Seagate says hard drive shortage will continue through this year

By on February 1, 2012 at 1:55 PM.

Seagate says hard drive shortage will continue through this year

Seagate said in its recent fiscal second-quarter earnings report that it expects the flooding in Thailand to result in a continued hard drive shortage throughout 2012. The company originally reported issues after flooding affected its factories in October, 2011. In addition, analysts have suggested that the floods could increase laptop and desktop PC prices, and hurt overall sales for major computer vendors. Seagate said that it shipped 47 million hard drives during the second fiscal quarter of 2012, which was down just 4% from the same quarter last year. The company confirmed in its earning statement that it has already secured long-term deals to make sure prices don’t inflate further.  More →

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Microsoft reports record revenue in Q2, beats EPS estimates; Windows division declines

By on January 19, 2012 at 4:33 PM.

Microsoft reports record revenue in Q2, beats EPS estimates; Windows division declines

Microsoft reported its earnings for the quarter ended December 31st, 2011 Thursday and noted record revenue for its second fiscal quarter. Revenue of $20.89 billion was up 5% from the same period last year. “We delivered solid financial results, even as we prepare for a launch year that will accelerate many of our key products and services,” said Steve Ballmer, chief executive officer at Microsoft. “Coming out of the Consumer Electronics Show, we’re seeing very positive reviews for our new phones and PCs, and a strong response to our new Metro style design that will unify consumer experiences across our phones, PCs, tablets, and television in 2012.” Microsoft’s business division reported $6.28 billion in revenue for the quarter, up 3% from the same period last year. Its Server & Tools business recorded $4.77 billion in revenue, up 11% from the same period last year. The Windows and Windows Live Division, however, reported revenue of $4.74 billion, which was down 6% from the same period last year. The company’s profits were recorded at $0.78 per share, beating analyst expectations of $0.76 per share. Microsoft’s full press release follows after the break. More →

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Samsung beats Q3 estimates on strong smartphone sales

By on October 7, 2011 at 5:15 PM.

Samsung beats Q3 estimates on strong smartphone sales

Samsung issued pre-earnings guidance on Friday indicating it will beat profit estimates set by the Street for the third quarter thanks to strong demand for its smartphones. The South Korea-based company said its operating profit for the three month period ending this September will total roughly 4.2 trillion won ($3.6 billion), which bested estimates from a group of 28 analysts who collectively thought Samsung’s profit slide in at 3.7 trillion won. The company still took a big hit compared to the same quarter last year however, when Samsung reported operating profit of 4.86 trillion won. “It seems like there was a big surprise on the smartphone side,” Shinyoung Securities analyst Lee Seung Woo told Bloomberg. “I’m quite amazed.” Lee estimates Samsung has already shipped 30 million smartphones this quarter, half the figure it hopes to sell for the entire year. Samsung’s Galaxy S II handset has been its fastest selling smartphone ever, and models of the device are launching in the United States on AT&T, Sprint and T-Mobile. More →

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Acer reports first quarterly loss in company history as slump continues

By on August 25, 2011 at 2:15 AM.

Acer reports first quarterly loss in company history as slump continues

Acer reported its second-quarter results on Wednesday and revealed its first ever quarterly loss. The company recorded a net loss of NT$6.79 billion, versus Wall Street estimates that the firm would report a NT$3.3 billion loss. The poor performance was blamed on Acer’s focus to clear up “excessive inventory” and on severance payments that were provided to executives who left the firm, Reuters said. In late March, Acer’s CEO Gianfranco Lanci resigned and recent rumors have suggested he will move to Samsung. Acer’s chairman J.T. Wang had originally expected to report positive revenue during the third quarter but he now says it will not be possible for the company to break out of its slump this year. “Today I have to say, trying to break even this year becomes impossible,” Wang said, noting that his company’s restructuring needs more time. Wang recently cut the company’s 2011 tablet forecast to 2.5 million units, down 50% from earlier estimates of 5-7 shipped units, and blamed weak tablet sales on competing devices. Acer founder Stan Shih recently said tablets are a passing “fad,” though we know several research firms that might disagree. More →

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Gartner says smartphone sales grew 74% in Q2

By on August 11, 2011 at 3:35 PM.

Gartner says smartphone sales grew 74% in Q2

Gartner on Thursday issued its global mobile phone sales data for the second quarter, which shows that the industry grew 16.5% from the same quarter last year, to 428.7 million units. Smartphone sales jumped 74% year-on-year, with 107.7 million smartphones having been sold to end users around the world. “Smartphone sales continued to rise at the expense of feature phones,” said Roberta Cozza, principal research analyst at Gartner, in a statement. “Consumers in mature markets are choosing entry-level and midrange Android smartphones over feature phones, partly due to carriers’ and manufacturers’ promotions.” Android was the top smartphone operating system in the second quarter with a market share of 43.4% and unit sales totaling 46.78 million devices, and Symbian’s 23.85 million devices secured it a No. 2 position with 22.1% of the smartphone OS market. Apple’s iOS held 18.2% of the smartphone market last quarter, followed by RIM’s BlackBerry OS at 11.7%, Samsung’s Bada OS at 1.9% and Microsoft mobile platforms at 1.6%. Gartner also said Nokia was the world’s top smartphone vendor in the second quarter, though it did not provide data to support this claim in its press release, which follows below.

