E Ink, the popular company that provides paper-look gray-scale displays for eReaders, reported consolidated revenues of $48.02 million in January, down 63.6% from the same month last year and 11% sequentially. The growing popularity of media tablets with full-color displays likely played a big role in the decline — sales of Amazon’s Kindle Fire and Barnes & Noble’s Nook Tablet are thought to be eating into the companies’ respective dedicated eReader businesses to an extent. Even though E Ink’s revenue took a nose dive in January, the company said that it expects to post revenues of $1.35 billion this year, up 5% from 2011.
The video game industry capped off a rough year in the United States with a horrible holiday month that saw sales plummet year-over-year across all categories. Market research firm The NPD Group recently released its sales estimates for December 2011 and the full year, and neither set of figures paints a pretty picture. Last month, total industry sales plummeted to $3.99 billion, down 21% from $5.07 billion in December 2010. Hardware sales dropped 28% to $1.32 billion in December, and software sales were down 14% to $2.08 billion. “December was very rough for new physical sales of video games hardware, software and accessories,” NPD analyst Anita Frazier said in a statement. “Because of the great slate of content that came to market during the fourth quarter, I had expected December sales to represent a larger portion of total year sales than what occurred. This year, December accounted for just 23% of annual sales, while the average for the past ten years has been 28.” For the full year, hardware sales were down 11% to $5.58 billion, software sales dipped 6% to $8.83 billion and total industry sales slid 8% to $17.02 billion. The NPD Group’s full press release follows below along with a list of the top-10 best-selling games of 2011. More →
MetroPCS on Thursday announced its fourth quarter 2011 subscriber results. The carrier added 197,000 net subscribers, which missed analyst expectations that the carrier would add between 214,000 and 250,000 net customer additions, Reuters said. The company stated that it ended the year with more than 9.3 million total subscribers and said it added about 1.2 million subscribers during the 2011 calendar year. Churn took a turn for the worse since the fourth quarter of 2010, however; the company reported 3.7% churn in the fourth quarter, up from 3.5% during the same period in 2010. That figure is an improvement over the 4.5% churn the carrier reported during the third quarter of 2011, however. MetroPCS’s full press release follows after the break. More →
As 2012 approaches, we thought it would be fun to look back on 2011 one last time and share our biggest stories of the year with you. Here they are in order, from our post popular post of the year to our tenth most popular post:
- Open letter to BlackBerry bosses: Senior RIM exec tells all as company crumbles around him
- BlackBerry Messenger will launch on Android and iOS
- Samsung Galaxy Nexus full specs revealed; Verizon Wireless exclusive
- BlackBerry Dakota gets pictured; the touch and type BlackBerry you’ve been waiting for
- Google’s first Ice Cream Sandwich phone to be manufactured by Samsung, possibly dubbed ‘Nexus Prime’
- Live from Apple’s WWDC 2011 keynote with Steve Jobs
- Apple testing iPhone for T-Mobile USA
- Google Nexus 4G detailed – 720p display, 4G LTE, Android 4.0
- BlackBerry Bold 9900 review
- Inside RIM: An exclusive look at the rise and fall of the company that made smartphones smart
Have a great and safe New Year.
Bluestacks, the team behind the Android app player for Windows, has released the company’s first “Mr.Android” study. Ever wonder what the average Android user may look like? Pretty normal, apparently. Using data collected from Nielsen Media Research along with a survey of Bluestacks’s 145,000 Facebook fans, the company created a composite of what the average Android user looks like and even what kind of clothes typical Android users might wear. Additionally, the chart includes country of origin, phone habits and much more. Interestingly enough, 18% of users have unusually large heads according to the study, while 62% wear jeans and 63% have a significant other. The data was collected between December 12th to December 19th, and it is in no way scientific. The company’s full press release follows after the break.
