Sony Ericsson sales, net income slide in Q3; smartphones primary focus in 2012

By on October 14, 2011 at 8:40 PM.

Sony Ericsson sales, net income slide in Q3; smartphones primary focus in 2012

Sony Ericsson reported its third-quarter results on Friday and while several figures suggest the company is on the upswing quarter-over-quarter, its net income and shipments were still down compared to the same quarter in 2010. The company shipped 9.5 million devices during the quarter, up 33% from the 7.6 million it shipped last quarter but down from the 10.4 million it shipped during the third quarter last year. It attributed the decline to fewer feature phone shipments as the company continues to pivot its focus to smartphones. Sony Ericsson’s Xperia family of devices accounted for more than 80% of its sales and 22 million such devices have shipped to date. “We will continue to invest in the smartphone market, shifting the entire portfolio to smartphones during 2012,” Sony Ericsson president and CEO Bert Nordberg said. Net income for the quarter fell €49 million from the third quarter of 2010, but increased €50 million from the second quarter. Read on for the full press release from Sony Ericsson. More →

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Google reports huge Q3; revenue up 33%, profit up 26%

By on October 13, 2011 at 5:20 PM.

Google reports huge Q3; revenue up 33%, profit up 26%

Google announced its third quarter 2011 results on Friday, which surpassed analyst expectations. “We had a great quarter,” Google CEO Larry Page said. “Revenue was up 33% year on year and our quarterly revenue was just short of $10 billion,” Page explained, noting that the company’s brand new Google+ social network now has more than 40 million users. To clarify Page’s statement, the company’s revenue was $9.72 billion, up from the $7.29 billion reported during the third quarter of 2010. Operating income was $3.06 billion, up from the $2.55 billion in operating revenue reported during the same period last year. Net income for the quarter was $2.73 billion, up from the $2.17 billion in the third quarter of 2010. Google’s Cost-Per-Click, which includes advertisements on Google’s sites and from its AdSense partners, increased 5% year-over-year and declined 5% consecutively. The Internet giant also said it now has $42.6 billion in cash. Google did not discuss figures related to its Android operating system. Read on for the full press release. More →

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Gartner: Global PC shipments jump just 3% in Q3 2011

By on October 12, 2011 at 9:15 PM.

Gartner: Global PC shipments jump just 3% in Q3 2011

Global shipments of PCs grew slightly but less than analysts had predicted during the third quarter of 2011, Gartner said recently, citing preliminary findings of a new research report. 91.8 million PCs were shipped during the quarter, a 3.2% jumped from the same quarter of last year. The figures are lower than Gartner’s original estimate, which suggested PC vendors would ship 5.1% more units during the quarter. Gartner said the lower sales can be attributed to a weak Western European PC market. Read on for more. More →

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Foxconn expected to ship 20 million iPad 2 units in Q3

By on September 1, 2011 at 9:30 AM.

Foxconn expected to ship 20 million iPad 2 units in Q3

Apple manufacturing partner Foxconn will ship a total of 20 million iPad 2 units during the third quarter, DigiTimes said on Thursday. That figure is up 60% from the second quarter and the orders are expected to be the prime catalyst for Foxconn’s growth during the second half of this year. The iPhone and iPad maker on Thursday reported $945.93 million in net profits for the first half of the year. Rumors of parts shortages and labor problems originally suggested that Foxconn would have trouble meeting iPad shipment demands during the second quarter, when it was expected to ship 2.5 million to 3 million iPad 2 units to Apple per month, so it appears Apple has finally worked out the kinks in its supply chain. Apple is expected to ship 12-14 million units of its iPad 2 tablet during the third quarter. More →

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HP reports Q3 earnings: revenue up over last year, weak 2011 guidance

By on August 18, 2011 at 3:42 PM.

HP reports Q3 earnings: revenue up over last year, weak 2011 guidance

HP reported its third quarter 2011 results on Wednesday, missing the Street’s estimates considerably. Net revenues of $31.2 billion were up from the 30.7 billion HP reported during the same quarter in 2010 and also up from the $31.6 billion the company reported during the second quarter. The figures are in line with HP’s guidance of $31.1 billion to $31.3 billion for the third quarter but below the Street’s consensus of $34 billion. EPS also missed; HP expects between $1.12 and $1.16 while the Street expected $1.31. The company confirmed that it will discontinue operations for its webOS devices, likely after a lukewarm reception to the TouchPad in the United States and abroad. Following the tablet’s launch the company quickly dropped its price by $100 and Best Buy’s sell-through rate was rumored to be below 10%. HP’s Pre3 smartphone, which is now on sale in Europe, has yet to make a debut in the United States and it’s unclear if it will ever launch here. HP said it estimates revenue of $32.1 billion to $32.5 billion for the fourth quarter. The company originally said it estimated its full year 2011 revenue to be $129 billion to $130 billion but now says revenues will likely fall between $127.2 billion and $127.6 billion. Read on for the full press release. More →

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HTC CFO: Puccini tablet will launch in September/October

By on August 16, 2011 at 9:23 PM.

