ThunderBolt outsells iPhone 4 at Verizon, firm claims

By on April 20, 2011 at 3:42 PM.

ThunderBolt outsells iPhone 4 at Verizon, firm claims

AT&T on Wednesday reported impressive first-quarter iPhone activations that hardly seemed affected by the carrier’s recent loss of iPhone exclusivity. Now, investment research firm ITG is suggesting Verizon Wireless’ iPhone 4 might not even be the carrier’s top seller anymore. As reported by the New York Post, ITG claims that the 4G LTE-capable HTC ThunderBolt overtook the iPhone last month to become Verizon’s No. 1 smartphone. The Post did not report March sales figures for the ThunderBolt or the iPhone, though it did say Verizon had only sold a total of 2 million iPhone 4 units through the end of March. Apple is scheduled to report its second-quarter earnings on Wednesday, and analysts are expecting iPhone sales to total 16-17 million units. More →

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AT&T reports Q1 earnings; iPhone activations up by 1 million in spite of Verizon iPhone launch

By on April 20, 2011 at 8:28 AM.

AT&T reports Q1 earnings; iPhone activations up by 1 million in spite of Verizon iPhone launch

AT&T on Wednesday reported its earnings for the first quarter of 2011. The report is highlighted by impressive iPhone activations that were up by almost 1 million units year-over-year to 3.6 million. Many analysts believed Verizon Wireless’ launch of the iPhone 4 in early February would have a tremendous impact on AT&T’s iPhone business, but the effects were far less significant than expected. First-quarter revenue came in at $31.2 billion, up 2.3% over the same quarter last year, but operating income dropped from $6 billion in the first quarter of 2010 to $5.8 billion in the first quarter this year. The carrier added 2 million wireless subscribers in the first quarter of 2011 for a total of 97.5 million as of the end of March. Thanks in large part to the iPhone 4, AT&T also sold a record 5.5 million smartphones in the quarter. Smartphone users now combine to comprise 46.2% of AT&T’s postpaid subscriber base, which played a large role in pushing wireless revenue up 10.2% over the first quarter in 2010 to $15.3 billion. Wireless data revenue was up by $1 billion in the quarter, and branded computing subscribers — a category that includes tablet, aircard and other data-only product users — were up about 100% over the same quarter last year to 3.4 million. AT&T only sold 322,000 tablets in the quarter, roughly 258,000 of which were booked as prepaid, further supporting the notion that first-quarter iPad sales were far less impressive than analysts had expected. Hit the jump for the full release. More →

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Sony Ericsson reports Q1 2011 results; profit cut in half on slow sales

By on April 19, 2011 at 10:36 PM.

Sony Ericsson reports Q1 2011 results; profit cut in half on slow sales

Sony Ericsson on Tuesday reported its earnings for the first quarter of 2011, during which profit fell sharply on slowed device shipments. While smartphones made up twice the number of total device sales compared to the same quarter in 2010, Sony Ericsson still only managed to ship 8.1 million devices — compared to 10.5 million in the first quarter last year. The average selling price of the company’s devices grew to €141 from €134 in the same quarter last year, but profit dropped 48% year-over-year to €11 million. Sony Ericsson did note that the earthquakes in Japan caused some disruption in its supply chain, but we’re not sure the cell phone maker was on track for a solid quarter either way. Hit the break for the full press release. More →

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Google posts 27% increase in revenues; Q1 earnings slightly miss mark

By on April 14, 2011 at 5:30 PM.

Google posts 27% increase in revenues; Q1 earnings slightly miss mark

Internet juggernaut Google has released its financial results from the first-quarter of 2011, and things are looking pretty good. The company posted revenues of $8.58 billion during the quarter — which represents a 27% increase year-over-year — with $5.88 billion of that figure being generated by Google-owned websites. The company failed to meet Wall Street’s earning expectations, however, coming in $0.03 shy of the predicted $8.11 earnings per share. “These results demonstrate the value of search and search ads to our users and customers, as well as the extraordinary potential of areas like display and mobile,” said Patrick Pichette, the company’s CFO. “It’s clear that our past investments have been crucial to our success today–which is why we continue to invest for the long term.” said Patrick Pichette, the company’s CFO. The company’s stock was trading down nearly 5% in after-hours trading at time of article writing. The full Q1 report is after the break. More →

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iPad causes U.S. PC market to dive; Apple, Toshiba only winners

By on April 14, 2011 at 10:31 AM.

