Lower Q1 iPad sales prompt analysts to slash 2011 tablet forecast for Apple

By on April 25, 2011 at 7:38 AM.

Lower Q1 iPad sales prompt analysts to slash 2011 tablet forecast for Apple

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 →

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Qualcomm announces Q2 earnings; record revenues of $3.9B

By on April 21, 2011 at 12:41 AM.

Qualcomm announces Q2 earnings; record revenues of $3.9B

Qualcomm on Wednesday reported its earnings for the fiscal second quarter or 2011. Strong demand for smartphones and other connected devices that utilize the company’s chips drove record revenues of $3.88 billion, up 46% over the second quarter in fiscal 2010. Operating income and net profits were up year-over-year as well; operating income was up 38% to $1.07 billion and profits were up 29% to $999 million. Compared to the first quarter of fiscal 2011 however, operating income was down 3% and profits were down 15%. Qualcomm expects continued success moving forward, and the company raised its fiscal 2011 guidance as a result. “We are pleased to report record quarterly revenues, and we are raising our revenue and earnings guidance for the year as the demand for smartphones across an array of geographies and tiers continues to grow,” said Qualcomm CEO Paul E. Jacobsin a statement. “In addition, we have resolved the second of the two previously disclosed licensee disputes. We continue to execute on our strategic priorities as our partners deploy our technologies and solutions to offer leading wireless products and services to consumers worldwide.” Hit the break for the full release. More →

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Apple reports Q2 earnings; iPhone beats the Street, iPad misses big, profit up 95%

By on April 20, 2011 at 4:39 PM.

Apple reports Q2 earnings; iPhone beats the Street, iPad misses big, profit up 95%

Apple on Wednesday reported earnings for the second quarter of fiscal 2011. Reports from Tuesday suggesting Apple might miss iPad sales estimates were accurate as Apple reported second-quarter sales of only 4.69 units compared to 7.33 million iPads last quarter. Analyst estimates fell between 6 and 8 million iPads for the March quarter. Apple’s iPhone sold 18.65 million units globally in the second quarter compared to 8.75 million units in the same quarter last year and 16.24 million units in the first quarter of fiscal 2011. iPod sales came in at 9.02 million units, down from 10.89 million in the second fiscal quarter of 2010 and 19.45 million last quarter. Wall Street was expecting 16 million iPhones and 9.9 million iPods in the quarter. Mac sales narrowly beat the Street’s estimates of 3.6 million units, totaling 3.67 million units in the March quarter, up from 2.94 million last year and down from 4.13 million from last quarter. Revenue for the second quarter came in at $24.67 billion and Apple recorded $5.99 billion in profit, up 95% from $3.07 billion in the same quarter last year. Apple noted in its earnings call that the earthquakes in Japan will not affect Apple’s supply chain or its products in the third quarter. The company’s full press release can be seen after the break. More →

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Motorola delays DROID BIONIC until summer, makes changes

By on April 19, 2011 at 4:35 PM.

Motorola delays DROID BIONIC until summer, makes changes

Well, we suppose there’s a good and a bad here. The Motorola DROID BIONIC was lightly rumored to have been cancelled due to repeated internal delays — said to be related to heavy battery life issues among other things — but that isn’t exactly true. Originally slated to be released in the second quarter, Motorola has now placed the BIONIC on a (late) “summer” release schedule, complete with “several enhancements to make this an ever better consumer experience,” according to a Motorola spokesperson speaking to The Wall Street Journal. We’ll always have you, ThunderBoltMore →

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Apple's Q2 iPad 2 sales may fall short of estimates

By on April 19, 2011 at 3:29 PM.

Apple's Q2 iPad 2 sales may fall short of estimates

Analyst Horace Dediu on Tuesday uncovered figures Apple provided in a recent legal complaint against Samsung that may give us a preview of iOS device performance in the second quarter of Apple’s fiscal 2011. Within Apple’s filing, the company states, “As of March 2011, more than 108 million iPhones had been sold worldwide.” It goes on to say, “By March 2011, Apple had sold over 60 million [iPod touch] units,” and, “By March 2011, Apple sold over 19 million iPads.” Dediu uses these figures along with knowledge of Apple’s previously reported sales numbers to estimate that the company may have sold a minimum of 18.1 million iPhones, 4.5 million iPod touch units and 4.2 million iPads in its fiscal second quarter. While these numbers are anything but scientific, the iPhone and iPod touch figures are in line with analyst estimates. Apple’s iPad numbers, however, are extremely low compared to analyst estimates for the quarter, which range from 6 to 8 million iPads. Dediu notes that despite the potential miss on iPad sales, Apple is still poised to beat The Street’s EPS consensus. More →

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JP Morgan raises Q2 estimates ahead of Apple earnings next week

By on April 15, 2011 at 9:58 PM.

