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Huawei reports increased sales despite US sanctions
Huawei's latest quarterly results show that the Chinese company is doing just fine, despite ongoing trade issues with America. Third-quarter revenue is up 24.4 percent on the same period last year, while the company says it has shipped more than 185 million smartphones in the first three quarters of 2019, up 26 percent year-on-year.
GameStop to close up to 200 stores
Just two months after GameStop announced ambitious plans to breathe new life into its stores, the company has announced that between 180 and 200 stores around the world will be closing their doors for good before the year is out -- and more closures are coming.
Sprint iPhone sales hold steady, AT&T and Verizon decline
Sprint has announced that it sold 1.5 million iPhones in the last quarter. That means the company is holding fairly steady for iPhone sales, having sold about the same number in the previous quarter. 40 percent of last quarter's sales were to new Sprint subscribers, so the iPhone is bringing in new money to the company. Verizon and AT&T weren't quite so lucky -- Verizon saw sales of its iPhone drop from 3.2 million to 2.7 million, and AT&T saw a drop from 5.5 million to 3.7 million. When you consider those numbers, Sprint is doing quite well indeed. But there are probably a few different reasons for those drops, none of which seem very threatening for any of these companies. Yes, Android is growing in popularity all the time, and yes, more and more carriers are picking up iPhone contracts, which means there are more pieces of the pie to go around. And the biggest cloud over all of these figures is of course the possible new iPhone coming later on this year. If Apple does debut a new device along with iOS 6, these numbers may jump right back up the charts.
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.
MetroPCS Q4 results are in: increased revenue, slowing growth
The nation's fifth largest wireless provider -- MetroPCS -- has checked in with its Q4 2011 financials, and on the whole, the company looks to be doing quite well. Metro reported $1.2 billion in consolidated quarterly revenues and $362 million in earnings, an increase of 16% and 15% when compared to the fourth quarter of 2010. A few other positive vitals: average revenue per user (ARPU) was up $0.76, net income rose to $77 million and churn dropped 80 basis points from 4.5% in Q3 to 3.7% in Q4. Two small blemishes can be found in the net customer additions and cost per user (CPU) columns. While MetroPCS added well over 197,000 new customers in Q4, the rate at which it grew slowed dramatically -- down 34% when compared to the fourth quarter of 2010. The company's CPU also rose $1.17 during that same period -- which can be partially attributed to LTE network services, along with general expansion and operating costs. One other mildly unfortunate note was word that voice over LTE wouldn't be launching till the second half of the year, slightly later than we had been anticipating. Taking all that into consideration, it was still a strong quarterly showing from the value-centered wireless carrier.
Acer Financials: meager 2011 Q4 profit, massive annual loss
Acer was hoping for the gloom to lift after two bad quarters, but it can hardly call its latest financials stellar. It scraped a slender $2.4 million profit in the quarter, which wasn't enough to prevent the company posting an overall annual loss of $212 million. It blamed one off charges and operational and strategic adjustments (though no mention of the impending war with Lenovo over Gianfranco Lanci) for the bad year. The terse release (after the break) claims the business is becoming "more healthy and stable," which is a good way to paint a quarter-on-quarter drop of 98.4 percent turnover.
Panasonic 2012 Q3: $9 billion loss, Sanyo writedowns, restructuring
Panasonic's released its 2012 quarterly report (its financial year runs from summer to summer) and concedes it's been as bad for them as it was for Sony and Sharp. It's blaming the Japanese Earthquake for damaging its supply chain, a strong yen for keeping prices high, plus having to write-down the costs for its acquisition of Sanyo. The company's promising to restructure (in the face of stern competition from Samsung and LG) to become a "green innovation" business as well as to streamline its operating costs. It's predicting a quarterly loss of $9.2 billion as it takes the hit for this turmoil, and it doesn't look like things will improve with an anticipated further loss of another $2 billion at the end of the (financial) year.
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.
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.
RIM's Q2 earnings report: $329 million in net income, not enough to fend off critics
The first quarterly earnings report post-Wake Up Call have just been published for Canada's own Research in Motion, and while the cash is still flowing, investors and analysts alike aren't feeling too rosy about the future. Despite Q2 revenue of $4.2 billion and a GAAP net income of $329 million, RIM's stock plummeted nine percent following the news. Why? That reality was at the lowest end of estimates, and as we've seen, it takes a blowout quarter to please the folks on Wall Street. Nevertheless, the company's touting a subscriber base that ballooned 40 percent year-over-year (surpassing 70m total), and while it's quick to trumpet the rollout of seven new smartphones, not a one of them managed to astound the QNX-desiring critics. The report also notes that 10.6 million handsets were moved in the quarter, around $780 million was invested as "part of a consortium of companies that successfully bid to acquire intellectual property assets from Nortel," and it's forecasting that BlackBerry smartphone shipments in Q3 will grow between 27 percent and 37 percent compared to Q2. Sadly, the company only "shipped" 200,000 PlayBook tablets, with the prevailing thought being that it actually sold far fewer. Moreover, nary a forecast was given for future PlayBook sales.As for thoughts from the head honcho(s)? Jim Balsillie, Co-CEO, stated that "overall unit shipments in the quarter were slightly below our forecast due to lower than expected demand for older models," further noting that his firm will "continue to build on the success of the BlackBerry 7 launch to drive the business as we focus our development efforts on delivering the next generation, QNX-based mobile platform next year." Next year is a long, long way away, though, and there's no doubt whatsoever what kind of competition will be in place by the time 2012 rolls around. We'll be hopping on the analyst call here in a few, and you can look beyond the break for any notable mentions.
