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Intel reports Q3 earnings, revenue holds steady at $13.5 billion
Hot off the heels of a slightly disappointing Q2, mega chip-maker Intel's Q3 results are in. Good old Chipzilla managed to wrangle $13.5 billion in revenues with a net profit of $3 billion. While Intel's latest figures reflect a profit of about 5.1 percent sequentially, the company is still taking a dip year over year of around 19 percent. "Our third-quarter results reflected a continuing tough economic environment," said Paul Otellini, Intel's CEO. Happy to take progress in any form during a trying economy, the company's fourth quarter strategy will highly focus on the success of ultrabooks, phones and Intel-powered tablets. While its recent gains may be somewhat slim, last we checked, a win is a win.
Sony Ericsson posts lower Q3 profits, will shift 'entire portfolio' to smartphones in 2012
It's been a rough couple of quarters for Sony Ericsson, but things are looking slightly rosier, according to its Q3 earnings report. Today, the company announced break even year-on-year results for the third quarter of 2011, blaming the outcome on lower profit margins and higher taxes, which rose from €12 million to €17 million over the course of a year. According to the report, net profits fell to zero this quarter after reaching €49 million ($67.26 million) during Q3 2010, while sales dropped to €1.59 billion ($2.18 billion) from €1.6 billion ($2.2 billion) last year. It's not exactly an encouraging trend, but it's certainly an improvement over the last quarter, when Sony Ericsson posted a net loss of €50 million. As far as its portfolio goes, the company says its Xperia smartphones now comprise 80 percent of all sales, with some 22 million handsets already shipped to consumers. President and CEO Bert Nordberg, meanwhile, confirmed that his company will focus on this market with even more intensity, next year: "We will continue to invest in the smartphone market, shifting the entire portfolio to smartphones during 2012." You can dig through the numbers for yourself, in the full PR after the break.
Google announces Q3 earnings: $9.72 billion in revenue, $2.73 billion net income, 40 million Google+ users
Google's just announced its third quarter earnings and, as expected, the company's numbers are continuing on the upswing (even beating expectations). That includes $9.72 billion in revenue, which represents a 33 percent jump compared to the third quarter of 2010, along with $2.73 billion in net income, which is up from $2.17 billion a year ago. Somewhat notably, Google also choose to lead off its press release announcing the financial results (included after the break) with the news that Google+ has just passed the 40 million user mark -- the company further notes that "people are flocking into Google+ at an incredible rate." There's not a ton of surprises to be found in the results otherwise, although Larry Page and co. sure seem to be busy hiring new folks -- they've brought on 10 percent more employees in the span of three months (for a total of 31,353 full-time employees as of September 30th). Update: During the company's earnings call, CEO Larry Page confirmed that there's now 190 million Android phones activated around the world, and 200 million users of the Chrome web browser (although it's not clear how many of those are active users). Page also took a moment to post his remarks to Google+ during the call.
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.
Palm posts net loss of $95 million for Q3, reaffirms that Pre is on schedule
Palm's third quarter earnings report for 2009 has dropped, and it's looking pretty rough for the old boys. The company posted a net loss of $95 million dollars in the quarter, and sold 482,000 units where it sold 833,000 in the same quarter last year. Palm's total earnings for the quarter fell 71 percent over last year, from $312 million to just $90.6 million. Palm stock fell a net 53 cents quarter over quarter, though it's made some recent significant gains. CEO Ed Colligan was quick to point out, however, that its much-touted and anxiously awaited Pre (with the new webOS) is on target for its release date in the "second quarter." The heat is officially on.
Liveblogging the Apple earnings call
We're on the line live for the Apple FY07 Third Quarter earnings call, starting up in just a few minutes at 5pm Eastern. Apple is expected to announce some big numbers, and we should get an idea of what they expect from the iPhone in the next quarter or so. More updates as we post them.If you want to join in, Apple's got a quicktime link, so hit it and let the big numbers hit your ears at the same time they do us.5:08pm: Welcome to the conference call. Here we go.5:10pm: Peter Oppenheimer: record-breaking max sales and continued strong demand for iPod. Net income up 73%, huge numbers overall.5:11pm: Apple's growth rate more than 2 1/2 times the predicted growth rate for the quarter. Mac notebooks up 42%. 9.8 million iPods, 31% growth over the quarter.5:12pm: 71.5% share of MP3 players are iPods. iTunes surpassed Amazon and Target.5:13pm: 270,000 iPhones sold, 146,000 iPhones activated. Some problems during the first week, and we would like to apologize. Since then, AT&T has corrected the cause, and we are experiencing high percentage of problem-free activation.More after the break.
