iPad 2 to ship from Foxconn in February

By on December 7, 2010 at 8:49 AM.

iPad 2 to ship from Foxconn in February

A new report Tuesday morning suggests Apple has notified Foxconn, its next-generation iPad manufacturer, that initial shipments will commence in the next 100 days. The unconfirmed report originates from China’s industry watchdog, DigiTimes, and suggests that initial shipments will be in the 400,000 to 600,000 range. Those numbers seem quite low for the sequel to a device that is selling as well the iPad — Apple sold 300,000 iPads on its first day of availability and it reached the 1 million mark in 28 days. The company is currently selling over 1 million units each month. If DigiTimes’ report is accurate, we could see a large second shipment shortly after the first one, with Foxconn’s new plants in Chengdu possibly ramping up volume following the initial production runs in Shenzhen. Apple’s iPad 2 is expected to feature a thinner case, a Retina Display, a gyroscope and FaceTime support. More →

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Dell sees profits increase 52%, analysts still unhappy

By on May 20, 2010 at 5:38 PM.

Dell sees profits increase 52%, analysts still unhappy

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Dell, the third-largest PC maker in the world, showed strong growth in Q1 of 2010 as profits totaled $441 million — or $0.22 per share — up 52% from a year ago. Revenue climbed 21% (to $14.9 billion) from the previous quarter thanks to a 21.4% increase in PC shipments; a spike which Dell attributed to, “the early stages of a corporate IT refresh.” Dell also saw a boost from server and network revenue (up 39% to $1.8 billion), mobility revenue (up 18% to $4.6 billion), and desktops sales (up 13% to $3.6 billion). Even with all this this great news Dell’s stock price dropped 5.2% in after hours trading as both the earnings per share figure and gross margin figure fell short of The Street’s expectations. More →

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Despite modest gains T-Mobile USA sheds 77,000 customers in Q1

By on May 12, 2010 at 9:18 AM.

Despite modest gains T-Mobile USA sheds 77,000 customers in Q1

t-mobile_logoThe Q1 2010 numbers for T-Mobile USA are in, and they look… well, just okay. Let’s get the bad stuff out of the way first, shall we? T-Mo lost 77,000 customers in Q1 of 2010 — which looks pretty dismal when compared to the 415,000 net gain of Q1 2009 — bringing their total customer base to 33.7 million. There, that wasn’t so hard… like ripping off a Band-Aid. All of T-Mobile’s other vitals seemed to move in the right direction: ARPU is $10.90 up 16% YoY, operating income before depreciation and amortization (OIBDA) rose from $1.38 billion to $1.39 billion YoY, and the OIBDA margin rose 1% from 29% in Q1 ’09 to 30% in Q1 ’10. Net income rose $40 million to $362 million, up from $322 million in the first quarter of 2009. T-Mo also noted that 5.7 million users are now using 3G capable smartphones, compared to just 1.6 million people in Q1 ’09. Here is what the company had to say about their performance:

René Obermann, Chief Executive Officer, Deutsche Telekom, said, “T-Mobile USA achieved a slightly higher margin and strong data ARPU, despite a challenging and highly competitive business environment.  In addition, the strong growth in customers with 3G smartphones, plus expanding the HSPA+ network and pipeline of innovative offerings, positions T-Mobile USA to capture the data opportunity in the United States.”

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Sprint announces Q1 results, sheds 75,000 additional customers

By on April 28, 2010 at 2:20 PM.

Sprint announces Q1 results, sheds 75,000 additional customers

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The results for Q1 2010 are in for the #3 wireless carrier in the U.S., and the results are more of the same. Sprint shed 75,000 additional customers and posted operating revenues of $8.1 billion, a $865 million loss. The company’s churn rate was at 2.15%, an improvement from Q1 2009 (2.25%), but slightly up from Q4 2009 (2.09%). Average revenue per user, or ARPU, stayed the same at $55 but was down $1 YoY. Sprint CEO, Dan Hesse, had the following to say after the company’s earnings announcement, “…results, including increased net operating revenues and significant year-over-year net post-paid subscriber improvements show we continue to make progress in improving the business.” What’s the consensus? Anyone going to switch over to Sprint for the EVO 4G and help Sprint lower that churn rate? More →

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Verizon posts its Q1 results

By on April 22, 2010 at 5:01 PM.

Verizon posts its Q1 results

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Yesterday, AT&T had its say by announcing its Q1 2010 results, so it is only fitting today is Verizon’s turn. Unfortunately for Big Red, it didn’t fare as well as Ma Bell. Over the past three months, 423,000 new post-paid customers put ink to a contract. Overall, Verizon gained 1.5 million net customers to bring its overall total to 92.8 million. Postpaid churn matched AT&T’s 1.07%, while the overall rate was 1.4%. ARPU overall remained unchanged from Q1 2009 at $50.95 thanks in part to a 19.6% gain in data ARPU to $17.06 which helped offset the lower ARPU for traditional voice services. Revenue as a whole was up 4.4% to $15.8 billion. Service revenues were only slightly up, but once again, retail data proved to be a proficient money-maker increasing 25.6% to $4.5 billion. More →

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AT&T's wireless division posts solid gains in Q1

By on April 21, 2010 at 11:23 AM.