HTC CFO: Puccini tablet will launch in September/October

HTC’s 10-inch Puccini Android tablet will hit the market in September or October, HTC’s chief financial officer Winston Yung said during a press conference at the Taiwan Stock Exchange. We published the first solid images of the Puccini in July when we noted the tablet will likely offer a 1.5GHz processor, an 8-megapixel camera and stylus input support similar to what the HTC Flyer offers. While earlier rumors suggested the Puccini would launch on AT&T with 4G LTE support, we think the September/October time frame might be too early for that to happen. We expect the Puccini to run on AT&T’s HSPA+ network instead. Yung also reaffirmed HTC’s plans to appeal a recent ITC ruling that found HTC guilty of infringing on Apple patents. More →

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Analysts raise Apple stock price target ahead of earnings

By on July 19, 2011 at 9:20 AM.

Analysts raise Apple stock price target ahead of earnings

Apple will release its fiscal third quarter earnings on Tuesday afternoon and analysts have boosted the stock price target in anticipation of a solid quarterly report. The iPhone maker’s shares hit a record high of $373.80 at the close of the day on Monday. BGC analyst Collin Gillis has boosted the price target of Apple’s stock from $390 to $430. “We are more positive on the outlook for share acceleration in the second half as it is reasonable to expect multiple hardware refreshes combined with the back-to-school and holiday shopping quarter,” Gillis told Reuters. A group of analysts recently predicted that Apple will report that it sold between 15 and 20 million iPhones during the quarter, with the average estimate falling at 16.9 million iPhones sold. Apple is expected to “report earnings of $5.84 per share on revenue of $24.9 billion,” Reuters said, citing Thomson Reuters I/B/E/S. More →

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Analysts peg Q3 iPad sales in 6-9.5 million range

By on July 12, 2011 at 7:45 PM.

Analysts peg Q3 iPad sales in 6-9.5 million range

Ahead of Apple’s third-quarter earnings report on July 19th, Fortune has tapped 39 analysts and has created a roundup of their iPad sales estimates. We already know that the iPad 2 has been flying off of store shelves since Apple announced the tablet on March 2nd. However, demand was so great that it’s unclear just how many Apple was able to manufacture and sell during the third quarter. Brian Marshall from Gleacher, Daniel Ernst from Hudson Square, and Mark McKechnie from Think Equity all estimate that Apple sold 6 million iPads during the quarter. That’s at the low-end of the analyst’s predictions. Amateur analyst Navin Nagrani suggested that the Cupertino-based firm sold 9.5 million iPads, but that’s still short of the 14 million iPad units sold that CLSA predicted last month. The average estimate of 7.92 million iPads sold is on a par with the Wall Street prediction of 7.72 million units, a 142% jump from the third quarter of 2010. Who’s right and who’s wrong? We’ll find out next Tuesday. More →

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Amazon could ship 1-1.2 million tablets during third quarter, report says

By on July 8, 2011 at 8:01 AM.

Amazon could ship 1-1.2 million tablets during third quarter, report says

According to a new report from DigiTimes, Amazon is expected to ship a “conservative” 1-1.2 million of its new tablets during the third quarter — a time frame that’s in line with earlier reports that the online retailer would get its unannounced tablet out the door by August. Reportedly, orders from Amazon are the most positive of all tablet-builders so far, and the company is expected to demand as many as 2 million touch panel displays in August and September. While very little is known about Amazon’s tablet — or possibly tabletswe have heard that it is prepping an entry level model codenamed “Coyote,” with an NVIDIA Tegra 2 chip, as well as a second more powerful “Hollywood” model that’s powered by NVIDIA’s new quad-core T30 “Kal-El” processor, which offers a 500% performance increase over Tegra 2. Amazon already has a number of services that will compliment a tablet perfectly, such as Cloud Drive, Cloud Player, Amazon MP3, Unbox streaming videos, Kindle, and more — all of which will no doubt help it stir up the current tablet market. More →

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Apple to ship 12-14 million iPad 2 units in Q3

By on June 30, 2011 at 9:30 AM.