Nokia still ahead of Apple in smartphone sales, according to Gartner
Whoa there, Apple, we know you're starting to feel pretty darn good about besting Nokia and Samsung for the title of world's largest smartphone manufacturer, but hold on for just one minute. Gartner has a different idea of how the numbers game really works, and its interpretation makes all the difference in determining who earns the title. Rather than measuring the number of units each manufacturer ships out to the distributors (as IDC, ABI Research and Strategy Analytics do), Gartner gauges its numbers by how many devices were actually sold to end users instead. Thus, Nokia still keeps its title -- for one more quarter, anyways. The firm is confident Espoo won't be the top smartphone contender for much longer, thanks to the company's grim Q3 outlook as it continues to await the transition to Windows Phone. But hey, there's always Q4, right? Right? Check out the full press release after the break.
US Cellular Q2 results bring higher revenue, despite small customer loss
With the upcoming introduction of its LTE network and vast fall smartphone lineup, US Cellular's a regional carrier with a lot to look forward to. But its efforts over the second quarter, paired with the hopes of a bright future ahead, weren't enough to keep a few thousand customers from parting ways. While most of the reported figures were quite pleasant year-over-year -- service revenues bumped up three percent to $1 billion, percentage of smartphones sold skyrocketed to nearly 40 percent, ARPU increased to $51.84, and total operating income shot up a whole 61 percent -- the company also experienced a loss of 58,000 customers over the course of three months. The carrier doesn't seem too worried about this particular figure, however, as it stated its excitement about the launch of its 4G service later this year. Will the bleak and cold winter become warm and toasty because of a blazing-hot network? We're eager to find out. Hit the source link for the full quarterly earnings.
Apple now the world's largest smartphone manufacturer, Samsung checks in at number two
We make our own truth. That's how IDC can come up with roughly the same numbers as fellow research firm Canalys and crown Apple the king, when its rival called Android top dog -- it's all about how you slice it. See, where as Canalys bundled all Android handset makers together, IDC has broken them up, which leads to a rather interesting twist -- the largest smartphone maker in the world is now Apple. Cupertino's growth of 141.7-percent in shipments year over year was enough to push it past Nokia (which slipped to number three) and Samsung (which climbed two spots to take the silver medal), while RIM and HTC rounded out the top five. That being said, no one is running away with the lead here, and Sammy's continued stratospheric rise should keep Apple on guard. Check out the full report after the break.
Motorola Mobility reports $56 million net loss in Q2, $3.3 billion in revenue, Bionic debut in September
Back in the last quarter of 2010, Motorola Mobility predicted a rocky road for future business, and its Q2 earnings seem to be right on track. The company reported total net revenues of $3.3 billion in the second quarter, up 28 percent year-over-year, but saw a net loss of $56 million, compared to earnings of $80 million in the second quarter of 2010. Mobile Devices saw an operating loss of $85 million, compared to the previous year's earnings of $87 million. Moto's not all doom and gloom however, as it predicts profitability in mobile devices by Q4. In terms of sales, the company reportedly shipped 11 million mobile devices, including 4.4 million smartphones and 440,000 Xoom tablets. Here's hoping Motorola's powers of prediction remain strong.Full PR after the break. We'd heard that the Droid Bionic was "coming soon," but up until today, we still didn't have a firm date for the LTE Android phone. Well, the cat is sort of out of the bag, as Mobility CEO Sanjay Jha has just announced that the long-awaited handset will hit stores in September. When in September is still anyone's guess, but we'll keep you posted as we learn more.
