After posting the most profitable quarter in technology company history to close 2011 — and the second most profitable quarter among all companies, ever — Apple came back again in the first calendar quarter of 2012 and managed another monster quarter. The Cupertino, California-based technology giant earned $11.6 billion on $39.2 billion in sales during the second fiscal quarter of 2012, and its iPhone was responsible for an estimated 80% of all smartphone profits during the quarter. According to Apple watcher Horace Dediu, Apple’s share of all cell phone profits was nearly as overwhelming. More →
Motorola Mobility on Tuesday reported its financial results for the first quarter. The struggling vendor managed $3.08 billion in sales, narrowly topping Wall Street’s $3.03 billion revenue estimates as Motorola continued to work toward the finalization of Google’s $12.5 billion acquisition. Motorola’s loss of $0.28 per share, or $86 million, missed analysts’ consensus by a penny per share, however. Revenue from the company’s mobile division increased 3% as Motorola shipped 5.1 million smartphones in the quarter, but total device shipments slid to 8.9 million units as demand dropped following the holidays. “The introduction of RAZR MAXX marked another successful addition to the Motorola product family and contributed to our growth in smartphones,” Motorola Mobility CEO Sanjay Jha said. “Our Home business delivered another solid quarter highlighted by improvement in year-over-year profitability. We continue to work closely with Google to complete the proposed merger during the first half of the year.” Motorola’s full press release follows below. More →
Apple and Samsung each reported record first-quarter results last week and according to research conducted by one analyst, the companies combined to account for all mobile industry profits last quarter. Apple last week reported $11.6 billion in profit on $39.2 billion in sales, both second fiscal quarter records for Apple, and Samsung managed a best-ever profit of $4.5 billion in the same quarter, $3.9 billion of which came from its IT & Mobile Communications business. Read on for more. More →
Samsung managed to top its pre-announced earnings when it reported results for the first calendar quarter of 2012 on Friday morning. The company reported a record operating profit of 5.85 trillion Korean won, up 98%, and a consolidated net profit of $5.05 trillion won, up 82% over the same quarter last year. Revenue came in at 45.27 trillion won, beating expectations. TV and semiconductor sales were down in the quarter, but any potential impact was offset by strong sales of high-margin display panels and mobile phones. Samsung’s mobile sales grew 86% over the year-ago quarter to 18.9 trillion won, and the company’s combined operating profit margin climbed 1.7 points to 12.9%. Samsung’s full press release follows below. More →
Amazon on Thursday reported its financial results for the first quarter of 2012. Analysts were looking for a profit of $0.07 per share on $12.86 billion in sales, and Amazon posted earnings of $0.28 per share on revenue of $13.18 billion, crushing expectations. The retailer netted $0.38 per share on revenue of $17.4 billion this past holiday quarter, and $0.44 per share on $9.86 billion in sales during the first quarter last year. The nationwide retailer’s stock had been up and down all week as Wall Street’s concerns over margins continued to rattle investors. Amazon’s operating margin fell 3.7% to 1.5% of global revenue in the fourth quarter and in the first quarter a year ago, Amazon’s margins sat at 3.3%. In the first quarter of 2012, Amazon’s operating margins stayed flat at 1.5%. For the second quarter, Amazon forecasts a profit of $40 million, up from a loss of $260 million in the second quarter last year, on revenue of between $11.9 billion and $13.3 billion. Amazon’s stock was up more than 12% percent during after-hours trading on Thursday. The company’s full press release follows below. More →
Despite early-morning jitters on Wall Street, Apple on Tuesday reported yet another blow-out quarter. The Cupertino, California-based company managed the second most profitable quarter in its history, posting a net profit of $11.6 billion on $39.2 billion in sales. Apple sold 35.1 million iPhones into channels last quarter, along with 11.8 million iPads, 7.7 million iPods and 4 million Mac computers. While the firm continues to dominate the technology industry — Apple is currently the most valuable company in the world — several analysts think Apple is just getting started. More →
Sprint posted its first-quarter financial results on Wednesday ahead of the bell. Analysts were anticipating another rough quarter, and Wall Street’s consensus had the nation’s No.3 carrier losing $0.42 per share on revenue of $8.71 billion. The numbers are now in and Sprint beat analysts’ expectations, reported a loss of $0.29 per share, or a net loss of $863 million, on $8.73 billion in sales. Sprint’s subscriber count was also in the spotlight ahead of Tuesday morning’s earnings report, and estimates suggested Sprint would shed anywhere from 22,000 to 125,000 net subscribers. Sprint has now confirmed that it added 263,000 net postpaid subscribers under the Sprint brand during the quarter thanks to iPhone sales totaling 1.5 million units, but it lost 192,000 net contract subscribers as its Nextel platform shed 455,000 postpaid customers. The carrier posted a massive $1.3 billion loss in the fourth quarter last year though the addition of Apple’s iPhone helped it add 1.6 million net subscribers, and it reported a loss of $439 million while adding 310,000 net subscribers in the first quarter of 2011. Sprint’s full press release follows below. More →
Apple on Tuesday reported a huge quarter, crushing analysts’ estimates for the second fiscal quarter of 2012. During the earnings call that followed the company’s release, Apple executives were asked if they feared a potential squeeze on carrier subsidies, talk of which recently sent Apple’s stock tumbling. “Our focus is on making the very best smartphone in the world,” Apple CEO Tim Cook responded while brushing off the notion that carriers might be looking to squeeze iPhone subsidies. Carriers want to sell the products customers want according to Cook, and Apple’s iPhone is currently the best-selling smartphone in the world. The chief executive also stated that the iPhone is the best smartphone on the planet to entice feature phone users to upgrade to a smartphone, which is a primary goal for carriers as they promote high-margin data plans.