Apple to ship 12-14 million iPad 2 units in Q3

Apple aims to ship between 12 million and 14 million iPad 2 tablets in the third quarter of the calendar year, possibly doubling its second-quarter sales of between 7 million and 9 million units. A new report from DigiTimes cites anonymous “market watchers” in claiming that Apple will drastically ramp up tablet orders in the third quarter of 2011. An earlier report claimed that Apple’s increased tablet orders in the second half of the year could put tremendous strain on manufacturers, thus limiting production output for competing products such as Amazon’s first media tablet, which is expected to launch later this year. IPad shipments in Apple’s last reported quarter missed big — analysts had huge expectations for the tablet in the fiscal second quarter, but supply limitations held iPad sales to just 4.69 units compared to 7.33 million in the fiscal first quarter. More →

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HP reports Q2 earnings: revenue up over last year, weak Q3 guidance

By on May 17, 2011 at 8:29 AM.

HP reports Q2 earnings: revenue up over last year, weak Q3 guidance

HP reported its second quarter results for 2011 early on Tuesday. Net revenue of $31.6 billion was up 3% from the $30.8 billion in net revenue HP reported during the second quarter last year. The firm reported income of $2.3 billion, up 5% from the same period last year. HP said its results were driven by the commercial sector and that it experienced “uneven consumer performance across its product categories,” due to weakened interest in consumer PCs. Despite claims that the company would begin to ship products just “weeks” after being announced, HP has yet to ship its new TouchPad tablet, or Pre 3 smartphone, both of which attracted some consumer attention earlier this year when they were unveiled. Shares of HP stock are currently down on weaker than expected third-quarter guidance. Hit the jump for the full release. More →

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Microsoft announces record Q3 earnings of $16.43 billion in revenue, $5.23 billion of net income driven by Office, Kinect products

By on April 28, 2011 at 6:41 PM.

Microsoft announces record Q3 earnings of $16.43 billion in revenue, $5.23 billion of net income driven by Office, Kinect products

Driven by strong growth in its Business and Entertainment & Devices divisions, Microsoft posted record Q3 2011 revenues of $16.43 billion — a 13% increase year-over-year. “We delivered strong financial results despite a mixed PC environment, which demonstrates the strength and breadth of our businesses,” said Microsoft’s chief financial officer, Peter Klein. “Consumers are purchasing Office 2010, Xbox and Kinect at tremendous rates, and businesses of all sizes are purchasing Microsoft platforms and applications.” The company posted $5.71 billion in operating income, $5.23 billion in net income, and $0.61 earnings per share — a 10%, 31%, and 36% increase respectively year-over-year. Microsoft also noted strong revenues from its Online Services division — which includes search — up 14% from Q3 of 2010. More →

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iPad 2 sales to balloon 200% this quarter according to analyst

By on April 25, 2011 at 11:08 AM.

iPad 2 sales to balloon 200% this quarter according to analyst

Asymco’s Horace Dediu has a long history of pegging Apple earnings, and on Monday morning the analyst issued his revenue and EPS estimates for Apple’s third fiscal quarter of 2011. Dediu expects Apple to outpace its guidance, as usual, which the company set at 47% revenue growth and 43% EPS growth last week. Based on significant year-over-year growth projected in every key segment other than its iPod business, Dediu expects revenue growth of 65% to $25.8 billion and EPS growth of 72% to $6.02. Regarding product lines, the analyst sees Apple’s third-quarter breaking down as follows:

  • iPhone units: 14.7 million (75%)
  • Macs: 4.3 million (25%)
  • iPads: 9.8 million (200%)
  • iPods: 10.1 million (-15%)
  • Music (incl. app) rev. growth: 25%
  • Peripherals rev. growth: 25%
  • Software rev. growth: 25%

Apple sold just 4.69 million iPads last quarter, falling short of analyst estimates ranging from 6 to 8 million. It is widely believed that the low sales were due to supply constraints, and Dediu believes that Apple will iron out these issues. The iPad 2 will also launch in several new countries this quarter, and coupled with supply that might finally come closer to meeting demand, Dediu sees third-quarter iPad sales ballooning 200% year-over-year to 9.8 million units. More →

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