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IDC latest to proclaim Apple world's top smartphone vendor

By on August 4, 2011 at 3:30 PM.

IDC latest to proclaim Apple world's top smartphone vendor

Apple was once again reaffirmed as the world’s No. 1 smartphone vendor on Thursday as market research firm IDC released its data for the June quarter. Smartphone shipments in the second quarter of this year totaled 106.6 million according to IDC, up from 64.4 million in the same quarter last year. Of that total, Apple owned 19.1% with 20.34 million smartphones shipped, making it the top vendor by volume and by profit in the quarter. “Apple’s success can be directly attributed to its distribution (more than 200 carriers in more than 200 countries), increased manufacturing capacity, and solid demand within emerging and developed markets from both consumers and business users,” IDC said. “Apple’s emergence as the number one smartphone vendor worldwide comes at a time when former worldwide leader Nokia is in the midst of a major transition. However, Apple has yet to top Nokia’s single-quarter volume record of 28.1 million units. But given Apple’s momentum in the smartphone market, it may not be a question of whether Apple will beat that milestone, but when.” IDC noted that Samsung was the No. 2 smartphone vendor last quarter with 16.2% and Nokia slid to No. 3 globally with 15.7% of the market. Several other market researchers have released estimates placing Apple at the top of the smartphone totem, including Strategy Analytics, which recently said Apple beat out Samsung (19.2 million smartphones shipped) and Nokia (16.7 million) to take the top spot. It noted, however, that Samsung’s 520% growth year-over-year far exceeded Apple’s 140% growth during the same period.

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T-Mobile loses 50,000 subscribers in Q2, reports revenue decline

By on August 4, 2011 at 9:01 AM.

T-Mobile loses 50,000 subscribers in Q2, reports revenue decline

T-Mobile USA reported its second quarter results on Thursday and noted that it lost 50,000 subscribers during the quarter. That’s a drop, but it’s not as bad as the 93,000 customers the carrier lost during the year ago quarter or the 99,000 customers who left during the first quarter. T-Mobile also recorded $5.1 billion in revenue for the second quarter, down from the $5.2 billion it reported during the first quarter and the $5.4 billion in revenue it pulled in during the same quarter last year. Blended churn, which includes both prepaid and contract customers, was 3.3%. That’s down from the 3.4% reported last quarter. “The United States remains a difficult market for Deutsche Telekom, but we see improvements compared to the first quarter of 2011,” René Obermann, CEO of Deutsche Telekom said. “T-Mobile USA will continue its strategy with the extended HSPA+ 42 coverage and continued data growth.” Read on for the full press release. More →

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HTC posts stellar quarter; revenues up 104%, 12.1 million handsets shipped

By on July 29, 2011 at 1:01 PM.

HTC posts stellar quarter; revenues up 104%, 12.1 million handsets shipped

HTC posted impressive second-quarter results on Friday noting that its profit of NT$17.52 billion was up 104% year-over-year and up 19% over the first quarter. The Taiwanese phone maker’s shipment total of 12.1 million devices during the quarter was up 24% year-over-year and 25% quarter-over-quarter. The company also noted that it shipped a total of 21.8 million devices during the first half of the year, a big jump from the 8.7 million it shipped during the first half of 2010. HTC noted that much of its growth came from the Americas, Europe and Asia. The average selling price of an HTC smartphone is currently $349, down from the average price of $359 last quarter thanks to new entry-level handsets. HTC expects its third quarter revenue to jump 10% quarter-over-quarter and 90% year-over-year, and plans to sell “around” 13.5 million handsets. Read on for a link to the PDF of HTC’s second quarter results.
More →

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Motorola Mobility posts solid Q2 earnings, new smartphones and tablets inbound

By on July 28, 2011 at 6:31 PM.

Motorola Mobility posts solid Q2 earnings, new smartphones and tablets inbound

Motorola Mobility on Thursday released its second quarter 2011 earnings and despite recent analyst downgrades, the company recorded a strong quarter. Motorola posted net revenues of $3.3 billion, up 28% from the same time period last year. In addition, mobile device revenues were $2.4 billion, up 41% from the second quarter of 2010. Motorola Mobility shipped a total of 11 million devices, including 4.4 million smartphones and 440,000 units of its XOOM Android tablet. That’s a large improvement over the 8.3 million mobile devices the firm shipped during the year-ago quarter. CEO Sanjay Jha also told CNET in a recent interview that the Verizon Wireless DROID BIONIC will finally launch in September. In addition, Motorola Mobility will introduce two new tablets and two 4G LTE smartphones. One of the tablets will have a 10-inch screen while the other will have a smaller display. “You’ll like the look of the tablet,” Jha said. “The consumer and carrier feedback has been positive. We want to compete. We think we have competitive products in the marketplace, and we’ve got good design wins in the U.S.” Read on for the full press release. More →

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LG revenue hits $13.3B in Q2 on strong TV sales; mobile biz grows, still not profitable

By on July 27, 2011 at 10:20 PM.

