With Instagram recently having been acquired by Facebook for $1 billion and OMGPOP, makers of Draw Something, cashing in for $200 million, developers are attacking the mobile app space with a renewed vigor. Before jumping head first into a new project aiming to be the next big acquisition target, developers might be wise to look over a white paper recently put together by App Promo. More →
Rovio on Monday announced the company’s financial results for 2011. The mobile game developer generated $106.3 million in sales based on the success of its Angry Birds games and strong merchandising business. “The strong growth in revenue clearly demonstrates the popularity of the Angry Birds brand.” Mikael Hed, Rovio CEO said. “The heavy investments made in 2011 to all business areas will be seen in future products. To ensure continuous success we need to be creative and stay focused on entertaining our millions of fans by continuously developing new and innovative products and services.” Rovio’s three Angry Birds offerings in 2011 — Angry Birds, Angry Birds Seasons and Angry Birds Rio — were downloaded 648 million times and featured 200 million active monthly users. The company expects business to continue to grow well into 2012. “We are very optimistic about 2012 due to significant investments in product development, cutting-edge branding, brand protection and corporate infrastructure,“ the CEO said. Rovio’s press release follows below. More →
Nokia continues to struggle as the once dominant cell phone maker continues to lose share in both the smartphone and broader mobile market. The Finnish vendor’s Lumia handsets have yet to take off and Nokia’s stock has tumbled 90% over the past five years. Nokia CEO Stephen Elop may look toward his former employer, Microsoft, to step in and help the troubled handset maker, Reuters suggests. The company’s partnership with the software giant is seen as a last chance to turn its business around. Microsoft is already paying Nokia $1 billion a year to use the Windows Phone platform, and many analysts believe the company may be willing to help out further if Nokia’s problems were to intensify. More →
HTC’s new line of One-series smartphones launched on April 2nd in Europe and parts of Asia, but HTC’s performance hasn’t yet caught up to the impressive earnings it managed last year. HTC reported six consecutive months of record revenue in 2011 before increased competition from Samsung and the launch of Apple’s iPhone 4S began a steep slide that continued last month. HTC on Monday announced that its consolidated revenue for the month of April totaled NT$31.03 billion, or approximately $1.06 billion. Performance improved for the second consecutive month, up from NT$30.88 in March, but sales were down 20% from NT$38.73 in April last year. HTC’s One S smartphone launched late last month on T-Mobile and the flagship HTC One X became available from AT&T on Sunday.
Motorola Mobility on Tuesday reported its financial results for the first quarter. The struggling vendor managed $3.08 billion in sales, narrowly topping Wall Street’s $3.03 billion revenue estimates as Motorola continued to work toward the finalization of Google’s $12.5 billion acquisition. Motorola’s loss of $0.28 per share, or $86 million, missed analysts’ consensus by a penny per share, however. Revenue from the company’s mobile division increased 3% as Motorola shipped 5.1 million smartphones in the quarter, but total device shipments slid to 8.9 million units as demand dropped following the holidays. ”The introduction of RAZR MAXX marked another successful addition to the Motorola product family and contributed to our growth in smartphones,” Motorola Mobility CEO Sanjay Jha said. “Our Home business delivered another solid quarter highlighted by improvement in year-over-year profitability. We continue to work closely with Google to complete the proposed merger during the first half of the year.” Motorola’s full press release follows below. More →
Despite the fact that Samsung surpassed Apple in terms of global smartphone market share, Apple’s iPhone generates more revenue than Samsung’s entire mobile division, according to data from Juniper Research. “Apple’s revenues from its ‘mobile division’ continues to remain significantly higher than Samsung’s, even when you take into account the latter’s feature phones,” Juniper research analyst Daniel Ashdown said. Apple’s iPhone revenue was $22.7 billion in the first quarter of 2012, $29.3 billion if you were to include the iPad, compared with Samsung’s $17 billion from its entire mobile division. Juniper forecasts that smartphone shipments will nearly double over the next five years from just under 600 million units in 2012 to 1.1 billion by 2017. Despite the current state of the market, however, the firm states there is still plenty of opportunities for other players to make strong gains, whether it be Nokia, Research in Motion, HTC or smaller vendors such as Huawei and ZTE. Juniper Research’s press release follows below. More →
Samsung managed to top its pre-announced earnings when it reported results for the first calendar quarter of 2012 on Friday morning. The company reported a record operating profit of 5.85 trillion Korean won, up 98%, and a consolidated net profit of $5.05 trillion won, up 82% over the same quarter last year. Revenue came in at 45.27 trillion won, beating expectations. TV and semiconductor sales were down in the quarter, but any potential impact was offset by strong sales of high-margin display panels and mobile phones. Samsung’s mobile sales grew 86% over the year-ago quarter to 18.9 trillion won, and the company’s combined operating profit margin climbed 1.7 points to 12.9%. Samsung’s full press release follows below. More →
