Amazon’s Kindle Fire tablet exploded onto the scene late last year. Despite only being available for a month and a half in the holiday quarter, Amazon shipped nearly 4 million Kindle Fires in its launch quarter to take 14% of the global tablet market according to market research firm IHS iSuppli. While many touted the tablet as the iPad’s biggest competitor, Apple’s CEO Tim Cook insisted that Amazon’s tablet had absolutely no impact on iPad sales. Now, in the first quarter of 2012 it looks like the tablet that was once said to be Apple’s biggest tablet threat may have seen drastically reduced demand following Apple’s move to drop its pricing on the previous-generation iPad 2 to $399. 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.
Following the announcement of its next-generation flagship Galaxy S III smartphone, Samsung’s mobile boss JK Shin has revealed that the South Korea-based consumer electronics giant has its sights set sky high in 2012. According to Shin, Samsung is looking to sell 200 million smartphones this year, increasing its share of the global market to between 23% and 24%, up from 21.1% in 2011, MarketWatch reports. According to the latest numbers from market research firm Strategy Analytics, Samsung is well on its way to achieving the lofty goal; the firm estimates that Samsung sold 44.5 million smartphones into sales channels during the first quarter, pushing the company past Apple to become the No.1 vendor in the world. Shin also noted that the Galaxy S III includes various software and design modifications that will help it avoid becoming a target in the numerous patent cases Samsung currently faces. More →
Behold the Ghost of Palm Past. Earlier this week, industry watchers got to relive the rise and fall of webOS as Research In Motion gave the world a brief look at a gorgeous new smartphone platform while failing to convince anyone that it can succeed in a market dominated by Apple and Google. RIM’s stock plummeted from a high of $14.62 earlier this week to the $11-range as a result. Then, on Thursday, Samsung took the wraps off its latest flagship smartphone, the Galaxy S III. The impressive smartphone’s design was described as having been inspired by pebbles that had been smoothed be the flow of water in a river. There was once another smartphone with a design inspired by river rocks, but I can’t quite put my finger on it… More →
The NPD Group on Wednesday released the results of its monthly Mobile Phone Track service, and determined Apple was the top-selling smartphone vendor in the United States. The Cupertino-based company’s market share increased by 7% in the first quarter year-over-year and totaled 29% of all U.S. smartphones. Samsung, the world’s largest smartphone and overall mobile phone vendor, followed closely on Apple’s heels and saw tremendous growth of 140% to grab a 24% share of the market. During the same period, LG, HTC, Motorola and RIM all saw their shares drop. More →
One of the original launch partners of Microsoft’s Windows Phone operating system is calling a quits. LG said during its earnings call last week that the company has no plans to introduce any new Windows Phones and instead will focus its efforts on Android. The South Korean-based manufacturer claimed that its partnership with Microsoft remains in good standards, however a focus on Windows Phone has not worked out financially. “The total unit of Windows Phone sold in the global market is not a meaningful figure,” an LG spokesman said to The Korea Herald. LG, which was once the world’s No. 3 handset maker, has seen weakening sales of its smartphone lineup. After recording losses for seven consecutive quarters, the company turned its first profit on the back of increased sales from its Android-powered devices operating of 4G LTE networks.
UPDATE: LG confirmed to PC Magazine that it has no plans to abandon Windows Phone. More →
Samsung reported a blow-out first quarter on Friday as strong mobile phone sales helped the consumer electronics giant increase profits by 82% to a record 5.05 trillion won. The numbers were undoubtedly impressive as they stood, but market research firm Strategy Analytics helps us paint a broader picture of just how dominant Samsung’s mobile business was in the first quarter. On the smartphone side, Strategy Analytics estimates that Samsung sold a staggering 44.5 million smartphones into channels last quarter, overtaking Apple’s 35.1 million iPhones by a landslide and making Samsung the top-selling smartphone vendor in the world. 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 →
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 →
After a rough month that saw Apple’s stock tumble nearly $90 from a high of $644 earlier this month to as low as $555.18 on Tuesday, Apple reported its earnings for the second fiscal quarter on Tuesday after the market closed. Following a last-minute round of panic that swept Wall Street, Apple posted a net profit of $11.6 billion, or$12.30 per share — up 94% year-over-year — on revenue of $39.2 billion, crushing the Street’s consensus. Analysts were expecting earnings of $10.06 per share on $36.81 billion in sales. Read on for more. More →