IDC: smartphone market grows 80 percent year-on-year, Samsung shipments rise 350 percent
Smartphones are getting kind of popular nowadays, in case you hadn't noticed. The latest figures from IDC show a 79.7 percent expansion of the global smartphone market between this time last year and today, which has resulted in 99.6 million such devices being shipped in Q1 of 2011. That growth has mostly been driven by Samsung, which has more than quadrupled its output to 10.8 million shipments in the quarter, and HTC, whose growth has been almost as impressive. The other big gainer is Apple, with 10 million more iPhones shipped, but the truth is that all the top five vendors are showing double-digit growth. In spite of Nokia losing a big chunk of market share and RIM being demoted from second to third in the ranking, both of those old guard manufacturers improved on their quarterly totals. IDC puts this strength in demand down to the relatively unsaturated smartphone marketplace, and believes there's "ample room for several suppliers to comfortably co-exist," before ominously adding, "at least for the short term." And after the short term, our break-dancing robot overlords take over. Update: IDC has also released data for Western Europe that shows Nokia has lost the top spot both in terms of smartphones, to Apple, and in terms of overall mobile phone shipments, to Samsung.
The Daily generated 800,000 downloads, $10 million loss in first quarter of operation
It's still too early to pass judgment on News Corp's daring venture into tablet-only newspapers, The Daily, but at least we now have an idea of how much it costs to get a project like this off the ground. Having spent $30 million developing the concept before launch, the company's latest quarterly reports indicate another $10 million loss was incurred on the early operations of The Daily. That's resulted in 800,000 total downloads of the iPad-only app, though a breakdown of how many of those were just trying out the free trial and how many have stuck around for the paid version hasn't been forthcoming. News Corp stresses that The Daily is still a work in progress, one that we've heard may also be making its way onto Android tablets, and looks very much committed to seeing its plan through to the end. So if this digital-only, subscription-paid news idea fails, it won't be for lack of trying.
NPD credits Verizon iPhone with stemming the Android tide in Q1 smartphone sales
As much as we were hoping to get some definitive statements from AT&T and Verizon's Q1 2011 financials about the Verizon iPhone's impact on the smartphone market, none were really forthcoming. It's left to analyst outfits like the NPD, therefore, to try and parse the data for us and read between the official lines. The latest numbers from the NPD Group's Mobile Phone Tracker indicate that Apple's share of US smartphones sales jumped from 19 percent in Q4 2010 to 28 percent in the first quarter of this year, which helped stymie Android's prodigious expansion. The Google OS went from being on 53 percent of all smartphones sold to a flat 50 percent in the quarter. Also intriguing about the period is that, for the first time, smartphones accounted for more than half of all mobile phones sold in the US, at 54 percent. The top five best-selling cellphones also happened to be smartphones, with Apple and HTC providing two each; the iPhone 4, iPhone 3GS, Droid X, EVO 4G, and the Droid Incredible took home the NPD commendations. [Thanks, Matt] Disclaimer: NPD's Ross Rubin is a contributor to Engadget.
AMD collects half a billion in Q1 profit, Fusion APUs now account for half of its laptop shipments
AMD's net income for the past quarter was $510 million, generated from $1.61 billion in total revenues. That should make happy reading for a company that's been raising similar gross revenues previously but finding itself losing cash -- though the more intriguing figures are a little deeper in its latest disclosure. CFO and interim CEO Thomas Seifert has noted that AMD "tripled" its Fusion APU shipments relative to last quarter -- meaning that at least 3.9 million units have made their way out to OEM partners in Q1 -- which now account for "roughly half" of the company's notebook shipments. In less upbeat news, average selling prices in both the microprocessor and graphics divisions were down sequentially, with AMD having to react to pressure from its traditional foes Intel and NVIDIA. You might surmise that with the mainstream Llano APU out and shipping to computer makers, AMD might have a happier second quarter, but the company's guidance is for revenues to be flat or slightly down. A final note of pride is reserved for the Radeon HD 6490M and HD 6750M GPUs, which figured prominently in Apple's latest MacBook Pro refresh and mark a bit of a coup for AMD, who's now responsible for all of Apple's discrete graphics across the MacBook Pro and iMac computing lines. Click the links below for even more intel on Advanced Micro Devices.
Nokia's Q1 2011: smartphone share down to 26 percent, 'more challenging' times ahead
Nokia has just published its first quarterly results in the era of its Microsoft partnership and things aren't looking too bright. Smartphone market share, which had been at 41 percent this time last year and 31 percent in January, has now dipped to 26 percent, while operating profits have taken a 17 percent tumble relative to last year. The company managed to ship one percent more phones in Q1 2011 than in Q1 2010, but its 108.5 million units was an 18 percent drop from last quarter's totals. CEO Stephen Elop describes the first quarter as solid, but warns that the second will be "more challenging." The impact of Japan's disaster earlier in the year will be felt more strongly in Q2, we're warned, with respect to component supply and logistics, while new products won't figure too strongly as Nokia intends to "start shipping the majority of our new products in the second half of the year." Elop is, however, encouraged by the "roadmap of mobile phones and Symbian smartphones" that Nokia has in store for 2011, which sounds good on the surface, but we'd be more comforted if he'd have inserted the words "Windows Phone" or "MeeGo" in that sentence too. Hit the links below to see the full financial details.
Qualcomm reports record quarterly revenues, boasts 100th Snapdragon device
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.
