the 242 planned hours of 3D coverage it's producing in partnership with Panasonic, which will unfortunately air on 24 hour tape delay, just like the HD broadcast was back in 2004 (we've got chips.... and salsa!). For the full breakdown of all 5,535 hours of coverage across NBC, MSNBC, CNBC, Bravo, Telemundo and everything else check out the press release after the break, plus an Olympics preview trailer. While there are some limits for cord cutters, sports fans with pay-TV should be ready to experience the best Olympics coverage ever with the ability to watch what we want, instead just what's on the TV schedule.
Lenovo beats PC market with 46 percent profit surge
Yep, it's party-time in Beijing once again. While the PC industry as a whole reportedly grew by a tight handful of percentage points over the past year, Lenovo has somehow managed to continue its long-running growth spurt, with shipments up 44 percent and operating profits up 46 percent. Sales of both laptop and desktop (including IdeaCentre all-in-ones) grew roughly equally, helped along by blossoming demand in emerging markets, while fledgling smartphones and tablets also proved popular in Lenovo's homeland. The manufacturer reckons it's now second in command of the market behind HP, although it conveniently disregards Apple's iPad from its ranking.
Toshiba made $898.8 million profit, could manage to lend you twenty bucks
Toshiba isn't going with the flow this financial season, bucking the trend and posting a healthy (albeit reduced) net profit of 73.7 billion yen ($898.8 million). Whilst down from $1.7 billion in 2010, the company points to the European debt crisis, Japanese Earthquake and high oil prices as the barriers to further success. Unlike its local rivals, Tosh branched out early into "social infrastructure," building everything from radiation detectors, power plants and LED light bulbs -- businesses that made a stack of cash while its computer and TV businesses slumped. Unencumbered by these crises in the future, the company is projecting to make $1.68 billion across the next 12 months -- at which point it might treat itself to a spa day, or something.
Visualized: Apple and Samsung occupy the 99 percent... of phone profits
Financial maven and maker of beautiful graphs Horace Dediu has found that between the top eight mobile phone vendors, Apple and Samsung share 99 percent of the total spoils. Of RIM, LG, Sony (Ericsson), Motorola, Nokia and HTC, only the latter made a profit -- claiming that left over one percent. The remaining six all recorded losses for the quarter, Mr. Deidu adding that several of those companies are carrying feature phone businesses that they should shed before they become an albatross around their neck.
Motorola Mobility loses $86 million in Q1, device shipments way down
Well, the first quarter of 2012 is officially over Motorola Mobility, and the financial news is rather sobering for the company. While revenues were up, the climb was modest, to just $3.1 billion. And that small bump in incoming cash was not enough to stave off another quarter of loses. In fact, after losing $80 million in Q4 of 2011, Moto lost $86 million in Q1 of 2012. The company continued to bleed cash in large part because shipments of mobile devices dropped off dramatically. Only 8.9 million devices were shipped in the quarter, down from 10.5 million in the last part of 2011. With 5.1 million of those being smartphones however, the phone division did manage to increase revenues by three percent. The one bright spot was the home segment which, thanks to its home gateways and broadcast goods, managed to make (that's right, not lose) $68 million, up from $53 million a year ago. For more numbers and charts check out the source link.
IDC crowns Samsung the biggest phone maker by shipments for Q1 2012
Research firm IDC is reporting that Nokia has been dethroned as the world's biggest phone maker by Samsung. In the first quarter of the year, Samsung shipped 98.3 million mobile phones, with Nokia and Apple in second and third place. In the smartphone-only charts, the Korean company shipped 42.2 million of its Android and Windows Phone handsets, while Cupertino shipped 35.1 million and Nokia shipped a paltry-by-comparison 11.9 million. Samsung, Apple and companies outside the top 5 all made big gains in the smartphone space, while Nokia, RIM and HTC all felt their numbers drop. Unsurprisingly, companies with big stakes in dumb phones suffered, with Nokia and LG losing big chunks of their market share to the big two and stalking horse ZTE, which has bested LG for fourth place. After the break, we've got the official tallies that you can pore over.
