RIM Q3 beats the street; good Q4 guidance

By on December 16, 2010 at 5:42 PM.

RIM Q3 beats the street; good Q4 guidance

Research In Motion reported its third quarter earnings Thursday evening, and it beat Wall Street’s estimates in several key areas. The BlackBerry maker’s revenue was up 40% year-over-year to $5.5 billion on record shipments of 14.2 million devices — also up 40% year-over-year. This beat the street’s consensus of $5.4 billion in revenue and shipments of 14 million. The $317 average selling price of RIM’s BlackBerry smartphones beat the street’s consensus of $310, though RIM added 5.1 million subscribers during the quarter, which fell below the street’s consensus of 5.2 million. Total subscriber count was 55 million, however, which is up 49% year-over-year. RIM expects fourth quarter revenues of $5.5 to $5.7 billion and 14.3 to 14.9 devices shipped.

“RIM delivered upside surprise on ASPs and GMs — both key metrics,” wrote Mike Abramsky, Managing Director at RBC Capital Markets, in a note to investors. “Importantly, Q4 guidance calls for Q/Q growth in both revenue and EPS on healthy margins, above street and investor expectations. We believe street estimates should come up tomorrow, given the healthy Q4 guide and likelihood that more analysts reflect PlayBook into their estimates.”

Hit the break for the full press release from RIM. More →

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Android smartphone market share up a staggering 22%, Symbian down 8% in Q3 2010

By on November 10, 2010 at 8:46 AM.

Android smartphone market share up a staggering 22%, Symbian down 8% in Q3 2010

Market research firm Gartner released its Q3 2010 cell phone numbers on Wednesday and, to put it mildly, it’s an exciting time in the mobile space. Overall cell phone sales across the globe grew 35% compared to Q3 2009, and smartphone sales exploded — almost doubling numbers from the same quarter last year. Gartner’s report shows total smartphone sales of over 81 million units worldwide, which accounts for 19.3 percent of global cell phone sales in the quarter.

The shining star this quarter was Google’s Android operating system, which saw unbelievable growth compared to last year. Approximately 20.5 million Android devices were sold in the third quarter of 2010, accounting for 22.5% of the global smartphone market. In the same quarter last year, less than 1.5 million Android phones were sold, making up about 3.5% of the market. The increase in Android phone sales amounts to a staggering 1,440% swing, year over year. If there was any question that Android is well on its way to becoming the most popular smartphone OS in the world, the answer now seems fairly apparent.

On the flip side of the coin, Gartner’s numbers are rather unsettling for the world’s top cell phone manufacturer, Nokia. Gartner states that the Finnish giant lost 8.5% of the global cell phone market year over year, while Symbian, Nokia’s smartphone OS of choice, lost 8% of the market. Symbian smartphone sales were up almost 10 million units over the period, but the market is growing at a far more rapid pace. The figures also show iOS losing 0.4% of the smartphone market compared to Q3 2009, though sales nearly doubled from 7 million to 13.5 million units; and RIM lost 5.9% of the market, though sales climbed from 8.5 million units in Q3 2009 to 12 million units in Q3 2010. More →

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iPad takes 95.5% of tablet market in Q3

By on November 2, 2010 at 2:29 PM.

iPad takes 95.5% of tablet market in Q3

A new $7,000 report released Monday by research firm Strategy Analytics takes an in-depth look at the hot new tablet PC market. We’ll give you the highlights for free. In the report, SA states that Apple’s iPad owned a mammoth 95.5% of the global tablet market in the third quarter of this year. Android tablets, the second largest group of tablets, made up 2.3% of the market. The report goes on to speculate that the coming onslaught of Android tablets will level the playing field quickly, though consumers have yet to prove that they have any interest in tablet PCs whatsoever. At this point, consumers have only shown an interest in the iPad, albeit an overwhelming interest. No other manufacturer has shown that it has the ability to build a tablet with allure or mass-appeal that comes anywhere close to matching Apple’s offering. The more likely scenario is one that will mimic the path 3D TV is taking — the market will become so flooded with tablet PCs that slow but steady adoption will be inevitable.

[Via Tech Trader Daily] More →

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Apple passes RIM to become fourth largest phone vendor

By on October 29, 2010 at 8:31 AM.

