Apple has scheduled its third-quarter earnings report for Tuesday, July 24th at 2 pm PT. Apple CEO Tim Cook and CFO Peter Oppenheimer will announce Q3 earnings to investors and will take questions afterwards. As usual, the call will be streamed over Apple’s Investor Relations portal. During its earnings report last quarter, Apple projected Q3 revenues of around $34 billion, or around $5 billion less than the $39.2 billion in revenues it reported in Q2.
Fueled by the launch of Apple’s iPhone 4S, Verizon Wireless sold more than 4.2 million iPhones in the fourth quarter last year — more than double the number of iPhones it sold in the third quarter. Verizon’s chief financial officer Fran Shammo revealed the carrier’s iPhone sales for the December quarter during a talk at a Citigroup conference in San Francisco on Wednesday. Verizon Wireless’s largest competitor, AT&T, is expected to have a record quarter as well for iPhone sales. While AT&T has not yet revealed any figures for the fourth quarter, we estimate that the company sold more than 5.5 million iPhones during its holiday quarter. The nation’s No.2 carrier announced last month that it expected record smartphone sales for the quarter, and it had already sold 6 million units between October and November alone. AT&T’s previous single-quarter sales record was 6.1 million smartphones.
IDC said Thursday that media tablet shipments during the third calendar quarter increased 264.5% over the same period last year, but that overall shipments were 5.8% lower than the 19.2 million units the research firm had previously estimated. Apple’s iPad continues to be the driving catalyst for tablet sales. The company shipped 11.1 million units during the third quarter, up from the 9.3 million it shipped during the second quarter this year. Apple’s market share fell however, from 63.3% during the second quarter to 61.5%. Read on for more. More →
Research In Motion on Thursday reported earnings for the third quarter of fiscal 2012. The struggling smartphone vendor announced earlier this month that it would miss its third-quarter guidance of between $5.3 billion and $5.6 billion in revenue, and it said EPS would likely be in line with the low end of its earlier guidance. The numbers are now in, and RIM pulled in $5.2 billion last quarter while recording earnings of $1.27 per share, or $667 million, beating its lowered guidance. RIM shipped 14.1 million smartphones in the third quarter, in line with its guidance of between 13.5 million and 14.5 million units, and sell-through came in below expectations at 13 million units. Net income dropped to $285 million from $911 million in the same quarter last year, and the vendor’s fourth-quarter guidance was worse than expected. Read on for more. More →
Dell reported its third-quarter earnings on Tuesday, noting that its revenue of $15.4 billion was flat compared to the same period last year. GAAP earnings came in at $0.49 per share, up 17% from the same quarter in 2010. Revenue from Dell’s enterprise solutions and services branch was an all-time high $4.7 billion; sales of servers, storage, networking and services jumped 8% from the same period last year. Dell’s consumer unit reported $2.8 billion in revenue, down 6% from the third quarter of 2010, but the company said that its high-end XPS computers fared particularly well. In fact, revenue from its XPS consumer laptop family increased 207% from last year. Read on for more. More →
T-Mobile USA on Thursday announced its results for the third quarter of 2011. The carrier said it added 126,000 net customers during the quarter, an improvement over the net loss of 50,000 customers it reported during the second quarter, but fewer than the 137,000 new customers it added during the same quarter last year. Contract customers continued to flee, however, as T-Mobile reported a net loss of 186,000 contract customers for the quarter. The carrier lost 281,000 contract customers during the second quarter but just 64,000 during the same quarter last year. The number of smartphone customers increased 40% from the same time period last year, however, and T-Mobile now has 10.1 million customers using smartphones on its network. Read on for more. More →
In its recent third-quarter earnings report, Samsung said its telecommunications business achieved record quarterly sales of 14.90 trillion won, up 37% from the same period last year. The unit shipped 27.9 million smartphones during the period, 10 million more than Apple shipped during the same quarter, pushing Samsung into the top smartphone spot globally. Those sales resulted in a record operating profit of 2.52 trillion won for the telecommunications business. Hit the break for more. More →
Sprint just released earnings for Q3, and while the company managed to add their best ever amount of net new wireless subscribers — 1.3 million — Sprint still lost 44,000 subs. Sprint’s postpaid ARPU has grown by $1 sequentially and $3 year-over-year as well. Sprint still didn’t make money this quarter, though, with a reported net loss of $301 million, down from a net loss of $911 million one year ago. Investors were looking to see a number north of around $-0.22 a share, and Sprint’s diluted loss for the quarter came in at $-0.10 a share. Of note: Sprint’s iPhone 4 and iPhone 4S sales are not included in here as the phones didn’t launch until October 14th. Full release is available at Sprint’s investor site. More →