Dealers wanting to sell Ford's first all-electric car must Focus on the environment
You can't just sell the new 2012 Ford Focus Electric, you've got to embrace what it stands for, or at least that's what Dearborn is telling its dealers. Per the company HQ, outfits hoping to offer the electric hatchback on their lots later this year must send sales staff through a special electric vehicle training program. What's more, all dealerships carrying the electric Focus must install a minimum of two EV charging stations on their premises and enroll in Ford's Go Green program. Go Green, which has been optional up to this point, looks to improve the sustainability and efficiency of shops, regardless of age. So far, 76 dealerships in California, New Jersey and New York (the initial launch markets) have stepped up to the plate and will be selling the EV. Ford's hoping to capture the hearts and minds of those with electric personalities who haven't already settled for on the competition from Nissan.
Amazon's Q1 2012 earnings: net income down 35 percent to $130 million, net sales at $13.18 billion
It's no Apple-sized quarter, but you'd need to be on HGTV's Million Dollar Rooms a handful of times over to scoff at Amazon's Q1 2012 earnings. After reporting $177 million in net earnings last quarter (on $17.43 billion in revenue), the online sales behemoth has today registered $13.18 billion in net sales -- proudly reporting that said tally was up from the $9.86 billion in its Q1 a year ago. Excluding the $56 million unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales would have grown 34 percent compared with first quarter 2011. As for operating income? That checked in at $192 million (compared to $322 million Q1 2011), with the outfit noting that the "unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter on operating income was $4 million." Net income also sank 35 percent from $201 million a year ago, but it still left Amazon with $130 million more in the bank than it had just three months ago. It's important to note that the outfit didn't have "the holidays" here to help out, but it's still a bit worrisome to investors when profit margin shrinks. Focusing on more positive things, CEO Jeff Bezos noted that Amazon has "over 130,000 new, in-copyright books that are exclusive to the Kindle Store," again reminding the world that Amazon Prime members can "borrow them for free with no due dates." We're also told that the Kindle Fire remains the top, most gifted and most wished for product across its entire store, while pointing out that the North American sales segment was up 36 percent from Q1 2011 (reaching $7.43 billion). Our overseas comrades -- specifically, Amazon's UK, German, Japanese, French, Chinese, Italian and Spanish sites -- accounted for $5.76 billion in sales, up 31 percent year-over-year. Worldwide media sales saw a 19 percent uptick to $4.71 billion, while global electronics and "other merchandise" saw sales grow a whopping 43 percent to $7.97 billion. Notably, the company continually banged on unfavorable exchange rates, so if you're looking for a place to heap blame... well, there you go.
MetroPCS announces Q1 2012 results: total revenues up, new subscriber growth shrinks
Regional network MetroPCS has announced total revenues of approximately $1.3 billion for Q1 2012, up from $1.2 billion in the last quarter and up seven percent from the same period in 2011. Users on contract now total 9.5 million, with 16 percent of them making the move across to a smartphone. Net income has, however, dropped 63 percent since Q1 2011, with cost per user up 16 percent compared the same period last year. MetroPCS puts down to "retention expense" and the roll-out of its 4G network. The fifth biggest US carrier added over 131,000 new subscribers, but growth continues to slide -- it's down from 190,000 in Q4 2012. On the positive side, users are creeping onto the carrier's 4G network, with 580,000 LTE subscribers nowmaking up six percent of its total subscription base -- regardless of those creeping costs for unlimited data.
