T-Mobile Earnings Q1 2014

T-Mobile adds more customers in Q1 than all other carriers combined, but swings to loss

By on May 1, 2014 at 7:35 AM.

T-Mobile adds more customers in Q1 than all other carriers combined, but swings to loss

T-Mobile on Thursday morning reported its results for the first quarter of the year, marking the first time the scrappy carrier added more than 2 million net new subscribers in a single quarter. The nation’s No. 4 wireless service provider said that it added a total of 2.4 million net new customers in Q1, yet another clear sign that its “Uncarrier” plans and marketing initiatives are catching consumers’ attention. All of that marketing came at a hefty price, however, and T-Mobile posted a loss of $151 million in the quarter. More →

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Nokia Earnings Q1 2014

Welcome to the handset business, Microsoft: Nokia’s phone revenue plummets in Q1

By on April 29, 2014 at 6:45 PM.

Welcome to the handset business, Microsoft: Nokia’s phone revenue plummets in Q1

Microsoft’s acquisition of Nokia’s devices and services business was finalized last Friday but Nokia had one last gift for the new owner of its handset business: plummeting phone sales. Nokia on Tuesday reported its results for the first quarter of 2014, which included a $421 million profit on revenue totaling $3.7 billion, down 15% on year. Net sales in Nokia’s former devices and services business came in at just under $2.7 billion, which represents a massive 30% decline compared to the same quarter in 2013. Nokia’s handset business posted a $424 million operating loss in the quarter, so Microsoft clearly has a steep hill to climb — and we’re not sure if a selfie phone alone will do the trick, even if it’s code-named “Superman.”

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Samsung Earnings Q1 2014

Samsung reports second straight profit drop: 5 key takeaways from Samsung’s Q1 earnings

By on April 29, 2014 at 9:00 AM.

Samsung reports second straight profit drop: 5 key takeaways from Samsung’s Q1 earnings

Samsung on Tuesday reported its second consecutive quarter of declining on-year profits as growth of the company’s high-end smartphone sales continued to slow. The company posted audited first-quarter results that were in line with the guidance it released earlier in April. Operating profit came in at $8.2 billion, a 3.3% decline from the year-ago quarter, on revenue totaling $52 billion. Net profit climbed 5.9% to 7.34 billion thanks to improved margins. Samsung said its results should improve in the second quarter of the year thanks to sales of its new Galaxy S5 flagship phone, which launched during the second week of April. More →

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Samsung Earnings Q1 2014

Samsung profit slides for second straight quarter in Q1

By on April 7, 2014 at 8:30 PM.

Samsung profit slides for second straight quarter in Q1

Samsung is wrestling with the same headwinds as Apple: slowing global smartphone volume growth and falling prices. Bloomberg reports that Samsung’s unaudited results show a first-quarter drop in operating profit to 8.4 trillion won, or roughly $8 billion. That figure is down from 8.78 trillion won in the same quarter last year. This is the first time since 2011 that Samsung has delivered back-to-back profit declines in two consecutive quarters. The company is facing pretty stiff criticism over the launch of the Galaxy S5 in its home market of South Korea — the new model is regarded as too derivative and boring by many local observers. Samsung seems to be aware that S5 is not going to be a barn-burner though, and it opted to price the model about 10% lower than S4 one year ago. More →

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HTC Earnings Q1 2014

HTC’s revenue finally rises in March, but can’t stop Q1 loss

By on April 7, 2014 at 7:25 AM.

HTC’s revenue finally rises in March, but can’t stop Q1 loss

HTC on Monday announced its financial results for the first quarter of 2014, having recorded the second down quarter of its history as a public company. The smartphone maker posted a first-quarter loss of NT$1.88 billion, or roughly $62 million in USD. Analysts were expecting the company’s loss to be narrower at NT$1.59 billion. In the year-ago quarter, HTC managed a small profit of NT$85 million. More →

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HTC earnings Q4 2013

HTC manages small Q4 profit despite slumping sales

By on February 10, 2014 at 8:45 AM.

HTC manages small Q4 profit despite slumping sales

HTC’s struggles continued in the fourth quarter last year but on the bright side, the wobbling smartphone maker did mange to post a narrow holiday-quarter profit despite sales that showed a significant decline yet again. Following the release of its unaudited Q4 2013 earnings early last month, the company posted its final results for the December quarter. Profit came in at $10 million, just as HTC had reported earlier, which missed analysts’ expectations of $12 million. Meanwhile revenue for the quarter came in at about $1.41 billion, down sharply from the $1.98 billion in sales HTC managed in the same quarter a year earlier. More →

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Nintendo Earnings Q3 2014

Nintendo’s Q3 profit plummets as Wii U weighs heavy

By on January 29, 2014 at 7:25 AM.

