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2011

Qualcomm announces Q2 earnings; record revenues of $3.9B

April 21st, 2011

Qualcomm on Wednesday reported its earnings for the fiscal second quarter or 2011. Strong demand for smartphones and other connected devices that utilize the company’s chips drove record revenues of $3.88 billion, up 46% over the second quarter in fiscal 2010. Operating income and net profits were up year-over-year as well; operating income was up …

Amazon tablet could launch this summer

April 20th, 2011

Amazon is said to be prepping a new tablet device that may launch as early as this summer. According to a report from gadget site gdgt, Amazon has chosen Samsung to help design and build the tablet, which may run Honeycomb or even a custom operating system based on Google’s Android platform. Rumors of an …

Apple reports Q2 earnings; iPhone beats the Street, iPad misses big, profit up 95%

April 20th, 2011

Apple on Wednesday reported earnings for the second quarter of fiscal 2011. Reports from Tuesday suggesting Apple might miss iPad sales estimates were accurate as Apple reported second-quarter sales of only 4.69 units compared to 7.33 million iPads last quarter. Analyst estimates fell between 6 and 8 million iPads for the March quarter. Apple’s iPhone …

ThunderBolt outsells iPhone 4 at Verizon, firm claims

April 20th, 2011

AT&T on Wednesday reported impressive first-quarter iPhone activations that hardly seemed affected by the carrier’s recent loss of iPhone exclusivity. Now, investment research firm ITG is suggesting Verizon Wireless’ iPhone 4 might not even be the carrier’s top seller anymore. As reported by the New York Post, ITG claims that the 4G LTE-capable HTC ThunderBolt …

Sony Ericsson reports Q1 2011 results; profit cut in half on slow sales

April 19th, 2011

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 …

Apple's Q2 iPad 2 sales may fall short of estimates

April 19th, 2011

Analyst Horace Dediu on Tuesday uncovered figures Apple provided in a recent legal complaint against Samsung that may give us a preview of iOS device performance in the second quarter of Apple’s fiscal 2011. Within Apple’s filing, the company states, “As of March 2011, more than 108 million iPhones had been sold worldwide.” It goes …

JP Morgan raises Q2 estimates ahead of Apple earnings next week

April 15th, 2011

Following RBC Capital Markets General Manager Mike Abramsky’s lead, JP Morgan analyst Mark Moskowitz on Friday raised his revenue and EPS estimates for Apple’s 2011 fiscal second quarter. RBC upped its second-quarter revenue estimate from $23 billion to $24 billion on Tuesday, citing pent up iPad demand and strong sales of the Verizon iPhone 4 and …

Google posts 27% increase in revenues; Q1 earnings slightly miss mark

April 14th, 2011

Internet juggernaut Google has released its financial results from the first-quarter of 2011, and things are looking pretty good. The company posted revenues of $8.58 billion during the quarter — which represents a 27% increase year-over-year — with $5.88 billion of that figure being generated by Google-owned websites. The company failed to meet Wall Street’s …

iPad causes U.S. PC market to dive; Apple, Toshiba only winners

April 14th, 2011

Apple’s iPad has left the traditional PC market in a state of flux and in a painful bit of irony for Apple’s competition, the Cupertino company is also one of the few manufacturers whose traditional PC business managed to grow last quarter. Research firm IDC released its first-quarter figures on Wednesday and detailed bleak times …