After a rough month that saw Apple’s stock tumble nearly $90 from a high of $644 earlier this month to as low as $555.18 on Tuesday, Apple reported its earnings for the second fiscal quarter on Tuesday after the market closed. Following a last-minute round of panic that swept Wall Street, Apple posted a net profit of $11.6 billion, or$12.30 per share — up 94% year-over-year — on revenue of $39.2 billion, crushing the Street’s consensus. Analysts were expecting earnings of $10.06 per share on $36.81 billion in sales. Read on for more. More →
HTC on Tuesday forecast lower revenue for the second quarter this year, trimming its profit margin guidance at the same time. The struggling Taiwan-based vendor sees revenue falling 16% from the second quarter last year to NT$105 billion, and gross profit margin is expected to slide to 27% from 28.8% during the same period a year earlier. HTC’s anticipated second-quarter revenue represents a 55% improvement over the first quarter of 2012, which saw HTC’s net profit decline sharply to its lowest point since 2006. The vendor’s new One-series smartphones recently began rolling out internationally, and both AT&T and T-Mobile will launch new HTC handsets in the coming weeks. BGR reviewed the HTC One S last week and called it the best smartphone ever to come to T-Mobile, but HTC has its work cut out for it — Apple’s iPhone 4S remains the best-selling smartphone in the world and Samsung will unveil its next-generation flagship Galaxy phone next week, just three days after HTC’s One X goes on sale at AT&T.
AT&T on Tuesday reported its results for the first quarter of 2012. Following a record holiday quarter that saw the nation’s No.2 carrier pull in $0.42 per share excluding one-time charges on sales of $32.5 billion, analysts were expecting first-quarter EPS of $0.57 on revenue totaling $31.85 billion. The company beat expectations, posting a profit of $0.60 per share on in-line sales of $31.8 billion. AT&T activated 3.6 million iPhones during the first quarter last year, and that number climbed to 4.3 million in the first quarter of 2012, down seasonally from a record 7.6 million during the holiday quarter. Total smartphone sales for the first quarter this year came in at 5.5 million, in line with the 5.5 million smartphones it sold in the first quarter of 2011, though AT&T says that its first-quarter smartphone sales set a new record this year. The carrier added 726,000 net subscribers last quarter as its total subscriber count reached 103.9 million, up from 103.2 million in the December quarter. AT&T’s stock is trading up 0.5% ahead of the bell. The company’s full press release follows below. More →
Netflix posted its financial results for the first quarter of 2012 after the bell on Monday. The company reported a loss of $0.08 per share, or$5 million, on $870 million in revenue, beating analysts’ consensus. Netflix posted a profit of $1.11 per share on $719 million in revenue in the first quarter last year, and Wall Street was expecting a loss of $0.27 per share on $866 million in sales this past quarter. All eyes were on Netflix’s subscriber additions this quarter, and the company said it added nearly 3 million streaming customers in the first quarter, including 1.21 million international streaming subscribers. The company shed more than one million DVD rental subscribers in the U.S. after losing 2.76 million DVD subscribers in the fourth quarter. Netflix’s global streaming subscriber count now sits at more than 26 million, up from 24.4 million at the end of the fourth quarter. In the second quarter, Netflix expects a net loss of between $6 million and $8 million as domestic streaming subscriber totals reach between 23.6 million and 24.2 million, below the Street’s estimates of 24.5 million. Shares of Netflix stock tumbled nearly 15% in after-hours trading on Monday following the release of the company’s earnings report. More →
Following the huge loss reported by major mobile partner Nokia, Microsoft posted its fiscal third-quarter results on Thursday following the close of the market. Wall Street was expecting the software giant’s earnings to slide 7% year-over-year to $0.57 per share on sales of $17.18 billion, up 5% from the same quarter in 2011. Microsoft reported earnings of $0.60 per share, beating estimates, and revenue came in at $17.41 billion. Operating income totaled $6.37 billion, up 12% year-over-year. Read on for more. More →