iPad causes U.S. PC market to dive; Apple, Toshiba only winners

Apple’s iPad has left the traditional PC market in a state of flux and in a painful bit of irony for Apple’s competition, the Cupertino company is also one of the few manufacturers whose traditional PC business managed to grow last quarter. Research firm IDC released its first-quarter figures on Wednesday and detailed bleak times for the bulk of PC makers in the U.S. and globally. Stateside, Apple and Toshiba were the only companies with significant market shares whose shipments grew year-over-year; Apple’s shipments climbed 9.6% to 1.375 million units and Toshiba shipped 1.663 million units for a 10.4% increase. Overall however, the market was down 10.7%, with Dell and Acer having recorded the biggest loses. Dell’s shipments declined 11.8% while Acer’s U.S. PC shipments slid a massive 42.1% year-over-year, from 2.298 million units in the first quarter of 2010 to 1.331 million in the same quarter this year. Globally, Lenovo was the biggest winner as its shipments grew an impressive 16.3% to 8.172 million units. Acer was again the biggest loser, with total shipments dropping 15.8% from 10.733 million units in the first quarter last year to 9.039 million units in the first quarter of 2011. Hit the jump for IDC’s full press release. More →

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HTC Q1 profit triples on demand for Android phones

By on April 8, 2011 at 8:00 AM.

HTC Q1 profit triples on demand for Android phones

HTC on Friday reported first-quarter 2011 earnings highlighted by profit that handily beat analysts’ estimates. Tremendous demand for the company’s popular Android smartphones such as the EVO 4G and ThunderBolt helped HTC record a first-quarter profit of NT$14.83 billion ($511 million) compared to analyst expectations of NT$12.99 billion. HTC said its first-quarter revenue grew 174% to NT$104.2 billion, and analysts believe continued strong demand for Android devices will help HTC’s revenue grow up to 20% in the second quarter of this year. BGR on Thursday reported that HTC’s market capitalization, which recently surpassed that of Finnish phone giant Nokia, is expected to surpass NT$1 trillion this year, making HTC only the third company on the Taiwan Stock Exchange to reach the milestone. Share of HTC stock closed down 3.33% on Friday.

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Foxconn owner’s revenue up 26% in February thanks to iPad 2, Kinect

By on March 16, 2011 at 10:59 AM.

Foxconn owner’s revenue up 26% in February thanks to iPad 2, Kinect

Strong demand in the U.S. means strong revenue in Taiwan, and Hon Hai Precision Industry Co., Ltd., parent company of notorious manufacturer Foxconn, saw revenue continue to climb in February. Hon Hai pulled in NT$152.9 billion (almost $5.2 billion) in the shortest month of the year, Taiwan Economic News reports, up 25.9% over the same month in 2010. Over the first two months of 2011, Hon Hai’s revenues sit at NT$339.1 billion ($11.5 billion), a 31.5% increase over January and February 2010. Growth has slowed, however, as outlined in an earlier report. The company is continuing to increase revenues despite skyrocketing labor and material costs, however, and the growth is attributed to high demand for popular gadgets like Apple’s iPad 2 — which is currently sold out across the country — as well as the original iPad and Microsoft’s motion-based Xbox 360 controller, the Kinect. Sales of the Microsoft Kinect sensor recently passed the 10 million mark, making it the fastest-selling consumer electronics device of all time. More →

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Apple may ship 6.5 million iPads in Q1, 40 million in 2011

By on March 2, 2011 at 12:25 PM.

Apple may ship 6.5 million iPads in Q1, 40 million in 2011

Citing sources from within Apple’s supply chain, DigiTimes reports that the tablet titan plans to ship between 6 and 6.5 million iPad tablets in the first quarter of 2011. Apple is also aiming for shipment totals to hit 40 million units for the full year, the report adds. The first-quarter shipment total supposedly includes both iPad and iPad 2 shipments, which further supports rumors that Apple plans to release its second-generation iPad before the end of March. DigiTimes also says Apple has between 300,000 and 400,000 iPad 2 units baked in its initial batch, which could lead to shortages unless Apple’s suppliers manage to ship a second run ahead of the tablet’s imminent release. Apple shipped 7.3 million iPad units in its last fiscal quarter, which ended on December 25, 2010. More →

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HP reports Q1 2011 earnings, lowers full-year guidance

By on February 22, 2011 at 10:03 PM.

