HTC is getting the job done. The company reported Q1 earnings this morning, and the Taiwanese handset maker saw staggering growth in nearly all metrics. During the first-quarter of 2011, the company shipped 9.7 million units, a 192% increase from the same quarter last year and a 6% increase from the previous holiday quarter. The company also posted revenues of NT$104.16 billion, up 174% year-over-year and 0.1% quarter-over-quarter. Gross profits and total assets also jumped 162.2% and 75.1% respectively year-over-year. Not a bad little quarter for HTC. The company expects shipments to be between 11 million and 11.5 million units in Q2, which would represent a 100+% increase year-over-year. More →
The mobile phone market grew almost 20% year-over-year during the first quarter of 2011, IDC has stated. The reason? Smartphones, smartphones, and more smartphones. The firm reports that worldwide smartphone growth was particularly fast in the Asia/Pacific region, as well as in the Middle East, Africa, and Latin America. As far as hard numbers, it’s stated that 371.8 million units were shipped in the first quarter of this year, contrasting with 310.5 million units in the first quarter of last year. Nokia remains the world’s largest mobile handset maker, however, the company’s market share dropped over 5% YoY. Apple maintained the number four spot while also posting the highest rate of growth amongst the top 5 worldwide leaders, with over 5% of the market share and 114.9% growth year-over-year. White iPhones not included. More →
Earlier today, Acer posted its earnings report from Q1 of 2011. The company saw after-tax earnings per share hit an eight year low of NT$0.45 as PC shipments declined. Acer accrued NT$1.93 billion in operating net income, which was down nearly 56% quarter-over-quarter. The company does expect its operating profit margin to remain flat year-over-year, but industry analysts are forecasting a 1% to 2% decline. More →
In a note to investors, RBC Capital Markets Managing Director Mike Abramsky echoed a notice from Research In Motion that cut the company’s quarterly outlook citing lower than expected smartphone sales. RIM now expects Q1 revenue “slightly below” original guidance due to pullback in shipments of smartphones and a lower average selling price. Shares of Research In Motion are down over 10% in after hours trading. We exclusively reported that RIM might only announce one handset at the company’s BlackBerry World conference next week, as opposed to most of their upcoming product lineup.
In the company’s first-quarter earnings disclosure, Motorola Mobility finally put a number on XOOM tablet shipments: 250,000. “The Company shipped a total of 9.3 million mobile devices, including 4.1 million smartphones and more than 250,000 Motorola XOOM tablets,” reads the report. “In the first quarter of 2010, the Company shipped 8.5 million mobile devices, including 2.3 million smartphones.” Motorola Mobility also posted $3 billion in net revenues, up 22% year-over-year, with mobile device revenues of $2.1 billion, up 30% year-over-year. The company did post a GAAP net loss of $0.27 per share, however, which was down from a $0.72 share loss in the first-quarter of 2010. Motorola’s complete earnings statement is after the break. More →
According to a new report issued by Canalys today, the global PC market grew 7% during the first quarter of this year – largely fueled by tablets. There were 88.6 million PC shipments during the quarter, up from 82.8 million during the same quarter last year. HP had a 66% share of the shipments, followed by Acer (12.8%), Dell (11.3%), Apple (9.5%), Lenovo (9.2%), and others (40.6%). “Apple set the standard in the pad market, mainly at the expense of notebook and netbook shipments, as pads competed for a share of consumer IT spend,” Canalys said, noting that Apple’s iPad products accounted for 74% of the 6.4 million tablets shipped globally in Q1. “The [tablet] represents a real threat to PC and consumer electronics vendors, as it is capable of replacing devices in a range of other categories,” Tim Coulling, a Canalys analyst, said. Hit the jump for the full release. More →
Moments ago, Sprint released its earnings report card for the first quarter of 2011, and things are definitely improving. The company saw its largest increase in wireless customers in the last five years, adding 1.1 million subscribers across all Sprint brands — prepaid net additions totaled 846,000 lines and postpaid adds totaled 310,000 lines. The company also saw a spike in revenue and ARPU. Sprint posted revenues of $8.3 billion, up 3% year-over-year, and ARPU jump $1 year-over-year to $56. The company also noted its postpaid churn rate or 1.81 — down from 2.54 one year ago. The nation’s third largest carrier still posted a $439 million loss — a diluted loss per share of $0.15 — so you can’t really call the quarter a success. “We’ve added two million wireless subscribers over the past two quarters,” said company CEO, Dan Hesse. “In spite of Verizon’s iPhone launch and aggressive competitive responses to it, our simple and unlimited plans, 4G leadership, strong customer service, and successful multi-brand strategy drove solid Sprint performance for the quarter.” The link to Sprint’s full earnings statement is after the break. More →
Netflix released its fiscal first quarter 2011 earnings on Monday and, thanks to record amounts spent on marketing, the firm reported an increase in net customer additions and a spike in revenues. The video subscription service added 3.3 million domestic net customers during the quarter, a 94% increase year-over-year — that service now serves 23.6 million subscribers globally. Netflix reported revenues of $719 million, up 46% year-over-year, and a net income of $60 million, an 88% jump from the same period a year ago. The company said noted that it expects DVD shipments to decline and spending on streaming content to “increase substantially” in the second quarter and beyond. Hit the jump for Netflix’s letter to shareholders. More →