Amazon reported third-quarter earnings on Tuesday, noting net sales increased 44% from the same quarter last year to $10.88 billion. That figure is on a par with Wall Street’s revenue expectations of $10.93 billion. Amazon reported EPS of $0.14, which missed the Street’s estimates of $0.24 per share. Net income fell 73% quarter-over-quarter, however. Amazon reported net income of $63 million during the third quarter, down from $231 million in the second quarter. The online retailer said September 28th was its biggest day ever for Kindle sales, including during the previous peak holiday season. “In the three weeks since launch, orders for electronic ink Kindles are double the previous launch,” Amazon CEO Jeff Bezos said. “And based on what we’re seeing with Kindle Fire pre-orders, we’re increasing capacity and building millions more than we’d already planned.” Looking forward to the fourth quarter, Amazon expects net sales to fall between $16.45 billion and $18.65 billion, 27-44% growth over the fourth quarter of last year. The company also confirmed better than expected demand for its Kindle Fire tablet, noting that it is building “millions more” tablets than it had initially orders. Shares of Amazon stock fell more than 14% in after-hours trading. Read on for the full press release from Amazon.
Shares of Netflix stock plummeted more than 27% in after-hours trading as the company revealed it lost more than 800,000 customers in the third quarter. Netflix now serves 23.8 million total customers and it reported third-quarter revenue of $822 million, beating estimates of $812 million. Earnings worked out to $1.16 per share, which also beat Wall Street’s consensus of $0.96. “While we dramatically improved our $7.99 unlimited streaming service by embracing new platforms, simplifying user-interface, and more than doubling domestic spending on streaming content over 2010, we greatly upset many domestic Netflix members with our significant DVD-related pricing changes, and to a lesser degree, with the proposed-and-now-cancelled rebranding of our DVD service,” Netflix said in a letter to shareholders Monday. Netflix expects DVD shipments to decline sharply during the fourth quarter, a continuation of the company’s earlier changes, but it expects growth in weekly gross additions compared to the December quarter last year. The company said it expects global consolidated income to fall between $19 million and $37 million during the fourth quarter and EPS is expected to land between $0.36 and $0.70. More →
Apple’s iPad and iPad 2 tablets continue to dominate in the enterprise market, according to the Good Technology Device Activations Report for the third quarter of 2011. 4% of all tablet activations in the enterprise were for Android tablets, while the iPad and iPad 2 were responsible for 96% of activations. The iPhone 4 was the most popular handset with 28.3% of all device activations during the quarter. It was followed by the iPad 2 (15.6% of all activations). Sprint’s EVO 4G was the most popular Android device with 1.6% of all enterprise smartphone activations. Read on for more. More →
Dell and HP will reportedly be among the first manufacturers to launch Windows 8 tablets, and the devices could be on the market as soon as the third quarter of next year, DigiTimes said recently. Supposedly, Amazon’s low-priced Kindle Fire has driven several manufacturers to pursue Windows 8 over Android in an effort to avoid stiff competition in the low-cost tablet market. Lenovo and Dell will stick to creating enterprise-focused tablets according to the report. Dell’s devices will continue to run Windows but Lenovo will still offer Android as a choice on its business-oriented tablets. In addition, recent rumors have suggested HTC is also working on a Windows 8 tablet. Windows 8 shipped to developers in September and most reports have suggested the first devices bearing the OS will launch in late 2012. More →
Tablet vendors shipped 18.7 million units during the third quarter of this year, DigiTimes said on Tuesday. Third-quarter shipments were up 27.5% over the second quarter, but the increase was less than the 60.9% jump in shipments between the first and second quarters of this year. The slower growth was attributed to a weaker global economy, and the entire industry suffered. Apple is estimated to have shipped 13 million units in the September quarter, fewer than DigiTimes’s prediction that Apple would ship 14-15 million units. That figure, however, is still up up 36.8% over the second quarter. 5.7 million non-iPad units shipped during the third quarter, up 10.1% sequentially, but growth suffered due to an “inability to attract customers” away from the iPad, DigiTimes senior analyst James Wong said. Apple’s share of the tablet market grew from 64% in the second quarter to 70% in the third quarter according to DigiTimes’s figures. Apple will reveal its third-quarter earnings on Tuesday evening. More →