Smartphones’ share of the global cell phone market is poised to explode over the next four years, according to market research firm Pyramid Research. The firm on Friday released the findings of its latest Smartphone Forecast, as compiled by Senior Analyst and Practice Leader for Mobile Devices, Stela Bokun. Bokun determined that global smartphone sell-through …
In a note to investors on Wednesday, RBC Capital Markets General Manager Mike Abramsky suggested that sales of RIM’s new BlackBerry PlayBook tablet may be exceeding the company’s initial expectations. According to Abramsky, RIM may have increased the number of tablets on order from its manufacturing partners by as much as 100% to between 1.2 …
Wall Street analysts are beginning to reevaluate their yearly iPad forecasts for Apple, Inc. Previous prognostications from the financial sector had the Cupertino-based company selling somewhere between 40 million and 50 million iPads during 2011. After Apple’s Q1 earnings call last week — where the company sold far fewer iPads than expected — the aforementioned analysts have started to reevaluate …
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 …
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 …
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 …
RBC Capital Markets Managing Director Mike Abramsky on Tuesday reiterated the firm’s position that sales of popular Apple products like the iPad 2 likely helped Apple record an impressive fiscal second quarter. In a note to investors, Abramsky wrote that tremendous demand for Apple’s iPad 2 tablet along with solid sales of the iPhone 4 …
HTC on Friday reported first-quarter 2011 earnings highlighted by profit that handily beat analysts’ estimates. Tremendous demand for the company’s popular Android smartphones such as the EVO 4G and ThunderBolt helped HTC record a first-quarter profit of NT$14.83 billion ($511 million) compared to analyst expectations of NT$12.99 billion. HTC said its first-quarter revenue grew 174% …
RBC Capital Markets analyst Mark Sue on Friday cut his price target for Motorola Mobility stock to $33 from his previous target of $38. Sue also lowered his first and second-quarter sales and revenue forecasts, citing increased competition and slow sales of Motorola’s XOOM tablet. Motorola anticipated a rough first quarter when it reported fourth-quarter …
IDC on Tuesday released a new report detailing its vision of the smartphone market through 2011 and beyond. The research firm sees global smartphone shipments climbing to 450 million units in 2011, up 49.2% from 303.4 million units in 2010. More interestingly, however, is the firm’s forecast moving through 2011 and into 2015. Ovum had previously …