HP reports Q1 2011 earnings, lowers full-year guidance

Hewlett-Packard on Tuesday reported its earnings for the first quarter of the company’s 2011 fiscal year, which ended on January 31st. Revenue missed Wall Street’s expectations slightly, coming in at $32.3 billion versus the Street’s projected revenue of between $32.75 and $33.59 billion. Earnings per share was up an impressive 26% year-over-year to $1.17, but it still missed the Street’s expectation of between $1.26 and $1.32 per share. Cash flow from operations was up 28% year-over-year, however, and profit was up 16% to $2.6 billion. “I’m pleased with our EPS and margin expansion during the quarter. Going forward, we have the opportunity to further capitalize on our customers’ demands for higher value-added solutions,” said HP’s CEO Léo Apotheker in a statement. “HP has a powerful portfolio, including exciting, recently announced cloud and connectivity offerings. We are focused on leveraging these strengths to extend our leadership and accelerate growth.” HP lowered its full-year revenue forecast from between $131.5 and $133.5 billion to between $130 and $131.5 billion. Hit the break for HP’s full press release. More →

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RBC: Verizon to sell over 1 million iPhones in first week, 3-4 million in Q1

By on February 9, 2011 at 10:45 AM.

RBC: Verizon to sell over 1 million iPhones in first week, 3-4 million in Q1

In a note to investors on Tuesday, RBC Capital Markets General Manager Mike Abramsky issued the firm’s estimates for sales of Verizon Wireless’ iPhone 4 during its first week and first quarter of availability. Best on the firm’s pre-order estimates, RBC believes that first-week sales of Verizon’s iPhone 4, which goes on sale tomorrow, will surpass 1 million units. Channel inventory at launch is estimated to be between 1 and 1.5 million units, and Abramsky thinks the entire inventory may be depleted during the phone’s first week of availability. RBC also projects that between 3 and 4 million Verizon iPhone 4 units will be sold during the first quarter of 2011. Finally, RBC notes that its previous estimates of between 9 and 10 million Verizon iPhones being sold during the 2011 calendar year may be conservative. Verizon Wireless took pre-orders from existing subscribers on February 3rd and stated that the highly anticipated smartphone broke its previous first-day sales record in less than two hours. Pre-sales were available for a total of 17 hours and analyst estimates for total pre-sales on February 3rd are as high as 500,000 units.

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Full transcript of Apple’s Q1 earnings call now available

By on January 19, 2011 at 9:01 AM.

Full transcript of Apple’s Q1 earnings call now available

Apple reported its earnings for the first quarter of its 2011 fiscal year last night, posting revenue of nearly $27 billion on record sales. But as is often the case, much of the juicy stuff came from the question and answer session following the call, where analysts try their best to delve into areas not covered by Apple’s report or its press release. Apple fans who weren’t privy to the topics covered in the Q&A session will be happy to know that market watcher Seeking Alpha has issued a full transcription of the call from start to finish. Analysts didn’t manage to get any state secrets out of the crew from Cupertino, of course, but there were a few peaks among the valleys. Speaking of valleys, Piper Jaffray analyst Gene Munster even managed to work in a subtle question about Apple CEO Steve Jobs’ leave, wondering just how prepared the company is right now for the long haul. Spoiler alert: COO Tim Cook’s response was that Apple is magic. Seriously. Hit the read link for the full transcript. More →

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Apple posts record Q1 results; 16.2 million iPhones, 7.3 million iPads, $26.7 billion in revenue

By on January 18, 2011 at 4:46 PM.

Apple posts record Q1 results; 16.2 million iPhones, 7.3 million iPads, $26.7 billion in revenue

Moments ago, Apple announced its fiscal year 2011 Q1 earnings. The Cupertino based technology firm sold a record 16.24 million iPhones, 7.33 million iPads, 4.13 million Macs, and 19.45 million iPods. Apple also reported a healthy $26.74 billion in revenue for the quarter with $6.43 in earnings per diluted share.

“We couldn’t be happier with the performance of our business, generating $9.8 billion in cash flow from operations during the December quarter,” said Apple CFO Peter Oppenheimer. “Looking ahead to the second fiscal quarter of 2011, we expect revenue of about $22 billion and we expect diluted earnings per share of about $4.90.”

The aforementioned figures handily exceed Wall Street’s expectations. Hit the jump to see the full earnings announcement.
More →

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Wi-Fi only Samsung Galaxy Tab coming to the U.S. in Q1

By on January 5, 2011 at 5:22 PM.

Wi-Fi only Samsung Galaxy Tab coming to the U.S. in Q1

Samsung has just made the inevitable a reality. At the company’s CES keynote, Sammy announced that the Samsung Galaxy Tab, the very same tablet available from wireless carriers the world over, will be available in a Wi-Fi only variant in the U.S. in Q1. Not really a heck of a lot else to report. Same specs, same device, sans cellular radio. No word on the one thing we’re all interested in: price. Hit the jump for the full press release. More →

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