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October 25, 2011
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Amazon profit falls 73% in Q3 despite record Kindle launch

By on October 25, 2011 at 5:05 PM.

Amazon profit falls 73% in Q3 despite record Kindle launch

Amazon reported third-quarter earnings on Tuesday, noting net sales increased 44% from the same quarter last year to $10.88 billion. That figure is on a par with Wall Street’s revenue expectations of $10.93 billion. Amazon reported EPS of $0.14, which missed the Street’s estimates of $0.24 per share. Net income fell 73% quarter-over-quarter, however. Amazon reported net income of $63 million during the third quarter, down from $231 million in the second quarter. The online retailer said September 28th was its biggest day ever for Kindle sales, including during the previous peak holiday season. “In the three weeks since launch, orders for electronic ink Kindles are double the previous launch,” Amazon CEO Jeff Bezos said. “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.” Looking forward to the fourth quarter, Amazon expects net sales to fall between $16.45 billion and $18.65 billion, 27-44% growth over the fourth quarter of last year. The company also confirmed better than expected demand for its Kindle Fire tablet, noting that it is building “millions more” tablets than it had initially orders. Shares of Amazon stock fell more than 14% in after-hours trading. Read on for the full press release from Amazon.

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October 21, 2011
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Verizon reports solid Q3; revenue in line with the Street, wireless connections total 107.7M

By on October 21, 2011 at 7:59 AM.

Verizon reports solid Q3; revenue in line with the Street, wireless connections total 107.7M

Verizon Communications on Friday reported earnings for the third quarter of 2011. Total consolidated operating revenue came in at $27.91 billion, up 5.4% over the third quarter last year and narrowly beating the Street’s $27.88 billion estimate. The carrier reported non-GAAP earnings of $0.56 per share, up from $0.55 in the third quarter of 2010. Verizon’s wireless business recorded revenue of $15 billion in the quarter, up 6.1% from the same quarter last year, and wireless connections now total 107.7 million. AT&T on Thursday reported that its subscriber count surpassed 100 million for the first time in the third quarter. Verizon’s net wireless connection additions in the quarter totalled 1.3 million while AT&T added 2.1 million new subscribers in the same quarter. Verizon’s wireless data revenue was up 20.5% year-over-year to $6.1 billion, representing 40.6% of all service revenues. The company’s full press release follows below.

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October 20, 2011
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Nokia shocks the Street in Q3 on solid feature phone sales

By on October 20, 2011 at 9:25 PM.

Nokia shocks the Street in Q3 on solid feature phone sales

Nokia on Thursday posted better-than-expected results for the third quarter thanks to mobile device shipments that exceeded analysts’ expectations by a substantial margin. The Finnish phone vendor shipped 89.9 million feature phones, crushing expectations which were as low as 67 million units for the quarter, and revenue from its mobile devices group came in at €5.39 billion compared to the Street’s consensus of €5.06 billion. Total revenue fell 13% from the third quarter last year to €8.98 billion, also beating the Street’s €8.66 billion consensus, and EPS excluding some costs was €0.03 for the quarter. Wall Street was expecting earnings of €0.02 per share. Total mobile device shipments grew 20% sequentially to 106.6 million units, but average selling prices were down 18% quarter-over-quarter and 22% from the third quarter last year. Nokia’s net loss in the quarter was just €68 million while the Street was expecting a loss of €229 million. Nokia’s full earnings release follows below. More →

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October 20, 2011
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Microsoft reports best-ever Q1 results; revenue hits $17.37 billion

By on October 20, 2011 at 4:20 PM.

Microsoft reports best-ever Q1 results; revenue hits $17.37 billion

Microsoft announced its fiscal first-quarter 2012 earnings on Thursday, the best first quarter the company has ever recorded. The Redmond-based software giant reported revenue of $17.37 billion, up 7% from the first quarter of 2011 and on a par with analyst estimates of $17.26 billion. Operating income for the quarter was $7.2 billion, up 1% from the same quarter last year and net income was $5.74 billion, or $0.68 per share, up 6% from the first quarter of 2011. “We saw customer demand across the breadth of our products, resulting in record first-quarter revenue and another quarter of solid EPS growth,” said Microsoft CFO Peter Klein. “Our product portfolio is performing well, and we’ve got an impressive pipeline of products and services that positions us well for future growth.” Microsoft’s Business division reported $5.62 billion in revenue, up 8% from the same period last year and above analyst estimates of $5.4 billion. The company’s Server & Tools team reported $4.25 billion in revenue, up 10% from last year’s first quarter and a hair below analyst expectations of $4.3 billion. Its Windows and Windows Live Division reported a revenue increase of 2% up to $4.87 billion. In addition, Microsoft said it has now sold 450 million Windows 7 licenses since the platform’s launch. Read on for the full press release from Microsoft.  More →

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October 20, 2011
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AT&T reports solid Q3 as subscribers pass the 100 million mark

By on October 20, 2011 at 8:00 AM.

AT&T reports solid Q3 as subscribers pass the 100 million mark

AT&T on Thursday reported results for the third quarter of 2011 that were in line with expectations. The carrier gained 2.1 million net subscribers to pass 100 million total subscribers for the first time, though revenue of $31.5 billion was down marginally from the same quarter a year earlier. Third-quarter net income of $3.6 billion or $0.61 per share was down from $12.3 billion or $2.07 per share in the same quarter last year, but up from $0.54 per share year-over-year when excluding one-time gains. Wireless data revenue was up 18%, or $857 million, from the same quarter last year to $5.6 billion. AT&T sold 4.8 million smartphones during the third quarter, which includes iPhone activations totaling 2.7 million units. “Smartphones, connected devices and tablets all posted impressive gains,” AT&T CEO Randall Stephenson said in a statement. ”Our first LTE 4G markets are up and running with terrific speeds. And we continue to work toward a successful completion of our planned T-Mobile USA merger. The next waves in the mobile Internet revolution represent tremendous growth potential, and we are laying the groundwork required for that future.” AT&T’s full press release follows below. More →

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October 13, 2011
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Google reports huge Q3; revenue up 33%, profit up 26%

By on October 13, 2011 at 5:20 PM.

