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ARM boosts profits by 45 percent, strengthens grip on the universe
The British chip designer continued last year's growth streak with a 45 percent surge in quarterly normalized pre-tax profits compared to Q4 2010. Revenues also rose by 21 percent to £137.8 million ($217 million) -- not bad for a company that started out with twelve engineers in a barn. There's nothing complicated about CEO Warren East's explanation of the results -- he simply says that his company sold more designs to "more new customers" and also raked in more royalties from existing deals. Unless the global economies suffers badly in 2012, ARM says it expects to meet market expectations, targeting an annual profit of $860 million this year.
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.
Apple to announce Q1 2012 earnings on January 24
It's that time of the year again, folks. People are busy making resolutions and companies are busy preparing earnings statements. Apple updated its investor relations website and confirmed it will hold its Q1 2012 earnings conference call on Tuesday, January 24, 2012 at 2:00 pm PT. The press release with all the details will hit the wire shortly before the call starts. Expect Apple to announce a record quarter. Apple was one of the most visited online retailers during the holiday shopping season, which should help boost Mac and iPad sales. iPhone sales are also expected to increase now that the iPhone 4S is rolling out worldwide. Last quarter, iPhone sales slipped, an unusual hiccup which CEO Tim Cook blamed on rumor-mongering. You can listen to the conference call online and visit TUAW for all the analysis of Apple's holiday quarter.
RIM reports Q3 2011 earnings: $5.2b revenue, $265m net income and 14.1 million handsets shipped
News out of Waterloo isn't all bad today, as Research in Motion has revealed its financial results for the third quarter of 2011. While the company previously had to scale back its earlier earnings projections of $5.6 billion in the quarter, it's apparent the firm came close to meeting that mark. After close of the markets today, RIM reported $5.2 billion in revenue with $265 million in net income and 14.1 million handsets shipped. The company was only able to eke out 150,000 PlayBook tablets during this time frame, however, which no doubt contributed to these reduced numbers. Unfortunately, the market hasn't taken so kindly to the revelation, as RIM's stock has fallen seven-percent in after hours trading. In a small bit of positive news, the firm reports that its subscriber count is up 35-percent year-over-year, which now totals 75 million subscribers. Looking forward, the company expects to bring in between $4.6 and $4.9 billion in revenue for the next quarter, where it hopes to ship between 11 and 12 million units. Co-CEO Jim Balsillie referred to the last few quarters as among the most trying in the company's history, and promised to re-evaluate RIM's product portfolio, R&D strategy and to "leave no stone unturned" as it seeks to regain prominence in the smartphone world. Meanwhile, co-CEO Mike Lazaridis reaffirmed the commitment to the PlayBook OS 2.0, which remains on track for a February launch. As for the QNX-based BlackBerry 10 smartphones that we've been looking forward to, Lazaridis said to not expect anything until late 2012. Apparently, its availability will be hampered by a critical chipset supply that's not expected to become available until mid-next year. In other words, unless consumers develop a love for BlackBerry 7 OS real quick, 2012 may sadly be another ugly year for the folks in Waterloo.
Sprint announces Q3 earnings: net subs reach five year high, net losses at $300 million
Sprint has just unveiled its Q3 earnings report, and it's looking pretty bittersweet. According to the company, net operating revenues reached $8.3 billion during the quarter (about two percent higher than Q3 2010), while additions of new wireless net subscribers reached a five year high, with 1.3 million customers hopping onboard. Of those 1.3 million, 304,000 were of the postpaid variety, 485,000 were prepaid and about 835,000 were wholesale. Sprint lost about 44,000 net postpaid customers this quarter, but that's a major improvement over last quarter, when a little over 100,000 jumped ship, and marks a 59 percent improvement over last year's report. At the same time, however, the carrier reported net losses of $301 million -- lower than Q2's figures, but not exactly encouraging, either. As far as the future goes, the folks at Overland Park expect to end the year with even more new subscribers, though it remains to be seen whether that long-awaited LTE rollout can make much of a dent in its bottom line. Check out the press release in full, after the break. Update: Listening in on the earnings call it's clear Sprint is really counting on the iPhone to help it run with the big dogs. According to some convoluted metaphor, the carrier is the Oakland A's in Moneyball and Apple's handset is A-Rod (who never spent a day with the Athletics... but we digress). Still, Sprint expects more loyalty and bigger profits from customers who choose the iPhone -- at least for the next four years, after which it'll have to negotiate a new deal with the Cupertino crew. Update 2: Sprint also clarified that, in addition to its deal with LightSquared, it will be working with Clearwire to deliver LTE network coverage. The carrier has reached a preliminary agreement with its WiMAX partner, but expects to announce a wholesale deal soon. Update 3: We already knew that the iPhone 4S launch was the company's best launch ever for a family, but now the company's confirming that it was its best launch ever for any device.