Apple Q2 2012 earnings: $39.2 billion in revenue, net profit of $11.6 billion
Tim Cook: Apple focusing more on iPad for enterprise Tim Cook hates litigation, not quite ready to call a patent truce 365 million iOS devices 'in play,' iPad taking off in education and government markets How do you follow up a stunning Q1 where you set record quarterly earnings and issue a sizable dividend to investors? Well, if you're Apple, you just keep on keepin' on, shattering even the wildest expectations with "a record March quarter." Leading up to today's earnings, the outfit's stock was down around two percent, mostly on reports that iPhone activations were something other than mind-blowing. That said, shares have already started to creep back into positive territory in after-hours trading. Wall Street was hoping for around $36.88 billion in revenue (despite lower guidance from Apple itself), with upwards of 30 million iPhones sold and 12 million iPads sold -- galling numbers, no matter how you slice it. The actuals? Well, we're seeing $12.30 earnings per share, compared to an estimated $10.04 earnings per share. It all adds up to $39.2 billion in revenue and $11.6 billion in pure, unadulterated profit with 35.1 million iPhone units sold alongside 11.8 million iPads. (Of note, the new iPad was only on sale for around a fortnight in this quarter, making that figure even more impressive.) The former represents an 88 percent unit growth over the year-ago quarter, while the latter shows a 151 percent unit increase over the year-ago quarter. Though Mac sales weren't equally astonishing, the four million units sold in the past three months indicates a seven percent uptick compared to Q2 2011. The iPod department, which has been sinking in recent years as iPads and iPhones become the primary music players of consumers, still saw 7.7 million units sold, representing a 15 percent decline from the same quarter last year. Just to put things in perspective, Apple nearly doubled its profits in Q2 2012 compared to Q2 2011, and practically quadrupled it compared to Q2 2010.Just to put things in perspective, Apple nearly doubled its profits in Q2 2012 compared to Q2 2011, and practically quadrupled it compared to Q2 2010. As for CEO Tim Cook's reaction? Aside from grinning from ear-to-ear looking at his growing stash of loot, he stated: "We're thrilled with sales of over 35 million iPhones and almost 12 million iPads in the March quarter. The new iPad is off to a great start, and across the year you're going to see a lot more of the kind of innovation that only Apple can deliver." Keep on telling us that, Tim, and we'll keep waiting. The conference call kicks off at 5PM ET, and we'll be liveblogging it just after the break!
AT&T reports Q1 earnings: $31.8 billion in revenue, 5.5 million smartphones sold
Sure, there was no new iPhone to boost its smartphone sales this quarter, but the carrier still managed to push 5.5 million of the devices out the door, while activating 4.3 million Apple-branded handsets. The company beat analyst predictions by raking in $31.8 billion in revenue and pocketing $3.6 billion of that as income, up from $3.4 billion over the same time period last year. Things are looking good for the company as both U-Verse and its wireless business grew revenues dramatically -- by 38.2 percent and 19.9 percent, respectively. Growth on the cellular side is in large part thanks to the 726,000 net subscriber adds. Of particular interest is the growth in so-called "branded-computing" subscriptions, which includes tethering plans and tablets. There, AT&T has seen a growth of 70 percent over last year, reaching 5.8 million customers (including 460,000 added last quarter). For more financial fun check out the PR after the break.
ARM reports revenues up 13 percent, bicep-curling profits up 22 percent
UK-based chip designer ARM just announced another booming quarter, with revenue up by 13 percent to $209.4 million. Pre-tax profits were even stronger, growing 22 percent year-over-year to $100 million. Not a bad profit margin by anyone's standards, and due to entirely to the Cambridge outfit's business model, which has seen 22 new processor licenses signed this quarter. That includes everything from the smallest Cortex-M class chips for use in the "Internet of Things" right through to the mini-monster Cortex-A15. There were also two new signings for the Mali graphics core, which is still proving its worth in some of the latest Samsung Galaxy devices. Overall, the number of chips that went into mobile phones and mobile computers remained steady, but the shipment of chips for other types of consumer and embedded devices grew by 15 percent year-on-year, proving that ARM not only has muscle, but also fingers in pies.
