Sony on Thursday posted its full-year financial results for the fiscal year ended March 31st, 2013. The struggling Japan-based consumer electronics giant managed to eke out its first full-year profit in five years, posting net income of 43 billion yen, or approximately $458 million for fiscal 2012. Smartphone sales into channels came in at 33 million units while LCD TV sales fell 38% to 13.5 million units. Combined sales of the PlayStation 3 and PlayStation 2 fell to 16.5 million units in fiscal 2013, and Sony shipped a total of 7 million handheld Vita consoles. In fiscal 2013, Sony expects TV sales to rebound to 16 million units while smartphone shipments grow 27% to 42 million handsets.
T-Mobile US on Wednesday posted first-quarter financial results for the pre-merger T-Mobile USA, which saw earnings and revenue continue to slide. Adjusted EBITDA of $1.2 billion was down more than 7% from the first quarter last year, and revenue sank 7% to $4.7 billion. The carrier finished the March quarter with approximately 34 million subscribers, an increase of about 579,000 customers. T-Mobile added 3,000 net branded subscribers but it lost 199,000 net postpaid customers in the quarter. More →
HTC on Monday reported its revenue performance for the month of April, which continued the company’s downward trend as it struggles against rivals Samsung and Apple. HTC’s sales totaled NT$19.6 billion in April 2013, or roughly $645 million, and cumulative sales for the first four months of 2013 have now reached NT$62.4 billion. April’s performance was down 37% from April 2012, when HTC reported sales totaling NT$31 billion. HTC also saw cumulative revenue reach NT$99 billion by the end of April last year. While the company’s April 2012 sales continued a downward trend that has some industry watchers questioning whether or not HTC should begin hunting for a new CEO, there is one positive sign: As the HTC One began to roll out around the world in April, HTC’s revenue was up 26% over March.
Facebook is now firmly entrenched as a mobile company, with 30% of total advertising revenue coming from mobile. Mobile is the key front for Facebook now and for the foreseeable future, as users continue to spend the majority of their time on phones and tablets. Mobile monthly active users (MAU) grew to 751 million in the first quarter, with total daily active users (DAUs) reaching 1.1 billion. UBS analyst Eric Sheridan noted that mobile advertising revenue was above his estimates at $374 million, and he expects to see continued growth as more users, and more ads go online. More →
HTC on Thursday posted its audited earnings results for the first quarter of 2013 and the were in line with the company’s pre-announcement from last month. HTC managed to pull in just $2.88 in after-tax profit, down about 98% from the year-ago quarter, which had already seen profit drop 70% from Q1 2011. Revenue last quarter came in at $1.45 billion and operating margins fell to just 0.1%. More →
Apple shares skyrocketed between 2009 and the end of 2012 as the company repeatedly posted record quarterly earnings. Of course, gravity eventually wins — breakneck growth simply can’t be maintained forever. Samsung, too, has seen unbelievable growth over the past couple of years and its quarterly results have reflected its incredible success. But how long will the party last? More →
Apple’s earnings report was as action-packed as ever on Tuesday evening. The company’s stock soared as it beat the Street’s consensus and announced that it will return $100 billion to investors by end of 2015, and then it got pummeled when CEO Tim Cook suggested that we won’t see any big new product launches in the June quarter this year. Volatility in the market aside, Apple still turned in a huge, huge quarter despite seeing profits plunge 18% thanks to tightening margins. Looking at the numbers on paper is one thing, but SplatF’s Dan Frommer put together put together a quick “Apple earnings dashboard” that charts key data points as compared to historical data to help tell a more complete story. A few charts follow below and the full dashboard can be found on Frommer’s blog. More →
Tuesday evening’s Apple results were beyond dramatic. The company buried a massive 18% drop in profits under an even bigger pile of cash, announcing that it will take on debt and create value for investors by increasing its stock buyback and dividend programs to return $100 billion to investors between now and 2015. The stock immediately shot up by more than 4.5% in after-hours trading, but those gains were completely wiped away when CEO Tim Cook announced that Apple doesn’t have plans to launch any exciting new products until this coming fall. Quite the roller coaster ride, indeed. More →
Apple’s second quarter wasn’t nearly as bad as the bears on Wall Street thought it would be. In fact, the company actually beat estimates, even though there were some notably bearish analysts and traders on Wall Street. Despite that, Apple’s results, guidance and future are as confusing as ever, with something for both the bulls and bears alike. More →
Sprint on Wednesday reported its financial results for the first quarter of 2013, which saw the carrier’s subscriber base and service revenues grow to record highs. Unfortunately, the company still found itself in the red, posting a net loss of $0.21 per share, or $643 million, on sales totaling $8.8 billion. That’s a slight improvement over the same quarter last year, when Sprint posted a loss of $863 million. Wireless service revenue in Q1 2013 came in at $7.1 billion, the highest on record for Sprint. More →
What a difference a year can make. This time last year, Apple’s stock was dancing in the mid-$500 range about to make an explosive run to a record high in late September. Then it all came tumbling down. Apple shares have lost more than 40% of their value since topping $705 last fall, and there are still no signs of a rebound in sight. Things took a sharper turn south in the new year and the stock is down about 23% year-to-date, recently dropping below $400 for the first time since December 2011. Shares rose on Tuesday as investors geared up for Apple to report its fiscal second-quarter earnings, and the numbers are now in. More →
Google’s first-quarter earnings beat Wall Street expectations, aided by a lower tax rate and a research credit. Even though the stock moved on the numbers, it was what was said on the call that was most important. CEO Larry Page said on the conference call that it is his job to make sure that Google and its engineers are working on big, bold bets to not only advance the company and its earnings, but society as well. “A big part of my job is to get people to focus on things that are not just incremental,” Page said during the earnings call. Google is working on ambitious projects, such as Google Fiber, self-driving cars and other projects like Google Glass “because no one else is crazy enough to try.” More →
Google on Thursday posted first quarter earnings of $11.58 per share on revenue of $11 billion, thus beating Street expectations of $10.64 in EPS on $11.11 billion in sales. The $11.58 EPS represented a 15% year-over-year increase from Q1 2012. Google’s shares immediately climbed by 2% in after hours trading on news that it had beat expectations. On the downside for Google was the $271 million operating loss posted by its Motorola Mobility unit, which the company has struggled to return to profitability ever since its acquisition in 2012. The company’s full press release is posted below. More →