JP Morgan raises Q2 estimates ahead of Apple earnings next week

Following RBC Capital Markets General Manager Mike Abramsky’s lead, JP Morgan analyst Mark Moskowitz on Friday raised his revenue and EPS estimates for Apple’s 2011 fiscal second quarter. RBC upped its second-quarter revenue estimate from $23 billion to $24 billion on Tuesday, citing pent up iPad demand and strong sales of the Verizon iPhone 4 and newer laptop lines. On Friday, JP Morgan’s Moskowitz wrote in a note to investors that iPhone shipments in the quarter were likely stronger than expected thanks to the launch of the Verizon model and the addition of new sales channels for the GSM version of the popular smartphone. As such, he upped second-quarter estimate from 16.6 million units shipped to 18.4 million. Moskowitz raised his revenue estimate for the quarter to $24.42 billion from his earlier estimate of $23.83 billion, and adjusted his EPS estimate to $5.39 from $5.21. Apple will report its earnings for the March quarter on April 20th.

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Apple to ship 10-12 million iPad 2 units in Q2, report claims

By on March 4, 2011 at 9:22 AM.

Apple to ship 10-12 million iPad 2 units in Q2, report claims

Industry watcher DigiTimes on Friday reports that Apple is still on track to have roughly 40 million iPad tablets built and shipped in 2011. The site stated yesterday that Apple plans to ship up to 6.5 million iPad tablets in the first quarter of this year, and now it’s on record as saying second-quarter production will be ramped up to a staggering 10-12 million units. According to the report, Apple ordered approximately 2 million first-generation iPads in January before kicking off iPad 2 production. Shipments of the iPad 2 are expected to come in around 3 million units this quarter. The second quarter will see between 10 and 12 million units built as noted, and DigiTimes’ sources suggest Apple’s manufacturing partners will ship between 21.5 and 24 million units in the second half of the year. The report does not speculate on whether or not second-half shipments might include the iPad 3, which could launch ahead of the holidays this year according to rumors. More →

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HTC Desire, Desire HD, Desire Z, and Incredible S getting Gingerbread (Android 2.3) update in Q2

By on February 25, 2011 at 8:01 PM.

HTC Desire, Desire HD, Desire Z, and Incredible S getting Gingerbread (Android 2.3) update in Q2

In a statement to blog SlashGear, HTC let it be known that it intends to bring four European handsets up to Gingerbread (Android 2.3) in Q2 of this year. Three Desire models — the Desire, Desire HD, and Desire Z — along with the recently announced Incredible S will be getting Google’s latest and greatest mobile code. It’s nice to see HTC pushing out updates to some new, and more importantly old, handsets. Here is the company’s official statement.

“We are excited to announce that the Desire HD, Desire Z, Desire and Incredible S will receive the Gingerbread update in Q2.”

More →

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NPD: Apple computer sales up 20% in January, iPod sales down 10%

By on February 22, 2011 at 7:26 PM.

NPD: Apple computer sales up 20% in January, iPod sales down 10%

Apple watcher Gene Munster of Piper Jaffray on Tuesday revealed NPD Group data showing estimated Apple computer shipments in the U.S. for the first month of the company’s 2011 fiscal year. According to NPD Group’s numbers, Mac sales were up 20% year-over-year in January and shipments are on pace to reach 3.6 million units in the quarter. Wall Street is expecting global Mac sales to grow 22% year-over-year, and Munster believes Apple will meet expectations. Conversely, NPD shows that U.S. iPod sales declined 10% in January compared to the same month last year. Apple is expected to unveil a refreshed MacBook Pro line very soon, and strong demand for its popular MacBook Air laptop line should result in strong sales for the remainder of the quarter. More →

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HTC announces Incredible S, Desire S, and Wildfire S at MWC

By on February 15, 2011 at 3:58 AM.

HTC announces Incredible S, Desire S, and Wildfire S at MWC

Early this morning at Mobile World Congress, HTC announced six new and updated mobile devices that will be coming to market in the next few months. Three of the six devices are the Incredible S, Desire S, and Wildfire S.

The HTC Desire S has a complete aluminum design paired with 1GHz Qualcomm Snapdragon processor and 3.7-SLCD screen. The Desire S also packs a 5 megapixel rear-facing camera, 1.3 megapixel front-facing camera, Bluetooth 2.0, Wi-Fi b/g/n, 768MB of RAM, and 1450mAh battery. Oh yeah, and Android 2.3.