Amazon focusing on 'lifetime' Kindle revenue, anticipating record device sales for Q4
Today's Amazon earnings were decidedly split -- the company revealed both a 44-percent increase in net sales and a 73-percent decrease in net income. So, why the discrepancy? It may at least partially be due to the much discussed suggestion that the company actually loses money for each Kindle sold -- a trend which, if true, has likely only been compounded by the release of the uber-cheap ad-supported version of the device. The company addressed the matter in part, suggesting that it is focused on "the lifetime value [of the Kindle], not just the economics of the devices and accessories." The total economic picture of the Kindle includes the device itself, accessories, downloaded content and ad-revenue. Things are apparently looking up for the company, as well, with Amazon anticipating "a record quarter in terms of device sales" for Q4. The positivity is a reflection, in part, of greater than anticipated Kindle pre-orders. Says CEO Jeff Bezos, "In the three weeks since launch, orders for electronic ink Kindles are double the previous launch. And based on what we're seeing with Kindle Fire pre-orders, we're increasing capacity and building millions more than we'd already planned."
Amazon net sales up, net income down for Q3 2011
Amazon pulled back the financial curtain for Q3 2011, revealing $10.88 billion in net sales for the quarter, a 44 percent jump over this time last year. Net income, on the other hand, decreased 73 percent year over year, down to $63 million. The quarter also saw the company's "biggest order day ever for Kindle," according to CEO Jeff Bezos -- September 28th, the introduction of three new reader devices from the company. The company's Q4 report will likely be affected by the coming launch of the Kindle Touch and the long-awaited Fire tablet.
Nokia Q3 2011 earnings: operating profit sinks 60 percent, but sales beat estimates
Man, can Nokia World get here any faster? Nokia needs Windows Phone in perhaps the worst possible way, and if you had any doubt whatsoever on that, just take a look at the outfit's woeful Q3 2011 earnings. Right off the top, net sales dropped 13 percent year-over-year (and three percent from Q2), while operating profit plummeted a staggering 60 percent year-over-year (and 36 percent since the prior quarter). All told, the company recorded net sales of €9 billion ($12.35 billion), and while things are gloomy in comparison to the glory days, it still has a whopping €5.1 billion ($7 billion) in its coffers. And the good news doesn't end there. The company's shares actually surged on word that the losses weren't as bad as anticipated, and that overall sales beat estimates. Only in a stock market can the loss of €68 million ($93 million) be "positive," but hey -- we're sure Nokia will take all the silver linings it can find. Of course, things should be on the up-and-up after a spate of WP7-based Nokia devices are revealed later this month in London, but it still remains to be seen how soon the company can ship, and if it can penetrate a smartphone market that's gaining iOS and Android loyalists by the truckload each day. Hit the links below for more percentages than the average simpleton can shake a stick at.
Intel earnings beat company records: $14.3 billion revenue, $3.7 billion net income
Apple may not have fared as well as expected in its own Q4, but just up the road in Silicon Valley Intel managed to exceed analyst predictions, posting record revenue of $14.3 billion -- up $3.2 billion, or 29 percent year-over-year. The company also set new records for microprocessor units shipped, and expects further growth over the next quarter, with notebook computer sales driving $14.7 billion in predicted Q4 revenue. Jump past the break for an in-depth look at the company's Q3, along with its outlook for the next quarter.
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.
