E Ink, the popular company that provides paper-look gray-scale displays for eReaders, reported consolidated revenues of $48.02 million in January, down 63.6% from the same month last year and 11% sequentially. The growing popularity of media tablets with full-color displays likely played a big role in the decline — sales of Amazon’s Kindle Fire and Barnes & Noble’s Nook Tablet are thought to be eating into the companies’ respective dedicated eReader businesses to an extent. Even though E Ink’s revenue took a nose dive in January, the company said that it expects to post revenues of $1.35 billion this year, up 5% from 2011.
AT&T reported its fourth-quarter 2011 results on Thursday and noted that it achieved record mobile broadband and smartphone activations during the quarter. The company reported consolidated revenue of $32.5 billion, up 3.6% or $1.1 billion from the same quarter last year, but it posted a loss of $6.7 billion, or $1.12 per share. EPS swings to a profit of $0.42 per share discounting one-time charges including the massive breakup fee paid to T-Mobile. AT&T attributed 76% of its revenue growth to wireless, wireline data and managed services, which represented 76% of overall revenue, up 7.5% from last year. The carrier sold 9.4 million smartphones during the quarter, a record that was 50% more than its previous record and more than twice the number of smartphones that were sold during the last quarter. AT&T added 717,000 postpaid customers, the largest increase in postpaid in five quarters, and 2.5 million total net wireless subscribers. The company said it was also the best quarter for Android and iPhone activations and that it activated a total of 7.6 million iPhones during the quarter. AT&T also noted that its full year revenue totaled $126.7 billion, up 2% from the $124.3 billion it reported in 2010. AT&T’s full press release follows after the break. 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 →
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 →
Antitrust investigators with the Federal Trade Commission are focusing on Google’s Android operating system and web search services, The Wall Street Journal reported on Thursday. Reportedly, there is some concern that Google prevents its Android partners from implementing services provided by Google’s competitors to their smartphones. One example comes from backin May, when Google blocked Motorola from using Skyhook Wireless’ location services on its phones. The FTC is also investigating whether Google promotes its own services over its rivals, and whether it actually uses data that its competitors have collected, such as local reviews, to populate its own results. The FTC announced that it was opening an investigation into Google’s business practices on June 24th and, at the time, Google said that it was not clear what the FTC’s concerns were. The search giant said that it will cooperate fully and will continue to follow its five pillars: “do what’s best for the user,” “provide the most relevant answers as quickly as possible,” “label advertisements clearly,” “be transparent,” and “loyalty, not lock-in.”
HTC posted impressive second-quarter results on Friday noting that its profit of NT$17.52 billion was up 104% year-over-year and up 19% over the first quarter. The Taiwanese phone maker’s shipment total of 12.1 million devices during the quarter was up 24% year-over-year and 25% quarter-over-quarter. The company also noted that it shipped a total of 21.8 million devices during the first half of the year, a big jump from the 8.7 million it shipped during the first half of 2010. HTC noted that much of its growth came from the Americas, Europe and Asia. The average selling price of an HTC smartphone is currently $349, down from the average price of $359 last quarter thanks to new entry-level handsets. HTC expects its third quarter revenue to jump 10% quarter-over-quarter and 90% year-over-year, and plans to sell “around” 13.5 million handsets. Read on for a link to the PDF of HTC’s second quarter results.
Microsoft has struck a deal to provide English search results in Baidu, China’s most popular search engine. According to The Wall Street Journal, Microsoft anticipates that the Bing-labeled English search results will help expand its Bing brand in China. Baidu also hopes that the partnership will help its efforts to expand its search engine to the global market. Chinese users typically use Google for English search results, however, the Chinese government has blocked that search engine — and other Google services, such as the newly launched Google+ — from time to time. Baidu will begin implementing Bing results later this year, although neither company provided an exact date as to when that functionality would be added.
Sony Ericsson on Tuesday reported its earnings for the first quarter of 2011, during which profit fell sharply on slowed device shipments. While smartphones made up twice the number of total device sales compared to the same quarter in 2010, Sony Ericsson still only managed to ship 8.1 million devices — compared to 10.5 million in the first quarter last year. The average selling price of the company’s devices grew to €141 from €134 in the same quarter last year, but profit dropped 48% year-over-year to €11 million. Sony Ericsson did note that the earthquakes in Japan caused some disruption in its supply chain, but we’re not sure the cell phone maker was on track for a solid quarter either way. Hit the break for the full press release. More →
Apple’s stock is up around 7 points at the time this post was published, and you know what that means… the company’s market cap is now above $300 billion. The actual number is more like $302 billion, but who’s counting a measly two billion at this point, right? Shares of Apple are trading at around $330 which is a new record high for the company. Analyst expectations are that Apple has set new sales records for the holiday quarter, and that’s most definitely baked into the stock price. Apple will report their fiscal first quarter results on January 18th. More →
Today, search extraordinaire Google, Inc. announced earnings for the third quarter of 2010. The Big G posted revenues of $7.29 billion, up 23% year-over-year, a net income of $2.17 billion, had an effective tax rate of 20%… oh yeah… and $33.4 billion in cash. Yikes! The company also reported 23,331 full-time employees; roughly 1,500 more than the previous year. Google’s strike price was down 0.44% at today’s market close, but is currently up 8.9% — around $49 per share — in after-hours trading. More →
Today, T-Mobile USA delivered second quarter of 2010 results, and we have broken it down for you. First off they are reporting actual service revenues of $4.70 billion, up from $4.63 billion in Q1 — OIBDA of $1.42 billion compared to $1.39 billion in Q1. T-Mobile USA’s customers dropped by 93,000 in the second quarter which was a bigger decline than the 77,000 customers the carrier lost in the first quarter of 2010. T-Mobile CEO Robert Dotson chimed in with the following:
In the second quarter of 2010, customers embraced T-Mobile USA’s industry leading value which makes it simple and affordable for consumers to trade-up to next generation products and services.
T-Mobile is hanging around 33 million total subscribers in the US, and has experienced a pickup in data revenues as more and more consumers chose 3G data plans and services for their 3G-enable devices. We can’t remember a time when T-Mobile had an absolutely amazing killer hero product, and we can’t help but think how literally most of T-Mobile’s struggles would be solved by a visit from a handset from Cupertino.
It’s here, mobile fans. The moment you’ve been waiting for. The results you’ve been itching for. The numbers you’ve been clamoring for. The… Ok, you get the idea. Last week we asked Sprint subscribers to test their 3G handset speeds and show us what their carrier of choice is made of. Well the results are in and they might just surprise you. So how does the nation’s number three carrier stack up against the big boys? Hit the jump to find out.