Wall Street analysts are beginning to reevaluate their yearly iPad forecasts for Apple, Inc. Previous prognostications from the financial sector had the Cupertino-based company selling somewhere between 40 million and 50 million iPads during 2011. After Apple’s Q1 earnings call last week — where the company sold far fewer iPads than expected — the aforementioned analysts have started to reevaluate their estimates. “They are going to have comparison issues on the growth side,” said Michael Walker, a portfolio manager at WP Stewart speaking to Reuters. “They can’t grow 83 percent forever. There’s no way.” Firm Merrill Lynch is expecting Apple to sell just north of 26 million iPads during 2011, while IHS Suppli is expecting the company to move 39.6 million tablets during the same time period. More →
Strategy Analytics has published a report stating that Apple, Inc. has overtaken Nokia as the world’s largest handset vendor. “We estimate Apple’s wholesale revenues for its iPhone handset division stood at $11.9 billion in the first quarter of 2011,” said Alex Spektor, a Senior Analyst at the analytics firm. “Apple overtook Nokia for the first time, which recorded a lower $9.4 billion of wholesale handset revenues.” The report is determining the largest vendor by revenue earned during the first three months of 2011 — as opposed to market capitalization, handsets in market, or employee numbers. “Nokia remains the world’s biggest handset maker in terms of shipments,” the brief continues. “Nokia said mobile device shipments rose 1% in the first quarter to 108.5 million, while Apple said it had sold 18.6 million iPhones over the same period.” The Boston-based firm writes that it “expects the number of phones sold with Android to overtake those with Apple’s system by late 2011” — although this cumulative figure would not, in all likelihood, put a single Android handset manufacture ahead of the iDevice maker in terms of revenue. Strategic Analytics also hypothesizes that Nokia’s partnership with Microsoft could catapult it back to the top revenue spot in subsequent quarters. More →
In the company’s earnings report on Thursday, Verizon Wireless revealed that it activated 2.2 million iPhone 4 units in the first quarter of 2011. While AT&T reported earlier this week that it activated 3.6 million iPhones in the March quarter — 64% more than Verizon Wireless — the story doesn’t end there. AT&T’s loss of iPhone exclusivity might not have had the immediate dramatic impact some analysts predicted, but Verizon did manage to achieve a milestone right out of the gate: the nation’s top carrier activated iPhones at a much faster pace in the first quarter of 2011 than rival AT&T. While AT&T activated plenty more units, those activations were spread over the full 13 weeks of the March quarter. Verizon Wireless released the iPhone 4 just seven weeks ago on February 10th. As such, AT&T activated iPhones at a rate of 277,000 per week while Verizon Wireless was activating an average of roughly 314,000 units each week. The device was brand new for Verizon, of course, and pent up demand for the iPhone lead to the strongest pre-orders in the carrier’s history. AT&T also included the $49 iPhone 3GS activations in its total, however, so the numbers were bolstered on both sides.
Nokia on Thursday reported earnings for the first quarter of 2011, which saw the Finnish giant’s smartphone market share dip below 30% for the first time in over a decade. Nokia shipped 24.2 million smartphones in the quarter, which is up a respectable 13% over the same quarter last year. But the market outgrew Nokia by a significant margin, leaving the company’s share of global smartphone shipments at 26% for the quarter. Nokia’s revenue grew by 9% to €10.4 billion sequentially, but operating profit dipped 14% from last quarter to €704 million — a 35% decline compared to the first quarter last year. Nokia’s short-term outlook isn’t great: “Following a solid first quarter, we expect a more challenging second quarter,” said Nokia CEO Stephen Elop in a statement. “However, we are encouraged by our roadmap of mobile phones and Symbian smartphones, which we will ship through the balance of the year. We are fully focused on delivering the needed accountability, speed and results to positively drive our future financial performance.” Nokia announced that it has entered into a definitive agreement with Microsoft ahead of schedule, but this statement might lead us to believe that agreement won’t bear any fruit in 2011. Hit the break for the full press release. More →
The first-quarter financial figures for Verizon Wireless were not all that surprising. The nation’s largest wireless carrier was widely expected to post strong quarterly results, and it did. Verizon Wireless saw its churn rate fall year-over-year to 1.01 for postpaid customers and 1.33 overall. The company’s data revenues were up 22.3% from the same period last year, fueled by 1.8 million net additions, 2.2 million new iPhone activations, 260,000 HTC ThunderBolt activations, and 32% of retail postpaid customers using smartphones. Verizon Wireless now has 104 million total connections on its network, which represents a 6.1% increase year-over-year. If you are interested in reading the entire Verizon Communications release, it is waiting for you after the break.
Update: Although not included in the Q1 press release, the company’s conference call presentation indicates that 2.2 million iPhone 4s were activated during the three month period. Title updated to reflect this new information. More →