AT&T's wireless division posts solid gains in Q1

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For all that’s been said in the past year about the poor performance of AT&T’s network, it seems the average person simply doesn’t care, as AT&T just announced its Q1 2010 results and — surprise! — the wireless division fared very well. Here are the key takeaways. AT&T gained 1.9 million subscribers (a Q1 record) and now has 87 million souls subscribers. Wireless service revenue was up 10.3% from the same time last year at $12.8 billion while wireless data revenue, which totalled $4.1 billion, was up 29.8% from Q1 2009. Post-paid ARPU increased to $61.89 while data ARPU moved up $20.13. Post-paid churn fell to a record low of 1.07% while the overall churn rate decreased to 1.30%. All in all, 2.7 million iPhones were activated (1/3 of them to new AT&T customers) alongside 3.3 million “3G integrated devices” (ie. touchscreen or QWERTY). Integrated devices are now in the hands of roughly half of AT&T’s 65.1 million post-paid customers and have an ARPU 1.7 times higher than other customers.

Think AT&T will be able to keep up the pace? More →

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Google posts strong Q1 earnings

By on April 16, 2010 at 11:01 AM.

Google posts strong Q1 earnings

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Yesterday, Google announced strong earnings for the first quarter of 2010, as the search company generated $6.77 billion in revenue — a 23% increase year-over-year. Just under $4.5 billion of that sum came from Google-owned websites, while a staggering $2.04 billion came from Google’s AdSense platform. The company’s acquisition war chest is also in great shape, as Google boasted, “as of March 31, 2010, cash, cash equivalents, and short-term marketable securities were $26.5 billion.” Before hanging up with investors, Google execs also noted that there are now over 38,000 applications in the Android Market and over 30 Android handset variations worldwide. With momentum like that, we expect to see Android get its own bullet point on next year’s earnings announcement highlights. Full report is all ready to go below if you’re inclined.  More →

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Sony Ericsson posts its first profitable quarter since 2008

By on April 16, 2010 at 9:38 AM.

Sony Ericsson posts its first profitable quarter since 2008

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Troubled phone maker Sony Ericsson had a nice surprise for its investors this morning, as it announced that Q1 2010 was its first profitable quarter in just under two years. While the company shipped 4.1 million fewer handsets than in Q4 2009, it did manage to make gains where it ultimately counts, posting an income of 21€ million ($28.415 million USD) while increasing the average selling price of each handset 12% to 134€ ($181 USD). See, Sony Ericsson? Shipping products without major bugs and laying off excess labor does help the bottom line. Now all you have to do is make a smartphone people actually desire with an up-to-date OS and maybe you’ll be able to move past your crummy 4% marketshare.
More →

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HTC Q1 profits up 19% year-over-year

By on April 6, 2010 at 3:40 PM.

HTC Q1 profits up 19% year-over-year

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Today, HTC reported its 2010 Q1 earnings, and the vitals from the mobile handset giant all seem to be positive. Q1 revenues jumped 19% from Q1 of last year to $1.2 billion, with a net profit of $158 million and earnings per share at $0.20. The positive numbers prompted investment firm Morgan Stanley to raise HTC’s stock price target and firm Goldman Sachs to renew its “buy” rating on the stock. Revenue was down 8% from Q4 of last year, however that isn’t out of the ordinary as Q4 includes the holiday buying season. Anyone out there have plans to pick up a new HTC phone soon?  Incredible? EVO? Bueller? More →

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Palm announces Q1 2010 results

By on September 17, 2009 at 6:17 PM.

Palm announces Q1 2010 results

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Palm today announced its Q1 results for the fiscal year 2010. The struggling handset maker moved 823,000 devices in Q1, the bulk of which Palm claims to have been Pre handsets. Unbelievably, the company still managed to avoid giving any firm numbers with regards to Pre sales, meaning it’s now extremely safe to say they fell well short of meeting expectations. Total revenue was $68mm compared to $368mm in Q1 2009, and gross profit was $2.8mm in the red. It gets worse, unfortunately. You see, accountants have this thing called GAAP, and it does a much better job of showing the financial health of a company compared to other methods. When you apply GAAP to Palm’s Q1, you’re left with a net loss of $164.5mm compared to the $41.9mm loss posted in Q1 of 2009. Long story short: we’re not out of the woods just yet, Palm fans.

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RIM's profits rose to $643mm, shipped 7.8mm devices last quarter

By on June 19, 2009 at 7:53 AM.

RIM's profits rose to $643mm, shipped 7.8mm devices last quarter

Let’s face it, folks — RIM is on a tear and its Q1 2010 results are proof positive of this fact. While a tax drop might have helped propel the company’s quarterly profit to a record high of $643 million, the fact remains that things are pretty much going better than ever — especially considering the global recession. 7.8 million devices were shipped and 3.8 million new BlackBerry owners were added, although the latter is down approximately 100,000 from the previous quarter. As for the immediate future, don’t expect RIM to lose momentum any time soon. Devices like the Storm 2 will surely help add to its 28.5 million userbase worldwide — and let us not forget about the highly anticipated Tour 9630 that’s all set for a summer release.

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