Amazon on Thursday reported its financial results for the first quarter of 2012. Analysts were looking for a profit of $0.07 per share on $12.86 billion in sales, and Amazon posted earnings of $0.28 per share on revenue of $13.18 billion, crushing expectations. The retailer netted $0.38 per share on revenue of $17.4 billion this past holiday quarter, and $0.44 per share on $9.86 billion in sales during the first quarter last year. The nationwide retailer’s stock had been up and down all week as Wall Street’s concerns over margins continued to rattle investors. Amazon’s operating margin fell 3.7% to 1.5% of global revenue in the fourth quarter and in the first quarter a year ago, Amazon’s margins sat at 3.3%. In the first quarter of 2012, Amazon’s operating margins stayed flat at 1.5%. For the second quarter, Amazon forecasts a profit of $40 million, up from a loss of $260 million in the second quarter last year, on revenue of between $11.9 billion and $13.3 billion. Amazon’s stock was up more than 12% percent during after-hours trading on Thursday. The company’s full press release follows below. More →
Huawei, the world’s sixth largest mobile phone vendor, said on Wednesday that it expects to ship more than 100 million mobile phones in 2012, including 60 million smartphones, Reuters reported. The Chinese company sold a total of 55 million handsets, including 20 million smartphones, in 2011 and is now looking to increase its global market share with a focus on key markets. “We plan to target China, the United States, western Europe and Japan as key markets,” said Shao Yang, chief marketing officer of Huawei Device. The executive also said he expects consumer device sales to reach $30 billion in five years, up from $7 billion, becoming as large as its telecommunications equipment business. “This means that by that time, the revenue will be comparable to our telecom equipment business,” Shao said. “We feel the room for growth for devices is much bigger than the telecom carrier sector.” More →
Even before the release of the first Android tablet and the Honeycomb operating system, Google predicted its partners would sell more than 10 million tablets a year beginning in 2011 and capture up to one-third of the market by 2012, The Verge reported. The information comes from Google’s testimony in an ongoing trial with Oracle. Android Senior Vice President Andy Rubin made the prediction based on tablet market data from Morgan Stanley, which estimated a total of 46 million tablets would be sold by 2012. The Mountain View-based company’s expectations have fallen short, however, and Apple has dominated the tablet market with more than 67 million iPads sold thus far. The Internet giant also expected Android tablets to generate up to $110 million in search revenue in 2011 and $220 million in 2012. More →
Despite early-morning jitters on Wall Street, Apple on Tuesday reported yet another blow-out quarter. The Cupertino, California-based company managed the second most profitable quarter in its history, posting a net profit of $11.6 billion on $39.2 billion in sales. Apple sold 35.1 million iPhones into channels last quarter, along with 11.8 million iPads, 7.7 million iPods and 4 million Mac computers. While the firm continues to dominate the technology industry — Apple is currently the most valuable company in the world — several analysts think Apple is just getting started. More →
Sprint posted its first-quarter financial results on Wednesday ahead of the bell. Analysts were anticipating another rough quarter, and Wall Street’s consensus had the nation’s No.3 carrier losing $0.42 per share on revenue of $8.71 billion. The numbers are now in and Sprint beat analysts’ expectations, reported a loss of $0.29 per share, or a net loss of $863 million, on $8.73 billion in sales. Sprint’s subscriber count was also in the spotlight ahead of Tuesday morning’s earnings report, and estimates suggested Sprint would shed anywhere from 22,000 to 125,000 net subscribers. Sprint has now confirmed that it added 263,000 net postpaid subscribers under the Sprint brand during the quarter thanks to iPhone sales totaling 1.5 million units, but it lost 192,000 net contract subscribers as its Nextel platform shed 455,000 postpaid customers. The carrier posted a massive $1.3 billion loss in the fourth quarter last year though the addition of Apple’s iPhone helped it add 1.6 million net subscribers, and it reported a loss of $439 million while adding 310,000 net subscribers in the first quarter of 2011. Sprint’s full press release follows below. More →
Apple on Tuesday reported a huge quarter, crushing analysts’ estimates for the second fiscal quarter of 2012. During the earnings call that followed the company’s release, Apple executives were asked if they feared a potential squeeze on carrier subsidies, talk of which recently sent Apple’s stock tumbling. “Our focus is on making the very best smartphone in the world,” Apple CEO Tim Cook responded while brushing off the notion that carriers might be looking to squeeze iPhone subsidies. Carriers want to sell the products customers want according to Cook, and Apple’s iPhone is currently the best-selling smartphone in the world. The chief executive also stated that the iPhone is the best smartphone on the planet to entice feature phone users to upgrade to a smartphone, which is a primary goal for carriers as they promote high-margin data plans.