The Wildfire S is HTC’s lower-end Android set and will sport a 600MHz Qualcomm processor, 3.2-inch TFT display, 512MB ROM, Wi-Fi b/g/n, Bluetooth 2.0, 1230mAh battery, and Android 2.3.

The Incredible S’ spec sheet is as follows: 1GHz Qualcomm processor, 768MB of RAM, 4-inch SLCD WVGA display, Wi-Fi b/g/n, Bluetooth 2.0, 8 megapixel rear-facing camera, 1.3 megapixel front facing camera and Android 2.2.

All three devices will be will be available in Europe and Asia in Q2 of 2011 and ship with HTC’s Sense UI. Hit the jump to check out the full press release and a few more images.

UPDATE: HTC’s initial press release indicated that the Wildfire S and Desire S would ship with Android 2.4; that is not the case. The Desire and Wildfire will ship with Android 2.3.3 and the Incredible S will ship with 2.2 (to be updated to 2.3 in the near future). More →

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Microsoft reports record revenue in fiscal Q2

By on January 27, 2011 at 4:15 PM.

Microsoft reports record revenue in fiscal Q2

Microsoft on Thursday announced its earnings for the second quarter of the company’s 2011 fiscal year. In the quarter, which ended on December 31st, 2010, Microsoft saw record revenue of $19.95 billion, up from $19 billion in the same quarter last year. Operating income slid slightly, however, from $8.51 billion in the second quarter of Microsoft’s 2010 fiscal year to $8.17 billion last quarter. Diluted earnings per share were up to $0.77 compared to $0.74 in the same quarter a year prior. “We are enthusiastic about the consumer response to our holiday lineup of products, including the launch of Kinect,” said Microsoft CFO Peter Klein in a statement. “The 8 million units of Kinect sensors sold in just 60 days far exceeded our expectations. The pace of business spending, combined with strong consumer demand, led to another quarter of operating margin expansion and solid earnings per share growth.” Microsoft also noted that its Business Division grew 24% year-over-year, and Office 2010 is the fastest-selling version of Microsoft Office in company history. Microsoft’s Entertainment & Devices Division grew 55% year-over-year on solid Xbox 360 console and accessory sales. Hit the break for Microsoft’s full press release. More →

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Electronic Arts: Q2 earnings strong, Medal of Honor sells 2 million units in two weeks

By on November 2, 2010 at 10:30 PM.

Electronic Arts: Q2 earnings strong, Medal of Honor sells 2 million units in two weeks

Today, software giant Electronic Arts reported their Q2 earnings for fiscal year 2011. The company’s bottom line was just fine — $884 million in net revenue against a guidance of $775 million — and EA let go some interesting statistics about several of their game titles in the brief. Here’s what caught our eye:

• EA is the #1 PC publisher with 27% segment share at retail calendar year-to-date and strong growth in digital downloads of full-game software.
• EA was the #1 publisher across all platforms on the Apple App Store in the quarter.
• On October 19, 2010, EA acquired Chillingo, a publisher of top iOS titles including Cut the Rope and Angry Birds. Chillingo extends EA’s App Store leadership and adds an open social gaming platform to EAi’s publishing capabilities
Medal of Honor(TM) is off to a strong start, selling-through 2 million units in just two weeks in October

“We had another strong quarter, beating expectations both top and bottom line,” said John Riccitiello, EA’s CEO. “We credit our results to blockbusters like FIFA 11 and to innovative digital offerings like The Sims 3 Ambitions and Madden NFL 11 on the iPad.”

It’s interesting to see how vital mobile gaming — specifically on smartphones and tablets — is becoming to game publisher’s bottom lines. Hit the read link to see EA’s full report. More →

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Research In Motion posts strong Q2, over 12 million BlackBerrys shipped

By on September 17, 2010 at 10:24 AM.

Research In Motion posts strong Q2, over 12 million BlackBerrys shipped

Say what you want about RIM’s hardware and operating system, for the time being they continue to bring home the bacon. Late yesterday, the Canadian mobile giant announced earnings and that a record 12 million BlackBerry smartphones were shipped in Q2 of the company’s fiscal 2011. Here are the highlights:

  • Revenue: $4.62 billion, up 31% year-over-year
  • Earnings per share: $1.46, up 76% year-over-year
  • 12.1 million smartphones shipped in Q2
  • Net income: $796.7 million

“We expect a continuation of this momentum in the third quarter as we extend the rollout of new products including the BlackBerry Torch into additional markets and benefit from heavy promotional activities and increasing customer demand as we head into the holiday buying season,” said Jim Balsillie, the company’s co-CEO. RIM’s stock price rose slightly on new of the strong earnings report (up 2% at time of publishing). More →

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