Dell's Q2 earnings fall short of estimates: $890 million net income, $15.66 billion revenue
Shares of Dell were down nearly eight percent in after-hours trading after the Texas-based PC maker posted lower-than-expected second-quarter results. Still, the company's revenue was up one percent over last year, totaling $15.66 billion, compared to $15.5 billion in Q2 2010. Net income jumped 63 percent, from $545 million to $890 million, over the year-ago quarter. Corporate and government orders were responsible for the jump in income, according to an AP report, but new sales predictions hint that orders may not be coming in as often as anticipated. Dell expects modest growth of one to five percent for the full year -- citing "a more uncertain demand environment" -- compared to previous estimates of five to nine percent growth. Jump past the break for the full rundown from Dell.
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.
T-Mobile loses 50,000 customers in Q2 2011, revenue dips slightly
T-Mobile USA issued its Q2 earnings statement today and, while the outlook isn't quite as bleak as it was during the first quarter of this year, there's still some cause for concern up in Bellevue. According to the report, the carrier lost a total of 50,000 customers last quarter, which is actually an encouraging sign, considering it dropped a whopping 99,000 during Q1, and 93,000 during the second quarter of 2010. Total revenues, however, dipped slightly to $5.1 billion from the $5.2 billion reported for the previous quarter, with service revenues holding firm at $4.6 billion -- a 1.7 percent decrease from Q2 2010. President and CEO Philipp Humm blamed the numbers on a "challenging market," but was quick to point out the brighter aspects of T-Mobile's statement, including the carrier's expanded 4G coverage, and the fact that a full 29 percent of its customers are using 3G or 4G smartphones -- an "all-time high." Skip past the break for more numbers and acronyms.
Sprint posts Q2 2011 earnings: net subs up, contract subs down, net loss of $847 million
It's another mixed bag worth of earnings for the folks in Overland Park. Sprint just announced its Q2 2011 earnings prior to the market's open today, and while it's obviously doing its darnedest to paint a rosy picture, the raw numbers show a somewhat different backdrop. Despite having its third consecutive quarter of adding more than one million total net new wireless subscribers, the vast majority of those are coming from the (admittedly less lucrative) prepaid side. In fact, the company lost 101,000 postpaid subscribers in the period, and we're guessing that the one-two punch of WiMAX hitting the expansion skids while VZW built out LTE at a breakneck pace didn't help matters. 674,000 prepaid subs were added to the mix (through Virgin Mobile, Boost Mobile, etc. arms), and despite seeing quarterly sequential and year-over-year growth in wireless service revenue, the carrier still reported a net loss of $847 million. In a way, it's the same story on a different day for The Now Network, and while the just-announced LightSquared partnership may end up bolstering things in time, it'll take something a bit more jarring to turn things around by Q3. Or Q4... right, Dan?
Sony, Sharp and Fujitsu earnings all bring bad news, only Toshiba says something nice
Plenty of Japanese earnings news today and, as with Nintendo, most of it's pretty dire. Sony's hit from the earthquake and PSN outtage has inevitably contaminated this quarter, but it's suffered from slow Bravia TV, PC and camcorder sales too. Together, these factors contributed a hefty ¥15.5 billion ($200 million) loss in the three months to the end of June, compared to a ¥25.7 billion profit for the same quarter last year. Meanwhile, Fujitsu also lost ¥20.4 billion, which it largely attributed to a 6.7 percent decline in Japanese sales following the disaster. However, sales in other countries also fell 5.3 percent, reflecting a stronger yen and general lack of consumer demand. Despite everything, Sharp managed to make an operating profit of ¥3.5 billion -- but this was down an eye-watering 84.4 percent on the same period last year. Like Sony, the company is suffering from weak demand for TVs, and says it's switching one of its main TV panel plants to make smaller panels for mobile devices instead -- including the iPhone and iPad. There was some more upbeat news from Toshiba, however, which has managed to stay in the green. It reported a slight rise in net quarterly profit to ¥470 million due to demand for its power systems and home appliances. At least that's a note worth ending on.