Nintendo’s Q3 profit plummets as Wii U weighs heavy

What oh what is Nintendo to do with the Wii U? The storied video game company on Wednesday reported earnings for its third fiscal quarter. While sales of its 3DS portable console line continued to hum along at 7.76 million units, the company only managed to sell 1.95 million Wii U consoles despite several anticipated game launches during the holiday quarter, including Super Mario 3D World. Nintendo’s net income plummeted by nearly one-third to Y10.1 billion, or about $98 million, in the December quarter. The company’s operating income came in at Y21.7 billion, or $211 million, and sales in the quarter totaled just over Y499 billion, or $4.8 billion. More →

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AT&T Earnings Q4 2013

AT&T rakes in $5.2 billion Q4 profit but ‘Uncarrier’ takes its toll

By on January 28, 2014 at 4:10 PM.

AT&T rakes in $5.2 billion Q4 profit but ‘Uncarrier’ takes its toll

AT&T on Tuesday reported fourth-quarter earnings of $0.53 per share on $33.2 billion in revenue, thus beating the consensus estimate of $0.50 per share in profit sales totaling $33.06 billion. AT&T also announced that it added 566,000 postpaid wireless subscribers, which is impressive but still a long way off from the 869,000 postpaid subscribers added by T-Mobile last quarter. The 566,000 net postpaid additions also represented a decline from the 780,000 net postpaid additions the company reported in Q4 2012. More →

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Nokia Earnings Q4 2013

Nokia’s phone-free future looks less bright

By on January 23, 2014 at 7:25 AM.

Nokia’s phone-free future looks less bright

Nokia reported its fourth-quarter results on Thursday morning — it’s final earnings report that will include a full quarter of results from its devices and services business. Nokia said its Q4 operating profit totaled $556 million on $4.77 billion in sales. Meanwhile its phone business lost about $270 million and Nokia said that unit sales of its Lumia smartphones declined in the fourth quarter, though the company failed to share shipment numbers. More →

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Verizon Earnings Q4 2013

Verizon recovers from huge loss with $5 billion Q4 profit

By on January 21, 2014 at 7:48 AM.

Verizon recovers from huge loss with $5 billion Q4 profit

Verizon Communications posted a massive $1.93 billion loss in the fourth quarter of 2012 as pension expenses and costs associated with Hurricane Sandy took a big toll on the company’s performance. The company was looking to rebound in 2013 and it did just that. Excluding one-time charges, Verizon managed earnings of $0.45 per share in the year-ago quarter on sales totaling $30 billion. In Q4 2013, Verizon’s earnings climbed to $0.66 per share on $31.07 billion in revenue, narrowly beating analysts’ estimates on both counts. The carrier’s net income totaled $5.07 billion in the fourth quarter. Verizon also said it added 1.7 million net new wireless subscribers during the quarter, pushing its total subscriber count to 102.8 million. The company’s full press release follows below. More →

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Samsung Earnings Estimates

Samsung misses big as Q4 profit falls 18%

By on January 7, 2014 at 7:45 AM.

Samsung misses big as Q4 profit falls 18%

Samsung on Tuesday morning reported its unaudited earnings results for the fourth quarter of 2013, missing analysts’ estimates and raising concerns about the coming year as high-end smartphone sales growth continues to slow. Samsung said that its fourth-quarter operating profit will likely come in at around 8.3 trillion won, or $7.8 billion, which represents a 6% decline compared to the same quarter in 2012. More →

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HTC Earnings Q4 2014

HTC’s latest earnings miss is a dark omen for Samsung and even Apple

By on January 6, 2014 at 7:45 AM.

HTC’s latest earnings miss is a dark omen for Samsung and even Apple

HTC reported another dismal Christmas quarter, posting a razor-thin $10 million unaudited net profit that missed analysts’ expectations by $12 million. And that profit was only achieved thanks to the company’s $265 million sale of its stake in Beats Electronics. This quarter was another letdown in a streak of bad reports that now extends to two years. But it wasn’t just another quarter for HTC — this was a crucial period for the company’s future. HTC launched its heavily marketed phablet, the HTC One max, in key Asian markets and in the United States in November. This was the phone that HTC absolutely needed to turn into a decent hit after the brutal disappointment its well-reviewed HTC One turned into during the summer. More →

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