HP reported its fiscal fourth-quarter and full-year earnings on Monday, noting net revenue of $32.3 billion for the quarter, down 3% year-over-year. HP’s diluted earnings per share of $1.17 in the fourth quarter was also down 12% year-over-year. Fiscal 2011 GAAP net revenue was $127.2 billion, up 1% from the $126 billion HP reported in 2010. Despite beating analyst expectations of $32.05 billion in net revenue and earnings of $1.13 per share, the company said it is cautious as it looks into 2012. Read on for more. More →
Dell reported its third-quarter earnings on Tuesday, noting that its revenue of $15.4 billion was flat compared to the same period last year. GAAP earnings came in at $0.49 per share, up 17% from the same quarter in 2010. Revenue from Dell’s enterprise solutions and services branch was an all-time high $4.7 billion; sales of servers, storage, networking and services jumped 8% from the same period last year. Dell’s consumer unit reported $2.8 billion in revenue, down 6% from the third quarter of 2010, but the company said that its high-end XPS computers fared particularly well. In fact, revenue from its XPS consumer laptop family increased 207% from last year. Read on for more. More →
T-Mobile USA on Thursday announced its results for the third quarter of 2011. The carrier said it added 126,000 net customers during the quarter, an improvement over the net loss of 50,000 customers it reported during the second quarter, but fewer than the 137,000 new customers it added during the same quarter last year. Contract customers continued to flee, however, as T-Mobile reported a net loss of 186,000 contract customers for the quarter. The carrier lost 281,000 contract customers during the second quarter but just 64,000 during the same quarter last year. The number of smartphone customers increased 40% from the same time period last year, however, and T-Mobile now has 10.1 million customers using smartphones on its network. Read on for more. More →
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.
Shares of Netflix stock plummeted more than 27% in after-hours trading as the company revealed it lost more than 800,000 customers in the third quarter. Netflix now serves 23.8 million total customers and it reported third-quarter revenue of $822 million, beating estimates of $812 million. Earnings worked out to $1.16 per share, which also beat Wall Street’s consensus of $0.96. “While we dramatically improved our $7.99 unlimited streaming service by embracing new platforms, simplifying user-interface, and more than doubling domestic spending on streaming content over 2010, we greatly upset many domestic Netflix members with our significant DVD-related pricing changes, and to a lesser degree, with the proposed-and-now-cancelled rebranding of our DVD service,” Netflix said in a letter to shareholders Monday. Netflix expects DVD shipments to decline sharply during the fourth quarter, a continuation of the company’s earlier changes, but it expects growth in weekly gross additions compared to the December quarter last year. The company said it expects global consolidated income to fall between $19 million and $37 million during the fourth quarter and EPS is expected to land between $0.36 and $0.70. More →
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 →
Global shipments of PCs grew slightly but less than analysts had predicted during the third quarter of 2011, Gartner said recently, citing preliminary findings of a new research report. 91.8 million PCs were shipped during the quarter, a 3.2% jumped from the same quarter of last year. The figures are lower than Gartner’s original estimate, which suggested PC vendors would ship 5.1% more units during the quarter. Gartner said the lower sales can be attributed to a weak Western European PC market. Read on for more. More →
Janney Capital Markets analyst Bill Choi believes Apple’s success with the iPhone will continue to sky rocket. Choi estimated recently that Apple will ship 87 million iPhone units this year and 107 million during 2012, a 27 percent increase year-over-year. Apple’s growing number of carrier partners will be the primary catalyst for the growth, Choi said, noting that 228 wireless carriers offered the iPhone in a total of 105 countries during the third quarter of this year. “There are still a handful of major carriers worldwide that have yet to carry the iPhone. Potential deals with Sprint (52.1M subscribers), T-Mobile (33.6M subscribers), China Mobile (628M subscribers) and other large international carriers pose a catalyst to fuel iPhone sales,” Choi wrote in a research note. Despite a recent rumor that suggests Apple will sell a new iPhone with support for T-Mobile’s “4G” network, statements from T-Mobile USA chief marketing officer Cole Brodman have suggested that T-Mobile USA will not carry the iPhone this year. Apple will unveil its new iPhone lineup on Tuesday and is currently expected to launch an improved model as well as a watered down and more affordable version of the current iPhone 4. More →