Apple announced on Monday that the company had sold a record 3 million new iPads since Friday’s launch. With Apple’s new tablet set to become available in 24 additional countries starting at 8:00 a.m on Friday, March 23rd, a number of analysts are expecting solid sales to continue. UBS analyst Maynard Um believes that Apple could move 12 million new units in this quarter alone, AllThingsD reported on Tuesday. “Apple has sold ~750,000 new iPads per day since launch on Friday,” Um said in a note to clients. “If there are no supply shortages, this would imply a run rate of ~12 million new iPads between launch and the end of the quarter. We continue to believe there could be upside to our 12 million estimate for the quarter.” The analyst is referring to sales of the new iPad only, however, meaning the Cupertino-based company could sell more than 12 million units including the iPad 2, which is now available for $399. More →
Taiwanese manufacturer Hon Hai reported revenue growth of 19.89% year-over-year in 2011 and 37.5% quarter-over-quarter in the fourth quarter last year, Taiwan Economic News said Friday. Hon Hai recorded $10.5 billion in revenue for the month of December, $92 billion in revenue for the year and $30.5 billion in revenue for the full fourth quarter of 2011. Hon Hai said the growth was propelled by a strong demand for new computers, phones and other consumer electronics. Analysts predict that the company, perhaps best known for its Foxconn subsidiary, which builds Apple’s tablets and smartphones, will achieve annual revenues of $100 billion in 2012. More →
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.
Google will announce and launch its own music store this quarter, Business Insider said recently. The company revealed its Music beta service in May, which allows users to store up to 20,000 songs in the cloud, but now users will be able to purchase and download tracks, too. Google is reportedly already in negotiations with the major music labels and The New York Times recently reported that the service will launch in the “next several weeks.” Record labels, however, are worried that Google’s cloud storage option could kindle, not stifle, music piracy. “We want to make sure the locker doesn’t become a bastion of piracy,” one executive told The New York Times. If Google introduces a music store it will compete directly with third-party music apps, such as the Amazon MP3 store, on Android smartphones and tablets. Perhaps we’ll hear more on the topic during the joint Samsung/Google Ice Cream Sandwich press conference on October 18th.
Research firm IDC released its latest Worldwide Mobile Phone Tracker report on Thursday and revealed that shipments of Apple’s iPhone jumped 142% over the same period last year. Samsung’s shipments rose 10% year-over year, ZTE saw a 36% increase in shipments and LG’s shipments dropped 18.9%. The entire mobile phone market grew 11.3% year-over-year, but that was lower than IDC’s 13.3% growth projection. The feature phone market declined 4% as the U.S., Japan and Western Europe jumped on the smartphone bandwagon. “While this is not a new trend – smartphones have been the primary engine of growth for the last several quarters – it does mark something of a transition point, as demonstrated by the growing number and variety of smartphones featured in the vendors’ portfolios,” said Ramon Llamas, senior research analyst with IDC’s mobile phone technology and trends team. Read on for IDC’s full press release. More →
According to a new report issued by Canalys today, the global PC market grew 7% during the first quarter of this year – largely fueled by tablets. There were 88.6 million PC shipments during the quarter, up from 82.8 million during the same quarter last year. HP had a 66% share of the shipments, followed by Acer (12.8%), Dell (11.3%), Apple (9.5%), Lenovo (9.2%), and others (40.6%). “Apple set the standard in the pad market, mainly at the expense of notebook and netbook shipments, as pads competed for a share of consumer IT spend,” Canalys said, noting that Apple’s iPad products accounted for 74% of the 6.4 million tablets shipped globally in Q1. “The [tablet] represents a real threat to PC and consumer electronics vendors, as it is capable of replacing devices in a range of other categories,” Tim Coulling, a Canalys analyst, said. Hit the jump for the full release. More →
Moments ago, Sprint released its earnings report card for the first quarter of 2011, and things are definitely improving. The company saw its largest increase in wireless customers in the last five years, adding 1.1 million subscribers across all Sprint brands — prepaid net additions totaled 846,000 lines and postpaid adds totaled 310,000 lines. The company also saw a spike in revenue and ARPU. Sprint posted revenues of $8.3 billion, up 3% year-over-year, and ARPU jump $1 year-over-year to $56. The company also noted its postpaid churn rate or 1.81 — down from 2.54 one year ago. The nation’s third largest carrier still posted a $439 million loss — a diluted loss per share of $0.15 — so you can’t really call the quarter a success. “We’ve added two million wireless subscribers over the past two quarters,” said company CEO, Dan Hesse. “In spite of Verizon’s iPhone launch and aggressive competitive responses to it, our simple and unlimited plans, 4G leadership, strong customer service, and successful multi-brand strategy drove solid Sprint performance for the quarter.” The link to Sprint’s full earnings statement is after the break. More →
Samsung has just made the inevitable a reality. At the company’s CES keynote, Sammy announced that the Samsung Galaxy Tab, the very same tablet available from wireless carriers the world over, will be available in a Wi-Fi only variant in the U.S. in Q1. Not really a heck of a lot else to report. Same specs, same device, sans cellular radio. No word on the one thing we’re all interested in: price. Hit the jump for the full press release. More →
Verizon Communications announced its Q3 2010 earnings this morning and, buried in that spreadsheet, are the results for the Vodafone, Verizon joint venture that is Verizon Wireless. The company reported 997,000 net additions for the quarter along with a minuscule retail postpaid churn of 1.07%. Total revenue increased by 6% from the third quarter of last year and Verizon Wireless’ customer base now stands at 93.2 million. Other notable facts from the report:
- Data revenue increased 5.2% year-over-year
- Cash expense per customer was down to $26.88 from $27.59 the previous year
- During Q3, Verizon sent more than 183 billion text messages, 3.8 billion picture messages, and saw users complete 22 million music/video downloads
Hit the read link to check out the entire report. More →
Things aren’t looking so pretty at Sony Ericsson as the handset maker a little while ago posted its fourth-quarter earnings showing a loss of $270 million, pre-tax. Of course, this should come as no surprise to anyone since SE’s earnings reports the past few quarters, six to be exact, were just as disappointing. The company also recently had major layoffs and restructuring the past few months. However, SE is remaining cautiously optimistic for 2010. While other manufacturers are expecting a big rise in the cell phone market in 2010, SE sees things a little more modestly. Since smartphones and high-end devices are Sony Ericsson’s overall weakness right now by comparison to Apple, HTC and BlackBerry, we’re thinking that there is a lot riding on the XPERIA X10 with Android due out very soon. More →