Facebook updates S-1, adds Q1 earnings, revenue up 45% over last year
Facebook just filed an amended S-1 (that all important document that officially announces its public offering plans) with some new financial info. Now included in the charts and graphs is everything you wanted to know about Q1 of 2012 at Facebook (but were afraid to ask). The new SEC filing reveals that revenues are way up at the social network over last year (a whopping 45 percent higher than Q1 of 2011), but down slightly from last quarter (six percent), settling at a more than respectable $1.058 billion. Of the cash it took in, $872 million of it was ad revenue, which is down from Q4 of 2011 ($943 million) but up significantly from Q1 of last year ($731 million). Facebook was even able to slap a per-user amount on its 900 million active monthly members -- $1.21 -- that's the average revenue for each person with an account at the site. Of course, membership has continued to grow, with 532 million stopping by daily, up from 372 million just a year ago. As for that Instagram purchase, it looks like the widely reported $1 billion figure wasn't entirely accurate -- at least not when talking cold, hard cash. Only $300 million was turned over in immediately spendable currency, the rest of the deal involved 23 million shares of common stock. If you're a sucker for financials hit up the source link.
AMD reports net loss of $590 million for Q1 2012, calls that 'solid results'
We're not sure about you, but we wouldn't call losing over half a billion dollars "solid results." Still, we're not 100 percent ready to rain on AMD's parade yet. The non-GAAP results (which disregard a pile of one-time charges and investments) turn the $590 million loss into a $92 million profit. Still, the GAAP results do make two straight quarters of losses and revenue clearly continued to decline, falling to $1.59 billion. That's down six percent from last quarter and two percent from the same time period last year. Revenue from the graphics division held steady from last quarter, though, it's down seven percent year-over-year. For more financial fun hit up the PR after the break.
Microsoft announces Q3 2012 earnings: $17.41 billion in revenue, $6.37 billion income
Microsoft has announced its earnings for the third quarter of its fiscal year this afternoon, and it's reporting some record numbers that beat expectations: a six percent increase year-over-year to $17.41 billion in revenue and a 12 percent increase to $6.37 billion in operating income. Breaking things down by division, that includes $4.57 billion in revenue from Server & Tools, $5.81 billion from the Business Division (which includes Office), $4.62 billion from Windows and Windows Live, and $707 million from Online Services -- all increases from between four to 14 percent. The one division seeing a big drop is Entertainment & Devices, which dipped a hefty 16 percent year-over-year to $1.62 billion in revenue -- something Microsoft blames on a "soft gaming console market," though it is happy to note that the Xbox 360 remains the top console in the US for the 15th consecutive month. Notably absent is any mention of Windows Phone, though perhaps we'll hear more about it on the company's earnings call in just under an hour. Update: Microsoft didn't exactly have a ton of new info to share on the Windows Phone front on its earnings call, noting only that it remains pleased with its Nokia partnership and the launch of the Lumia 900 on AT&T, and that it is "working to bring Windows Phone to more people."
Nokia's Q1 2012 financials: $9 billion in sales can't stop a $1.7 billion loss
Nokia's released the bundle of spreadsheets that comprise its 2012 Q1 financials, just a week after it acknowledged that it would make a loss, despite bullish sales of the new Lumia 900. The numbers reveal that the company had net sales of €7.4 billion ($9.7 billion), down from €10.4 billion ($13.6 billion) at the start of last year. Net sales are down 30 percent year-on-year, which means the company's posting a loss of €1.3 billion ($1.7 billion) for the first three months of 2012. That loss is broken down as €772 million to restructure Nokia Siemens Networks, €101 million to restructure the Devices & Services and Location & Commerce departments, principally in shedding employees and relocating its factories to Asia. It had forecasted an operating margin of three percent below "break even," and says it's likely to remain that way well into the second quarter. Stephen Elop pointed out that much of the loss is due to both increased competition and the costs of restructuring, but also seemed to tacitly confirm rumors we'd heard that UK carriers have been resistant to Nokia's new direction, saying that establishing momentum in the country has been "challenging." However, it's still promising to arrest the slump and in a statement to Moody's on Monday, the company pledged that it was prioritizing "cash conservation" exercises, although its liquid cash reserves have fallen 24% in a year, meaning that the company's only got €4.8 billion ($6.3 billion) put aside for a rainy day.