Apple passes RIM to become fourth largest phone vendor

With just a single phone model in its repertoire (two including the iPhone 3GS, which is still available for purchase), IDC reveals Apple has passed RIM to become the fourth largest cell phone vendor in the world. Last quarter, Apple sold 14.1 million iPhone units to snag 4.1% of the global market. RIM rang up about 12.3 million units over the same period and slipped into fifth place globally. Sony Ericsson was displaced from the top five list. The top three manufacturers on the list remained unchanged, with Nokia having sold 110.4 million units (32.4% market share), Samsung unloading 71.4 units (21% market share) and LG hawking 28.4 million phones (8.3% market share). This news, obviously, is not good for the BlackBerry maker. RIM recently introduced its next-generation operating system, BlackBerry 6, and also launched its first touchscreen/QWERTY hybrid handset alongside a good amount of hype. Still, it was passed by Apple, which will only pick up pace in 2011 with the expected introduction of a CDMA iPhone model. IDC’s full press release can be found after the break. More →

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AT&T reports record quarter, again driven by iPhone sales in Q3

By on October 21, 2010 at 9:20 AM.

AT&T reports record quarter, again driven by iPhone sales in Q3

AT&T reported a huge quarter Thursday morning, once again propelled by the success of Apple’s iPhone. The nation’s second largest wireless carrier activated a record 5.2 million iPhone units during Q3 2010 — a huge leap from its previous record of 3.2 million in a single quarter. 24% of those iPhone activations were new customers.

More highlights from the quarter include:

  • Record 2.6 million net subscriber additions (30% increase year-over-year)
  • 745,000 net postpaid subscriber additions
  • 321,000 net prepaid subscriber additions
  • 92.8 million total wireless subscribers
  • Record-low churn of 1.32% (down 0.10% year-over-year)
  • Consolidated revenue up 2.8% year-over-year to 31.6 billion
  • Operating income was up $100 million year-over-year but operating expenses were up $700 million

The real takeaway from AT&T’s impressive Q3 is unfortunately a negative one, even in the short term: the iPhone makes up a massive amount of AT&T’s business. Should the carrier lose iPhone exclusivity next year, which looks increasingly likely, the results could be disastrous. More →

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Apple eviscerates Q3 earnings estimates, revenue up 78% year-over-year

By on July 20, 2010 at 4:57 PM.

Apple eviscerates Q3 earnings estimates, revenue up 78% year-over-year

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Apple’s been getting a little bit of bad press lately, but it clearly isn’t hurting their bottom line. In a press release today, the Cupertino company announced earnings for Q3 2010 ending on June 26th… and they’re impressive. The company posted revenue of $15.7 billion for the quarter with earnings per diluted share coming in at a blistering $3.51; up from $2.01/share in Q3 of last year. The company’s gross margin was 39.1% (compared to 40.9% from a year ago), and international sales accounted for 52% of the company’s quarterly revenue. Apple sold 3.47 million Mac computers (a 33% increase from Q3 of last year), 8.4 million iPhones (up 61% YoY), 9.41 million iPods (an 8% decline YoY), and 3.27 million iPads. Apple’s CFO, Peter Oppenheimer, said: “We’re really pleased to have generated over $4 billion of cash during the quarter. Looking ahead to the fourth fiscal quarter of 2010, we expect revenue of about $18 billion and we expect diluted earnings per share of about $3.44.” Glorify or vilify them, they are printing money in Cupertino these days. We’ve got the full release for you after the break. More →

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Microsoft's profits jump in Q3

By on April 23, 2010 at 5:18 AM.

Microsoft's profits jump in Q3

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Yesterday, Microsoft announced its Q3 2010 earnings, and we’re pleased to report things went well for the Redmond, WA company. Riding the success of Windows 7, Microsoft beat analysts expectations with $14.5 billion in revenue and a net income of $4.01 billion or $0.45 per share. As previously mentioned, Windows 7 was a smash hit helping Windows revenue climb 28%. Some 10% of PCs world-wide are now running Windows 7. Sales of the Xbox 360 helped the Entertainment Division’s revenue increase to $165 million. The one major downfall for Microsoft was Bing, as search engine lost the company a hefty $713 million.

Welcome back, Microsoft. You had us all quite scared for a while. More →

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