Intel delivers record earnings yet again in Q2 -- let the boardroom bragging begin
We know, you've heard it all before, but the chip maker's once again reporting record revenues, reaching a whopping $13.1 billion in Q2 2011. If you're keeping track, that's up $2.3 billion, or 22 percent, from Q2 2010, and bests last quarter's earnings of $12.9 billion by 2 percent. Net income was up 10 percent year-over-year, but down three percent from last quarter, ringing in at $3.2 billion. As Intel humbly points out, this is the outfit's fifth consecutive quarter of record revenue. So, perhaps a little bit of gloating is in order.
Google announces Q2 earnings: $9.02 billion in revenue, $2.51 billion in net income
It's everybody's favorite time of year. Yup, the Q2 earnings results are coming in, and Google's leading the pack, reporting $9.02 billion in gross revenue for the second quarter of 2011: a 32 percent increase over the same period in 2010. CEO Larry Page notes, that's a "record breaking over $9 billion of revenue," with net income reaching $2.51 billion, up from $1.84 billion in Q2 2010. Google's various sites apparently made up 69 percent of the $9.02 billion in revenue, generating $6.23 billion -- 2010 numbers were $4.50 billion. Operating expenses saw a notable increase over 2010, cutting into profits by $2.97 billion, up from $1.99 billion. Larry Page has just announced some Android usage numbers, pointing out that 550,000 devices, rocking the little green robot, are being activated per day. That's up from the 500,000 announced late last month. Android Market numbers are also up, with six billion total downloads.
What analysts think about Apple's iPhone sales
Apple is announcing its quarterly earnings on July 19 and analysts are prepping their sales estimates for the big day. Philip Elmer-Dewitt of Apple 2.0 compiled a handful of these projections which range from a high of 20.25 million from Nicolae Mihalache of Traderhood down to a low of 15 million from Charlie Wolf of Needham. The average estimate falls at 16.9 million units which is a 101% year-over-year increase and a slight drop from the 18.6 million sold last quarter. In four years of iPhone sales, DeWitt estimates Apple has sold over 125 million handsets.
Nearly half a million customers left T-Mobile in Q1 2011
Not even promises of a new Sidekick can keep T-Mobile from hemorrhaging customers, it seems, as the company reported significant losses in its Q1 statement for 2011. According to official Q1 financials, 471,000 contract customers either failed to re-up, or outright canceled their contracts. Stacked against a shortcoming growth of just 372,000 prepaid customers (including MVNO customers for sub-carriers), T-Mobile suffered a net loss of 99,000 users, a 29-percent increase in losses over the same period for the previous year. Ouch. The firm chalked its loss to increased "competitive pressures," which lends credence to AT&T's insistence that Sprint and Verizon are such fierce opponents that it has to acquire T-Mobile for the magenta-tinted carrier to stay in the game. You can judge the profits and pitfalls for yourself -- just hit the source link for the full financials.
Clearwire posts Q1 loss amid record subscribers, decides not to sell spectrum after all
You know you're having a wacky quarter when it involves a resigning CEO, lawsuits, and rumors that one of your wholesale partners is courting your potential replacement. But can you still come out on top? Clearwire answered this question during yesterday's Q1 2011 earnings report to investors, and the answer is just as intriguing as the quarter itself. Though it posted a substantial revenue of $242 million, the company was also inflicted with a net loss of $227 million. Don't worry, it gets crazier -- Clearwire experienced record subscriber growth, seeing an increase of 533 percent year-over-year from Q1 2010. Sounds like a contradiction, right? A few factors led to the loss, such as higher costs from network expansion and writing off the "abandonment of projects that no longer fit within management's strategic network plans." A loss is a loss, but at least the future looks brighter; Clearwire predicts it will end the year with nearly a million more subs than originally forecasted (9.5 million, up from 8.8). Saving the best news for last, CEO John Stanton announced his company is no longer feeling the pressure to sell off some of its spectrum, primarily due to its recent $1 billion deal with Sprint. The deal will add enough cash flow to sustain network operations for the next year, so Clearwire just needs to make sure it uses some of the extra cash to buy us all something pretty. The full press release can be found after the break.