LG revenue hits $13.3B in Q2 on strong TV sales; mobile biz grows, still not profitable

LG on Wednesday reported second-quarter earnings that showed notable growth, though the consumer electronics giant still hasn’t found a way to return its mobile business to profitability. The company’s revenue for the quarter reached KRW 14.4 trillion (U.S. $13.3 billion), up 9.3% sequentially. Following two straight quarters of losses, LG reported a net profit of KRW 108 billion (U.S. $99.6 million) in the second quarter thanks to solid TV sales and cost-cutting efforts. The company’s operating income of KRW 158 billion (U.S. $145.8 million) was up 25% from the same quarter last year, and up 21% over the first quarter. LG’s mobile business is still struggling, however; despite improved performance, LG Mobile Communications Company still reported a loss of KRW 54 billion (U.S. $49.8 million) on sales of KRW 3.25 trillion (U.S. $3 billion), up 11.6% compared to the first quarter. The South Korean firm said it expects to see modest year-over-year growth in the third quarter. LG’s full press release follows below. More →

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Verizon Q2 earnings top estimates; CEO will step down

By on July 22, 2011 at 7:45 AM.

Verizon Q2 earnings top estimates; CEO will step down

Verizon Communications on Friday reported second-quarter earnings that topped the Street’s estimates, though it failed to match AT&T’s impressive wireless growth during the quarter. Revenue climbed to $27.5 billion in the June quarter, up 2.8% from the same quarter last year. EPS was up 6 cents sequentially to $0.57, a huge swing from the second quarter in 2010 when Verizon reported a loss of $0.42 per share. In wireless, the carrier netted 2.2 million subscribers — or “total connections,” rather — excluding gains made through acquisitions, and service revenues climbed 6.6% year-over-year. Verizon now reports total connections, which include machine to machine devices and other non-standard subscribers, and its total now sits at 106.3 million. The carrier also said that it activated 2.3 million iPhone 4 handsets in the June quarter. “In terms of earnings growth and the acceleration of revenue growth, this has been one of Verizon’s best quarters since the 2008 economic downturn,” said Verizon Chairman and CEO Ivan Seidenberg in a statement. “We expanded sequential margins in both our wireline and wireless businesses, and in the second half of the year we expect Verizon to build on this strong, positive momentum to continue to drive profitable, sustainable growth.” The company also noted that Ivan Sandberg will step down as CEO, replaced by Lowell McAdam. Sandberg will retail is his as chairman of the board. Verizon’s full press release follows below. More →

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Apple passes Nokia to become world’s top smartphone vendor

By on July 21, 2011 at 10:30 AM.

Apple passes Nokia to become world’s top smartphone vendor

Continued strong sales of Apple’s blockbuster smartphone have propelled the Cupertino-based company into the No. 1 spot globally. As noted by the Financial Times, Apple shipped 20.34 million iPhone handsets last quarter, up from 18.7 million units in the first quarter of 2011. Meanwhile Nokia’s smartphone shipments dropped from 24.2 million units in the first quarter to just 16.7 million smartphones in the June quarter — 3.64 million fewer smartphones than Apple. With just two smartphone models currently available for sale, Apple had already been the world’s top smartphone vendor by revenue and profits. The June quarter marks the first time the company has managed to out-sell Nokia by volume, however. More →

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Android tablets now 30% of the market, Windows tablets outsold PlayBook in Q2

By on July 21, 2011 at 9:45 AM.

Android tablets now 30% of the market, Windows tablets outsold PlayBook in Q2

Microsoft has yet to launch its tablet-optimized operating system and yet slates running various versions of the Windows operating system still managed to outsell Research In Motion’s BlackBerry PlayBook last quarter. According to market research firm Strategy Analytics’ latest report, Windows-powered media tablets owned 4.6% of the global market in the second quarter of 2011. In the same period, RIM’s PlayBook made up just 3.3% of the market. The firm also shows that competition may finally be heating up in the tablet space. Apple, which owned more than 94% of the market in the second quarter last year, saw the iPad’s share slide to 61.3% according to Strategy Analytics. Over the same period of time, Android tablets jumped from a 2.9% share to a 30% share last quarter. Strategy Analytics’ report comes just one week after rumors surfaced that RIM may soon discontinue its current Wi-Fi tablet. RIM would later adamantly deny the rumors, saying it had “no plan to discontinue” production of its Wi-Fi PlayBook. RIM stated last month that it shipped 500,000 BlackBerry PlayBook tablets in the fiscal first quarter following the tablet’s debut this past April.

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