T-Mobile USA revenues slip, contract customers continue to flee in Q3

By on November 10, 2011 at 9:01 AM.

T-Mobile USA revenues slip, contract customers continue to flee in Q3

T-Mobile USA on Thursday announced its results for the third quarter of 2011. The carrier said it added 126,000 net customers during the quarter, an improvement over the net loss of 50,000 customers it reported during the second quarter, but fewer than the 137,000 new customers it added during the same quarter last year. Contract customers continued to flee, however, as T-Mobile reported a net loss of 186,000 contract customers for the quarter. The carrier lost 281,000 contract customers during the second quarter but just 64,000 during the same quarter last year. The number of smartphone customers increased 40% from the same time period last year, however, and T-Mobile now has 10.1 million customers using smartphones on its network. Read on for more. More →

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Samsung mobile sales reach all-time high in Q3

By on October 28, 2011 at 5:50 PM.

Samsung mobile sales reach all-time high in Q3

In its recent third-quarter earnings report, Samsung said its telecommunications business achieved record quarterly sales of 14.90 trillion won, up 37% from the same period last year. The unit shipped 27.9 million smartphones during the period, 10 million more than Apple shipped during the same quarter, pushing Samsung into the top smartphone spot globally. Those sales resulted in a record operating profit of 2.52 trillion won for the telecommunications business. Hit the break for more. More →

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LG posts Q3 loss despite record flat panel TV shipments

By on October 26, 2011 at 9:30 PM.

LG posts Q3 loss despite record flat panel TV shipments

LG posted its third-quarter earnings on Wednesday, noting a net loss of 413.9 billion won ($366 million), far below the net profit of 7.6 billion won reported during the same quarter last year. Third-quarter revenue totaled 13.4 trillion won ($11.3 billion), down 2% from the same period last year. LG shipped a total of 21.1 million handsets during the quarter, down from the 24.8 million devices it shipped during the third quarter of 2010. On the bright side, shipments of flat panel TVs grew 37% to 6.6 million units, more than the company has ever shipped in a single quarter. LG said it expects to boost sales during the fourth quarter by increasing demand for its Cinema 3D and Smart TV products, as well as by pushing LTE phones aggressively in an effort to “dominate the market in advance.” Read on for the full press release from LG. More →

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Amazon profit falls 73% in Q3 despite record Kindle launch

By on October 25, 2011 at 5:05 PM.

Amazon profit falls 73% in Q3 despite record Kindle launch

Amazon reported third-quarter earnings on Tuesday, noting net sales increased 44% from the same quarter last year to $10.88 billion. That figure is on a par with Wall Street’s revenue expectations of $10.93 billion. Amazon reported EPS of $0.14, which missed the Street’s estimates of $0.24 per share. Net income fell 73% quarter-over-quarter, however. Amazon reported net income of $63 million during the third quarter, down from $231 million in the second quarter. The online retailer said September 28th was its biggest day ever for Kindle sales, including during the previous peak holiday season. “In the three weeks since launch, orders for electronic ink Kindles are double the previous launch,” Amazon CEO Jeff Bezos said. “And based on what we’re seeing with Kindle Fire pre-orders, we’re increasing capacity and building millions more than we’d already planned.” Looking forward to the fourth quarter, Amazon expects net sales to fall between $16.45 billion and $18.65 billion, 27-44% growth over the fourth quarter of last year. The company also confirmed better than expected demand for its Kindle Fire tablet, noting that it is building “millions more” tablets than it had initially orders. Shares of Amazon stock fell more than 14% in after-hours trading. Read on for the full press release from Amazon.

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Netflix beats Street but loses 800,000 subscribers in Q3; DVD decline to continue

By on October 24, 2011 at 5:30 PM.