Google reports huge Q3; revenue up 33%, profit up 26%

Google announced its third quarter 2011 results on Friday, which surpassed analyst expectations. “We had a great quarter,” Google CEO Larry Page said. “Revenue was up 33% year on year and our quarterly revenue was just short of $10 billion,” Page explained, noting that the company’s brand new Google+ social network now has more than 40 million users. To clarify Page’s statement, the company’s revenue was $9.72 billion, up from the $7.29 billion reported during the third quarter of 2010. Operating income was $3.06 billion, up from the $2.55 billion in operating revenue reported during the same period last year. Net income for the quarter was $2.73 billion, up from the $2.17 billion in the third quarter of 2010. Google’s Cost-Per-Click, which includes advertisements on Google’s sites and from its AdSense partners, increased 5% year-over-year and declined 5% consecutively. The Internet giant also said it now has $42.6 billion in cash. Google did not discuss figures related to its Android operating system. Read on for the full press release. More →

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General
October 13, 2011
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BGR Germany launches next month; we’re hiring

By on October 13, 2011 at 7:01 AM.

BGR Germany launches next month; we’re hiring

I’m incredibly excited to share that we’ll be launching our second regional site, BGR Germany, next month. And it’s going to be big. We’re launching BGR Germany in partnership with the largest Internet company in Europe, United Internet. We’ll also be powering the technology and mobile news sections of Germany’s largest web portals, GMX.net and web.de, and we’re looking for some talented writers to help lead BGR Germany with us. If you or someone you know might be interested, details on how to apply can be found after the break. Make sure you stay tuned to BGR and BGR Germany starting early next month at de.bgr.com — we have some great stuff coming up. More →

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October 6, 2011
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HTC profit up 68% in Q3, revenue climbs 80%

By on October 6, 2011 at 10:40 AM.

HTC profit up 68% in Q3, revenue climbs 80%

HTC on Thursday announced unaudited consolidated results for the third quarter of 2011. The company said in a statement that revenue came in at NT$135.8 billion for the quarter, up 79.07% from the third quarter last year, and unaudited net income rose 68% year-over-year to NT$18.6 billion after taxes. Operating income climbed to NT$20.2 billion in the third quarter, and HTC reported earnings of NT$22.03 per share. HTC’s brief statement to investors follows below. More →

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September 18, 2011
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Most popular this week

By on September 18, 2011 at 6:50 PM.

Most popular this week

September 12th – September 18th

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September 15, 2011
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RIM reports Q2 earnings: Revenue and EPS both miss; phone and PlayBook shipments decline

By on September 15, 2011 at 4:20 PM.

RIM reports Q2 earnings: Revenue and EPS both miss; phone and PlayBook shipments decline

Research In Motion on Thursday reported its earnings results for the fiscal second quarter. Revenue and EPS both missed estimates; the vendor reported revenue of $4.17 billion and earnings of $0.80 per share. RIM had previously forecast revenue of between $4.2 billion and $4.5 billion and earnings of between $0.75 and $1.05 per share for its August quarter, and Wall Street expected second-quarter revenue of $4.47 billion and EPS of $0.88. Net income in the second quarter totalled $329 million. RIM also had projected handset shipments to reach between 11 and 12.5 million units, but missed there as well — the company shipped only 10.6 million BlackBerry phones in its August quarter. RIM still managed to push its subscriber base past 70 million for the first time, up 40% year-over-year. As for RIM’s QNX tablet, PlayBook shipments fell well below expectations; the company only shipped 200,000 units during the device’s first full quarter of availability, less than half of analysts’ expectations (700,000). RIM shipped 500,000 PlayBooks in its previous quarter. The company’s stock fell 11% immediately following its report. Full press release after the break. RIM’s full press release follows below. More →

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September 11, 2011
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Most popular this week

By on September 11, 2011 at 4:54 PM.

Most popular this week

September 5th – September 11th

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August 30, 2011
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We're hiring

By on August 30, 2011 at 12:01 PM.

We're hiring

BGR has always been a site focused on delivering the biggest and best stories in the tech sector, and we’ve always done that with a pretty lean and mean team. However, as we concentrate on expanding and reaching millions more people, our team needs to grow. We’re currently looking for talented individuals to join us as we take BGR to the next level. Hit the jump for more. More →

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General
August 30, 2011
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Asus to launch 5-6 Intel-powered Ultrabooks in October

By on August 30, 2011 at 7:01 AM.

Asus to launch 5-6 Intel-powered Ultrabooks in October

Asus will launch as many as six Ultrabooks in October, Asus chairman Jonney Shih said on Monday. The notebooks will offer screen sizes between 11.6-inches and 13.3-inches. Intel detailed its plans to introduce a new category of notebooks, which it dubbed “Ultrabooks” in May. The chip maker hopes the new category will dominate 40% of the consumer notebook market by the end of 2012 and says the devices will combine the performance of today’s laptops with a tablet-like experience. Earlier reports suggested that mass production of Ultrabooks will begin in September and Intel recently invested $300 million in an effort to speed up the process of creating the devices. The first such device to hit the market is largely expected to be the ASUS UX21. Acer, Asus and Lenovo have all detailed plans to launch sub-$1,000 Ultrabooks during the fourth quarter but Shih said the six from Asus will be priced between $900 and $2,000. More →

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