Netflix beats Street but loses 800,000 subscribers in Q3; DVD decline to continue

Shares of Netflix stock plummeted more than 27% in after-hours trading as the company revealed it lost more than 800,000 customers in the third quarter. Netflix now serves 23.8 million total customers and it reported third-quarter revenue of $822 million, beating estimates of $812 million. Earnings worked out to $1.16 per share, which also beat Wall Street’s consensus of $0.96. “While we dramatically improved our $7.99 unlimited streaming service by embracing new platforms, simplifying user-interface, and more than doubling domestic spending on streaming content over 2010, we greatly upset many domestic Netflix members with our significant DVD-related pricing changes, and to a lesser degree, with the proposed-and-now-cancelled rebranding of our DVD service,” Netflix said in a letter to shareholders Monday. Netflix expects DVD shipments to decline sharply during the fourth quarter, a continuation of the company’s earlier changes, but it expects growth in weekly gross additions compared to the December quarter last year. The company said it expects global consolidated income to fall between $19 million and $37 million during the fourth quarter and EPS is expected to land between $0.36 and $0.70. More →

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Dell, HP may release Windows 8 tablets in Q3 of 2012

By on October 18, 2011 at 11:01 AM.

Dell, HP may release Windows 8 tablets in Q3 of 2012

Dell and HP will reportedly be among the first manufacturers to launch Windows 8 tablets, and the devices could be on the market as soon as the third quarter of next year, DigiTimes said recently. Supposedly, Amazon’s low-priced Kindle Fire has driven several manufacturers to pursue Windows 8 over Android in an effort to avoid stiff competition in the low-cost tablet market. Lenovo and Dell will stick to creating enterprise-focused tablets according to the report. Dell’s devices will continue to run Windows but Lenovo will still offer Android as a choice on its business-oriented tablets. In addition, recent rumors have suggested HTC is also working on a Windows 8 tablet. Windows 8 shipped to developers in September and most reports have suggested the first devices bearing the OS will launch in late 2012. More →

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18.7 million tablets reportedly shipped in Q3, iPad market share grows

By on October 18, 2011 at 10:00 AM.

18.7 million tablets reportedly shipped in Q3, iPad market share grows

Tablet vendors shipped 18.7 million units during the third quarter of this year, DigiTimes said on Tuesday. Third-quarter shipments were up 27.5% over the second quarter, but the increase was less than the 60.9% jump in shipments between the first and second quarters of this year. The slower growth was attributed to a weaker global economy, and the entire industry suffered. Apple is estimated to have shipped 13 million units in the September quarter, fewer than DigiTimes’s prediction that Apple would ship 14-15 million units. That figure, however, is still up up 36.8% over the second quarter. 5.7 million non-iPad units shipped during the third quarter, up 10.1% sequentially, but growth suffered due to an “inability to attract customers” away from the iPad, DigiTimes senior analyst James Wong said. Apple’s share of the tablet market grew from 64% in the second quarter to 70% in the third quarter according to DigiTimes’s figures. Apple will reveal its third-quarter earnings on Tuesday evening. 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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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 weigh in on Q3 iPhone sales; estimates range from 15M to 20.25M

By on July 13, 2011 at 2:00 PM.

Analysts weigh in on Q3 iPhone sales; estimates range from 15M to 20.25M

Earlier this week, Forbes writer Philip Elmer-Dewitt collected third-quarter iPad sales estimates from some 39 different analysts — both amateur and professional — and laid out the tale of the tape ahead of Apple’s earnings report next week. On Wednesday, Dewitt collected third-quarter iPhone sales estimates from the same 39 analysts. Estimates range from the 15 million iPhones Needham’s Charlie Wolf predicted late last month to a record 20.25 million units suggested by Traderhood’s Nicolae Mihalache. The analysts’ calls average out to 16.9 million units, which would be just over double Apple’s iPhone sales in the same quarter a year prior. Apple sold a record 18.65 million iPhones in the second fiscal quarter of this year, and the company’s iPhone business brought in $12.3 billion in revenue. 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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